This week is significant for the US market as the Federal Reserve is expected to announce a 25bps rate cut. It will be the second rate cut of 2024 and experts believe it will have a positive impact on the crypto market. Since the previous rate cut, the entire crypto market has grown by 71.77%, with the market cap of smaller cryptocurrencies surging by 87.16%. Bitcoin and Ethereum have also seen growth in October and November. The upcoming rate cut is expected to further influence the crypto market. Additionally, key economic indicators like GDP and PCE Prices are set to be released, which could shape market trajectories.



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