Social Media Buzz on Fed Rate Cuts Signals Crypto Market Top?

A surge in online conversations about the Federal Reserve’s potential interest rate cuts is prompting a warning from Santiment. The firm suggests this increased chatter could signal a market peak, highlighting a historical trend of inflated bullish narratives before market corrections. This follows Friday’s cryptocurrency market rally following Fed Chair Jerome Powell’s dovish statements at the Jackson Hole economic symposium, where he hinted at a possible rate cut in September.