Analyst: The Federal Reserve’s expected interest rate cut in May may benefit the crypto market

According to The Block, André Dragosch, director of research at ETC Group, said that based on the current price of federal funds futures, market participants expect the Federal Reserve to begin an interest rate cut cycle in May, and the market has already priced in the possibility that the Federal Reserve will begin an interest rate cut in March. Dragosch expects that the crypto market may have a delayed reaction to the rate cut, with Bitcoin and other cryptocurrencies likely to suffer an initial sell-off until things improve in May.