According to The Kobeissi Letter, following the recent US-China trade deal, market participants now anticipate only two interest rate cuts by the Federal Reserve in 2025, as reported by Kalshi. This adjustment in rate cut expectations signals a potentially stronger US dollar environment, which could limit upward momentum for major cryptocurrencies such as Bitcoin and Ethereum due to reduced liquidity and risk appetite. Traders should monitor macroeconomic cues closely, as shifts in monetary policy projections directly affect crypto market volatility and capital flows (source: @KobeissiLetter, @Kalshi).