Bitcoin Surges Past $114,000 as Fed Rate Cut Odds Climb to 98%

Bitcoin saw a brief surge past the $114,000 mark before stabilizing near $113,700 on Sunday. Traders anticipate a bullish weekly close in anticipation of the Federal Reserve’s October 29th policy meeting, where rate-cut odds currently exceed 98%. This has fueled positive sentiment across crypto and broader markets. Expert opinions point to sustained DeFi growth and increasing institutional investment as primary drivers for this recent surge.