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Bitcoin (BTC) Macro News: December Fed Rate Cut Bets Hang in Balance

The chances of a Federal Reserve rate cut in December have decreased to about 52%, showcasing rising investor uncertainty as the meeting approaches on December 10. This likelihood has significantly dropped from 95% a month ago and 65% a week ago. A potential cut of 25 basis points would lower the benchmark interest rate to a range of 3.5%-3.75%. As a result of this diminished probability, potential gains in Bitcoin (BTC) and other cryptocurrencies might be limited. Currently, Bitcoin is trading near $103,000, showing little change. Market sentiment remains cautious, reflecting fears as traders seek direction amid fluctuating sentiments and open interests in various altcoins.

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XLM Tumbles Below Key $0.285 Support as Bears Take Over

Stellar (XLM) has faced significant selling pressure, dropping from $0.289 to $0.281, thereby breaching its crucial support level at $0.285. This decline occurred amid increased trading volume, peaking at 76.24 million tokens, which was 115% above the average for the past 24 hours. The token'

XLM Tumbles Below Key $0.285 Support as Bears Take Over

Stellar (XLM) has recently experienced a significant decline, falling 1.2% below the key support level of $0.285 to hit $0.281 amid increased selling pressure. This downturn occurred during a trading session where XLM retreated from $0.289, breaking through the critical support level due to heightened institutional

XLM Tumbles Below Key $0.285 Support as Bears Take Over

Stellar (XLM) experienced a significant decline, falling to $0.281 and breaking below the crucial $0.285 support level due to intensified selling pressure during trading. This drop was accompanied by a notable increase in trading volume, peaking at 76.24 million tokens, marking a 115% surge above the 24-hour