Bitcoin (BTC) is looking to close the week above $62,500, suggesting buying at lows. CME Group’s FedWatch Instrument is pricing in a 97% chance that the Federal Reserve will cut interest rates by 25 basis points at its Nov. 7 meeting. This could boost risk appetite. Additionally, the amount of Bitcoin held on centralized exchanges is at its lowest level since November 2018, reducing liquidity and potentially leading to price increases. Could Bitcoin’s recovery be a catalyst for a rally in altcoins? Share your thoughts in the comments.