“The U.S. slowdown looks clearly underway, and the Fed, behind the curve, will need to cut more aggressively than previously expected. U.S. [Treasury] yields and the dollar are consequently repricing lower, which is hugely bullish for bitcoin. Further, with China ramping up stimulus and liquidity injections, combined with a weaker dollar, global liquidity conditions are set to accelerate,” the founders of newsletter service LondonCryptoClub said in Monday’s edition.
Related posts
-
Bitcoin Price Tests Support: Will It Bounce Back Stronger?
Bitcoin price failed to clear the $61,500 resistance zone. BTC is now retesting the $58,000 support... -
Bitcoin SV Makes A Surprise Move With 10% Uptick
The market’s bullishness has now spread to altcoins with Bitcoin SV capturing some of its momentum.... -
Coinshares Weighs Trump and Harris’ Impact on Bitcoin Ahead of 2024 Election
In a recent report, Coinshares and author Max Shannon examine the potential impact of the 2024...