Morgan Stanley’s latest forecast predicts the Federal Reserve will maintain current interest rates through 2025, marking a significant shift from earlier predictions of multiple rate cuts. This new outlook raises questions about its impact on cryptocurrency markets. Notably, analysts at Morgan Stanley and Bank of America expect no rate cuts until at least 2026, highlighting the potential for continued economic stability despite recent market volatility. The article delves into the implications for Bitcoin (BTC), Ethereum (ETH), and DeFi governance tokens, exploring historical data showing flat crypto performance during previous Federal Reserve pauses. Experts anticipate institutional investors to remain cautious with high interest rates in place. However, the current prediction may significantly alter market sentiment, potentially impacting both stablecoin flows and institutional allocation patterns.