Bitwise Executive: Expectations for Further Fed Rate Cuts Intensify, Net Positive for Crypto Assets

ChainCatcher news, according to The Block, Bitwise's Head of Research for Europe, André Dragosch, stated: "If the Federal Reserve cuts rates by 50 basis points, the reaction in the crypto market could be positive, as this particular leading indicator has already shown that potential economic momentum in September may even have accelerated. I believe that in the coming months, the market will be driven more by expectations of rate cuts rather than the cuts themselves. Given the weakness of the U.S. economy and the impending recession, expectations for further rate cuts may intensify, and we anticipate this will have a net positive effect on Bitcoin and crypto assets."