Bitcoiners perk up as odds of a December Fed rate cut almost double

Bitcoin has surged above $84,000 following comments from Federal Reserve official John Williams, who indicated that a rate cut in December is now a possibility. This shift in sentiment comes as traders reassess the likelihood of monetary easing, with over a 70% chance now priced in for the upcoming Federal Reserve meeting.

Bitcoin's price has fallen to $86,000 amid a broader sell-off in the U.S. stock market and reduced expectations for a significant interest rate cut by the Federal Reserve. This decline reflects ongoing volatility in the cryptocurrency market, raising concerns among investors.

The odds of a Federal Reserve rate cut in December have decreased to 30%, a significant drop from previous expectations. This change reflects shifting market dynamics and investor sentiment regarding the future of interest rates and economic conditions. The decline in rate cut expectations may influence various financial markets, including cryptocurrencies.

The likelihood of a Federal Reserve rate cut in December has dropped to 33%, down from 67% at the beginning of November, coinciding with a decline in Bitcoin's price below $89,000. This shift reflects a significant change in investor sentiment and market dynamics.

The likelihood of a Federal Reserve rate cut in December has dropped to 33%, down from 67% at the beginning of November, coinciding with a decline in Bitcoin's price below $89,000. This shift reflects a significant change in investor sentiment and market dynamics.

The likelihood of a Federal Reserve rate cut in December has dropped to 33%, down from 67% at the beginning of November, coinciding with a decline in Bitcoin's price below $89,000. This shift reflects a significant change in investor sentiment and market dynamics.