Analysis: Currently, Bitcoin has only gone through one rate cut cycle in 2019. After the previous rate cut, it rose by 4.61% in 360 days
The licensed virtual asset management company, Pandu Fund, briefly commented on the Federal Reserve's interest rate cut and reviewed the historical performance of various assets after the rate cut. The Fed lowered its rates by 2 points (each point is 25 basis points) to a range of 4.75 ~ 5.00% at its September meeting.
Bitcoin (a new asset class since 2008) has only experienced one rate-cut cycle in 2019. No pattern has been found from its performance over different periods yet, and its ups and downs still largely depend on Bitcoin's fundamentals, the degree of easing in monetary policies by major central banks worldwide, and market sentiment. In this small sample size, price performance fluctuated:
It fell by 2.83% from 30 days before the rate cut to the day before; it rose by 2.89% within thirty days after the rate cut; it fell by11 .78% ninety days after; it rose by4 .61% three hundred sixty days later.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
WTI falls to near $93.50 as Middle East diplomacy hopes ease supply fears
South Korea's exports in the first 20 days of September continued strong momentum, with chip exports soaring by 259%, remaining a key driver of growth.
Early September exports from South Korea help maintain strong momentum in the chip boom.
British Pound slips as hawkish Fed outlook boosts US Dollar