Rally

Bitcoin

April

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<ul>
 <li>Last week, while Bitcoin (BTC) consolidated around $35,000, altcoins led a weekend rally in the crypto market.</li>
 <li>Bitcoin’s next block reward halving is expected around April 2024, which could add more fuel to the Bitcoin price rally.</li>
 <li>According to the CME FedWatch tool, the likelihood of the Fed lowering its key interest rate by 25 basis points below current levels at the March meeting increased to 25.9% on Friday.</li>
</ul>
<p><strong>FED announced last week that it will continue to keep interest rates steady; when will the Fed cut rates? Effects on Bitcoin!</strong></p>
<h2 id="strong-when-can-the-fed-start-cutting-rates-strong"><strong>When Can the Fed Start Cutting Rates?</strong></h2>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-126861" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/FED.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="fed" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/FED.webp?w=1920&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/FED.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/FED.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/FED.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/FED.webp?resize=1536%2C864&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/FED.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/FED.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/FED.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/FED.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p>
<p>Last week, while Bitcoin (BTC) consolidated around $35,000, altcoins led a weekend rally in the crypto market. Last week, the U.S. announced lower-than-expected employment figures for October 2023. Consequently, analysts became more optimistic about the Fed making a rotation earlier than expected as we enter 2024.</p>
<p>Some analysts are beginning to see a high likelihood of interest rates being cut for the first time in March 2024. If so, this could mean a significant rally in risky assets like stocks and cryptocurrencies. Interestingly, Bitcoin’s next block reward halving is expected around April 2024, which could add more fuel to the Bitcoin price rally.</p>
<p>According to the CME FedWatch tool, the likelihood of the Fed lowering its key interest rate by 25 basis points below current levels at the March meeting increased to 25.9% on Friday, compared to 12.9% on Thursday. Fed funds futures show a 66.5% chance that interest rates will remain unchanged during the March meeting.</p>
<p>The probability of staying at current levels is 95.4% for the December meeting and 89.4% for the January meeting. The probability of an interest rate cut in both meetings is zero, but there is a 10.3% chance of an interest rate hike in January. Charlie Ripley, senior investment strategist at Allianz Investment Management, said:</p>
<blockquote>
 <p>“Overall, the employment report may mark a turning point in the U.S. economy, but more importantly, the data shows that monetary policy is working and should reduce the debate about whether policy is restrictive enough.”</p>
</blockquote>
<h2 id="strong-bitcoin-price-rally-could-start-soon-strong"><strong>Bitcoin Price Rally Could Start Soon</strong></h2>
<p>While Bitcoin has been consolidating around the $35,000 level for a long time, this calm before the next mega Bitcoin price rally could be significant. Popular crypto analyst Ali Martinez reported a milestone where more than 700,000 new BTC addresses were created in a day. This growth in the BTC network is often considered one of the most reliable indicators for price predictions.</p>
<p>While Bitcoin maintains short-term positive momentum, CrediBull Crypto expresses optimism that the asset can continue to shift gears until it reaches the psychologically important $40,000 threshold. The analyst anticipates that if this happens, a potential journey towards a new All-Time High (ATH) could be very close.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/when-will-the-fed-start-cutting-rates-effects-on-bitcoin/">When Will the Fed Start Cutting Rates? Effects on Bitcoin!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
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When Will the Fed Start Cutting Rates? Effects on Bitcoin!

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