The surge in social media chatter around the US Federal Reserve September interest rate decision could signal trouble for crypto, says Santiment. Market sentiment shifted to greed after Fed Chair Jerome Powell hinted at a rate cut in September. Social media mentions of Fed and rate cuts are at an 11-month high, prompting caution.

Powell’s comments on adjusting monetary policy have led 75% of market participants to expect a rate cut in September. Crypto analysts are divided on the impact, with some seeing a rate cut as a bullish catalyst. Others warn that the crypto market may not immediately respond to a rate cut, citing potential short-term pressure.

Crypto trader Ash Crypto predicts trillions flowing into the crypto market after two rate cuts. He anticipates a parabolic phase where altcoins explode 10x-50x. However, 10x Research’s Markus Thielen cautions that a bullish impulse for Bitcoin may be premature due to recession fears. Hold off on rate cuts could trigger a broader crypto market downturn.

Read more at Cointelegraph: Fed Rate Social Media Mentions Surge Is A Red Flag For Crypto