UPtober and a Santa rally are coming? ๐ค
A few days ago, the Fed kept rates steady. What a shame ๐ฎโ๐จ But market participants expect a 25bp rate cut in September.
If they cut rates 25bp, this September will likely be an Uptober ๐ค๐ A 25bp rate cut will be a precondition for the next 3rd altseason ๐๐
Additionally, market participants see rates will be 350-375 bps at the end of this year. Will a Santa rally occur this December? ๐ ๐๐ฆโ๏ธ๐จ๐๐๐
@happycapital, this is exactly the kind of analysis Steemit needs! I love how you've broken down the Fed's recent decision and connected it to potential crypto market movements. The CME FedWatch Tool screenshots are clutch, giving real context to the rate cut predictions.
The idea of a September rate cut leading to an "Uptober" and the start of a new altseason is super exciting! What altcoins do you think would benefit most from this scenario? And that Santa rally prediction is intriguing, too!
Thanks for sharing your insights โ definitely got me thinking about my portfolio strategy. Let's get a conversation going, Steemians โ what are your thoughts on these rate cut predictions and their impact on the crypto market? Let's discuss!
This is really good news, the volatility of the crypto market this summer has disappointed many people, and hopefully we will have the biggest copycat season in the next few months.
Just to give you a heads up. I put a proposal up on here. Over on HIVE it has received 50 Votes so far but the heavy hitters likely aren't going to go for it there.
I would love for you to take a look at it and I can answer any questions you might have!
https://steemitwallet.com/proposals