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

The odds of a Federal Reserve rate cut in December have decreased to about 52%, reflecting increased uncertainty among investors. This marks a significant drop from a 95% likelihood just a month ago. If enacted, a 25 basis point cut would lower the benchmark interest rate range to 3.5%-3.75%, potentially limiting gains in Bitcoin (BTC) and other cryptocurrencies. As of the latest reports, BTC is trading near $103,000, remaining relatively unchanged. The Federal Reserve's decision will be influenced by economic conditions, and the market's fluctuating expectations have led to a cautious sentiment among traders. The continuing uncertainty surrounding interest rates could inhibit price increases across cryptocurrency markets, as investors remain on alert for signals that could determine direction in the coming weeks.

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