{"id":143845,"date":"2024-12-03T19:30:09","date_gmt":"2024-12-03T17:30:09","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143845"},"modified":"2024-12-03T16:30:30","modified_gmt":"2024-12-03T14:30:30","slug":"will-fed-rate-cut-and-political-shifts-propel-bitcoin-past-100k","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/will-fed-rate-cut-and-political-shifts-propel-bitcoin-past-100k\/","title":{"rendered":"Will Fed Rate Cut and Political Shifts Propel Bitcoin Past $100K?"},"content":{"rendered":"
According to the CME FedWatch tool, there is a 72.5% chance of a 25 basis point rate cut, which could push interest rates down to between 4.25% and 4.5%. Historically, such rate cuts have been positive for Bitcoin<\/a> <\/strong>and the broader crypto market, as they inject liquidity and boost investor confidence.<\/p>\n At present, Bitcoin is hovering near $94,000, having encountered multiple rejections at the $100,000 level. Institutional interest remains robust, with entities like MicroStrategy continuing their Bitcoin accumulation strategy. Additionally, Bitcoin ETFs are seeing rising inflows, with BlackRock\u2019s IBIT leading the way with a significant $338.3 million contribution in just one day. This growing institutional involvement signals sustained confidence in Bitcoin\u2019s long-term potential.<\/p>\n Meanwhile, Federal Reserve officials have hinted that a rate cut could be on the horizon. Fed Governor Christopher Waller expressed support for a cut during a recent meeting, while New York Fed President John Williams stated that he expects rates to decrease \u201cover time.\u201d These comments have fueled further optimism in the market, with the likelihood of a rate cut increasing.<\/p>\n