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Analyst: Cryptocurrency Prices May Rise If Federal Reserve Resumes Rate Cuts

Summary: According to sources, IG analyst Chris Beauchamp stated in a report that if the Federal Reserve resumes rate cuts on Wednesday and signals further easing policies in the future, cryptocurrency prices may rise. If the Federal Open Market Committee hints that this week's meeting is just the beginning of more rate cuts, cryptocurrencies are expected ...

According to sources, IG analyst Chris Beauchamp stated in a report that if the Federal Reserve resumes rate cuts on Wednesday and signals further easing policies in the future, cryptocurrency prices may rise. If the Federal Open Market Committee hints that this week's meeting is just the beginning of more rate cuts, cryptocurrencies are expected to continue to be one of the main beneficiaries. London Stock Exchange Group data shows that the market has fully priced in the expected 25 basis point rate cut on Wednesday. Additionally, about 81% of IG clients are bullish on Bitcoin, expecting its price to rise; 83% of clients are bullish on Ethereum.

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