CandleFocus

Polymarket traders see 99% chance of rate cuts this week

Author: Content Editor
Polymarket traders are heavily betting on a Federal Reserve rate cut this week, with odds at 99% for a 25 basis point reduction. Economists speculate a more aggressive 50 basis point cut, but the general consensus is for two cuts this year. The shift in interest rates is expected to impact Bitcoin, with lower rates potentially leading to increased liquidity and higher prices, but also short-term market volatility. A Bitfinex analyst predicts a 15-20% drop in Bitcoin prices following the rate cut. However, these predictions could be influenced by changing macroeconomic conditions. The last rate cut occurred in March 2020 due to the COVID-19 pandemic. An economist has also warned of a potential negative market reaction following the rate cut.

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