In an email to CoinDesk, Michael Safai, managing partner of crypto trading firm Dexterity Capital, said that the latest Fed decision would likely lead to “mixed outcomes” for crypto traders. “While the language on future rate hikes was softened, the Fed left the door open by saying that future decisions will be macro data dependent. Inflation data is improving, but it still isn’t rosy enough to excite crypto traders,” Safai said in an emailed comment.
Related posts
-
Bitcoin Halving: The Cryptocurrency Carnival Buzz
Forget the World Cup; forget the Super Bowl. In the world of cryptocurrency, there’s a spectacle... -
Bitcoin (BTC) Spot ETFs Register Five-Day Withdrawals Streak Ahead of Halving
“Key liquidity drivers, such as stablecoin growth and US-listed Bitcoin ETF inflows, have slowed down –... -
Bitcoin (BTC) Miners Are Better Positioned to Weather the Halving This Time: Benchmark
“Most of the publicly traded bitcoin miners have initiated or announced plans to increase their electricity...