The excessive euphoria of the crypto market regarding the possible decrease in the interest rate of the US Federal Reserve (Fed) in September may not be justified and replaced by deep correction, said Santimenta onchain platforms.
According to experts, the mention of keywords related to the Fed and the expected decrease in bets reached the maximum 11 months after the performance of the chairman of the department Jerome Powell) on August 22 at the annual economic symposium in Jackson-Houl.
His statements caused hope for the first decrease in the interest rate in September, which was reflected in cryptocurrencies – they demonstrated growth, and investors returned to greed, analysts noted.
“Historically, such a mass surge in discussions around the only bull narrative about reducing the rate indicates that the euphoria on the cryptor has reached critical heights and signals a possible correction,” the platform report.
If the regulator does not take any action, then the cryptocurrency market awaits a significant decline, and it will be possible to wait for a significant influx of capital only in 2026, Santiment said.
Earlier, macro economist Harry Dent in a conversation with an entrepreneur and investor Robert Kiyosaki (Robert Kiyosaki) on the Rich DAD channel (“rich dad”) said that on three most important Bitcoin, NASDAQ 100 and NVIDIA – signs of the advancing collapse are noticeable.
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Source: Cryptocurrency
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