Reported 1 day ago
On September 17, 2025, the Federal Reserve announced a 25 basis point rate cut, aligning perfectly with predictions made by traders on the Polymarket prediction market, who forecasted a 91% chance of this outcome. Following the announcement, cryptocurrencies like Bitcoin, Ethereum, and XRP initially saw price increases before retreating. Polymarket, launched in 2020, allows users to predict various events using cryptocurrency and has seen over $188 million traded in relation to this rate cut, attributed to factors such as high inflation and job additions falling short in August.
Source: YAHOO