Bitcoin could set a new direction as interest rate cuts begin globally. The EU and Canada have taken the lead - Will the US follow?
could be primed for a bullish breakout from its months-long range as major central banks start cutting interest rates, per BitMEX founder and Maelstrom CIO Arthur Hayes.his outlook following rate cuts by the European Central Bank and the Bank of Canada .
This will mark the start of central bank ‘easing cycles’, and the US will forced to jump in, per Hayes. As a result, the executive nudged, Most market watchers opined that Bitcoin could set a definite price direction after the Fed’s meeting next Wednesday .
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