Anticipated Fed Fee Cuts Assist Bull Case in Bitcoin, However There’s a Catch

The greenback index, which gauges the USD’s change fee in opposition to main fiat currencies, initially strengthened after the Fed kicked off the rate-cut cycle in mid-2000, September 2007, and August 2019. The S&P 500, a proxy for worldwide investor threat urge for food, noticed bouts of threat aversion through the early phases of the rate-cut cycle.