Polymarket Predicts 8% Probability of a 50 Basis Point Fed Rate Cut This September

A recent surge in probability for a 50 basis point Federal Reserve rate cut on Polymarket, a decentralized prediction platform, has sparked interest in crypto markets. The anticipated move affects Bitcoin and Ethereum as traders re-evaluate the U.S. monetary policy landscape. As Polymarket indicates an 8% chance of such a cut in September, it signals a potential shift in market expectations. This change impacts financial markets, especially those tied to interest rates like cryptocurrencies. A possible rate cut could lead to increased volatility in these asset classes due to the sensitivity of BTC and ETH to changes in interest rates.