Stablecoin Inflows Rise Before Fed Rate Decision: Crypto Daybook Americas
Crypto markets saw declines as traders rotated into stablecoins ahead of the expected Federal Reserve interest rate cut.Summary
Bitcoin hovered around $113,000 after a 1.4% drop, with the broader crypto market falling 2% as traders defensively rotated into stablecoins before the Federal Reserve's policy decision, where a 25 basis point rate cut is nearly certain. Trading activity has thinned, with centralized exchange liquidity dropping to 40% of pre-liquidation levels, but stablecoin supply is rising again, signaling fresh inflows. Analysts suggest macro tailwinds, cooling inflation, and a dovish Fed are setting the stage for a supportive rest of the year, despite potential uncertainty from the upcoming meeting between President Trump and President Xi Jinping. Key events for the day include the Bank of Canada and Federal Reserve rate decisions, and the launch of Grayscale’s Solana Trust ETF.
(Source：CoinDesk)