Crypto News: Odds Of A December Rate Cut Double As Bitcoiners Become Hopeful
The post Crypto News: Odds Of A December Rate Cut Double As Bitcoiners Become Hopeful appeared com. A detailed look at the rising odds of a December Federal Reserve rate cut, how traders reacted and why Bitcoin holders grew more confident. Bitcoin traders saw a rare change in tone this week, after the odds of a December Federal Reserve rate cut climbed almost twice as high as the previous day. The change brought a wave of new discussion across crypto circles, as many argued that an easier policy stance could help Bitcoin slow its recent slide. Rising Rate Cut Odds Bring New Attention From Bitcoin Traders Bitcoin has had a rough week. The price dropped more than 10% over seven days, falling toward $85,000 according to CoinMarketCap. Traders watched the steady decline and waited for something to shift the mood. Odds of a rate cut have jumped | source- X That change in trend arrived on Friday. The CME FedWatch Tool showed the odds of a December rate cut rising to 69. 40%. This was a huge jump from the 39. 10% reading the day before. The change created an immediate response from many traders who follow macro signals. Crypto analyst Moritz posted that the move might be enough to help Bitcoin find a local bottom. Several others echoed that view and the idea that the Federal Reserve could cut rates in the near term created hope that sellers might ease their pressure. Fed Remarks Trigger Fast Market Repricing The surge in expectations came after comments from New York Fed president John Williams. He stated that the Fed could cut rates soon without harming progress toward its inflation goal. Bloomberg analyst Joe Weisenthal said these remarks were likely the main reason behind the sudden jump in rate cut expectations. Analysts are warning traders not to move too fast. They say that markets sometimes react strongly to early signals.