US Lags Global Trend on Rate Cuts, Delaying Crypto Rally: Analysts
- The crypto market dipped following this week’s interest rate announcement.
- Fed chair cited caution as the reason behind the latest interest rate decision.
- Interest rate cuts trigger capital rotation toward the crypto market.
Crypto market analysts believe it is only a matter of time before the United States joins other top economies like Europe and China in cutting interest rates.
They see this move as the key catalyst for the next major crypto bull run, a view that has gained traction after the U.S. Federal Reserve held its benchmark interest rate steady this week in the 4.25% to 4.50% range.
Related: Trump’s Attack on the Federal Reserve Creates New Uncertainty for Crypto Markets
