Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13284
Markets: 100679
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13284
Cryptocurrencies
62.39%
Bitcoin Share
ZyCrypto 2025-04-08 05:48:37

Here’s How Goldman Sachs Projection Could Impact Bitcoin Price

Here’s How Goldman Sachs Projection Could Impact Bitcoin Price

Investment banking giant Goldman Sachs has increased the odds of a recession in the United States. The bank, along with other institutional giants, also backed more policy rate cuts by the Federal Reserve in response to the economic downturn. Several analysts expect Bitcoin’s (BTC) price to climb after a dip below $80k. Fed Rate Cuts To Boost BTC Price According to the Goldman Sachs forecast, the Feds will lower interest rates by 25 basis points in each meeting three times. This aligns with similar sentiments on Wall Street, which also calls for lower rates. Wells Fargo Investment Institute and JP Morgan raised expected rate cuts to three. JPMorgan has previously tipped two cuts, with policy rates falling to 4.25%. Overall, most firms gauged 116 basis point cuts, highlighting a reduction in at least four of five Fed meetings. This projection is a major positive for the crypto market, as fund flows to risky assets are expected. On the other hand, rate hikes see investors move funds out of these assets, with the Feds seeking to lower inflation. Several interest rate cuts will fuel a market recovery coupled with signs of growing institutional demand. Recent events like the approval of spot crypto ETFs have heightened tradfi participation. A move to lower rates now will see Wall Street gravitate towards the market. This scenario occurred in 2024 following global policy rate cuts after central banks posted cooling inflation. It should be noted that the heated macro continues its correlation with crypto prices. Bitcoin trades at $79,688 at press time, plummeting over 6% in the last 24 hours. The wider market also fell over 5%, lowering the market cap to $2.47 trillion. Bitcoin bulls currently set their sights on an institutional-driven rally to $90k. Is A United States Recession Imminent? President Trump’s sweeping tariffs have impacted global trade, negatively affecting U.S. stocks. This low confidence triggered massive outflows, with investors taking huge losses. Following recent economic woes, Goldman Sachs raised the odds on the possibility of a U.S. recession to 45%. This marks the second raise in a week as economists project the effect of the tariffs. Last week, the bank raised its recession estimate from 20% to 35%. Meanwhile, JPMorgan places the odds at 60%, citing inflation and other factors as effects of the widespread tariffs. This comes as firms lower their U.S. economic growth forecast for 2025.

Most Read News

https://www.digistore24.com/redir/325658/ceobig/
Market Cap
24h Vol
62.39%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.