According to The Kobeissi Letter, prediction markets, as reported by @Kalshi, foresee a total of 75 basis points reduction in interest rates by 2025, distributed over three cuts. This expectation arises amidst increasing recession probabilities, indicating potential rate cuts as early as next month.

According to @KobeissiLetter, prediction markets are forecasting three interest rate cuts totaling 75 basis points in 2025 as recession probabilities rise, suggesting the Federal Reserve might be compelled to reduce rates as early as next month. This information is crucial for traders assessing the impact on market interest rates and bond yields.

According to Crypto Rover, there is a 50% chance of interest rate cuts in May, which is considered extremely bullish for Bitcoin. Traders may anticipate an upward price movement for Bitcoin as lower interest rates could increase liquidity and risk appetite in the market.

According to GreeksLive, the October monthly expiry is imminent, and the month has not met expectations. Factors such as the upcoming election and interest rate cuts have not resulted in significant positive news or inflows for cryptocurrencies. The implied volatility (IV) for the election week remains at 55%, indicating market uncertainty.