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BTC $64,122.00 +1.48%
ETH $1,895.87 +0.21%
BNB $602.20 -0.13%
XRP $0.9939 -0.66%
SOL $75.37 +0.10%
TRX $0.3309 -0.28%
DOGE $0.0698 -0.28%
ADA $0.1719 -2.32%
BCH $203.00 -0.75%
LINK $9.40 -0.94%
HYPE $59.20 +1.21%
AAVE $87.95 +1.51%
SUI $0.6687 -0.82%
XLM $0.1560 -1.04%
ZEC $511.50 +3.83%

OKG Research: Expectations for Federal Reserve rate cuts rise, crypto market liquidity may迎来关键利好

2024-07-31 19:43:31

ChainCatcher news, according to the OKG Research analysis from OKChain, the Federal Reserve's interest rate decision to be announced at 2:00 AM (Beijing time) on Thursday is viewed by the market as the "final warning" for a rate cut. This Federal Reserve policy meeting will have a crucial impact on the liquidity situation of the crypto market in the second half of the year.

According to the latest data from CME FedWatch, there is a high level of consensus in the market regarding the expectation of a rate cut on September 18, with a 100% probability of a rate cut. Specifically, the probability of at least a 25 basis point cut is as high as 89.6%, while the probability of a 50 basis point cut has also risen to 10.1%.

Compared to the CME FedWatch data from July 16, recent traders' optimism regarding at least a 50 basis point rate cut by the Fed in September has significantly increased (from a 6.7% possibility to the current 10.1%). This change not only reflects the market's cautious attitude towards the economic outlook but also suggests that global financial markets, including the crypto market, may be entering a new round of liquidity easing.

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