English | Español | Français
Market Cap: $ 3.37 T 24h Vol: $ 150.60 B BTC Share: 62.13%
BTCNEWS
  • Bitcoin
  • ETF
  • Prices
  • Exchanges
  • Glossary
bitcoinBTC/USD
$ 105,740.33 3.67%
No Result
View All Result
BTCNEWS
  • Bitcoin
  • ETF
  • Prices
  • Exchanges
  • Glossary
BTCNEWS
No Result
View All Result
Home Latest

Expert Forecasts: Bitcoin Surge Not Solely Dependent on Federal Rate Cuts

Crypto Executive Questions the Potential of Federal Rate Cuts to Trigger a Significant Bitcoin Rally

Mark Valerius by Mark Valerius
October 10, 2024
Share on FacebookShare on Twitter

Key Points

  • Analysts are skeptical about the positive impact of Fed rate cuts and China’s stimulus package on Bitcoin.
  • Bitcoin could remain range-bound until a significant crypto catalyst emerges.

Andrew Kang, co-founder of Mechanism Capital, has expressed doubts about the positive influence of Fed rate cuts on Bitcoin (BTC).

Fed Rate Cuts and Bitcoin

Kang suggests that the impact of the Fed rate cuts and China’s policy might be overstated. He argues that these are just one of many factors influencing global liquidity and crypto prices.

Backing his argument, Kang points to BTC’s rally in 2023, during a period of record-high Fed rates. He believes this shows little correlation between rates and BTC, and questions the expectation of a strong inverse correlation as rates start to decrease.

China’s Stimulus and Bitcoin

Kang also posits that China’s stimulus might be more beneficial for shares than for crypto. He cites recent trading discounts between USDT and the Chinese Yuan as evidence of a migration from crypto to A shares.

Market analysts have projected that an additional stimulus package from the Chinese government could reignite the uptrend in stocks. If this happens, Kang suggests crypto investors might shift their capital to stocks.

As a result, Kang predicts that BTC could remain within the $50K to $72K range until a significant crypto catalyst triggers the market. At the moment, BTC is still below the 200-day Moving Average, indicating that it has yet to show a convincing shift to a bullish market structure.

Tags: Bitcoin (BTC)

Related News

spain crypto

Major Spanish Bank Recommends 7% Crypto Investment For Wealthy Clients

June 18, 2025
bitcoin debate

Core Developers Are ‘Risk To Bitcoin’ In Governance Battle, Says JAN3 CEO Samson Mow

June 10, 2025
Interview with 0G Labs’ Michael Heinrich on The Convergence of AI and web3

Interview with 0G Labs’ Michael Heinrich on The Convergence of AI and web3

June 10, 2025
market libra

Argentine President Cleared Of Ethics Violations In $4.5 Billion LIBRA Crash

June 10, 2025
bitcoin
Bitcoin (BTC)
Rank: 1
$ 105,740.33
Price (BTC)
Ƀ1.00000000
Marketcap
$ 2.10 T
Volume
$ 51.08 B
24h Change
3.67%
Total Supply
19.88 M BTC

  • About Us
  • Contact
  • Advertise
X-twitter Telegram Facebook Instagram Youtube Medium Linkedin

Information you can trust

BTCNews.com provides Bitcoin news and other cryptocurrency news, reaching millions of crypto enthusiasts daily.

It offers comprehensive coverage of business, financial, and international news related to digital assets.

Serving professionals through digital platforms, industry conferences, and direct updates, BTCNews.com is a premier provider of blockchain and crypto news.

Disclaimer: The information provided by BTCNews.com is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments are highly volatile and involve significant risks.

Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. BTCNews.com is not responsible for any losses incurred due to the use of information provided on this site.

  • © 2008 - 2024 BTCNews.com
  • Terms of Use
  • Privacy
  • Cookies
No Result
View All Result
  • Market
    • Crypto Prices
    • Crypto Exchanges
  • Learn
    • Glossary
  • News
    • Latest

© 2008 - 2024 BTCNews.com