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Some Bitcoiners are speculating that the significant surge in the odds of a Fed rate cut in December may lead to Bitcoin finding a price ābottom here for now.ā
Bitcoiners were noticeably more upbeat on social media today as the odds of a US Federal Reserve rate cut in December nearly doubled compared to just a day earlier.
Some crypto market participants are speculating that this could be the catalyst Bitcoin (BTC) needs to halt the assetās downward trend.
āLetās see if thatās enough to find a bottom here for now,ā crypto analyst Moritz said in an X post on Friday, as Bitcoinās price trades at $85,071, down 10.11% over the past seven days, according to CoinMarketCap.
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