Bitcoin (BTC) Price Up 5% to $61K Ahead of Fed, but Binance Order Books Suggest Rally Could Be Capped
The dynamics are not necessarily that straightforward, as the prospect of larger cuts could cause a panicky reaction for risk asset prices, K33 Research analysts noted. “Similar large cuts occurred during the 2001 and 2007 recessions, often signaling heightened recession risks in the U.S,” K33 Research said in a Tuesday report.
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