Crypto Market Awaits Fed Decision, Derivatives Surge Ahead of Potential Rate Cut

The cryptocurrency market is closely watching the Federal Reserve’s potential interest rate cut in October. With a 96.7% probability according to CME’s FedWatch tool, such a move could have significant impact on financial markets globally. Increased anticipation for this action has led to heightened trading activity across various cryptocurrencies, like Bitcoin and Ethereum, potentially attracting short positions and influencing the overall market dynamic.