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The Federal Reserve has made a move to reduce interest rates by 25 basis points, sending shockwaves through the global financial markets. This decision is seen as a positive development for the economy and cryptocurrency traders alike, as it could potentially increase investment in these assets.
According to experts like André Dragosch of Bitwise, this rate cut is expected to drive investors towards altcoins rather than Bitcoin due to the added liquidity. However, Haider Rafique of OKX warns that the Fed’s actions also signal ongoing vigilance regarding inflation, leaving room for a possible reversal in market momentum if inflation persists.
Despite the initial optimism following the rate cut, experts are cautioning against complacency, as this decision may not necessarily be a permanent solution to stimulate economic growth. Inflationary concerns remain a significant risk to financial markets, and any indication of rising prices could quickly erase gains made by crypto assets.
In the near term, however, the increased liquidity is expected to drive further price increases across the cryptocurrency market, potentially reaching new heights in the coming months.
Source: www.crypto-news.net
