Bitcoin Bulls Bank on Fed's 'Stealth' Rate Cuts: Crypto Daybook Americas
2025-07-08 11:24:03
Main Idea
Bitcoin bulls are anticipating higher prices due to potential Federal Reserve rate cuts and other market factors, while various crypto-related developments and market data are highlighted.
Key Points
1. New analysis from the Federal Reserve Banks of New York and San Francisco shows a 9% chance of the benchmark fed funds rate falling significantly over the medium to long term.
2. The Treasury recently expanded its buyback program, injecting additional capital into the economy, which could support bullish volatility in Bitcoin.
3. Bit Digital completed a strategic Treasury shift to ether (ETH) following a $172 million public equity raise and the sale of 280 BTC.
4. Traders are seeking bullish exposure through bitcoin $130K strike calls on Deribit, indicating optimism for price increases.
5. BTC is currently priced at $108,467.33, with a 0.54% increase from the previous day, while ETH is at $2,552.44, up 0.74%.
Description
By Omkar Godbole (All times ET unless indicated otherwise) The one thing bitcoin (BTC) bulls constantly discuss is liquidity easing through Fed interest-rate cuts and the possibility of rates falling back to zero, just as in 2020-21. Back then, the zero rate triggered an unprecedented bull run throughout the financial markets, including low-cap altcoins. Now, new analysis from the Federal Reserve Banks of New York and San Francisco shows a 9% chance of the benchmark fed funds rate falling to the...
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