Get ready for a big shake-up this week! Could it be a positive upheaval?
Bitcoin is leading the charge and pulling Altcoins up at the start of the week due to several factors:
- High likelihood that the FED will continue to cut interest rates by 0.25%
- Expectations that Trump will release Bitcoin reserves after taking office
- Michael Saylor may be looking to purchase a large amount of Bitcoin
The most important of these is the FED's decision on interest rates on December 18, 2024. According to CME Group, over 97% of investors expect the FED to continue cutting interest rates by another 0.25%.
Another prediction platform, Polymarket, also shows that more than 96% have bet that the FED will continue to cut interest rates by another 0.25%. A welcoming sentiment for good news has emerged since the beginning of the week and has pushed the market to rise slightly.
This is a good thing, but one should not underestimate the "Sell-The-News" phenomenon. Once the interest rate cut news is confirmed, some traders will decide to take profits.
For now, it may be bullish for the crypto market, but be cautious on the day the FED makes its official decision!
