Why Did Crypto Markets React to Fed Governor Miran’s Comments?
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Q: What did Stephen Miran say?
A: Miran suggested the Federal Reserve should cut interest rates faster, arguing that the neutral rate is now lower than last year. He believes keeping rates high for too long could unnecessarily slow the economy.Q: How does this affect crypto?
A: Lower rates generally boost liquidity and weaken the dollar, historically supporting non-yielding assets like Bitcoin and Ethereum. -
Because macro statements like that instantly affect investor sentiment. Any hint about liquidity or rate changes sends shockwaves across crypto.