Fed Rate Cut, Bitcoin's Future: Cautious Optimism

Bitcoins recent surge above ninety-four thousand dollars, fueled by anticipation of Federal Reserve interest rate cuts, may not guarantee a strong year-end rally. Financial experts like Nic Puckrin warn of a potential Santa rally pause if Federal Reserve Chair Jerome Powell delivers a cautious speech, citing inflation and job market concerns. Puckrin predicts Bitcoin could end the year below one hundred thousand dollars. However, a potential rebound is anticipated once President Trumps successor, Kevin Hassett, takes over, as he is seen as favorable to the crypto industry.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.