Main to remember:
The crypto market rallied positively ahead of the Fed rate decision. Global market cap increased, led by Solana, Cardano, Ripple, Ethereum, and Bitcoin. Hyperliquid and ChainLink also saw gains. Expectations of lower rates fueled optimism, with CME data showing bets on a 25 basis point reduction. Institutional investors showed renewed interest, particularly in BTC ETF spots. Next focus is on the US Consumer Price Index data on September 11.
Fed rate drops fuel crypto rally:
Tom Lee believes lower rates will boost business confidence and impact stocks and crypto positively. Market sentiment is optimistic, with CME data showing expectations of a rate cut. The upcoming IPC release in the US on September 11, a key inflation gauge, could influence further market volatility.
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