Crypto Market Outlook Post-Fed Rate Cut: Mixed Signals for Bitcoin, Ethereum, and Solana
Following the recent Federal Reserve rate cut, cryptocurrency prices have broadly declined amid uncertainty. Traders at Myriad are split on Ethereum’s (ETH) next direction, with near-even odds of a significant rise to $4,000 or a drop to $2,500. ETH is currently trading around $3,203, down 5.3% over the past 24 hours. The probability of a pump has decreased by approximately 9%. Tom Lee of BitMine Immersion Technologies, which holds over $12 billion in ETH, believes Ethereum has bottomed and may not fall to $2,500.
Bitcoin (BTC) is trading around $91,092 after briefly surpassing $94,000. The odds favoring a climb to $100,000 versus a decline to $69,000 stand at about 69.7% as of Thursday. Some Bitcoin holders are exiting positions to harvest losses within this rate-cut environment.
Solana (SOL) is trading near $134, down from its January high above $293. Market sentiment is divided regarding its next move, with about 68% odds pointing to a pump to $150, compared to a dump to $100; these odds have decreased by roughly 10% in two days. A rise to $150 would represent approximately 11.8% gains for current holders, while strategic positioning around the Myriad move could yield about 33% gains.
Current trading volumes include $157K for ETH, $43.9K for BTC, and $36.2K for SOL. The ongoing Solana Breakpoint conference, taking place in Abu Dhabi from Thursday through Saturday, alongside upcoming Federal Open Market Committee (FOMC) meetings scheduled for January 27–28 and later in January, are expected to serve as near-term catalysts influencing the market.
