Crypto market perks up as Fed officials hint it’s cutting season

Federal Reserve Governor Christopher Waller has expressed support for a potential interest rate cut in December, as the crypto market anticipates significant fluctuations in response to changing economic conditions. Current odds for a rate cut remain below 70%, but Waller's advocacy highlights concerns about the labor market, which aligns with the Fed's dual mandate of maximizing employment and stabilizing prices.

A wave of significant U.S. inflation and jobs reports is expected this week, prompting traders to brace for potential volatility in stocks and cryptocurrencies as Federal Reserve policy expectations come into focus amid declining liquidity.

Lyn Alden has indicated that the current conditions in the crypto market do not suggest an imminent major capitulation, as the market has not reached euphoric levels. This perspective comes amid ongoing volatility and price corrections affecting cryptocurrencies like Bitcoin and Ether.

Lyn Alden has indicated that the current conditions in the crypto market do not suggest an imminent major capitulation, as the market has not reached euphoric levels. This perspective comes amid ongoing volatility and price corrections affecting cryptocurrencies, particularly Bitcoin, which is experiencing significant downturns and unrealized losses among corporate treasuries.

CME futures and betting markets are indicating a potential quarter-point interest rate cut by the Federal Reserve in December, aligning market expectations with the central bank's monetary policy outlook. This development comes as traders adjust their positions in anticipation of changes in interest rates that could impact economic conditions.

Ron Paul and Chris Rossini, hosts of the Liberty Report, have expressed concerns that the Federal Reserve's monetary policies, described as 'fantasy money', are contributing to an unsustainable AI bubble. They argue that this artificial inflation of asset prices could lead to significant economic repercussions.

XRP has faced a significant sell-off, with major whale wallets offloading nearly 200 million XRP, valued at approximately $400 million, within 48 hours. This sell pressure has contributed to a 10.32% decline in XRP's price, dropping below the crucial $2 psychological level. The market sentiment remains bearish, exacerbated by the influx of sell-side liquidity from wallets holding between one million and ten million tokens.