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- Fed’s Michelle Bowman Hints at Two More Rate Cuts This Year — Markets React
Fed’s Michelle Bowman Hints at Two More Rate Cuts This Year — Markets React
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CoinGape Newsletter
October 14, 2025
Billionaire Elon Musk mentioned Bitcoin for the first time after many years, praising its true energy basis. The endorsement comes at a crucial time when the crypto market faces renewed major crash concerns. Traders respond immediately to Musk’s Bitcoin endorsement, causing a rebound in BTC price.
Fed Governor Michelle Bowman has commented on how many more rate cuts the FOMC could make this year. This comes as the crypto market prices in another Fed rate cut at the upcoming October FOMC meeting, while there is also the likelihood of another cut at the December meeting.
 October started out with the crypto market seeing impressive gains. However, the assets have encountered a downturn due to escalating trade war tensions between the United States and China. |  The XRP price has faced renewed downward pressure as the broader crypto market endures heightened volatility. Over the past week, most large-cap tokens have struggled to hold critical support zones, with Ripple’s native asset suffering sharper declines. Uncertainty surrounding investor confidence and whale movements has compounded the situation, keeping the token in a fragile state. |