Bitcoin, Ether Could Rise on Lower U.S. Rate-Rise Expectations
Bitcoin and ether are anticipated to increase if U.S. interest-rate expectations are revised lower, potentially shifting yield differentials against the dollar, according to LMAX Group's Joel Kruger. This outlook is supported by recent data indicating softer PCE inflation and subdued hourly earnings growth, suggesting a potential easing in underlying price pressures.
S. interest-rate expectations are revised lower and yield differentials turn more negative for the dollar, LMAX Group's Joel Kruger said in a note. He pointed to recent data showing softer PCE inflation and subdued hourly earnings growth as signs of easing underlying price pressure.