Several significant events occurred in the financial market this week, including interest rate forecasts, major crypto industry deals, and market fluctuations.
Rate Predictions for 2025
Several financial institutions and analysts now expect the US Federal Reserve to cut interest rates at least twice in 2025. These predictions follow a weak August jobs report, which saw only 22,000 jobs added, against expectations of around 75,000. Analysts at Bank of America have reversed their long-held stance and now forecast two 25 basis point cuts, one in September and another in December. Goldman Sachs, on the other hand, is projecting three cuts of 25 basis points in 2025.
Trump’s Deals and Crypto Investments
Trump Media & Technology Group, the parent company of the Truth Social platform, has finalized an agreement with crypto exchange Crypto.com to establish a $6.4 billion treasury using the Cronos token. The deal is expected to allow Truth Social users to acquire CRO tokens as part of a rewards program. Additionally, Tron founder Justin Sun has urged World Liberty Financial to unlock his tokens, which were frozen after suspicious transactions were flagged.
Crypto Market: Winners and Losers
Latest data shows Bitcoin (BTC) at $110,822, Ether (ETH) at $4,304, and XRP at $2.81, with a total market cap of $3.81 trillion. Among the largest altcoin gainers this week is MemeCore (M) up 129.63%, and Story (IP) up 33.12%, while World Liberty Financial (WLFI) has dropped by 19.31%.
This week, financial markets showed significant fluctuations, including rate cut expectations and major corporate involvement in crypto investments. These factors may influence the future trajectories of both financial and cryptocurrency markets.
