BitMEX: Crypto market needs Fed’s monetary policy easing

In 2023, the cryptocurrency market will only be able to show growth if the U.S. Federal Reserve softens its monetary policy.
The actions of the U.S. authorities have a huge impact on the global financial sector. Digital currencies are a category of risky assets, so their investment attractiveness will increase only against a background of high business activity, BitMEX analysts said in a review.
The inflow of funds to the technology sector, as well as virtual currencies, will grow if the Fed at least refrains from increasing the discount rate. If the regulator decides to lower it, investors will more actively enter IT stocks and bitcoin.

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