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0.50% Fed Rate Cut Spells Trouble for Bitcoin Amid Recession Fears: 10x Research Cryptonews 1 month ago

0.50% Fed Rate Cut Spells Trouble for Bitcoin Amid Recession Fears: 10x Research 📉

10x Research warns that a 0.50% rate cut by the U.S. Federal Reserve should be seen as a sign of economic distress rather than a positive move. This development casts a shadow over Bitcoin and other risk assets, suggesting potential trouble ahead.

The rate cut illustrates the Federal Reserve's urgency, indicating possible recession fears, which could exacerbate uncertainty in the cryptocurrency market.

Source: cryptonews.com ↗

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