The Federal Reserve's anticipated 25 basis point rate cut on October 29 could significantly impact Bitcoin prices by enhancing market liquidity and fostering risk-on investment strategies. This potential monetary policy shift is expected to drive Bitcoin toward new all-time highs, as traders and investors show increased confidence in the cryptocurrency's upward trajectory.
Whale activity further underscores this optimism, with substantial investments totaling $48 million in leveraged Bitcoin and Ethereum positions. On-chain data reveals significant deposits, indicating strong investor sentiment and a bullish outlook for the crypto market.
Potential Fed Rate Cut May Propel Bitcoin to New Highs
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