According to Odaily, 10x Research suggests that a significant rate cut by the Federal Reserve could indicate economic concerns rather than reassurance, potentially affecting risk assets including Bitcoin. Currently, traders estimate less than a 30% chance of a 50 basis points rate cut next week.
10x Research data indicates that if the Federal Reserve cuts rates by 50 basis points on September 18, the anticipated bullish liquidity easing cycle might negatively impact risk assets such as cryptocurrencies. A 50 basis points rate cut next week could signify heightened economic worries or a lag in addressing an impending economic slowdown, leading investors to reduce exposure to risk assets like Bitcoin (BTC) and stocks.
