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92.7% Rate Cut Likelihood and Its Impact on Cryptocurrency Market

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by Giorgi Kostiuk

3 hours ago

A discussion about the likelihood of a U.S. rate cut in September and its potential impact on the cryptocurrency market.

Rate Cut Probability

CME's FedWatch tool indicates a 92.7% likelihood of a 25 basis point rate cut in September, potentially influencing U.S. monetary policy decisions.

Market Reaction to FedWatch Predictions

The anticipated cut may affect Bitcoin and Ethereum pricing as the cryptocurrency market expects changes in financial conditions. "Our FedWatch tool is essential for market participants to gauge the probabilities of Fed rate moves, but as of now, there are no specific comments on the probabilities stated," - said Terry Duffy, Chairman & CEO of CME Group.

Overall Market Insights

Currently, Bitcoin is priced at 116,753.78 USD with a market cap of 2.32 trillion USD. Market participants note that rate cuts typically stimulate enthusiasm in the market, suggesting a shift towards risky investments that could lead to price increases for BTC and ETH.

Predictions for a September rate cut based on the FedWatch tool highlight current market fluctuations and increased interest in riskier assets.

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