Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Bitwise CIO: Cryptocurrencies to surge as Q4 macro uncertainty fades
2024-09-10 15:35:41
Odaily News Matt Hougan, chief investment officer at Bitwise, expects cryptocurrencies to see a significant rise in October and November after the current macro uncertainty begins to dissipate. At this stage, although the market generally believes that the Federal Reserve will cut interest rates, the probability of a 50 basis point cut in September has decreased. However, with Wednesday's CPI data and the key Fed meeting next week approaching, the probability of a rate cut of more than 125 basis points by December has increased. (TheBlock)