The cryptocurrency market is on edge as the Federal Reserve's December meeting approaches, with expectations of a potential interest rate cut. Fed officials have hinted at a possible 25 basis point reduction, driven by weak labor data, which has increased market odds for a rate cut during the pivotal FOMC meeting on December 9-10. Bitcoin, currently below its 10-month moving average for the first time in nearly four years, could see significant movement depending on the Fed's decision. Traders on platforms like Polymarket are nearly certain of a rate cut, with a 12% chance that rates remain unchanged. Fed Governor Christopher Waller's recent comments favoring a December cut have further fueled these expectations. As the meeting date nears, the crypto market is closely monitoring the Fed's guidance and potential impacts on Bitcoin and other digital assets.