Cryptocurrency

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/financial-institutions-predict-rate-cuts-and-btc-etf-approvals/" data-wpel-link="internal">Financial Institutions Predict Rate Cuts and BTC ETF Approvals</a><br></p>
<p style="text-align: justify">Despite a slight dip in BTC due to concerns over Genesis sales, two simultaneous positive developments have emerged. These two developments may limit the decline in cryptocurrencies. In fact, they are expected to support a definite rise in the medium and long term. Predictions and statements meet all conditions for a BTC price increase.</p> 
<h2 style="text-align: justify" id="latest-cryptocurrency-news">Latest Cryptocurrency News</h2> 
<p style="text-align: justify">The first <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">positive news</a> came from the major financial institution Citi, which stated that the Fed will cut <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rates</a> by more than half a point this year. Goldman Sachs supported this by announcing that there will be three consecutive rate cuts starting from September. This means we will see a 75bp cut before the end of the year. For the rise of cryptocurrencies, it is essential for the tight monetary policy to ease, and it seems that the interest rates, which have been at their peak for a year, will finally decrease.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-376570 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/BTCUSDT_2024-08-02_17-26-50.png" alt="" width="1815" height="836"></p> 
<p style="text-align: justify">The second and critical latest development is related to a Reuters report that was just released. According to this report, Morgan Stanley has given its asset advisors permission to recommend BTC ETFs to their clients. This is great news because it could trigger an influx of billions of dollars. Other financial giants like Vanguard are also expected to start adopting BTC ETFs before the end of the year.</p> 
<p style="text-align: justify">We have written the same thing throughout the year. After 6-9 months of data is collected for BTC ETFs, large asset managers will be able to recommend them to their clients. Without this data, it is not possible for such large companies to offer this investment product to their clients. Consequently, these giants seeing BTC ETFs as investable and offering them to their clients means that much larger investor groups will pump money into crypto through the ETF channel.</p> 
<p style="text-align: justify">The last quarter, unless a third world war breaks out, will likely bring significant gains to <a href="https://en.coin-turk.com/experts-analyze-bitcoin-market-trends/" data-wpel-link="internal">cryptocurrency</a> investors.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/financial-institutions-predict-rate-cuts-and-btc-etf-approvals/" data-wpel-link="internal">Financial Institutions Predict Rate Cuts and BTC ETF Approvals</a></h5>
<p>The post <a href="https://en.coin-turk.com/financial-institutions-predict-rate-cuts-and-btc-etf-approvals/" data-wpel-link="internal">Financial Institutions Predict Rate Cuts and BTC ETF Approvals</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Financial Institutions Predict Rate Cuts and BTC ETF Approvals

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