Bitcoin jumps to $94,000, but ‘hawkish’ Fed cut threatens the crypto rally
Yahoo Finance·2025-12-10 00:46
Bitcoin (BTC-USD) jumped to hover above $94,000 on Tuesday, but strategists grew cautious of a year-end crypto rally amid growing expectations that the Federal Reserve will cut rates this week, while signaling a potential pause in future policy easing. Markets widely expect the central bank to deliver a 25-basis-point rate reduction at the end of its two-day policy meeting on Wednesday. But both CME FedWatch and Polymarket show growing bets that Fed Chair Jerome Powell’s post-meeting remarks could signal ...