Bitwise CIO downplays price ‘hiccup’ amid Bitcoin bull trend after FOMC shakes markets

Bitcoin’s price experienced a sharp pullback following the US Federal Reserve’s recent rate cut, but market experts like Bitwise CIO Matt Hougan remain optimistic about the asset’s long-term trajectory. On Dec. 18, the Federal Reserve announced a 25-basis-point rate cut, scaling back its outlook for 2024 to two cuts instead of the previously expected four. […] The post Bitwise CIO downplays... source: https://cryptoslate.com/fed-rate-cut-shakes-markets-but-bitwise-cio-downplays-price-hiccup-amid-bitcoin-bull-trend/