Fed signals possible rate cuts in 2024, sparking recession fears and bitcoin volatility
- Fed minutes show interest rate cuts likely in 2024, seen as bullish for bitcoin
- Past data shows recessions tend to follow as Fed begins rate cut cycle
- Early stages of rate cuts often see brief dollar rally and risk aversion
- Bitcoin could see volatility if history repeats and recession looms after cuts
- Markets may be underestimating recession risk given steep prior Fed hikes