- Austan Goolsbee has forecasted several cuts this year.
- Crypto prices have surged compared to their recent lows.
- Gold and Silver are seen above the key milestones.
Austan Goolsbee, President of Chicago Federal Reserve, has forecast more rate cuts. But he has based his forecast on one limit. His forecast comes at a time when the crypto market could possibly use a push for new highs. Gold and Silver as alternatives have so far held their grounds amid the rising uncertainty.
Chicago Fed President on Rate Cuts
Chicago Federal Reserve President Austan Goolsbee has forecasted more rate cuts in 2026. He has said that there could be several rate cuts later this year; however, he has urged policymakers to be careful, as it could lead the economy and inflation into trouble.
His statement came during a media interaction wherein he also highlighted the goal of 2% inflation. With this, Austan Goolsbee has become one of the few policymakers who are positive that the rate will be slashed in 2026.
The US Federal Reserve last met at the end of January 2026 and kept the rate unchanged. Around a 25 bps rate cut was expected by a small portion of the community. Over 97% of them had maintained that there could be no rate cut.
Surge Across the Crypto Market
The crypto market, even though it is down over 24 hours, has marked a comparative uptick. For instance, BTC dropped to $62,694.75 on February 24, 2026. The token has, since then, jumped to $66,222.15. The new value is still down by 2.90% over the last 24 hours.
Similarly, ETH was trading at $1,807.64 on February 24, 2026. It is now exchanging hands at $1,964.65, up by 0.75% on a weekly basis. Overall, the crypto market has shed 2.22% in terms of collective market cap, and the FGI has shifted slightly upwards to 16 points.
Performance of Alternatives
Two basic alternatives, Gold and Silver, have maintained their momentum. Gold has dipped by 0.15%, but continues to trade above the $5k mark. It was last seen at $5,177.90 per ounce. Notably, it translates to 3.53% gain over the last 5 days and 51.32% gain in the last 6 months.
Silver has moved in the opposite direction by climbing 1.59% to reach $89.68 per ounce. Its 6-month gain comes to 132.10%, and a week’s uptick stands at 5.95%. Meanwhile, the Dollar has lost 0.01% on the index against the basket of currencies. It is now at 97.776.
Highlighted Crypto News For Today:
Polymarket Bets Spark Insider Trading Concerns
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
HYPE Eyes $48 Rally as Price Hits Critical Point
HYPE rises above $36.50 resistance, showing potential for a 30% rally toward $48.
Trading volume and TVL growth indicate strong market participation and investor confidence.
Top holders reduce positions, signaling possible short-term price corrections despite bullish
CryptoNewsLand30m ago
Ethereum Price Breaks Through $2300, BitMine Increases Holdings and Staking ETF Boost ETH Price Surge
Ethereum (ETH) price broke through $2,300, surging over 10% and reaching a six-week high, with significant institutional buying pressure. U.S. spot Ethereum ETF inflows hit record highs, with active corporate purchases—BitMine acquired nearly 61,000 ETH. Analysts predict ETH has potential for further gains. The overall market recovery is primarily driven by inflows from institutional and corporate capital.
GateNews43m ago
Bitcoin Surpasses $75,000: Short Liquidations Exceed $330 Million, Continuous ETF Inflows Drive Market Rally
Bitcoin's price broke through $75,000 on March 17, hitting a six-week high, accompanied by large-scale short position liquidations. Crypto market liquidations in the past 24 hours approached $498 million, with mainstream altcoins also performing strongly. Spot Bitcoin ETFs have attracted significant institutional capital inflows, boosting market confidence. Technical analysis shows Bitcoin has further upside potential, with resistance at $79,000 and support at $72,000.
GateNews1h ago
