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According to Coindesk, 10x Research believes that if the Federal Reserve cuts interest rates by 50 basis points (bps) on September 18, the originally bullish liquidity easing cycle may have adverse effects on risk assets including cryptocurrencies.
It is reported that a 50 basis point adjustment usually indicates the urgency of controlling inflation and triggers risk aversion in the financial markets. A 50 basis point rate cut next week may mean intensified concerns about the economy, or a feeling of falling behind in addressing the upcoming economic slowdown, leading to investors reducing their exposure to risk assets such as Bitcoin (BTC) and stocks.
10x Research founder Markus Thielen said, "While a 50 basis point rate cut by the Federal Reserve may signal increased market concerns, the Fed's primary focus will be on mitigating economic risks rather than managing market reactions."