Crypto Market Remains Under Pressure Despite Expected Fed Rate Cut

Recent news about the US Federal Reserve’s decision to cut interest rates in September has sparked optimism within the crypto community, but analysts caution that this move alone may not be sufficient to propel the market upward. While historically lower policy rates are expected to boost risky assets, current economic conditions pose a significant challenge. Government bond yields remain high, driven by factors such as inflation and rising borrowing costs across major economies. This creates an environment where investors find attractive returns in safe havens like government debt rather than riskier investments in cryptocurrencies. Consequently, the crypto market faces continued pressure, with the potential for subdued performance rather than a surge in demand.