Will a 67% Chance of Fed Rate Cut Boost Bitcoin?🚀🚀 🚨🚨Bitcoin Awaits Fed's Big Rate Cut Amid Crypto Stability ⚠️
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💥Bitcoin is holding strong around $58,480 as traders prepare for potential moves in the crypto markets. Investors are watching closely as the Federal Reserve is expected to announce a possible interest rate cut on September 18. There's now a 67% chance of a 50 basis point (bps) reduction, a big jump from the 25% likelihood a month ago.
🚀🚀Many experts believe this could positively impact risk assets like Bitcoin, which has remained relatively flat over the past 24 hours. Other cryptocurrencies like XRP, SUI, and FTM have seen slight increases, with Fantom (FTM) jumping 10.5% ahead of its upcoming rebrand to Sonic.
With the Federal Open Market Committee (FOMC) meeting just around the corner, traders are eager to see how these potential rate cuts will affect the broader financial landscape. Bitcoin exchange-traded funds (ETFs) have already attracted $12.9 million in daily inflows, showing strong interest despite the quiet market.
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