Crypto Markets Ready To Rally on Powell’s Dovish Tone, But China–US Deal Talks Cloud Outlook

Most analysts expect Federal Reserve Chairman Jerome Powell to announce more rate cuts. | Credit: Harnik/Getty Images. Key Takeaways The crypto market is searching for a catalyst after the largest liquidation event in history. Fed Chair Powell’s dovish comments raise expectations of a rate cut before the end of October. A U.S.–China trade standoff continues to cloud market sentiment. The crypto market is still reeling from last week’s record $19 billion liquidation wipeout. Bitcoin (BTC) and Eth ...