Data from CME's 'FedWatch' tool, reported by BlockBeats, indicates a 98.3% probability that the Federal Reserve will implement a 25 basis point (bp) interest rate cut at its upcoming October meeting.
A rate cut is fundamentally bullish for the cryptocurrency market. Lower rates inject liquidity into the financial system, making money cheaper and more abundant. Investors seek better returns than low-yielding savings/bonds, prompting a flow of capital into risk-on assets like Bitcoin $BTC and #altcoins .
A rate cut typically weakens the U.S. Dollar, which often correlates positively with crypto prices.
If you are into #Altcoins👀🚀 and don't want take high risk, consider $BNB , $SOL and $ETH .
