The Federal Reserve is back in focus as today’s Federal Open Market Committee (FOMC) meeting could bring the first rate cut of 2025, and traders are closely watching what it could mean for the Bitcoin price. Markets are heavily leaning toward a rate cut at this week’s Federal Open Market Committee (FOMC) meeting. Data from CME’s FedWatch tool shows a 96% probability that the Fed will reduce its benchmark rate by 25 basis points. There is also a small, 4% chance that policymakers could move more aggressi ...