Crypto Bulls Cheer as Fed Pivot Hopes Rise and Quantitative Tightening Nears Its End
Prediction markets are pricing in a 98% chance that the Federal Reserve (Fed) will deliver a 25 basis point rate cut at its late October meeting. Meanwhile, there is also speculation that the central bank may also soon signal an end to quantitative tightening (QT).
Crypto traders are watching closely, drawing comparisons to the 2019 liquidity surge that boosted Bitcoin and sparked hopes for another strong rally in November.
The upcoming Federal Open Market Committee (FOMC) meeting is highly anticipated in traditional and digital asset markets. Investors are looking for indications of a policy shift.
Reducing interest rates and ending QT could boost financial system liquidity, which…
