Market's pricing in some serious dovish vibes right now. Latest fed funds futures showing 94% probability for a 25 basis point cut at next week's FOMC meeting. That's up from around 85% just days ago.

If this plays out, we're looking at potential liquidity injection hitting markets. Rate cuts typically weaken the dollar and push investors toward riskier assets. Crypto usually catches that wave when traditional safe havens lose their appeal.

Timing couldn't be more critical with current macro uncertainty. Eyes on Powell's press conference – his tone matters just as much as the decision itself. Any hints about the cutting cycle's trajectory could trigger significant moves across digital assets.