🎉 The probability of a Fed rate cut has almost doubled!

The probability of a rate cut in December jumped from 39.10% to 69.50% in just one day. This surge was a reaction to dovish comments from the head of the New York Federal Reserve Bank, who suggested a rate cut could happen soon without risking inflation.

The market immediately became more active. Investors began discussing whether this could halt Bitcoin’s prolonged decline. For crypto, a rate cut almost always means increased appetite for risk, as bonds and deposits become less attractive.

Despite the extreme fear sentiment and BTC’s decline, some analysts still see a bullish picture. The awakening of rate cut expectations has historically triggered reversals in the crypto market.