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According to Coindesk, experts expect the FED to reduce interest rates by 100 basis points next year and display the most dovish attitude among some country central banks. 
While Deutsche Bank stated that the FED will be the central bank with the most dovish attitude in 2024, they said that a study they conducted revealed that investors expect an interest rate cut of at least 100 basis points (that is, 1 percentage point) from the current range of 5.25% to 5.5%. 
ING Bank analysts also said that they expect the US economy and inflation to slow down in 2024 and the FED to follow a looser monetary policy. 
Finally, Bank of America analysts said in a recent report that the current trend is in favor of the dollar, but this situation may change in 2024. 
<blockquote> 
 “We predict that the US economy will perform relatively well compared to other major economies next year. 
 “At this point, although the current trend is in favor of the dollar, we think that the dollar may start to decline in general in 2024.” 
</blockquote> 
If banks' expectations about the FED's interest rate cuts and the dollar in 2024 come true, this will put pressure on the dollar, and a weaker dollar is generally interpreted as positive in the Bitcoin and cryptocurrency markets. 
Because Bitcoin reached its peak of $ 69,000 in November 2021, when the FED started increasing interest rates. Since the subsequent bear market is directly related to the FED's interest rate increases, it is thought that BTC may return to its old days after a policy change and the start of interest rate cuts. 
Related News: <a href="https://en.bitcoinsistemi.com/when-will-fed-start-cutting-interest-rates-fed-member-gave-the-date/" target="_blank" rel="dofollow">When Will FED Start Cutting Interest Rates? FED Member Gave the Date!</a> 
When the dollar, a global reserve currency, strengthens, it causes financial tightening around the world and discourages risk-taking. When you lose weight, the opposite happens. At this point, the weakening dollar encourages investors to take risks in risky assets, including Bitcoin. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/experts-expect-the-fed-to-start-interest-rate-cuts-in-2024-how-will-bitcoin-price-be-affected/">Experts Expect the FED to Start Interest Rate Cuts in 2024! How Will Bitcoin Price Be Affected?</a>

Experts Expect the FED to Start Interest Rate Cuts in 2024! How Will Bitcoin Price Be Affected?

Bitcoin Sistemi EN

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