Just crossed with this Tweet talking about rate cuts prediction
Looks like according to prediction market Polymarket, an app in Polygon, there is now a 98% chance that the Fed will hold interest rates steady on June 18. No cuts, no hikes, just vibes and hawkish patience.
Now, how this could affect Ethereum and the rest of the crypto space? Well, no rate cuts is equivalent to no panic and less volatility. Markets hate surprises. If the Fed stays put, it confirms what investors already priced in which creates a more stable macro backdrop.
Furthermore, ETH loves predictability. With Ethereum ETFs out there it should be enough caffeine. A non event FOMC means institutional money can keep flowing in without fear of sudden macro shocks. Less macro drama is equal to more focus on fundamentals and ETH narratives.
Even if we are not getting cuts yet, just knowing the Fed is not tightening the screws further keeps risk appetite alive. That is good for ETH, altcoins and DeFi and pretty much everything that lives on chain.
But we don't have to forget that all of this can drastically with other events. We don't have to forget that today China and US have a meeting regarding tariffs in London. Furthermore, even if it is funny, Trump is going to have a call with Elon that could trigger something in the market too. Everything sums up.
What are your plays heading into June 18?
Source: https://x.com/thomson_coz/status/1931956917938888914
