#The Fed’s Rate Cut: Will the Crypto Market See a Surge?

Bitcoin surges on Fed rate cut expectations, BlackRock urges caution
Riskier assets like crypto are likely to have increased appeal if the Federal Reserve pursues a 50 basis point rate cut, some say.
On Friday, the value of the world’s largest cryptocurrency by market capitalization jumped to its highest point since early September, reaching almost $60,000 in anticipation of the Federal Reserve’s upcoming interest rate cuts.
The increase in bitcoin’s price represented a spike of 2.5% on Friday, and showed the crypto changing course for September after a slow start to the month.
Despite cooling inflation, there is growing interest in slashing interest rates to alleviate pressure on the economy.
Riskier assets like crypto are likely to have increased appeal if the Federal Reserve pursues a 50 basis point rate cut – considered a major move by the central bank.
“While a 50 basis point cut by the Fed might signal deeper concerns to the markets, the Fed’s primary focus will be mitigating economic risks rather than managing market reactions,” said Markus Thielen, 10x Research founder
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