What should Bitcoin and Ethereum traders watch for before the Federal Reserve's interest rate decision?

It seems that the U.S. central bank is likely to cut interest rates on Wednesday, but it is unclear whether bankers will end quantitative tightening (QT) and what its potential impact on cryptocurrency markets might be, according to analysts speaking to Decrypt.

Quantitative tightening occurs when the Federal Reserve reduces the amount of money in the financial system by allowing bond holdings to shrink—pulling cash out of circulation to cool the economy and combat inflation. It is the opposite of quantitative easing (QE), when the Federal Reserve pumps money into the economy by buying bonds.

Cryptocurrency traders mock quantitative easing by pointing out that the Federal Reserve's money printer is working well as it prints more paper currency. However, if the Federal Reserve ends quantitative tightening, the assumed higher tolerance for inflation will create "favorable winds" for Bitcoin and other cryptocurrency assets, said Dr. Andre Dragosh, Head of Research in Europe for Bitwise, to Decrypt.

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