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It Can Only Go Up… Again!: The Mysterious Connection Between Rate Cuts and Crypto Bull Markets That Will Blow Your Mind (And Probably Not Happen This Time)

A stylized illustration depicting a rocket soaring upwards with a trail of money bags and coins behind it, while interest rates are shown plummeting downwards in the background like a rollercoaster track. In the foreground, Bitcoin's price chart is rising sharply, punctuated by green arrows indicating growth.

Rate cuts? More like Rate-sets-for-a-bull-market-gold-rush! The crypto bros are salivating at the prospect of another interest rate cut, and I’m here to tell you it’s all a bunch of hooey. Leena ElDeeb from 21Shares is touting past performance as evidence that lower rates will send Bitcoin soaring again. Newsflash: just because something worked before doesn’t mean it’ll work this time around! It’s like thinking the lottery numbers are due for a repeat win, when in reality they’re all just random numbers generated by a computer program.

Source: cointelegraph

Speaking at the annual Jackson Hole Symposium, United States Federal Reserve Chair Jerome Powell sent his strongest signal yet that interest rate cuts are on the immediate horizon. The price of Bitcoin (BTC) rallied past $63,000 on the news, and analysts think further gains are expected when the Fed begins cutting rates. Leena ElDeeb, a researcher at exchange-traded product issuer 21Shares, explained that previous interest rate cuts were good for […]

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