Bitcoin traders expect BTC to rally if the Fed rolls out a 0.50% rate cut, but hedging these bullish positions is also necessary. Here is how it’s done. Bitcoin has repeatedly failed to close above the $62,000 level since Aug. 3 and is currently down 11% over the past 30 days. More notably, the cryptocurrency…
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Key Ideas The decision to increase interest rates by 0.25% has negatively impacted the cryptocurrency market. Although this rate is lower than anticipated, the Fed still intends to control inflation and reduce it from 6% to only 2% over the long term. The price of bitcoin dropped significantly from $28,800 to $26,700. The US Federal…
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