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Fundstrat CIO Tom Lee Predicts ‘Monster’ Gains For Bitcoin And Ethereum On Fed Rate Cut
['Steven Walgenbach', 'Updated']
InsideBitcoins.com
Join Our Telegram channel to stay up to date on breaking news coverageFundstrat CIO Tom Lee says crypto market leaders Bitcoin (BTC) and Ethereum (ETH) are poised to print “monster” gains if the Federal Reserve announces a widely anticipated interest rate cut this week.
Traders Anticipate Fed Interest Rate Cut As Trump Pushes For MoreLee’s predictions come as traders grow increasingly confident that the Fed will announce the first interest rate cut for the year this week.
Markets expect a 25 basis point cut, which would lower interest rates to between 4% and 4.25%.
Interest rate cut odds (Source: Polymarket)Those odds are echoed by the CME FedWatch tool, which shows that analysts see a 96.1% chance that rates will be cut in the next Fed meeting.
That’s as US President Donald Trump continues to pressure Fed Chair Jerome Powell for large interest rate cuts.
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