Rate Cut Odds Don Shoot After Powell, Eppo BTC and ETH Dey Up
Federal Reserve Chair Jerome Powell don hint small change to cut interest rate gently, wey make market go from 57% to 78% for September rate cut chance for Polymarket. Market sharp sharp react. Bitcoin (BTC) jump from under $112,000 reach pass $117,000, Ethereum (ETH) and BNB come set new highs. Traders dey look sharp for next FOMC meeting, everybody dey expect 25 bps cut. Expert Marcin Kazmierczak from RedStone talk say small Fed easing fit give ETH edge, fit break $4,800–$5,000 resistance. But Powell still dey wait for real data, so any rally must get real adoption behind am. The new rate cut chance show say demand for risk asset don increase and e sharp show say volatility fit increase ahead.
Bullish
Powell shift wey dey go rate cut before dey always make risk asset dey increase. Before wey dem reduce rate, crypto dey rally as liquidity dey increase and borrowing cost dey fall. The increase for rate cut chances show say traders dey expect say monetary policy go soft, this one go boost BTC and ETH. For short term, dis kain thinking fit make prices go up more and e fit cause wahala around FOMC announcement. For long term, if rate low steady e fit make people dey put more money for crypto, especially if adoption metrics better. But Powell talk say everything dey depend on data, e mean say fundamental adoption go important to keep the momentum after all the speculative moves.