Global search interest for crypto has dropped close to one-year lows as prices and trading activity retreat, highlighting weakened retail engagement amid a broader market downturn. Falling Search Trends Reflect Cooling Crypto Sentiment Investor interest in crypto appears to be fading, at least online. Google Trends data shows worldwide search volume for the term “ […]
Source: https://news.bitcoin.com/google-trends-data-shows-crypto-interest-slumps-as-market-pulls-back/
Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
