Fed Cut Doesn’t Scare Bitcoin, Which Holds Its Ground—Investor

Kevin O’Leary pushed back on what many traders are betting on, saying he does not expect the US Federal Reserve to cut rates in December and that such a move would not rock Bitcoin’s price. Related Reading: XRP Is About To Hit A Major Turning Point This Week, Analyst Says The well-known investor/entrepreneur said he is not investing as if the Fed will ease policy, and he thinks Bitcoin will likely drift within 5% of its current level. Fed Cut Odds Skyrocketing According to the CME FedWatch Tool, markets are now pricing in an 89% chance of a December rate cut, a big swing from just weeks earlier when odds were far lower. This shift in expectations has been a main driver of recent moves in risk assets, including crypto source: https://www.newsbtc.com/news/bitcoin/fed-cut-doesnt-scare-bitcoin-which-holds-its-ground-investor/