BITPRISMIA
Minneapolis Fed President Neel Kashkari discusses the potential impact of tariffs on inflation and the likelihood of Fed rate cuts in 2024, highlighting the challenges for monetary policy.
The article discusses the performance of Asian currencies, focusing on the stability of the US Dollar and the volatility of the Indian Rupee amidst global rate cut speculations and geopolitical pressures.
Traders are reducing their expectations for multiple Federal Reserve rate cuts this year due to shifting economic conditions, impacting market sentiment and cryptocurrency markets.
Interest rate cuts by major economies, particularly the U.S., could significantly impact the cryptocurrency market by increasing liquidity and boosting investor appetite for risk, though the exact effects depend on broader economic conditions.
Bitcoin has surged past $120,000 to a new all-time high, driven by institutional inflows, macroeconomic conditions, and regulatory clarity.