Reported 1 day ago
With the upcoming Federal Open Market Committee meeting on September 17, prediction markets now indicate a potential 50 basis-point interest rate cut, reviving optimism among cryptocurrency investors. Recent data, including lower-than-expected PPI figures, has shifted market expectations, promoting stronger interest in risk assets like cryptocurrencies. Bitcoin and other altcoins are already responding positively, with analysts suggesting that this cut could spur an 'altseason' in the market.
Source: YAHOO