Federal Reserve Signals Good News for Crypto: 2 Coins Worth Buying Now
The Federal Reserve might not be hiking interest rates soon after all.
Overview
Rate-hike anxiety has driven cryptocurrency prices lower all year, but if the market is reading the tea leaves correctly, the past two weeks have eased some of the pressure. A weak June payrolls report and Federal Reserve Chair Kevin Warsh's recent guarded remarks have eased the odds of a July rate hike to just 22%.
Two cryptocurrencies in particular are likely to benefit directly from that probability dropping: Bitcoin (CRYPTO: BTC) and Hyperliquid (CRYPTO: HYPE). Both are worth buying right now, but that was true before as well. Let's dive in and map out why they stand to gain in the near term.
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Details
Source
Originally published at www.fool.com.
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