Crypto could benefit if Fed steps in to backstop US stock market: Analysts
CoinTelegraph·
60-second summary
Analysts suggest the US Federal Reserve may intervene to support the stock market, which could have a positive impact on the crypto market. The size and scope of the US stock market "gives policymakers a strong incentive to backstop major drawdowns," said Bitget Wallet COO Alvin Kan, implying potential stability for crypto assets.
The size and scope of the US stock market “gives policymakers a strong incentive to backstop major drawdowns,” said Bitget Wallet COO, Alvin Kan.