Today’s anticipated reduction in the federal funds rate could "trigger" additional upside in cryptocurrency prices.

The potential fed rate cut which is set to follow after the FOMC meeting will hugely impact the crypto market.

The Federal Reserve’s recent decision to cut interest rates by half a point has raised questions about its potential impact on both traditional financial markets and cryptocurrencies. Roundtable anchor,

The global crypto market turned green after a long period of anticipation building around the expected Federal Reserve rate cuts. The cumulative crypto market cap gained by almost 3% over the last day to stand at $2.

The crypto market awaits the FOMC meeting and Powell's speech, with soaring bets on a 0.5% US Fed rate cut fueling optimism over a potential recovery.

Joe McCann, CEO of crypto hedge fund Asymmetric, believes a large interest rate cut by the U.S. Federal Reserve would benefit crypto markets.