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Bitcoin jumps to $94,000, but 'hawkish' Fed cut threatens crypto rally

From finance.yahoo.com

Bitcoin jumped to hover above $94,000 on Tuesday, but strategists grew cautious of a year-end crypto rally amid growing expectations that the Federal Reserve will cut rates this week, while signaling a potential pause in future policy easing. Markets widely expect the central bank to deliver a 25 basis point rate reduction at the end of its two-day policy meeting on Wednesday. But both the CME FedWatch and Polymarket show growing bets that Fed Chair Jerome Powell's post-meeting remarks could signal a pause in January as policymakers try to balance containing inflation with a cooling labor market. "If Powell does ... (full story)

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  • Category: Fundamental Analysis