Economist Timothy Peterson said the market is underestimating the likelihood of a rapid rate cut from the Federal Reserve in the coming months. "The Fed never envisioned such gradual rate cuts," he said, explaining that he expects "surprise effects" to play a role and potentially catch the market off guard.

“This will significantly stimulate the rise of Bitcoin and altcoins, and I think this will happen in the next 3 to 9 months.” (Cointelegraph)