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3w ago

Crypto Rallies on Fed Cut Bets After Powell as September Odds Near 75–80%

Traders now assign roughly three-in-four odds to a September cut, putting incoming economic data in the spotlight.

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ETH leads, BTC steady, LINK hits $27 on September Fed rate cut optimism
Fed Chair
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Overview

  • Ethereum approached $4,834 as Bitcoin hovered near $117,000 and Chainlink hit about $27, with the move linked to rate-cut optimism after Powell’s Jackson Hole remarks.
  • CME FedWatch showed roughly 75% probability of a September cut, while analysts such as Jim Bianco pegged the odds near 80% but still contingent on data before the September 18 meeting.
  • Santiment flagged an 11‑month high in social chatter around “Fed” and “rate cuts,” warning that euphoric spikes can precede local market tops.
  • On-chain metrics were mixed, with cooling active addresses and higher exchange supply suggesting possible selling pressure even as some Ethereum indicators pointed to further upside.
  • Views diverged on what comes next, with some calling for an altcoin rotation if liquidity increases and others cautioning that a Fed hold or negative surprises could trigger a sharp pullback; Coinbase’s David Duong highlighted potential flows from large money market balances.