#Fed Holds Rates Decision# Crypto analyst Alex Krüger shared his expectations for Bitcoin and altcoins in his statement.

Famous crypto analyst Alex Krüger, in his comprehensive statement evaluating the recent market volatility, noted that the decline resembles the sharp pullback seen last August.

According to Krüger, this sharp correction in the market has been shaped by a combination of macroeconomic developments and negative news flow specific to crypto.
Krüger recalled the August 2024 crash, explaining that the decline at that time began with the Bank of Japan's interest rate hike, leading to a panic atmosphere with a hawkish FED and weak employment data. The analyst noted that there is a similar dynamic in today's scenario, stating that although there is no carry trade effect this time, a hawkish FED, complex corporate balance sheets, strong personal consumption expenditure inflation, and sharp stock profit sales are shaping the picture.
The U.S. President Trump's removal of the head of the Agricultural Department's Statistics Bureau (BLS) and political developments such as nuclear war rhetoric were assessed by Krüger as "noise from a market perspective." He noted that the main decline accelerated more due to the liquidation of leveraged investors rather than such statements. He recorded that Bitcoin formed a local bottom after sharp sell-offs.

Krüger also touched on the developments in the crypto market this week. A weak balance sheet of an exchange, the possibility of MicroStrategy closing its share selling mechanism, and sustainability concerns regarding the "Digital Asset Treasury Companies" model on the ETH side are among the factors increasing pressure in the market. However, according to the analyst, the SEC's "Project Crypto" initiative is an important step for the transfer of securities laws onto the chain and is quite positive for the market in the long term.

Krüger believes that either the bottom has been seen today with the market's sharp sell-off or that the bottom will form on Monday along with the stocks. The analyst, who stated, "We are witnessing a repeat of last year's August crash. I will add to long positions before the US markets open on Monday," described this drop as an aggressive "shaking off."

According to Krüger, one of the critical turning points for the markets is the Jackson Hole meeting and a possible interest rate cut in September. He suggested that the resignation of FED Board Member Kugler gives Trump an early appointment opportunity and that this individual could create a dovish balance against the hawkish Powell at the FED.

Krüger is optimistic about the medium-term outlook for the crypto market. The analyst argues that with interest rate cuts starting in September and an increase in crypto adoption, the market will continue its upward movement, particularly noting that the FED's full dovishness starting in May 2026 could drive Bitcoin to the $200,000 – $250,000 range.

However, he adds a warning: The loss of momentum of Digital Asset Treasury Companies and the inflationary pressure of tariffs in the US could lead to some complications in the market by the end of the year. Nevertheless, he believes that these are currently of secondary importance.
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