- Austan Goolsbee has forecasted several cuts this year.
- Crypto prices have surged compared to their recent lows.
- Gold and Silver are seen above the key milestones.
Austan Goolsbee, President of Chicago Federal Reserve, has forecast more rate cuts. But he has based his forecast on one limit. His forecast comes at a time when the crypto market could possibly use a push for new highs. Gold and Silver as alternatives have so far held their grounds amid the rising uncertainty.
Chicago Fed President on Rate Cuts
Chicago Federal Reserve President Austan Goolsbee has forecasted more rate cuts in 2026. He has said that there could be several rate cuts later this year; however, he has urged policymakers to be careful, as it could lead the economy and inflation into trouble.
His statement came during a media interaction wherein he also highlighted the goal of 2% inflation. With this, Austan Goolsbee has become one of the few policymakers who are positive that the rate will be slashed in 2026.
The US Federal Reserve last met at the end of January 2026 and kept the rate unchanged. Around a 25 bps rate cut was expected by a small portion of the community. Over 97% of them had maintained that there could be no rate cut.
Surge Across the Crypto Market
The crypto market, even though it is down over 24 hours, has marked a comparative uptick. For instance, BTC dropped to $62,694.75 on February 24, 2026. The token has, since then, jumped to $66,222.15. The new value is still down by 2.90% over the last 24 hours.
Similarly, ETH was trading at $1,807.64 on February 24, 2026. It is now exchanging hands at $1,964.65, up by 0.75% on a weekly basis. Overall, the crypto market has shed 2.22% in terms of collective market cap, and the FGI has shifted slightly upwards to 16 points.
Performance of Alternatives
Two basic alternatives, Gold and Silver, have maintained their momentum. Gold has dipped by 0.15%, but continues to trade above the $5k mark. It was last seen at $5,177.90 per ounce. Notably, it translates to 3.53% gain over the last 5 days and 51.32% gain in the last 6 months.
Silver has moved in the opposite direction by climbing 1.59% to reach $89.68 per ounce. Its 6-month gain comes to 132.10%, and a week’s uptick stands at 5.95%. Meanwhile, the Dollar has lost 0.01% on the index against the basket of currencies. It is now at 97.776.
Highlighted Crypto News For Today:
Polymarket Bets Spark Insider Trading Concerns
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Matrixport: ETH Cumulative Pullback of 63% This Round, Options Gamma Hedging as Main Driver of Recent Rebound
Ethereum has declined 63% cumulatively in this cycle, reaching a low of $1,837, and is currently testing technical resistance levels. Price recovery is driven by options flow and gamma hedging, while fundamentals have not shown significant changes. ETF demand is recovering, but derivatives positioning continues to influence price action. Ethereum's movement has decoupled from traditional assets.
GateNews38m ago
Bitcoin Breaks Through $75,000, Options Market Provides Boost! Bitwise: Reaching $1 Million is Not a Dream
Bitcoin recently surged past $75,000, driven by options put closing positions. Experts warn that the bear market structure remains unchanged, but Bitwise's Chief Investment Officer is optimistic about institutional capital resilience and predicts the potential to reach $1 million in the future. The market should remain vigilant about potential pullback risks.
CryptoCity39m ago
GODS Rockets Past $0.04 — 24% Surge Sparks Excitement
GODS has surged 24.09% amidst market selling pressure, currently priced at $0.044914. Increased trading volume and speculative activity suggest a shift towards altcoins. Traders are monitoring key resistance and support levels for potential future movements.
Coinfomania1h ago
Huang Renxun's GTC Speech on "DLSS 5, NemoClaw" Ignites AI Coins: FET Surges 20%, NEAR, Worldcoin Hit Monthly Highs
Nvidia CEO Jensen Huang emphasized the importance of AI agent infrastructure during his GTC conference keynote, leading to significant gains in related cryptocurrencies such as NEAR, FET, and WLD. Huang predicted that chip order backlogs will exceed 1 trillion dollars by 2027 and introduced an enhanced AI agent platform called "NemoClaw." Additionally, he mentioned that DLSS 5 will revolutionize computer graphics. Although the presentation did not directly mention cryptocurrencies, it left the market with high expectations regarding infrastructure opportunities.
動區BlockTempo1h ago
10x Research: Bitcoin's Current Rally May Be Driven by Massive Bearish Options Unwinding
Bitcoin's rise was primarily driven by put option sellers at the $55,000 and $60,000 levels, with traders closing positions forcing market makers to buy Bitcoin. The rally lacked bullish call buying, though Bitcoin broke through $76,000 today, pushing the crypto market higher.
GateNews1h ago
