The Fed's transition from tightening to easing monetary policy can have a positive impact on cryptocurrencies. Bitfinex analysts reported this to The Block.
According to experts, the reversal will signal a weakening of risk aversion among investors, which will cause an influx of capital, including into digital assets.
The Fed's rate cut could coincide with the expected April 2024 halving, which has historically led to significant price increases, they added.
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