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Analysts see crypto gains from Fed support

Analysts see crypto gains from Fed support

  • Analysts said cryptocurrencies could benefit if the Federal Reserve increases liquidity during a major US stock market downturn.
  • The US stock market has grown to about US$75 trillion, increasing expectations that policymakers could intervene during a severe sell-off.
  • Analysts said any Federal Reserve action would likely support cryptocurrencies indirectly through improved market liquidity rather than direct intervention.

Bitcoin (CRYPTO:BTC) and other cryptocurrencies could benefit if the US Federal Reserve introduces measures to support the US$75 trillion stock market during a severe downturn, according to several market analysts.

The US equity market has risen about 68% over the past five years and added roughly US$6 trillion in value…

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