Bitwise analyst: Expectations of further rate cuts by the Federal Reserve intensify, which is a net positive for crypto assets

André Dragosch, head of European research at Bitwise, said: "If the Fed cuts interest rates by 50 basis points, the crypto market reaction may be positive, as this particular leading indicator has already shown that the underlying economic momentum has even accelerated in September. I think the market will be driven more by expectations of rate cuts than rate cuts themselves in the coming months. Due to the weak US economy and the impending recession, expectations of further rate cuts may intensify, which we expect to be a net positive for Bitcoin and crypto assets." (Theblock)