Savvy Trader Ensures $500,000 Profit If The Federal Reserve Cuts 25 Or 50 Basis Points
Portfolio Pulse from Khyathi Dalal
A Polymarket trader, YatSen, has placed significant bets on Federal Reserve interest rate cuts, ensuring a $500,000 profit if rates are cut by 25 or 50 basis points. The market sees a rate cut as likely, with a 53% chance for a 25 bps cut and 47% for a 50 bps cut. Bitcoin and Ethereum are trading lower amid market caution.
September 18, 2024 | 4:54 pm
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Bitcoin is trading lower by 1.8% at $59,789 amid market caution due to uncertainty over Federal Reserve interest rate cuts.
The potential interest rate cuts by the Federal Reserve are causing market uncertainty, leading to a decline in Bitcoin's price as investors are cautious.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Ethereum is down 2.7% at $2,300, reflecting broader market caution as the Federal Reserve's interest rate decision looms.
Similar to Bitcoin, Ethereum's price is affected by the uncertainty surrounding the Federal Reserve's interest rate decision, leading to a decrease in its value.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50