The odds of a December Fed rate cut are back above 50% following the release of two significant jobs reports today, which show that the labor market is still weakening. UBS economists also predict the Fed will lower rates at next month’s FOMC meeting, which is a positive for Bitcoin and the broader crypto market.

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Cryptocurrencies have officially been approved by the Office of the Comptroller of the Currency (OCC) to be available on the balance sheets of U.S. banks. The cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP. Banks can as well use these assets to pay blockchain network fees. Banks Get Green Light to Hold Crypto

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The cryptocurrency market continues to face intense selling pressure, as Bitcoin slipped below $90,000 earlier today. Other top assets, including Ethereum and XRP, were not left out as investors scampered for safety. However, amid the faltering performance of the cryptocurrency market, some investors continue to buy the dip, including Barstool Sports founder Dave Portnoy. Dave

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U.S. President Donald Trump has commented on his potential pick to replace Fed Chair Jerome Powell, whose term ends next year. Crypto traders are currently betting on National Economic Adviser Kevin Hassett to become the next chair, with a 47% chance of this happening. Trump Comments On Potential Pick For Fed Chair Role During a

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