Bitcoin eyes breakout toward ATH as 50bps Fed rate cut odds climb to 17%

Markets are pricing about 30 basis points of easing for the Sept. 17 Federal Open Market Committee decision, split between a base case quarter point cut and a smaller tail for 50 basis points. Should rates drop 50bps, Bitcoin could eye a return to all-time highs. According to CME Group’s FedWatch tool, probabilities as of The post Bitcoin eyes breakout toward ATH as 50bps Fed rate cut odds climb to 17% appeared first on CryptoSlate.