10X Research: The Fed’s 50 basis point rate cut may boost risk assets such as Bitcoin

According to 10x Research, a sharp rate cut by the Federal Reserve could signal concerns about the economy rather than reassurance, which would affect risk assets including Bitcoin. Traders currently see less than a 30% chance of a 50 basis point rate cut next week. According to 10x Research, if the Federal Reserve cuts interest rates by 50 basis points (bps) on September 18, the so-called bullish liquidity easing cycle could have an adverse impact on risk assets including cryptocurrencies. A 50 basis point rate cut next week could mean heightened economic concerns or being behind the curve in responding to an impending economic slowdown, causing investors to scale back their exposure to risk assets such as Bitcoin (BTC) and stocks. (Coindesk)