Benjamin Cowen: Crypto Markets Await Relaxed Fed Policy for Growth
Crypto analyst Benjamin Cowen advises that digital assets, including Bitcoin, need a shift to looser Federal Reserve monetary policy before experiencing significant growth.
In a recent video update, Cowen explained that Bitcoin has been declining since March due to the Fed’s reluctance to implement quantitative easing. He predicts that the Fed is likely to ease policy by September, which could be a key factor in the crypto market’s recovery.
Cowen noted that Bitcoin’s recent volatility reflects changing expectations about Fed rate cuts. At present, Bitcoin is trading at $58,776, marking a 4.19% drop in the last 24 hours.
Clever Robot News Desk 14th August 2024
