Derived from Bitcoin.com, the article discusses Bitcoin's recent price struggles below $100K and the potential impact of a December Federal Reserve rate cut. New York Fed President John Williams indicated the central bank may lower rates, which could boost risk-on sentiment and potentially trigger a Christmas rally. The odds of a rate cut have risen to 85%, and Kevin Hassett, a Trump loyalist and potential next Fed chair, has publicly supported lower interest rates. Despite this, Bitcoin's 24-hour price dropped 2.46% to $86,413.29, with weekly losses at 7.29%. Market volatility remains low, and total futures open interest has fallen nearly 3%.
Bitcoin Struggles to Stay Above $100K Amid Fed Rate Cut Speculation
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