Bitcoin is gaining traction as traders assign an 87% probability to a 25-basis-point rate cut by the Federal Reserve in December. Analysts suggest that improved liquidity following the decision could propel Bitcoin to retest the $100,000 mark. Tom Lee has revised his long-term forecast, predicting Bitcoin will reach its October peak of approximately $126,200. Market platforms such as Kalshi and Polymarket reflect rate-cut expectations above 80%, aligning with CME’s FedWatch tool's similar probability. Dr. Whale forecasts a potential Bitcoin surge to between $130,000 and $150,000 if borrowing costs decrease and liquidity conditions improve.
Bitcoin Rises as Traders Anticipate December Fed Rate Cut
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