According to @rovercrc, the last time the Fed cut rates in September, Bitcoin and Ethereum surged and history will repeat; Source: @rovercrc on X, Aug 23, 2025. The Federal Reserve did cut the target range by 25 bps on September 18, 2019; Source: Board of Governors of the Federal Reserve System, FOMC statement dated September 18, 2019. Following that September 2019 cut, BTC fell from roughly $10,200 on Sep 18 to about $7,400 by Oct 23, while ETH dropped from around $215 to near $160 over the same period; Source: Yahoo Finance BTC-USD and ETH-USD historical data. During the emergency rate cuts to near zero in March 2020, crypto initially sold off sharply with BTC near $3,850 on Mar 13 and ETH near $86 before recovering later in 2020; Sources: Federal Reserve press releases March 3, 2020 and March 15, 2020; Yahoo Finance BTC-USD and ETH-USD historical data. Historical post-cut reactions have been mixed rather than uniformly bullish, so traders should anchor plans on upcoming FOMC decisions, real yields, and USD liquidity rather than a simple September effect; Sources: Federal Reserve H.4.1 statistical release on balance sheet trends; U.S. Department of the Treasury real yield data.