🔸$BTC $ETH Bitcoin and Ethereum rise on expectations of interest rate cuts by the Fed.

▶️ Bitcoin and Ethereum rose today and throughout the week, driven by bets on interest cuts by the Fed.

▶️ The producer price index (PPI) came out stronger than expected, but still reinforces the expectation of interest cuts, favoring risky investments, such as cryptocurrencies.

▶️ Capital Economics believes that the PPI consolidates the expectation of a rate cut starting in September, although a reduction in July is not completely ruled out.

▶️ According to the Regional Director of Coinbase, macroeconomic factors in the US and uncertainty over Ethereum ETF flows could make the coming months volatile, before possible stabilization.