Crypto Momentum Fueled by Potential Fed Rate Cuts

The U.S. dollar weakened recently, influenced by anticipated Federal Reserve rate cuts. This decline may attract investors to cryptocurrencies as they typically experience increased capital inflows during looser monetary policy. The potential December rate cuts have been fueled by disappointing economic data and recent forecasts for a decrease in the benchmark interest rate. This news has also affected the U.S. dollar, which is experiencing a five-week low.