The Fed doubles the chances of rate hikes, and cryptocurrencies rise sharply - Bitcoin traders pay attention to rate hikes 50 basis points
Source: CoinWorld
Time: 2025-09-08 23:17:19
Standard Chartered Bank expects the Fed to cut interest rates by 50 basis points this month, and expectations of Bitcoin price [summer] rise. Previously, employment data in August was weak, with only 22,000 jobs increasing, far below the expected 75,000. The unemployment rate rose to 4.3%, prompting a shift in Fed expectations and boosting sentiment in cryptocurrency markets. Bitcoin traders turned bullish, options open contracts increased, while altcoins soared due to improved risk appetite and expected liquidity relaxation.