**Crypto Markets Eye Fed Rate Cut Decision**

Crypto enthusiasts, brace yourselves! The Federal Reserve is gearing up for a crucial interest rate cut on Sept. 18, with the current rate at a 24-year high of 5.5%. Joe McCann, CEO of Asymmetric, suggests a 50 basis point cut could be a game-changer for risk assets, including crypto. The CME Fed Watch tool shows a 65% chance for this larger cut, while a 25 basis point cut has 35% odds.

McCann warns that a smaller cut might hit equities hard, dragging crypto down too. However, a 50 basis point cut could reignite risk-on sentiment. Saad Ahmed from Gemini believes the market has partly priced in the cut but sees potential for a breakout.

Stay tuned as the Fed's decision could set the stage for crypto's next big move!