Bitcoin Holds Above $58K as Odds of Big Fed Rate Cuts Jump to 67%
Submitted by Anonymous (not verified) on Tue, 09/17/2024 - 10:10Markets are seeing a nearly 70% probability of a bigger 50 bps rate cut to the 4.7%-5% range, up from 25% a month ago.
Markets are seeing a nearly 70% probability of a bigger 50 bps rate cut to the 4.7%-5% range, up from 25% a month ago.

Bitcoin is stable when writing, falling below $60,000 after the encouraging expansion in the second half of last week.
Bitcoin (BTC) price declined by 2.7% in the past 24 hours as the US Federal Reserve (Fed) looks poised to initiate its widely anticipated rate-cut
MicroStrategy's aggressive Bitcoin strategy could significantly influence corporate investment trends and the broader cryptocurrency market.

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