Bybit Report Unveils Key Insights into BTC's Role Amidst Rate Cuts Cycle and U.S. Election

DUBAI, UAE, Sept. 18, 2024 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, in collaboration with BlockScholes, released a comprehensive report uncovering fresh insights into what the anticipated rate cuts cycle and the upcoming U.S. election could mean for crypto investors as they brace for volatility.

The latest report delves into the evolving role of Bitcoin (BTC) as a digital asset class, on-going market sentiments and dynamics, and potential impacts on price movements.

Key Highlights:

1. BTC's Evolving Role as a Macro Asset Defines Its Future Price Movements

The report highlights BTC's changing dynamics with risk-on assets. Since the introduction of BTC Spot ETFs in early 2024, BTC has shown a growing correlation with traditional risk-on assets, especially the S&P 500. This indicates increasing interest from institutional investors, positioning BTC in the broader macroeconomic landscape. The report suggests that BTC is increasingly being leveraged as a hedge against inflation, comparable to gold.

2. Whispers of Rate Cuts in the Air: Potential Impacts of Fed Decisions

The Federal Reserve is expected to implement its first rate cut since 2020, with a 50 basis point reduction, likely in September 2024. Historical data suggest that BTC and other risk-on assets showed resilience during non-recessionary rate cut cycles. However, aggressive rate cuts during recessionary periods typically result in negative market outcomes. Investors are advised to tread with caution, paying close attention to the broader economic context as the Fed continues to navigate its dual mandate of price stability and full employment. These developments have the derivatives market on its toes, with notable volatility premiums assigned to BTC options expiring in late 2024 and early 2025.

3. BTC Options Prices in Volatility Premium Post-U.S. Presidential Election

The upcoming U.S. election is poised to play a pivotal role in BTC's price movements. With the Republican party adopting a pro-crypto stance and the Democrats advocating for stricter regulations, BTC has emerged as a divisive topic in the political discourse. Historical trends indicate that BTC prices have been sensitive to political events, with the 2024 election likely amplifying volatility. Market positioning ahead of the November election reveals a bullish outlook for BTC, with premiums being priced into options expiring post-election.

Download the Full Report

For a comprehensive analysis and in-depth findings, download the full report here.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One's reigning Constructors' and Drivers' champions: the Oracle Red Bull Racing team.

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** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Bybit Report Unveils Key Insights into BTC's Role Amidst Rate Cuts Cycle and U.S. Election

SINGAPORE, Sept. 19, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), is pleased to announce the appointment of April Tam as Senior Underwriter, Professional Financial Risk (PFR) & Cyber and Head of Financial Institutions in Asia. This strategic hire is integral to advancing Markel's profile and reinforcing its leadership position in the PFR sector.

In her new role, Tam will be instrumental in strengthening Markel's Financial Institutions proposition in Asia. Working in collaboration with the regional underwriting team across Asia, Tam will focus on driving continued profitable growth of the company's PFR book and ensuring its scalability and diversification. She will also be responsible for forging strong relationships with insurance brokers, clients and partners in the region.

Tam joins Markel from Allianz Commercial, where she was most recently employed as Financial Institutions Practice Leader, Asia. Prior to joining Allianz Commercial in 2018, Tam gained expertise at Zurich Insurance Group. With more than 12 years' experience in Financial Lines underwriting, Tam brings a wealth of expertise, broker relationships and a proven track record to Markel.

Based in Hong Kong, Tam will report to Kevin Leung, Chief Underwriting Officer, Asia Pacific.

Leung commented: "I'm excited to welcome April to our team in Hong Kong. Her extensive experience and deep understanding of Financial Lines underwriting will be of huge importance as we continue to expand and enhance our PFR offerings. I'm confident that April's expertise and strong networks will significantly help to contribute to our strategic objectives and strengthen our position in the Asia market."

About Markel
We are Markel, a leading global specialty insurer with a truly people-first approach. As the insurance operations within Markel Group Inc. (NYSE: MKL), we operate the Markel Specialty, Markel International, and Markel Global Reinsurance divisions, as well as State National, our portfolio protection and program services operations, and Nephila, our insurance-linked securities operations. Our broad array of capabilities and expertise allow us to create intelligent solutions for the most complex risk management needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Markel appoints April Tam as Senior Underwriter, PFR & Cyber and Head of Financial Institutions, Asia