While both traditional and crypto markets are expected to react to the Federal Reserve’s anticipated rate cut Wednesday, the impact is likely to hinge on the size of the reduction.

Though a rate cut is all but guaranteed, markets will be tuning in to Fed Chair Jerome Powell’s Wednesday afternoon press conference to get details about the decision.

As of 11 am ET Tuesday, CME Group’s FedWatch tool showed a 62% probability of a 50 basis point rate cut and a 38% probability of a 25bps reduction.

Read more: Powell confirms September rate cut, stocks and cryptos rally

Some industry analysts and executives have noted that while the market would likely view a 25bps cut as a normal measure…

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