{"id":2446,"date":"2024-07-04T10:02:25","date_gmt":"2024-07-04T10:02:25","guid":{"rendered":"https:\/\/cryptogoldex.com\/index.php\/2024\/07\/04\/bitfinex-executive-says-bitcoin-rally-depends-on-rate-cut\/"},"modified":"2024-07-04T10:02:25","modified_gmt":"2024-07-04T10:02:25","slug":"bitfinex-executive-says-bitcoin-rally-depends-on-rate-cut","status":"publish","type":"post","link":"https:\/\/cryptogoldex.com\/index.php\/2024\/07\/04\/bitfinex-executive-says-bitcoin-rally-depends-on-rate-cut\/","title":{"rendered":"Bitfinex executive says Bitcoin rally depends on rate cut"},"content":{"rendered":"<p>The leading cryptocurrency displayed a macro correlation mentioned by Token Bay Capital founder Lucy Gazmararian last month. BTC shed over 5% in a 24-hour period.<\/p>\n<p>Higher interest rates, such as those maintained by the Fed, tend to counteract demand for risk assets like cryptocurrencies. This likely catalyzed Thursday\u2019s market activity.<\/p>\n<p>The momentum from spot BTC ETF approval and pre-halving hype has cooled. However, Kooner predicted that upcoming data might shape a clearer outlook for the coming months.<\/p>\n<p>Bloomberg\u2019s James Seyffart noted that U.S. spot BTC ETF activity has stalled, particularly in terms of trading volume.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The leading cryptocurrency displayed a macro correlation mentioned by Token Bay Capital founder Lucy Gazmararian last month. BTC shed over 5% in a 24-hour period. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-2446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/comments?post=2446"}],"version-history":[{"count":0,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media\/2445"}],"wp:attachment":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media?parent=2446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/categories?post=2446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/tags?post=2446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}