CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
Coin Edition 2024-09-03 04:26:25

Altcoins Face Downside Risk as Fed Rate Cut Looms: Analyst

Following Federal Reserve Chairman Jerome Powell’s recent comments about potential rate cuts at Jackson Hole, markets have reacted differently than anticipated. Prominent voices in the financial world, including former BitMEX CEO Arthur Hayes, are highlighting key factors driving this unusual response. Hayes noted in a recent social media post that Bitcoin has dropped 10% since The post Altcoins Face Downside Risk as Fed Rate Cut Looms: Analyst appeared first on Coin Edition .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.