Analyst: Dovish Fed Stance Could Boost Bitcoin, Citing Recent Divergence from Tech Stocks
Block Scholes research analyst Thahbib Rahman stated that any dovish signals from Federal Reserve Chair Kevin Warsh could lead to continued outperformance for Bitcoin. Markets are divided ahead of Wednesday's FOMC meeting, with CME FedWatch data showing a 70% probability of rates remaining unchanged and a 30% chance of a 25-basis-point hike. Rahman noted that Bitcoin has shown a divergence from traditional risk assets like AI-driven tech stocks in July, with Bitcoin up about 6% while semiconductor stocks fell nearly 20%.
Source:CoinDesk · Source Link
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