Bitcoin Broke $62K After Fed Rate Cuts. Here’s What Traders Say Will Happen Next
According to traders on Polymarket, there is a strong belief that there will be four to five more rate cuts in 2021. This prediction comes as the Federal Reserve continues to assess the economic impact of the ongoing pandemic and considers its monetary policy options.
Traders are closely monitoring economic indicators and statements from Fed officials to gauge the likelihood of future rate cuts. The consensus seems to be that the Fed will take further action to stimulate the economy and support recovery efforts.
While nothing is certain in the world of finance, the sentiment on Polymarket suggests that traders are preparing for additional rate cuts in the coming months. This could have significant implications for various asset classes and investment strategies, making it a key trend to watch in the financial markets.
