The post Bitcoin Price Prediction After The Fed’s Rate Cut Today – When Will The Next Bull Run Start? appeared on BitcoinEthereumNews.com.

The next crypto bull run is right around the corner, following the Federal Reserve’s start of quantitative easing in Wednesday’s FOMC.  As of press time, the Fed’s policy decision isn’t out yet. However, experts believe that the size of the rate cut would hardly make a difference in the long term. While the market is pricing in a 50 bps cut, a 25 bps cut is also bullish for risk assets like cryptocurrencies.  Unsurprisingly, the BTC price is up by nearly 7% over the past week and the Bitcoin price predictions from experts remain extremely bullish.  Meme coins are also gearing up for a bull run, with all eyes on low-cap and mid-cap gems like First Neiro On Ethereum, Baby Doge Coin and Memebet Token.  Bitcoin Price Prediction – Short-Term and Long-Term Price Targets Opinions remain heavily divided going into today’s FOMC. Barclays becomes the latest financial institution to project a 25 bps rate cut while JPMorgan expects a more aggressive 50 bps rate cut.  Surprisingly, market bets on the 30-Day Fed Funds futures price are indicating the larger cut as the more likely scenario, data from CME FedWatch reveals.  The market pricing in a 50 basis point easing makes today’s FOMC a risk-on event, considering a 25 bps cut could be seen as bearish in the short term. Indeed, the Bitcoin price has corrected over 3% leading up to the meeting.  However, smart money investors will treat any dip as a potential buying opportunity.  After all, irrespective of the size of the central bank’s cut today, the CME FedWatch is signalling a 100 to 150 bps decrease in interest rates.  Simply put, the Fed is set to make it substantially cheaper for institutions to borrow money for the first time in 4 years, a decidedly bullish scenario for cryptocurrencies.…

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Filed under: News - @ September 19, 2024 1:08 am