According to data from Polymarket, the probability of the Fed lowering interest rates by 25 basis points at the December meeting has surged from about 20% a week ago to 86%. This should be one of the main reasons for the recent rise in Bitcoin.
There is also speculation that Fed Chairman Powell will be replaced, as his frequency of interest rate cuts does not make the emperor happy. There is speculation that the replacement will be a super dovish figure who will cut rates aggressively!
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According to data from Polymarket, the probability of the Fed lowering interest rates by 25 basis points at the December meeting has surged from about 20% a week ago to 86%. This should be one of the main reasons for the recent rise in Bitcoin.
There is also speculation that Fed Chairman Powell will be replaced, as his frequency of interest rate cuts does not make the emperor happy. There is speculation that the replacement will be a super dovish figure who will cut rates aggressively!