Matrixport Predicts Gold-Bitcoin Price Divergence to Persist as Rate Cut Expectations Increase

Gold and Bitcoin are anticipated to continue trending in opposite directions in the short term, according to a recent analysis published by Matrixport. The firm’s findings were based on data from federal funds futures, which indicate an 84% probability of a Federal Reserve rate cut on December 10th, sharply higher than last week’s expectations. Simultaneously, the likelihood of the Fed holding rates steady in January has increased to 65%, suggesting that investors anticipate limited monetary easing in the near term.