Best Crypto to Buy Now September 16 – Bitcoin, Popcat, Fantom
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
With major cryptos under pressure on Monday and market sentiment nervous ahead of the Fed’s interest rate decision on Wednesday, investors are taking the time to consider what might be the best crypto to buy now.
Markets are nervous because the Fed could soon initiate a rate-cutting cycle with a 50bps cut.
And this could trigger investor fears that the US central bank could be worried about an impending recession, hence the rush to lower interest rates.
BREAKING: Prediction markets are now pricing-in a 48% chance of a 50 basis point Fed rate cut this week.
Odds of a 50 basis point rate cut have gone from 2% to 48% in just 5 days, according to @Kalshi.
This will be the first Fed policy decision without a 90%+ consensus since… pic.twitter.com/FKUZTA090f
Bitcoin (BTC) was last trading lower by about 3% in the past 24 hours, near $58,000, per CoinMarketCap.
Ethereum (ETH), BNB (BNB), Solana (SOL), and Dogecoin (DOGE) were each down 3-5% over the same time period.
If the Fed does choose to cut interest rates by 50bps on Wednesday, the market could interpret this as an admission that they should have cut rates back in July or that their overly tight policy is raising recession risks.
Amid all the worries about a potential US recession in the wake of a potential Fed policy mistake, investors are weighing up what might be the best crypto to buy right now.
In times of fear, good cryptos often go on sale, and brave dip-buyers who can HODL through some volatility often book big gains.
So, which could be the best crypto to buy now?
Bitcoin is
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