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The post Crypto Correction Looming? Examining the Role of Economic Indicators and Fed Policy appeared first on Coinpedia Fintech News
A prominent crypto analyst, Benjamin Cowen, is closely observing the potential impact of Fed rate cuts and upcoming economic data releases on the digital asset market, particularly Bitcoin and altcoins. He suggests the market could see a correction in the second quarter if the Federal Reserve initiates rate cuts in response to economic indicators, such as the March CPI and FOMC minutes scheduled this week. Looking at the market sentiments, analysts warn that a bigger correction is looming, troubling altcoins. 
Let’s dive in. 
Fed Rate Cuts To Trigger a Correction?
As Cowen explains, if altcoins (shown by the alt/Bitcoin pairs) start to lose value against Bitcoin, it could mean that recessionary pressures are rising. Altcoins may lose value compared to Bitcoin if this happens. When looking at the power of the altcoin market, he says it’

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