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US Central Bank Cuts Key Lending Rate by a Quarter Point
Bitcoin remains range-bound near $90,000 as liquidity thins, with 25,000 BTC exiting exchanges and traders awaiting Federal Reserve guidance on rate cuts, analysts said.
- On Tuesday, Bitcoin hovered near $90,000 as markets entered a low-conviction holding pattern ahead of the Federal Reserve's final policy decision, with analysts saying Chair Jerome Powell's guidance may matter more than the rate cut.
- Rate‑cut odds are high after softer ADP data and weakening consumer sentiment, with Fed funds futures pricing a cut on Wednesday but no additional move until June; this marks the Federal Reserve's third meeting since easing began.
- Roughly 25,000 BTC has exited centralized exchanges, BTC open interest down more than 44%, and spot volume delta worsened, QCP Capital said in its Dec. 8 update.
- A hawkish hint could push Bitcoin toward $88,000, while a supportive Fed signal might lift it into the $93,000 t to $95,000 range and toward $97,000 t to $106,000 t, according to Misir.
- Institutions and whales continue steady accumulation as active addresses and transfer volume show early healing signs, with total market cap at $3.23 trillion.
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Total News Sources16
Leaning Left0Leaning Right0Center5Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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