News
Significance:
6/10

Veteran trader rules out 50bps rate cut, predicts 'best results' for Bitcoin, Ethereum

https://www.thestreet.com/crypto/markets/veteran-trader-rules-out-50bps-rate-cut-predicts-best-results

Anushka Basu

Mentions

People
Organizations

Regions

Code
Name
US
🇺🇸United States

Sentiments

Target
Sentiment
Comment
Bullish
Fed easing and potential rate cuts are seen as supportive for Bitcoin.
Bullish
Expected to benefit from new investments in yield-bearing tokens and DeFi platforms.
Bullish
Could see faster gains due to its high beta nature in a favorable rate cut scenario.