94.6% Chance of Rate Cut Expected, Impacting Crypto Market

Latest FedWatch data indicates a strong likelihood of a 25 basis point rate cut in October. This prediction is fueling optimism within the crypto market, with investors anticipating increased risk-taking behavior due to a potential shift from tightening policies. The CME’s FedWatch Tool reveals a 94.6% chance of such a rate cut, leading to speculation and market reaction. While specific commentary on these probabilities remains awaited, it’s clear that institutional buyers are already making strategic moves in the cryptocurrency space, with notable figures remaining silent on their predictions.