The Federal Reserve (Fed) is expected to commence its rate-cutting cycle next week. This move has the potential to influence risk assets, including Bitcoin.
According to 10x Research, an aggressive 50 basis point rate cut could indicate economic concerns. Such a scenario might lead investors to reduce their exposure to cryptocurrencies and stocks.
While traders currently perceive the likelihood of this aggressive rate cut to be less than 30%, the very prospect could affect market sentiment.
