Interest rate cuts, DAT and sell-offs, has the crypto bull market peaked or is it still in its middle?

Written by: Ignas

Compiled by Luffy, Foresight News

As I write this, the biggest short-term uncertainty about cryptocurrencies is the trend of interest rates. The key points are two points: one is Powell's statement at the Jackson Hole meeting (Thursday, August 22), and the other is how the Fed will determine interest rates at the Federal Open Market Committee (FOMC) meeting on September 16-17.

If dovish signals are released→ 2-year US Treasury yields and the US dollar index will fall→ Bitcoin/Ethereum will rise
If there is a hawkish interest rate cut or keep interest rates high for longer→ risk assets are sold off, altcoins will plummet first

which is the conclusion of the ChatGPT 5 thinking model and Deepseek's Deepthink model. And many people on the X platform also hold the same view, which also explains the recent decline in altcoins.

To be honest, the dependence of...

23.39K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.