Bitcoin price may rally if Fed cuts rates, traders advised to hedge positions.

From Cointelegraph
August 30, 2024 5:30 pm:

Bitcoin traders are anticipating a rally if the Fed implements a 0.50% rate cut. However, hedging bullish positions is seen as a necessary precaution to mitigate risks. The article provides insights into how to effectively hedge these positions to maximize potential gains.

The market is closely monitoring the Fed’s decision on a possible 0.50% rate cut, with Bitcoin traders expecting a rally in response. While optimism is high, traders are also advised to hedge their bullish positions to protect against potential losses. The article offers strategies on how to hedge effectively in this scenario.

Read more at Cointelegraph: Bitcoin price volatility expected at Fed September FOMC meeting — Here’s how to prepare