CME FedWatch Data Signals 92.7% Rate Cut Probability

CME’s FedWatch tool indicates a 92.7% likelihood of a 25 basis point rate cut in September, potentially influencing U.S. monetary policy decisions.

This potential cut may impact Bitcoin and Ethereum pricing and market dynamics, reflecting broader crypto market anticipation of shifting monetary landscapes.

92.7% Rate Cut Likelihood Spurs Crypto Market Activity

Bitcoin and Ethereum Prices React to FedWatch Predictions

“Our FedWatch tool is essential for market participants to gauge the probabilities of Fed rate moves, but as of now, there are no specific comments on the probabilities stated.” — Terry Duffy, Chairman & CEO, CME Group

Bitcoin and Ethereum Prices React to FedWatch Predictions

Did you know? CME Group’s FedWatch probabilities have accurately predicted rate cuts before significant market adjustments, such as those in March 2023, drawing parallels to current market anticipations.

According to CoinMarketCap, Bitcoin (BTC) maintains a price of $116,753.78 with a market cap of 2.32 trillion USD. Exhibiting a 60.08% market dominance, Bitcoin reflects a 1.90% rise over the last 24 hours and a 13.25% increase over 90 days, supported by a circulating supply nearing its maximum of 21 million tokens. These figures highlight Bitcoin’s enduring significance within prevailing market conditions. The Coincu research team notes that rate cuts typically stimulate market enthusiasm, as evidenced by previous price upticks in BTC and ETH following similar announcements. This could encourage a shift towards risky investments as traders navigate potential changes in financial landscapes driven by central bank policies.

According to CoinMarketCap, Bitcoin (BTC) maintains a price of $116,753.78 with a market cap of 2.32 trillion USD. Exhibiting a 60.08% market dominance, Bitcoin reflects a 1.90% rise over the last 24 hours and a 13.25% increase over 90 days, supported by a circulating supply nearing its maximum of 21 million tokens. These figures highlight Bitcoin’s enduring significance within prevailing market conditions. The Coincu research team notes that rate cuts typically stimulate market enthusiasm, as evidenced by previous price upticks in BTC and ETH following similar announcements. This could encourage a shift towards risky investments as traders navigate potential changes in financial landscapes driven by central bank policies.