Bitcoin Price Faces Potential Crash to $62K Amid Fed Uncertainty

A recent decrease in the probability of a Federal Reserve rate cut could trigger a crash of Bitcoin’s price, potentially reaching as low as $62,000. Analysts are citing increased market volatility due to the uncertainty surrounding potential rate cuts by the Federal Reserve. This volatility has impacted other cryptocurrencies like Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA). The current probability for a December rate cut is just 54%, according to recent data, indicating a significant shift in investor sentiment.