Oct 28, 2024 Crypto Hot News

Bitcoin Bulls Cheer Trumps Win Fed Rate Cuts Despite Sliding Copper-Gold Ratio

In the upcoming U.S. presidential election, some people are excited about the possibility of a pro-crypto Republican candidate, like Donald Trump, winning. This is because it may lead to more support for cryptocurrencies. Additionally, people are looking forward to the possibility of the Federal Reserve cutting interest rates.

However, there is also a concern because the copper-to-gold ratio, which is a way to measure risk in investments, is going down. This might mean that riskier investments, like cryptocurrencies, could face some challenges.

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