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Bitcoin Bull Could Awaken With 8 Interest Rate Cut by the Fed: Citi Provided a Recipe for Rise! Citi analysts discussed the possible changes in the Federal Reserve's (FED) interest rate policy and the potential impact it could have on the cryptocurrency market. The Fed expects to cut interest rates by 25 basis points eight times from September of this year, with a total reduction of 200 basis points by July 2025. It is stated that with this discount, the current interest rate may decrease from %5.25-%5.5 to %3.25-3.5. Analysts argued that economic slowdown, weakening inflation, increasing unemployment, and negative service sector index could be effective in these discounts. Data and Fed Chairman Jerome Powell's dovish comments suggest that the first interest rate cut is likely to come in September. Also, it was emphasized that the yields of 10-year bonds are already below the yields of 2-year bonds, so there is less room for further decline, and increasing budget deficits and inflation create upward pressure. Citi noted that the unemployment rate is a more important metric, stating that the "Sahm Rule" recession indicator could be triggered in August if the unemployment rate continues to rise at the current pace. Benefit to the cryptocurrency market Citi, which believes that interest rate cuts will have a positive impact on risk products, including the cryptocurrency market, reminded that such fuel is important for further growth. As a result, Fed's interest rate cuts are generally viewed positively for the cryptocurrency markets. In recent years, Fed's money burning policy and interest rate cuts have been among the main factors triggering the rise in the cryptocurrency market. #CryptoObservers# #ContentStar##Gate post Highlights# #HotTopicDiscussion##BountyCreator# #GateLive##NewsMessenger#

#Which tokens are you watching before ETH ETF approval?# Flash Citi Report for Spot Ethereum ETFs: Will Remain in the Shadow of Bitcoin According to Citi's report, net inflows into spot Ethereum ETFs are expected to be significantly lower compared to Bitcoin ETFs. Factors such as the lack of staking opportunities for Spot Ethereum ETFs and Bitcoin's first mover advantage are affecting this situation. On the other hand, it is believed that favorable macroeconomic conditions and investors' better understanding of Ethereum's unique advantages could increase interest in ETFs in the long term.

#Gate.io 2024 Semi-Year Gala: Vote for Top Streamers & Content Creators# Citi Bank: Fed could cut interest rates by 2% in 8 consecutive meetings as the economy is showing a sharp decline.

Citi predicts that the Fed will cut interest rates in September, marking the eighth consecutive rate cut.

Federal Reserve Chairman Jerome Powell has suggested that the central bank is focusing more on the timing of interest rate cuts as inflation begins to ease and the labor market shows signs of cooling. "High inflation is not the only risk we face,"