Today is the day we’ve all been waiting for—September 18th, when the Federal Reserve (FOMC) will announce its decision on interest rates. This could shake up the markets, especially as we gear up for the next phase of the crypto bull run.
Here’s what we know: There’s been a shift in expectations for the rate cut. Originally, there was a 37% chance of a 25-basis point cut, but now there’s a 63% chance of a bigger 50-basis point cut. Some politicians are even pushing for a 75-basis point emergency cut, but that seems unlikely since the stock market is still climbing. Ahead of the big event, on Crypto Banter’s Kyle Doops Show, the analyst listed a few altcoins that could make big moves.
The analyst said that if Ethereum manages to break above $2,443 in the ETH/USD pair, this would signal a potential change in structure. The market is forming a possible higher low, which suggests that a bullish move could be on the horizon.
ThorChain’s (RUNE) founder recently received approval to run a fully licensed fund with self-custody for RUNE. This development is important as it allows for fund management and node operation in a decentralized manner. He is looking at a potential W-formation in the price chart, which could lead to higher targets around the $6 level. RUNE is considered one of the top contenders for the next phase of the market cycle.
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