Major financial institutions are expecting the Federal Reserve to deliver two rate cuts over the course of 2025. This projection is making waves across traditional finance and crypto markets alike, since monetary policy shifts directly impact risk asset valuations—including digital currencies. When borrowing costs decline, investors typically have more dry powder to deploy into higher-yield opportunities, which historically benefits both equities and cryptocurrencies. The timing and size of these cuts will be crucial to watch as we head into the year.