Federal Reserve Rate Cut Probability Exceeds 70% for December Meeting

The probability of a 25-basis-point Federal Reserve rate cut at its December 9-10 meeting has climbed above 70%, CME FedWatch data show. New York Fed President John Williams stated on November 21 that near-term rate reductions remain viable without threatening the 2% inflation target. Bitcoin traded between $80,600 and $91,554.96 during this period, with on-chain data showing cautious positioning among traders.