{"content":"What Bitcoin, Ethereum Traders Should Watch Ahead of Fed Rate Decision The U.S. central bank seems almost certain to cut interest rates on Wednesday but it’s unclear whether bankers will end quantitative tightening (QT) and what its impact might be on crypto markets, analysts told Decrypt. QT is when the Federal Reserve reduces the amount of money in the financial system by letting its bond holdings shrink—pulling cash out of circulation to cool the economy and fight inflation. It’s the opposite of quantitative easing (QE), when the Fed pumps money in by buying bonds. Crypto traders mock quantitative easing by referring to the Fed’s money printer going brr as it prints more fiat currency. But if the Federal Reserve ends quantitative tightening, the implied higher tolerance for inflation would create a “tailwind” for Bitcoin and other crypto assets, Dr. Andre Dragosh, head of research in Europe for Bitwise, told Decrypt. At the time of writing, Bitcoin was trading flat, right around $114,850 after having lost 0.1% in the past 24 hours, according to crypto price aggregator CoinGecko. And Ethereum has fallen slightly, 2.2%, in the past day. But ETH has also remained above $4,100, 2.7% higher than a week ago. Analysts believe that investors have already priced in a rate cut, which historically has helped crypto and other risk-on assets. $BTC {spot}(BTCUSDT) #APRBinanceTGE ","images":[],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}