Bitcoin Briefly Surpasses $89,000 as December Fed Rate Cut Odds Hit 82.7%

Bitcoin briefly topped $89,000 on Nov. 25, trading at $88,337.13 with a 24-hour gain of 1.64%, BlockBeats reports. Federal Reserve Governor Waller said he personally supports a rate cut at the December meeting, while San Francisco Fed President Daly backed a December reduction, citing greater concern over labor market weakness than inflation. CME FedWatch data show an 82.7% probability of a 25-basis-point cut in December, with a 17.3% chance rates remain unchanged. U.S. equities closed higher Monday, with the Dow up 0.44%, S&P 500 up 1.5%, and Nasdaq up 2.69%.