News

🔮 Arthur Hayes Predicts Crypto Crash from Fed Interest Rate Cuts

Crypto billionaire Arthur Hayes predicts Bitcoin and crypto crash from Fed interest rate cuts and recommends investing in these assets.

Crypto billionaire Arthur Hayes on Wednesday said Fed interest rate cuts will crash Bitcoin and the crypto market. The comments came at the major crypto event Token2049. The US Federal Reserve is expected to cut rates between 25-50 bps, with markets expecting a 50 bps cut amid slowing inflation and the labor market.

🔥 Why FOMC Could Propel Crypto Market Cap to $4T

Discover how the upcoming FOMC meeting could be the key to boosting the crypto market cap to $4 trillion. Explore the potential impact of fed interest rate cuts.

The upcoming U.S. Federal Open Market Committee (FOMC) meeting could be key in propelling the crypto market cap to $4 trillion. With the market eagerly awaiting the Fed’s decision on interest rates, the outcome could have significant implications for various asset classes, including cryptocurrencies. Amid the current economic volatility, the crypto market is especially sensitive to changes in interest rates, and a Fed rate cut could trigger a bullish run in the crypto space.

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Markets

📊 Crypto Prices Today September 18: BTC Tops $60K, Altcoins Mainly Mimic Gains

The crypto market today embarked on an upside movement as the FOMC approaches. BTC, ETH, & SOL prices rise while XRP struggles.

The crypto prices today have reverberated optimism among market watchers across the globe. Bitcoin (BTC) price pumped hard to cross $60K, whereas Ethereum (ETH) and Solana (SOL) followed, noting gains. However, XRP price today defied the broader market trend and traded in the red zone.

📈 Bitcoin Price Close Above This Will Trigger Rally to $70K, Will Fed Rate Cut Help?

Bitcoin price shows strength just before FOMC meeting as traders look hope for 50 bps Fed rate cut. Analysts remain divided on real outcome.

Just ahead of the FOMC meeting, the Bitcoin price has staged a strong recovery gaining over 4% in the last 24 hours and surging past $60,000 levels. The technical chart shows that BTC is on its way to a breakout from a channel pattern. All eyes are currently on the Fed rate cut announcement by Jerome Powell following hours from now. Banking giants JPMorgan and Goldman Sachs are expecting a modest beginning with a 25 bps interest rate cut.

🤔 How Will The FOMC Meeting And Interest Rate Cut Affect The Crypto Market?

The potential fed rate cut which is set to follow after the FOMC meeting will hugely impact the crypto market.

The US Federal Reserve is set to announce its interest rate decision following its FOMC meeting today. A Fed interest rate decision will undoubtedly be pivotal for the crypto market as it is expected to have a massive impact on crypto prices. Crypto prices already reacted ahead of this macro decision and could again experience high volatility after a rate cut announcement.