According to BlockBeats, on September 11, TheBlock reported that Bitwise Chief Investment Officer Matt Hougan expects cryptocurrencies to rise sharply after the current macro uncertainty begins to dissipate in October and November. He said that “the market hates uncertainty, and there is a lot of uncertainty in the current market.”
At this stage, while the market generally believes that the Fed will cut interest rates, the probability of a 50 basis point cut in September has decreased. However, with Wednesday’s CPI data and the key Fed meeting next week approaching, the probability of a rate cut of more than 125 basis points by December has increased.
