Conference Announcement
The Block has announced its upcoming event, Emergence, to be held in Prague on December 5-6, 2024, focusing on the cryptocurrency industry's collective future.
Market Predictions
Prominent economist Steve Hanke suggests that a potential 25-basis-point rate cut from the Federal Reserve next week is already priced into the market, which could lead to a 'sell-the-news' reaction.
Investor Sentiment
In the lead-up to the Fed's meeting, interest rate traders have increased the probability of a 50-basis-point cut, raising concerns that it could signal recessionary pressures, impacting risk assets, including bitcoin.
Caution Ahead
Economists warn that aggressive rate cuts may result in market caution, as investors reassess their strategies amidst heightened volatility leading up to the U.S. presidential elections.
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