Joe McCann, founder and CEO of cryptocurrency hedge fund Asymmetric, said a 25 basis point rate cut could be bad for the cryptocurrency market. "If the Fed cuts interest rates by 25 basis points, the stock market will take a big hit. Cryptocurrencies could fall with it. The reason is that if you cut interest rates by 50 basis points, the stock market will be at an all-time high," McCann said. But he added that if the Fed cuts interest rates by 50 basis points, it could have a positive impact on risky assets such as cryptocurrencies.