The probability that the Federal Reserve (Fed) will cut interest rates in December has surged to over 70%. This sharp shift in expectations is stirring discussion about the potential impact on Bitcoin — could a rate cut be the catalyst for a reversal in its recent price trend? Why the Fed’s anticipated cut is significant As of the latest readings from CME Group’s FedWatch Tool, the market is pricing in better than a 70% chance of a 25 basis‑point rate cut at the Fed’s meeting scheduled for December 9‑10. That would shift the target range from 3.75‑4.00% down to 3.50‑3.75%. This dramatic move in the odds reflects several dynamics: Previously, on November 21, the odds were far lower — around 30% — as markets weighed mixed labour data and cautious comments from the Fed’s New York President, John Williams. The possibility of a cut speaks to a potential shift toward looser monetary policy, which historically has implications for risk assets like Bitcoin. Monetar...