Why Bitcoin Stands Strong Against Ether Following Fed's Rate Cut Prediction

Thursday, 13 June 2024, 07:33
A recent analysis by 10x Research recommends staying loyal to Bitcoin while steering clear of Ether, particularly in light of the Federal Reserve's projection of only one rate cut by 2024. The resurgence of ETF inflows coincided with the release of lower-than-expected U.S. inflation data, bolstering the case for Bitcoin's continued dominance over other cryptocurrencies.
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Why Bitcoin Stands Strong Against Ether Following Fed's Rate Cut Prediction

Bitcoin vs. Ether: Making the Investment Choice

A recent report by 10x Research has emphasized the advantages of sticking with Bitcoin as opposed to venturing into Ether, especially given the current economic forecasts post-Fed announcement.

ETF Resurgence and U.S. Inflation Impact

The market dynamics saw a surge in ETF inflows following the revelation of U.S. inflation figures falling below expectations, painting a favorable outlook for Bitcoin's performance and stability.

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