Bitcoin is Pricing in Two Fed Rate Cuts For 2024, Trader Says

“Bitcoin exhibited strength against a hawkish CPI report and strong inflation data seeing only a retracement back down to $67,000 following the fed minutes announcement,” Semir Gabeljic, director of Capital Formation at Pythagoras Investments, said in an email note. “[Still] The drop of -2% from Monday’s retest of $73,000 showcases risk assets, including BTC, pricing in two rate cuts instead of three for the remainder of 2024.”

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• Source: https://www.coindesk.com/markets/2024/04/11/bitcoin-is-pricing-in-two-fed-rate-cuts-for-2024-trader-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines