🎉 The likelihood of a rate cut by the Federal Reserve has nearly doubled!

The probability of a rate cut in December rose from 39.10% to 69.50% in just one day. This increase came in response to comments from the President of the New York Federal Reserve, who indicated the possibility of lowering Interest soon without risks to inflation.
The market moved immediately. Investors began discussing whether this might stop the ongoing decline of Bitcoin. For cryptocurrencies, a reduction in interest usually means an increase in risk appetite, as bonds and deposits become less attractive.
Despite the intense feelings of fear and the drop in BTC, some analysts believe that the outlook is still bullish. Historically, rising expectations regarding Interest have served as a catalyst for reversals in the cryptocurrency market.