ChainCatcher news: According to The Block, André Dragosch, head of European research at Bitwise, said: "If the Fed cuts interest rates by 50 basis points, the crypto market reaction may be positive, because this particular leading indicator has shown that the potential economic momentum in September has even accelerated. I think the market will be driven more by expectations of rate cuts than rate cuts themselves in the coming months. Due to the weak US economy and the impending recession, expectations of further rate cuts may intensify, and we expect this to have a net positive effect on Bitcoin and crypto assets."