Bitcoin’s Rate Cut Hopes Fade, Market Corrects Amidst Economic Uncertainty

The market buzz for a Federal Reserve rate cut in December has taken a significant downturn, with the chances now hovering around 33%, down from 67% just a few weeks ago. This shift coincides with Bitcoin’s price struggling to maintain its support at $90,000, triggering a “death cross” on technical charts and signaling increasing investor fear. The Fed’s cautious stance is pushing markets toward uncertainty, leaving investors questioning the future of the crypto market.