Mentions of Federal Reserve-related keywords and the anticipated interest rate cut have surged to an 11-month high, according to Santiment. This surge in social media chatter around the US Federal Reserve’s September interest rate decision could indicate a warning sign for crypto. A report from Santiment suggests that such spikes in discussion may signal excessive euphoria and a potential local market top. While optimism about a rate cut is giving a lift to the market, analysts remain divided. Some believe that rate cuts could be a bullish catalyst for cryptocurrencies, while others caution that immediate benefits may be limited. A prominent crypto trader predicted that a rate cut could herald a significant influx of capital into the crypto market, potentially leading to substantial altcoin gains. However, there are warnings that the crypto market may not respond positively in the short term, impacted by recession fears. Overall, the market sentiment varies, with some strategists advocating for caution amid heightened expectations surrounding Federal Reserve actions.

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