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Could Fed Rate Cuts Spark Gains?
DeFi is ready for a comeback and Bitcoin is ready to breakout
Rich Webb
September 17, 2024 • Read Time: 5 minutes
As interest rate cuts from the U.S. Federal Reserve loom on the horizon, decentralized finance (DeFi) is poised for a comeback, according to a recent analysis by Bernstein.
Analysts at the research and brokerage firm predict that potential 25- to 50-basis-point reductions could reignite interest and raise yields, particularly on Ethereum-based platforms.
And that is without considering the potential impact on Bitcoin price! Let's dive in!
Federal Reserve rate cuts could revive DeFi markets, especially on Ethereum, predicts Bernstein. — Read More
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The Fed is expected to cut interest rates tomorrow.
The last time the Fed cut rates, Bitcoin went parabolic 📈
If history repeats itself, the next 6-12 months are going to be insane.
h/t/ @MilkRoadDaily
— Lark Davis (@TheCryptoLark)
12:30 PM • Sep 17, 2024
1/ Close, very close.
1/ Global M2 vs BTC
— Raoul Pal (@RaoulGMI)
8:32 PM • Sep 16, 2024
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