Crypto markets prepare for Fed rate cut amid governor shakeup

The US Federal Reserve is expected to cut rates, which could prove a bullish signal for crypto markets.

As the US Federal Reserve prepares to adjust interest rates on Wednesday, a broader shake-up at the central bank could have serious implications for crypto markets.

The Fed is expected to cut interest rates tomorrow, in a move that traditionally signals a rally in crypto markets: Lower yields on assets like bonds mean riskier assets like crypto are more attractive.

The expected rate cuts come amid a political battle and a new appointment to the Federal Reserve. US President Donald Trump’s administration has charged Fed governor Lisa Cook with mortgage fraud as it seeks her removal. Meanwhile, the Senate has confirmed White House economic adviser Stephen Miran to the board of governors.

Read more