{"id":27573,"date":"2024-08-24T21:30:02","date_gmt":"2024-08-24T18:30:02","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=27573"},"modified":"2024-08-24T17:34:31","modified_gmt":"2024-08-24T14:34:31","slug":"21shares-past-rate-cuts-could-be-potential-crypto-bull-market-catalysts","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/21shares-past-rate-cuts-could-be-potential-crypto-bull-market-catalysts\/","title":{"rendered":"21Shares: Past Rate Cuts Could Be Potential Crypto Bull Market Catalysts"},"content":{"rendered":"<p>The US Federal Reserve (Fed) is expected to start cutting its benchmark interest rate in September.<\/p>\n<p>Speaking at the annual Jackson Hole Symposium, US Federal Reserve Chairman Jerome Powell gave the strongest indication yet that rate cuts are imminent.<\/p>\n<p>Bitcoin rose above $63,000 on the news, with analysts expecting more gains once the Fed begins cutting rates.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/21shares-past-rate-cuts-could-be-potential-crypto-bull-market-catalysts\/#The_Impact_of_Rate_Cuts_on_the_Crypto_Market\" title=\"The Impact of Rate Cuts on the Crypto Market\">The Impact of Rate Cuts on the Crypto Market<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/21shares-past-rate-cuts-could-be-potential-crypto-bull-market-catalysts\/#Institutional_Interest_in_Digital_Asset_Investment_Vehicles_Remains_High\" title=\"Institutional Interest in Digital Asset Investment Vehicles Remains High\">Institutional Interest in Digital Asset Investment Vehicles Remains High<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_Impact_of_Rate_Cuts_on_the_Crypto_Market\"><\/span>The Impact of Rate Cuts on the Crypto Market<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Leena ElDeeb, researcher at exchange-traded product issuer 21Shares, said that previous rate cuts have been positive for digital asset prices. ElDeeb said that investors who have access to cheaper loans are seeing this as an opportunity to invest in riskier asset classes. ElDeeb specifically highlighted an example of a rate cut at the beginning of the COVID-19 pandemic:<\/p>\n<p>\u201cIn March 2020, when they cut interest rates by 150 basis points (bps) to almost zero, the total crypto market cap increased by about 450% towards the end of the year, and the price of Bitcoin increased by 200% during the same period.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-27576 size-full\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/1.webp\" alt=\"\" width=\"1138\" height=\"1070\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/1.webp 1138w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/1-300x282.webp 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/1-1024x963.webp 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/1-768x722.webp 768w\" sizes=\"auto, (max-width: 1138px) 100vw, 1138px\" \/><\/p>\n<p>ElDeeb noted that past performances do not guarantee future results, and that the March 2020 rate cuts could provide a benchmark to compare the potential impact of the upcoming rate cut on crypto markets.<\/p>\n<p><em>Might interest you: <a href=\"https:\/\/coinengineer.net\/blog\/sec-pushes-back-against-richard-hearts-motion\/\">SEC Pushes Back Against Richard Heart\u2019s Motion to Dismiss $1 Billion Securities Lawsuit<\/a><\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Institutional_Interest_in_Digital_Asset_Investment_Vehicles_Remains_High\"><\/span>Institutional Interest in Digital Asset Investment Vehicles Remains High<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Despite the $528 million outflow from digital asset investment products in the week of August 3, institutional interest in digital asset investments remains high. This is confirmed by strong inflows into BlackRock\u2019s iShares Bitcoin Trust ETF and Fidelity\u2019s Wise Origin Bitcoin Fund of $20.3 million and $61.3 million, respectively.<\/p>\n<p>This strong interest in digital asset investment vehicles is also supported by investment advisors increasing their exposure to Bitcoin ETFs in the second quarter of 2024.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Federal Reserve (Fed) is expected to start cutting its benchmark interest rate in September. Speaking at the annual Jackson Hole Symposium, US Federal Reserve Chairman Jerome Powell gave the strongest indication yet that rate cuts are imminent. Bitcoin rose above $63,000 on the news, with analysts expecting more gains once the Fed begins<\/p>\n","protected":false},"author":6,"featured_media":26851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[8134,8133,8132],"class_list":["post-27573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin-after-rate-cut","tag-fed-raate-cut","tag-rate-cut"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>21Shares: Past Rate Cuts Could Be Potential Crypto Bull Market Catalysts - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/21shares-past-rate-cuts-could-be-potential-crypto-bull-market-catalysts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"21Shares: Past Rate Cuts Could Be Potential Crypto Bull Market Catalysts - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The US Federal Reserve (Fed) is expected to start cutting its benchmark interest rate in September. 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