The cryptocurrency market is set to enter the fourth quarter of the year with high expectations, as historically, Q4 has been favorable.
US Unemployment Rate and Rate Cuts: A rate cut is positive for the crypto market, as it encourages investors to choose riskier assets like cryptos over safer assets like bonds. A weak job market may lead to further interest rate cuts, boosting the crypto market.
European Financial Uncertainty: Falling energy prices and potential rate cuts in European economies may weaken the Euro, increasing the chance of European investors opting for cryptocurrencies.
China's Economic Stimulus: China's economic crisis and announcement of a stimulus package can impact the global economy. In a thriving global economy, the crypto market will benefit.