Bitcoin (BTC) Macro News: December Fed Rate Cut Bets Hang in Balance
CoinDesk
Investor uncertainty is rising as the probability of a December Federal Reserve rate cut dropped to about 52%.Summary
Odds for a Federal Reserve rate cut in December have significantly decreased to approximately 52%, according to CME's FedWatch tool, reflecting growing investor uncertainty. This is a sharp decline from 95% a month ago and 65% a week ago. A potential 25 basis point cut would lower the benchmark interest rate range to 3.5%-3.75%. This dwindling probability of a cut may continue to limit gains for Bitcoin (BTC) and other cryptocurrencies, with BTC trading near $103,000. Meanwhile, broader crypto markets show cautious sentiment, with altcoins pulling back while Bitcoin steadies, and the dollar index hovering near 100, posing a potential threat to risk assets.
(Source：CoinDesk)