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Image Credit: Cryptonews

Most Traders Still Believe in 4-5 Rate Cuts in 2024, As Crypto Awaits Fed Announcement

  • Polymarket traders predict a 99% chance of a 25 basis-point Federal Reserve rate cut on September 18.
  • Bitfinex suggests that a 50 bps rate cut could lead to a long-term correction in Bitcoin's price.
  • Crypto community believes in a more aggressive 50 basis-point cut, which could boost risk assets like Bitcoin.
  • Polymarket accumulates nearly $1B in bets for the winner of the US 2024 presidential election.

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