The odds of a December Fed rate cut have rebounded massively today, providing a bullish outlook for Bitcoin and the broader crypto market, which are facing an intense sell-off. The rebound in the rate-cut odds follows New York Fed President John Williams’ speech, in which he opened the door to another near-term cut. December Fed

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Bitcoin could see a much-needed rebound as Barclays Research says Fed Chair Jerome Powell may still lean towards another 25 bps cut while other Fed officials remain divided. Meanwhile, Treasury Secretary Scott Bessent claims there is no recession risk for the US economy or rise in inflation. Jerome Powell May Push for Another Fed Rate

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