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Potential Rate Cuts Could Boost Ethereum and DeFi | Flash News Detail | Blockchain.News
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9/18/2024 10:00:01 AM

Potential Rate Cuts Could Boost Ethereum and DeFi

Potential Rate Cuts Could Boost Ethereum and DeFi

According to @CryptoMichNL, if interest rates decrease, there could be a significant boost to DeFi and consequently Ethereum ($ETH). He does not believe that today marks the bottom for ETH, but is optimistic about Ethereum's performance once the Federal Reserve starts cutting rates. Currently, the chart for ETH looks unfavorable.

Source

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast