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Key Fed Prediction Made by Goldman Sachs, Bullish for Crypto?
Goldman Sachs’ boss has recently stated that rate cuts could be a positive signal for cryptocurrencies, potentially supporting price gains in the coming months. Historically, rate cuts have boosted risk assets such as cryptocurrencies. Lower borrowing costs could drive more capital into the crypto market, increasing buying pressure.
In the short term, analysts expect macroeconomic triggers to influence the market without a crypto-specific catalyst. At the time of writing, Bitcoin was down 1.81% in the previous 24 hours to $81,985 during early Asian-market hours on Monday, as the weekend dip saw major tokens lose momentum after last week’s brief surge.
XRP and Cardano’s ADA topped losses among majors, dropping over 7% in the last 24 hours, while Solana’s SOL, Dogecoin (DOGE), and Ethereum (ETH) fell 2% to 3%.
Goldman Sachs’ prediction could be a significant development for the crypto market as it may signal increased capital inflows and higher prices.
Source: https://u.today/key-fed-prediction-made-by-goldman-sachs-bullish-for-crypto
