Bitcoin

<ul><li>Record inflows into crypto funds signal optimism despite potential market correction concerns.</li><li>Bitfinex&#39;s Jag Kooner warns of downside if the Federal Reserve delays expected interest rate cuts.</li><li>An unprecedented $2.45B inflow in digital assets, driven by U.S. Bitcoin ETFs, showcases institutional interest.</li></ul>Cryptocurrency markets are currently experiencing a surge of optimism which is showcased by record inflows into investment funds and bullish predictions for Bitcoin&#39;s future. However, a shadow of uncertainty looms due to the concerns about a potential near-term correction and the Federal Reserve&#39;s stance on interest rates.Jag Kooner, who is the Head of Derivatives at Bitfinex, has cautioned that the market may experience a downside correction because it is overestimating the chances of the U.S. Federal Reserve cutting interest rates soon. If the Fed postpones a cut, it could trigger risk-averse sentiment and negatively impact Bitcoin and other cryptocurrencies.Federal Reserve Chair Jerome Powell has dismissed the possibility of an earlier rate cut in 2024 which is contrary to the <a href="https://cryptotale.org/mixed-signals-for-crypto-as-fed-holds-steady-hints-at-future-cuts/" rel="noopener noreferrer nofollow">expectations</a> of wider markets that anticipated the commencement of the central bank&#39;s rate-cutting cycle in March. In an interview with <a href="https://www.youtube.com/watch?v&#61;ImrKxlLJCEY" rel="noopener noreferrer nofollow">CBS&#39; 60 Minutes</a>, Powell stated that a rate cut in March is &#34;not likely&#34; to happen. He further explained that the Fed wants to be more confident that inflation is moving down to 2%, and it is unlikely that the committee will reach that level of confidence in time for the March meeting.Read full article at <a href="https://cryptotale.org/crypto-market-correction-looms-as-fed-rate-cut-hopes-fade/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Crypto Market Correction Looms as Fed Rate Cut Hopes Fade

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Ďalšie články zverejnené 20. 2. 2024

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