Bitcoin Traders Brace for September Fed Rate Cut Decision

Crypto markets are poised at the edge of a pivotal moment, awaiting the Fed’s decision in September regarding interest rates. After months of anticipation surrounding potential cuts earlier this year, traders now anticipate an 85% chance of a rate decrease. 2023 is on the verge of a key turning point. In his recent speech at Jackson Hole, Fed Chair Jerome Powell hinted at a more measured approach, emphasizing that while monetary policy remains restrictive, shifts in growth and inflation risks could warrant adjustments. His cautious tone reflects market uncertainty, prompting traders to exercise caution.