The anticipation of a Fed rate cut today in crypto and wider investment markets is palpable, potentially indicating a new baseline for bitcoin and the crypto market.
Inflow and outflow trends in crypto should be carefully interpreted; it's the long-term implications of easing monetary conditions that may catalyze a fresh bull cycle.
Bitcoin has historically correlated with major tech indices, indicating that as investors hunt for yield in lower-rate environments, both assets move in sync.
The recent all-time high for bitcoin was a counter-cyclical event, suggesting that a new baseline could emerge, especially with impending rate cuts.
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