Interest Rate Cut Odds Climb Amid Crypto Market Stagnation
The Federal Open Market Committee convenes December 10 amid mounting expectations for monetary easing. CME FedWatch data shows an 87.2% probability of a 25-basis-point reduction. Yet cryptocurrency markets remain oddly subdued—Bitcoin hovering near $100,000 without decisive momentum.
Market technicians point to lingering macroeconomic uncertainty. The Alternative.me Fear & Greed Index persists in 'extreme fear' territory, reflecting October's trauma. Institutional participation appears tepid, with crypto ETF inflows slowing to a trickle. 'When the whales hesitate, minnows scatter,' observes a Coinbase institutional trader.
All eyes now turn to the Fed's decision. A dovish pivot could reignite risk appetite, while caution may prolong the consolidation. The crypto market's next MOVE hinges on whether traders interpret rate cuts as stimulus or symptom.