Bitwise Analyst Predicts Positive Crypto Market Reaction to Potential Fed Rate Cut

According to Odaily, Bitwise's Head of European Research, André Dragosch, has indicated that a 50 basis point rate cut by the Federal Reserve could lead to a positive reaction in the cryptocurrency market. Dragosch noted that this specific leading indicator has already suggested an acceleration in potential economic momentum for September. He believes that in the coming months, the market will be more influenced by the anticipation of rate cuts rather than the cuts themselves. Given the current weakness in the U.S. economy and the looming recession, expectations for further rate cuts may intensify. Dragosch anticipates that this will have a net positive impact on Bitcoin and other crypto assets.