Cryptocurrency Market Expected To Surge After Macroeconomic Uncertainty Eases

According to Odaily, Bitwise Chief Investment Officer Matt Hougan anticipates a significant rise in cryptocurrency prices once the current macroeconomic uncertainties begin to dissipate in October and November. Hougan noted that markets generally dislike uncertainty, and the present environment is filled with it. While there is a widespread belief that the Federal Reserve will cut interest rates, the likelihood of a 50 basis point cut in September has decreased. However, with the upcoming Consumer Price Index (CPI) data release on Wednesday and a crucial Federal Reserve meeting next week, the probability of a rate cut exceeding 125 basis points by December has increased.