Crypto Market Reacts as Federal Reserve Likely to Cut Rates

The cryptocurrency market is experiencing significant shifts in response to the anticipated decision of the Federal Reserve regarding rate cuts. Key indicators suggest a growing trend toward diversification, with Ethereum ETF outflows shifting towards Solana. 99.4% probability points to a 25 basis point rate cut by the Fed. Experts attribute this shift to the increased adoption of decentralized finance (DeFi) and institutional investments in crypto.