Federal Reserve Governor Chris Waller has expressed support for a 25 basis points rate cut at the upcoming December meeting, highlighting concerns over a weak labor market. This year has seen over 1 million job cuts, with rising unemployment claims contributing to a cautious sentiment in the market. Waller emphasized the Federal Open Market Committee's (FOMC) commitment to its inflation target and hinted at potential policy adjustments. The proposed rate cut could have significant implications for the cryptocurrency market, potentially driving capital into riskier assets such as Bitcoin and Ethereum. As traditional markets react to monetary policy shifts, the crypto sector may see increased interest from investors seeking higher returns.