Fed’s Bostic Sees Only One Rate Cut in 2024 — Here’s Why It Matters for Crypto
Atlanta Fed President Raphael Bostic reaffirmed expectations of just one interest rate cut this year — in line with prior Fed guidance. While this may seem subtle, it’s significant for the markets, especially crypto.
When rate cuts slow down, it tends to create short-term turbulence for digital assets like Bitcoin and Ethereum. Historically, hawkish monetary policy (less easing) has pressured risk-on assets, and Bostic’s comment reinforces that trend.
No major crypto KOLs have weighed in yet, but community sentiment is split. Some are cautious, worried about renewed volatility across the board.
As of now:
• BTC is trading at $107,518, with a $2.14T market cap and 64.24% dominance.
• 24H volume has surged 28.46% to $42.75B.
• BTC is up 4.47% in the past week and 26.43% over 90 days.
The data reflects one truth: crypto remains extremely sensitive to U.S. monetary policy. Back in 2018, fewer-than-expected rate cuts from the Fed led to sharp declines across the crypto market — and we could be setting up for a similar dynamic.
Stay sharp. Monetary policy is still one of the most powerful forces shaping crypto cycles
