The interest rate cut announced by the FED yesterday did not have the expected impact on the cryptocurrency market.
While the price of BNB reached an all-time high of $1,000, the prices of major cryptocurrencies like Bitcoin and Ethereum remained largely flat. Analysts say this suggests investors lack confidence that the Fed is truly shifting to a looser monetary policy path.
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Wave Digital Assets CEO David Siemer stated that he expects the effects of the interest rate cut to be seen over time, saying, “Bitcoin could rise to approximately $130,000 by the end of the year, while Ethereum could rise to $6,000.”
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However, experts say a single interest rate cut wasn't enough to generate market excitement. “A rate cut is a tailwind, but it doesn't create a paradigm shift in the market,” said Ira Auerbach, president of Tandem, a subsidiary of Offchain Labs, and a former Nasdaq executive. “The direction is in crypto's favor, but a single move doesn't determine the trend.”
Stocktwits market strategist Tom Bruni, however, stated that investors had already priced in the news, interpreting the current stagnation as a sell-off. Galaxy manager Chris Rhine similarly argued that the interest rate cut was already priced in, and the market was focused on future directions.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/experienced-ceo-says-the-effect-of-the-interest-rate-cut-will-emerge-over-time-reveals-bitcoin-and-ethereum-price-forecast/" rel="noopener noreferrer nofollow">Experienced CEO Says, “The Effect of the Interest Rate Cut Will Emerge Over Time,” Reveals Bitcoin and Ethereum Price Forecast</a>

Experienced CEO Says, “The Effect of the Interest Rate Cut Will Emerge Over Time,” Reveals Bitcoin and Ethereum Price Forecast

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