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Bitcoin Hits $106K ATH Amid US Interest Rate Changes
The post Bitcoin Hits $106K ATH Amid US Interest Rate Changes appeared on BitcoinEthereumNews.com. Bitcoin soared past its $106K ATH late last night, tracking from a 50% price spike since the US election outcome due to Donald Trump’s crypto advocacy. Its upswing also follows anticipation of the Federal Reserve’s (Fed) upcoming interest rate changes, possibly a 25-basis-point cut during the Federal Open Market Committee (FOMC) meeting on December 18. Still, if it’s the last cut for a while (as anticipated), Bitcoin’s price might plummet while the US dollar and treasury yields rise. Luckily, the meme coin project Wall Street Pepe ($WEPE) offers trading insights that safeguard against market volatility. 97.1% Chance of Fed Slashing Interest Rates CME Group’s FedWatch Tool highlights that the Fed is 97.1% likely to drop US interest rates at the upcoming FMOC meeting. Source: CME Group The Federal Reserve is highly anticipated to reduce rates between 4.25% and 4.50% in two days time. Lower interest rates typically lead to more market liquidity, encouraging investments in riskier assets like Bitcoin and other cryptocurrencies. Also signaling prosperous times for crypto is the rate cuts weakening the US dollar, making crypto cheaper when acquired in USD. However, the Fed is expected to implement a ‘hawkish rate cut,’ which suggests less easing next year, possibly harming Bitcoin’s future trajectory. Wall Street Pepe ($WEPE) Raises $25M+ on Presale In light of economic shifts, Wall Street Pepe equips investors with the tools to make informed decisions amidst market volatility. The Pepe-inspired meme coin offers token holders exclusive crypto trading insights. Its ultimate aim is to prevent market manipulation by bringing together crypto investors to give the whales and insiders a run for their money. Crypto traders have already noticed its potential, as evidenced by $WEPE garnering over $25M on presale. Exploiting its trading insights currently costs just $0.0003644 per $WEPE. Notably, the coin’s price increases every…
The post Bitcoin Hits $106K ATH Amid US Interest Rate Changes appeared on BitcoinEthereumNews.com.
Bitcoin soared past its $106K ATH late last night, tracking from a 50% price spike since the US election outcome due to Donald Trump’s crypto advocacy. Its upswing also follows anticipation of the Federal Reserve’s (Fed) upcoming interest rate changes, possibly a 25-basis-point cut during the Federal Open Market Committee (FOMC) meeting on December 18. Still, if it’s the last cut for a while (as anticipated), Bitcoin’s price might plummet while the US dollar and treasury yields rise. Luckily, the meme coin project Wall Street Pepe ($WEPE) offers trading insights that safeguard against market volatility. 97.1% Chance of Fed Slashing Interest Rates CME Group’s FedWatch Tool highlights that the Fed is 97.1% likely to drop US interest rates at the upcoming FMOC meeting. Source: CME Group The Federal Reserve is highly anticipated to reduce rates between 4.25% and 4.50% in two days time. Lower interest rates typically lead to more market liquidity, encouraging investments in riskier assets like Bitcoin and other cryptocurrencies. Also signaling prosperous times for crypto is the rate cuts weakening the US dollar, making crypto cheaper when acquired in USD. However, the Fed is expected to implement a ‘hawkish rate cut,’ which suggests less easing next year, possibly harming Bitcoin’s future trajectory. Wall Street Pepe ($WEPE) Raises $25M+ on Presale In light of economic shifts, Wall Street Pepe equips investors with the tools to make informed decisions amidst market volatility. The Pepe-inspired meme coin offers token holders exclusive crypto trading insights. Its ultimate aim is to prevent market manipulation by bringing together crypto investors to give the whales and insiders a run for their money. Crypto traders have already noticed its potential, as evidenced by $WEPE garnering over $25M on presale. Exploiting its trading insights currently costs just $0.0003644 per $WEPE. Notably, the coin’s price increases every…
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