Bitcoin, Ethereum Won’t See Relief Till The Fed Cuts Rates, Analyst Warns
Posted On December 23, 2025
Prominent crypto analyst Ben Cowen does not expect the Fed to aggressively cut rates until the stock market collapses, leaving Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) stuck in range-bound misery through summer 2026.
The Fed Only Rescues Stocks, Not Crypto
Speaking on the Bankless podcast, Cowen laid out the dynamic: “When crypto drops, the Fed does not care. When the stock market drops, then they come to the rescue.”
He pointed to 2019 as the template.
Bitcoin topped on apathy and bled against the S&P 500 (NYSE:SPY) while stocks kept climbing.
The rally didn’t come until the Fed aggressively cut rates and printed money, which only happened after the stock market crashed …
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