Just saw the news that the White House economic advisor Hassett hinted that the Fed might cut interest rates next week.
If this news is confirmed, it’s no small matter for the crypto space. Bitcoin has been consolidating at a key level lately, and if the rate cut expectations materialize, the resulting liquidity release could give the market a strong boost. Major coins like SOL and XRP are likely to react as well, since macro changes have a pretty direct impact on the overall sentiment in the crypto market.
The Fed meeting next week is definitely worth keeping an eye on.
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Just saw the news that the White House economic advisor Hassett hinted that the Fed might cut interest rates next week.
If this news is confirmed, it’s no small matter for the crypto space. Bitcoin has been consolidating at a key level lately, and if the rate cut expectations materialize, the resulting liquidity release could give the market a strong boost. Major coins like SOL and XRP are likely to react as well, since macro changes have a pretty direct impact on the overall sentiment in the crypto market.
The Fed meeting next week is definitely worth keeping an eye on.