Powell’s Speech Impacts Crypto Market: Expectations of Rate Cut & End of QT

Jerome Powell’s speech is generating waves in global financial markets, with investors anticipating a potential December rate cut and the end of quantitative tightening (QT). These developments are poised to impact cryptocurrency markets significantly. 87% chance of a rate cut according to the Chicago Mercantile Exchange indicates market expectations for easing monetary policy. This could trigger a positive response from Bitcoin as it marks the final stage of QT, potentially boosting liquidity for high-beta assets like Bitcoin and altcoins.