Bitcoin (CRYPTO: BTC) traders are eyeing the calendar as the Federal Reserve gears up to deliver its final interest rate verdict of 2025 on Wednesday, December 10. Trading near $91,500 after surrendering nearly 30% from its October peak of $126,000, the leading cryptocurrency faces a pivotal moment that could determine whether it reclaims six-figure territory before year-end.
Market positioning suggests traders anticipate accommodation from the central bank. The CME FedWatch tool indicates an 87% likelihood of a quarter-point reduction, while decentralized prediction platform Polymarket shows participants pricing in a 93% probability of looser policy. The Federal Open Market Committee convenes December 9 and 10, with Fed Chair Jerome Powell set to address markets at 2:30 PM ET on Wednesday.
The current market environment looks drastically different from the euphoria that pushed Bitcoin above $100,000 just two months ago. Sentiment indicators paint a grim picture, with the Fear and Greed Index now sitting at just 23 out of 100, signaling overwhelming pessimism among market participants. Bitcoin exchange-traded funds have witnessed substantial capital exits totaling $194.64 million on Thursday, including a $112.96 million withdrawal from BlackRock …
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