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Bitcoin Holds Above $60K as Traders Warn of Sell-Off on 50 Basis Point Fed Rate Cut Coindesk 1 giorno fa

Bitcoin Holds Above $60K as Traders Warn of Sell-Off on 50 Basis Point Fed Rate Cut 📉

Bitcoin continues to hold above the $60,000 mark as traders voice concerns about a possible sell-off due to an anticipated 50 basis point cut in the Federal Reserve's interest rates.

Traders are betting on Fed fund contracts, showing a 65% implied probability of rates being cut to a range of 4.5-5%.

In other news, Circle has announced a partnership with Polymarket, aiming to enhance their offerings in the blockchain space.

Source: www.coindesk.com ↗

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