Bitcoin’s Calm Before the Storm: A Fragile Recovery

The cryptocurrency market is nursing its wounds following a sharp 30% correction, but questions remain about whether the worst has truly passed. While macroeconomic optimism provides some support, market experts caution that current stability might be deceptive, with conflicting signals suggesting potential turbulence ahead.

Bitcoin’s ability to maintain crucial support levels stems almost entirely from shifting expectations around U.S. monetary policy. According to the CME FedWatch Tool, the probability of a Federal Reserve interest rate cut in December has surged dramatically—jumping from 39% last week to 87% currently.

Fueling these speculations are rumors surrounding Kevin Hassett, the former White House economic advisor known for his dovish policy stance, who Read more...