How Bitcoin Price Could Move as Fed December Rate-

How Bitcoin Price Could Move as Fed December Rate-Cut Odds Hit 87%

Bitcoin is back in rally mode as expectations for a December Federal Reserve rate cut surge to their highest level yet this month.

Specifically, traders are now pricing in up to an 87% chance of a rate cut.

Bitcoin Breaks Above $92,000 as Dovish Fed Bets Strengthen

Today, Bitcoin surged past $92,000, climbing more than 1.5% in 24 hours to $92,960 — its highest price this week. The rally comes as investors increasingly believe President Donald Trump will appoint a more dovish Federal Reserve chair before Christmas.Treasury Secretary Scott Bessent confirmed that Fed chair interviews are in their final round, signalling that the decision is “moving along very well.”

The possibility of a new, more rate-friendly Fed leader, combined with growing bets on a December cut, has boosted risk appetite.

The global crypto market cap rose 1.5% to $3.14 trillion, although it has only recovered a fraction of last week’s losses.