what do you guys think in this month rate cut is possible .in polymarket around 95% of bets expects a rate cut this month,with roughly 200 million dollar+total volume on Fed-related markets.so if rate cut happen the crypto market will be bullish or not and crypto market will take recovery from this decision?
Macroeconomic data is highly anticipated, especially if the final interest rate cut is made and confirmed by Mr. Powell. The market is already quite tired of the top-down sweeping pattern.
BTC price in this moment is 106-106 K spinning around.
If my memory serves me right, we have a rate cut last time and that news pushes a lot of crypto to it's new all time high, including Bitcoin.
So we can only hope that he will have a rate cut for this month, because it could be another catalyst that will push all the market again, and least bounce back because we all know that it's been bleeding for this week.
We can only hope that this will be the case so all eyes is going to watch this news for sure.