Fedrates
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CRYPTO MARKET SEES UPTICK AMID FED RATE CUTS AND BITCOIN RALLY
A 50 basis point Fed rate cut and a U.S. presidential candidate's first Bitcoin purchase boosted digital assets, with Bitcoin $BTC near $62,000, up 2.4%. Solana (SOL) surged 6%, while BNB, XRP, ADA, and memecoins like Dogecoin $DOGE and Shiba Inu (SHIB) saw gains up to 4.5%.
Mixed Market Reactions
While the rate cut sparked short-term optimism, experts like ByBit's Chris Aruliah and Arthur Hayes warn of economic challenges ahead, questioning the long-term impact of the cuts amid inflation concerns.
Rate Cuts Expected
Polymarket traders predict more cuts, with a 41% chance of a 100 basis point cut by year-end and smaller cuts likely in November and December.
Altcoin Rally
$Aleo jumped 14% after a Coinbase listing, and Sui $SUI and Fantom (FTM) also posted double-digit gains, while AI tokens continue to rise.
#MarketSentimentToday #Write2earn #CryptoMarketTrend #Altcoins #Fedrates
A 50 basis point Fed rate cut and a U.S. presidential candidate's first Bitcoin purchase boosted digital assets, with Bitcoin $BTC near $62,000, up 2.4%. Solana (SOL) surged 6%, while BNB, XRP, ADA, and memecoins like Dogecoin $DOGE and Shiba Inu (SHIB) saw gains up to 4.5%.
Mixed Market Reactions
While the rate cut sparked short-term optimism, experts like ByBit's Chris Aruliah and Arthur Hayes warn of economic challenges ahead, questioning the long-term impact of the cuts amid inflation concerns.
Rate Cuts Expected
Polymarket traders predict more cuts, with a 41% chance of a 100 basis point cut by year-end and smaller cuts likely in November and December.
Altcoin Rally
$Aleo jumped 14% after a Coinbase listing, and Sui $SUI and Fantom (FTM) also posted double-digit gains, while AI tokens continue to rise.
#MarketSentimentToday #Write2earn #CryptoMarketTrend #Altcoins #Fedrates
