Bitcoin

FED member Christopher Waller, generally known for his hawkish attitude and statements, gave the signal for interest rate cuts.
Speaking at an event in Washington DC today, Waller said that inflation and moderate economic data are an indicator that the FED is on the right track regarding interest policy.
Stating that they will continue to monitor economic data in their previous statements, Waller stated that if inflation continues to decrease and economic data continues to be positive, interest rate cuts may be on the agenda.
<blockquote>
 “Inflation rates are pretty much what I thought they would be and are moving in the right direction.
 I am increasingly confident that policy is now well positioned to slow the economy and return inflation to 2%.
 At this point, if the decline in inflation continues for a few more months, that is, three months, four months, five months, we can start to reduce the policy rate.
 This has nothing to do with trying to save the economy. Because there is no reason to say that we will really keep interest rates high.
 However, if there is an unexpected increase in economic data and inflation, additional interest rate increases by the FED will continue to be possible.
 “At this point, an unforeseen upward shock could blow up the FED's interest rate cut scenario.”
</blockquote>
While Waller is considered the third most hawkish member of the FOMC, Waller's dovish approach is of great importance.
Because after Waller's dovish speech, the leading cryptocurrency Bitcoin and the general crypto market started to rise.
While BTC rose above $ 38,000 again, a general recovery was also seen in altcoins.
Bitcoin hit 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 a policy change and a possible interest rate cut may return BTC to its old days.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/interest-rate-cut-signal-received-from-sahin-fed-member-bitcoin-rises/" rel="noopener noreferrer nofollow">Interest Rate Cut Signal Received from Şahin FED Member, Bitcoin Rises!</a>

Interest Rate Cut Signal Received from Şahin FED Member, Bitcoin Rises!

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