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Bitcoin Price Outlook: Could It Reach $120,000 Amid Federal Rate Cut Bets?
As inflation data declines, market participants expect Bitcoin's value against the US dollar and alternative currencies to continue rising. Furthermore, this increase has boosted expectations of a potential interest rate cut by the Federal Reserve next week.
According to the CME FedWatch Tool, the chances of the Federal Reserve cutting interest rates on October 29 are now 98%.
This development is expected to stimulate liquidity in the market, which could, in turn, lead to a significant rise in
Bitcoin Price Outlook: Could It Reach $120,000 Amid Federal Rate Cut Bets?
As inflation data declines, market participants expect Bitcoin's value against the US dollar and alternative currencies to continue rising. Furthermore, this increase has boosted expectations of a potential interest rate cut by the Federal Reserve next week.
According to the CME FedWatch Tool, the chances of the Federal Reserve cutting interest rates on October 29 are now 98%.
This development is expected to stimulate liquidity in the market, which could, in turn, lead to a significant rise in
BTC3.29%











