Was This the Bitcoin Bottom Signal? Fed Pivot Not Far Away Acc | CoinBis Official

Was This the Bitcoin Bottom Signal? Fed Pivot Not Far Away According to Analyst

The banking crisis following SVB’s collapse has the market pricing in lower interest rates far sooner than previously expected.

Markets are starting to price in an incoming Fed pivot as bank instability forces central banks to protect the financial system.

Analysis from CryptoQuant analyst Cristian Palusi suggests that the liquidity crises now plaguing commercial banks may be a “long-awaited buy signal” for Bitcoin.


Banks Down, Bitcoin Up
In a post published on Thursday, Palusci noted that the implied federal funds’ policy rates have severely shortened their time frame for when they think the central bank will first cut rates again, from Q1 2024 to June 2023.

Meanwhile, gold and Bitcoin are on the rise: the precious metal surged to nearly $2000 as of Friday, while its oft-considered digital successor rose to another 9-month high of $27,000.