Fed Hints At Delayed Rate Cut Crypto Bull Run Hits Roadblock
The recent release of the U.S. Federal Reserve’s FOMC minutes has introduced uncertainty into the cryptocurrency market, potentially slowing the pace of the ongoing bull run. The Fed kept interest rates unchanged at 4.25% to 4.5%, a decision widely anticipated by the market. However, the cautious tone from Fed Chair Jerome Powell during the subsequent press conference has led investors to significantly reduce their expectations for a rate cut in September [1].
Prior to the announcement, the probability of a September rate cut was at 63%. That number has since dropped to 40%, marking a sharp decline in the optimism that had previously supported the crypto market [1]. Powell emphasized that the Fed is not making decisions in advance and…
