Bybit x FXStreet TradFi Report: Fed rate cutting causes ETH and XRP in sight for new highs and could send headwinds to USD

Key Highlights:

• Rate cut probability rising: Markets expect the US Federal Reserve to cut rates from 4.5% to 4.25% on September 17, 2025.

• Two types of cuts: “Good news” cuts support crypto, while “bad news” cuts may trigger risk aversion.

• Dollar weakness: Lower interest rates would push capital into EUR/USD and crypto markets.

• Ethereum breakout?: ETH just hit a new all-time high (ATH), and is testing the $5,000 psychological level.