Українська
Русский
English
Bitcoin Rises Above $91,000 Amid Expectations of Fed Rate Cut
Bitcoin recovered on Thursday, climbing above the $90,000 mark, as growing expectations of an interest rate cut by the U.S. Federal Reserve (Fed) sparked renewed investor interest.
The price of the world’s largest cryptocurrency rose 4%, reaching $91,201.6 as of 05:54 GMT.
After falling to $80,000 last Friday — its lowest level since April — the flagship cryptocurrency rebounded, supported by optimism that the Fed may ease its monetary policy next month.
Fed Rate-Cut Bets Gain Momentum; Fed Chair Appointment in Focus
Markets now estimate the probability of a quarter-point rate cut at around 85%, a sharp jump from just 44% a week ago. Lower interest rates generally boost the value of “risk assets” such as Bitcoin by increasing liquidity and investor appetite for higher-yield alternatives.
However, some caution persists. U.S. inflation remains sticky, and macroeconomic data has been mixed. This raises questions about how far and how fast the Fed will move — and whether the recent rally is a sustainable uptrend or merely a short-term bounce.
Among optimists, additional momentum comes from speculation that Kevin Hassett may be appointed the next Fed Chair. Some analysts view him as more supportive of dovish monetary policy, which fuels the bullish case for Bitcoin and other risk assets.
See also: "In November, BlackRock’s Spot Bitcoin ETF Lost Around $2.2 Billion"
