Fed rate-cut expectations lift market sentiment.
Bitcoin $BTC opened the week strong, extending its weekend recovery and climbing nearly 5% to trade above $91,000. The move followed comments from New York Fed President John Williams, who described current policy as ‘modestly restrictive’ and signaled room for potential rate cuts soon.
Traders reacted quickly - the CME FedWatch tool now shows an 85% probability of a December rate cut. This renewed confidence is boosting demand for risk assets, including Bitcoin.
