Jerome Powell, the Fed Chair, in his speech at Jackson Hole on August 22, hinted that the Fed might cut interest rates in September.
Now, weak U.S. jobs market data has increased the chances of not one, but at least two rate cuts in 2025.
This is why many banks have revised their earlier rate cut predictions and are now expecting a 50 to 75 bps cut before the end of the year.
Bank of America had long stood by its prediction that there would be no rate cuts in 2025. However, in a major U-turn, the bank now expects two 25 bps cuts this year – the first in September and the next in December.
The firm now sees a terminal rate of 3-3.25% (down from its earlier 3.5-3.75% forecast). Similarly, Citigroup is also predicting three cuts this year.
With rate cuts now looking almost certain, the crypto markets are buzzing again. Historically, interest rate cuts have been bullish for digital assets: borrowing becomes cheaper, risk-on sentiment increases, bond yields fall, the dollar weakens, and capital flows into crypto in search of higher returns.
If you’re planning to build a crypto portfolio, there may not be a better time. Here are some altcoins worth considering to take full advantage of the upcoming rate cuts.
Unlike Bitcoin’s main chain, which processes every transaction first-hand, $HYPER will act as a much-needed secondary fast lane.
It’ll handle thousands of requests on the side before sending a summary of all those transactions to the primary chain.
At the core of this Layer 2 is a decentralized, non-custodial canonical bridge.
By locking your Layer 1 Bitcoin and minting an equivalent amount of tokens on Bitcoin Hyper’s Layer 2, the bridge enables seamless interaction with SVM-powered Web3 applications.
These include DeFi trading apps, NFT marketplaces, lending and staking protocols, DAOs, and gaming dApps.
SUBBD is the newest (and potentially most game-changing) crypto-powered online subscription platforms available today.
It stands out as the first platform of its kind to integrate cutting-edge AI tools, including voice, video, image, and profile generators.
The biggest benefit? Helping creators dramatically reduce their workload. By automating much of the content creation process, SUBBD leaves creators with more time to directly engage with their audiences.
Even better, staking $SUBBD gets you a fixed 20% APY for the first year, along with access to creator livestreams, daily BTS drops, and exclusive content from SUBBD’s top talents.
Currently in presale, $SUBBD has already raised more than $1.1M, with each token priced at just $0.056375.
It’s a unique new cryptocurrency project ushering in a never-before-seen paradigm, one where meme coins evolve into full-blown engines of culture, value, and community coordination.
MemeCore introduces a novel Proof of Meme (PoM) consensus layer, designed to reward participants for both cultural contributions and on-chain activity.
Thanks to MemeCore’s Meme 2.0 revolution, the token has been a rockstar on the exchanges. It’s up more than 196% in just the last seven days, currently trading around $1.90.
With speculation about a Federal Reserve rate cut in September dominating crypto chatter, several banking giants have now added more fuel to the fire by suggesting there could be multiple cuts by year-end.
That said, none of the above is financial advice. Crypto investments are highly risky. Invest only after doing your own research.
