Bitcoin Sentiment Pops as Fed Rate-Cut Odds Surge

[chainsniff]

Bitcoiners were noticeably more optimistic today after the odds of a U.S. Federal Reserve rate cut in December nearly doubled overnight.
According to the CME FedWatch Tool, expectations for a cut jumped from 39.10% to 69.40%, driven partly by dovish comments from New York Fed president John Williams, who said rate reductions could come “in the near term.”

Bitcoin is still struggling, trading around $85,071, down 10% on the week — but analysts say the macro shift could help the asset stabilize.
“Let’s see if that’s enough to find a bottom,” said analyst Moritz.

Rate cuts are historically bullish for Bitcoin as yields on traditional assets decline, prompting investors to re-enter risk markets.

[Nahid Hossen]

Rate-cut hype always pumps sentiment first before price reacts.

[Abdul Khan]

Sentiment swinging positive this fast shows how reactive crypto is.