Bitcoin's price has stabilized in the mid-$90,000 range following a 5% rebound from a low of $86,000, as investors anticipate next week's Federal Open Market Committee (FOMC) meeting. Market sentiment is influenced by an 85% probability of Kevin Hassett becoming the next Fed Chair, with expectations of a more dovish stance due to anticipated leadership changes.
Additionally, the futures market indicates a 90% likelihood of a 25 basis point rate cut. Meanwhile, Strategy's $1.4 billion equity financing has alleviated immediate market concerns, boosting its net asset value per unit to approximately 1.14. However, the upcoming MSCI index review on January 15th remains a significant risk factor.
Bitcoin Steadies at $90,000 as Market Awaits FOMC Meeting
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