Goldman Sachs has pushed its expectations of two interest rate cuts in 2026 to June and September, instead of its previous forecast of a rate cut in March and June. The financial institution changed its view after softer non-farm payrolls data. The payroll figures may be a signal that the labor market is slowly cooling. Moreover, the economy grew faster than expected and the impact of tariffs have started to fade. Let’s discuss what a delayed interest rate cut could mean for the possibility of a cryptocurrency market bull run in 2026.
Will The Cryptocurrency Market Enter A Bull Run in 2026?
The cryptocurrency market often sees an uptick in investments after an interest rate cut. Investors take on more risks as borrowing becomes easier. However, this trend was not observed in the October 2025 and December 2025 interest rate cuts. 2025’s pivot from the usual trend could be due to macroeconomic uncertainties. The argument was further supported by the fact that gold and silver hit multiple all-time highs in late 2025. Investors were likely moving their funds from risky assets, such as cryptocurrencies, to safe havens, such as gold and silver.
The current market trend also follows a risk-averse approach. Gold has hit yet another all-time high, breaching the $4,600 mark for the first time in its history. The development could mean that the cryptocurrency market is still not attractive to investors.
With that said, perhaps a delayed interest rate cut could be a good thing for the cryptocurrency sector. Macroeconomic uncertainties could dip over the coming months, and a rate cut by June could trigger a market-wide rally.
Also Read: Jerome Powell Probe Sparks Dollar Risk as Fed Independence Cracks
However, Federal Reserve Jerome Powell is facing substantial pressure from President Donald Trump. There is a chance that Powell could be replaced with a pro-Trump candidate very soon. Such a scenario could lead to an earlier interest rate cut than expected.