That outlook, however, could be positive for crypto, pressuring the Fed to be more dovish, which would result in a weaker U.S. dollar and therefore a stronger crypto market, Joshua Lim, head of derivatives at Genesis Trading said. (Genesis is owned by Digital Currency Group, which also owns CoinDesk.)
Bitcoin Has Best Day in 2 Months as Markets Anticipate a ‘Summer of Easing'
The net percent of global central banks cutting rates is increasing in a positive sign for risk assets, including cryptocurrencies....