As per Coinpedia, Bitcoin trades near $90,549 as investors anticipate a 25-basis-point Federal Reserve rate cut ahead of the FOMC meeting on December 9–10. Market indicators, including Polymarket and the CME FedWatch Tool, show high probabilities of the cut, with Standard Chartered joining JPMorgan, Morgan Stanley, and Nomura in forecasting the move. Analysts suggest a Fed rate cut could support Bitcoin and risk assets by easing financial conditions and boosting liquidity.
Major Banks Align on 25-Basis-Point Fed Rate Cut Ahead of Dec 9–10 FOMC Meeting
CoinpediaShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.