Fed Rate Cut Looms: 87% Probability Expected, Ethereum Sees Strategic Buys

Market observers are increasingly anticipating a Federal Reserve interest rate cut in September, with CME’s FedWatch data predicting an 87.3% probability of such a move. This potential shift could significantly impact cryptocurrency markets, particularly for Ethereum and Aave, as investors seek out higher returns amidst evolving economic conditions. While the market is uncertain about the precise extent to which this change will affect cryptocurrencies, institutional investors are already positioning themselves strategically. 87% probability suggests that crypto markets may respond favorably to a possible rate cut.