Polymarket predicts that the Fed could introduce a 25 bps rate cut next week.
The rate cut timed with Christmas bonuses could be the second wind that BTC needs.
342 wallets with over 100 BTC were created when BTC dropped a few days ago.
Polymarket is pricing in a 25 BPS rate cut in the US, predicting the Federal Reserve to announce the decision. This anticipated cut, projected during high inflation, could shift market sentiment significantly, with traders preparing for impacts across traditional and digital assets.
Prominent analyst Crypto Rand suggested in a post on X (formerly Twitter) that such a rate cut could revive the crypto market, pushing Bitcoin well above its all-time high of $103,900.
Rate Cuts and Bitcoin’s $100K Milestone
On the other hand, rate cuts often boost Bitcoin’s appeal by lowering yields on traditional assets, prompting investors to seek riskier alternatives like cryptocurrencies. As inflation in the U.S. remains stubbornly high, reports indicate the likelihood of a third rate cut this year. As pointed out in a report by the Guardian, the possibility of a third rate cut this year is high as the rate of inflation in the US bare…
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