The US Fed is anticipated to reveal a 50 basis points rate cut at their forthcoming meeting, aligned with the essential US Job data released this week.
As per Citi analysts, the US non-farm payroll data is projected to indicate an addition of 125,000 jobs in August, alongside an unemployment rate standing at 4.3%.
This data is considered crucial for economic forecasts and its implications could significantly impact the cryptocurrency market, with Bitcoin and altcoins expected to rally.
The post originally appeared on CoinGape.
