The post Crypto Whales Pour Millions In Pepe, Pepe Unchained Before September Rate Cuts appeared on BitcoinEthereumNews.com.

DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold’s editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please . Crypto whales are on a buying spree, with Bitcoin, Pepe and new meme coins like PEPU in the highest demand.  The trend indicates that a bull market could be on the horizon. After all, the US Federal Reserve is set to start an aggressive quantitative easing in September, a decidedly bullish scenario for the crypto market.  Whales Stack Pepe, BTC Seasoned traders aren’t fazed by the choppy price action in the cryptocurrency market. They have been using all dips as buying opportunities to scale into long positions.  For instance, data from Lookonchain reveals that a whale invested over $2 million into the Pepe coin and an additional $391k into Worldcoin (WLD).  This comes on the heels of another whale buying over $130 million worth of Bitcoin in 5 days.  All indicators point to these smart money investors preparing for the next bull run, and for good reason.  The US Federal Reserve is set to cut interest rates aggressively beginning in September. In fact, the CME FedWatch is showing a growing likelihood of a 50 bps rate cut in the upcoming FOMC meeting on September 18th.  Citi analysts are also projecting a 50 bps rate cut this month, believing that the soft August jobs report and unemployment data would force the Fed to adopt a strong dovish stance. Deutsche Bank analysts agree with this macro thesis.  SIGNS OF COOLING U.S. LABOR COULD KEEP 50BP FED CUT POSSIBLE: DEUTSCHE BANK An unemployment rate of 4.2% or 4.3% with payroll gains around 130,000 to 150,000 in the U.S. August payroll report on Friday should consolidate…

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Filed under: News - @ September 4, 2024 7:18 am