Market Capitalization:2 886 692 790 656,1 USD
Vol. in 24 hours:129 363 220 710,28 USD
Dominance:BTC 58,4%
ETH:11,49%
Market Capitalization:2 886 692 790 656,1 USD
Vol. in 24 hours:129 363 220 710,28 USD
Dominance:BTC 58,4%
ETH:11,49%
Market Capitalization:2 886 692 790 656,1 USD
Vol. in 24 hours:129 363 220 710,28 USD
Dominance:BTC 58,4%
ETH:11,49%
Market Capitalization:2 886 692 790 656,1 USD
Vol. in 24 hours:129 363 220 710,28 USD
Dominance:BTC 58,4%
ETH:11,49%
Market Capitalization:2 886 692 790 656,1 USD
Vol. in 24 hours:129 363 220 710,28 USD
Dominance:BTC 58,4%
ETH:11,49%
Market Capitalization:2 886 692 790 656,1 USD
Vol. in 24 hours:129 363 220 710,28 USD
Dominance:BTC 58,4%
ETH:11,49%
Market Capitalization:2 886 692 790 656,1 USD
Vol. in 24 hours:129 363 220 710,28 USD
Dominance:BTC 58,4%
ETH:11,49%
Market Capitalization:2 886 692 790 656,1 USD
Vol. in 24 hours:129 363 220 710,28 USD
Dominance:BTC 58,4%
ETH:11,49%
Market Capitalization:2 886 692 790 656,1 USD
Vol. in 24 hours:129 363 220 710,28 USD
Dominance:BTC 58,4%
ETH:11,49%
Market Capitalization:2 886 692 790 656,1 USD
Vol. in 24 hours:129 363 220 710,28 USD
Dominance:BTC 58,4%
ETH:11,49%
Yes
>>Rising chances of a Fed rate cut spark speculation that Bitcoin has reached a price floor

Rising chances of a Fed rate cut spark speculation that Bitcoin has reached a price floor

crypthub
Rising chances of a Fed rate cut spark speculation that Bitcoin has reached a price floor

Fed Rate Cut Probability Increases

The likelihood of a Federal Reserve rate cut in December surged to 69.40% on Friday, up from 39.10% the day before, according to data from the CME FedWatch Tool. This sharp rise reflects a doubling of the odds within a single day.

Bitcoin Market Reaction

Higher rate‑cut expectations have lifted sentiment among Bitcoin investors, suggesting a potential price floor around $85,071. This comes as Bitcoin has endured a 10.11% decline over the past week.

Influencing Factors

Recent dovish comments from Federal Reserve officials have contributed to the heightened expectations of a rate reduction, reinforcing optimism in the cryptocurrency market.