Federal Reserve official Daly came out publicly backing a rate cut decision at this week's FOMC meeting. This kind of signal from top Fed members typically moves markets fast. When the central bank lowers rates, it usually means more liquidity flowing around—and crypto often catches some of that wave. Lower rates generally make risk assets more attractive compared to safe havens. So traders watching the Fed are keeping close tabs on how this plays out. If the cut goes through as expected, it could shift the whole tone of how investors view digital assets in the coming weeks.