Blockchain consultancy company Celebrus Advisory’s managing partner Edmund Yong said the expectations of easing in the interest rate cycle is generally positive for cryptocurrencies. — Reuters
PETALING JAYA: The increased expectations of smaller interest rate hikes or even rate cuts in 2023 globally has fuelled the rally in cryptocurrencies since the start of the year.
With inflation data cooling in many parts of the world, including Malaysia, and hence reducing the need for sustained aggressive tightening of the monetary policy, investors’ appetite towards risk assets such as cryptocurrencies has once again improved.
Already a subscriber? Log in.
Unlock 30% Savings on Ad-Free Access Now!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
