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The Daily Hodl 2024-09-04 07:04:56

Fed Rate Cut Not Going To Plan As Capital Rotates To Obscure Trades Instead of Bitcoin, Says Arthur Hayes

BitMEX co-founder Arthur Hayes says he may have identified a reason why Bitcoin (BTC) is not rallying despite a looming Fed rate cut. Late last month, Fed Chair Jerome Powell hinted at upcoming rate cuts in a speech at the Jackson Hole economic symposium. The speech ignited rallies in crypto and equities, sending Bitcoin to The post Fed Rate Cut Not Going To Plan As Capital Rotates To Obscure Trades Instead of Bitcoin, Says Arthur Hayes appeared first on The Daily Hodl .

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