President Trump indicated that the next Federal Reserve chairman would pursue significantly lower interest rates as Bitcoin traded in volatile sessions.
Bitcoin News
President Trump indicated that the next Federal Reserve chairman would pursue significantly lower interest rates as Bitcoin traded in volatile sessions.
Weak liquidity conditions amplified price movements as year-end portfolio repositioning replaced fading expectations of a Santa Claus rally. Ruck noted that current market dynamics reflect cooling flows and leverage resets rather than seasonal trends.
Vincent Liu, CIO of Kronos Research, said Bitcoin was between $85,000 and $86,000, representing a price revision after a strong run. Markets are waiting for real catalysts while new liquidity remains absent, making choppy trading the base case until conditions change.
CME Group’s FedWatch tool assigns a 73.4% probability that the Fed will maintain a current target range of 3.50% to 3.75% in January. The Polymarket prediction platform shows a 76% chance that rates will remain stable after three consecutive FOMC meeting cuts.
Trump reportedly interviewed Christopher Waller, the pro-crypto Fed governor advocating a rate cut, on Wednesday. Former Fed Governor Kevin Warsh and current National Economic Council Director Kevin Hassett are reportedly the leading contenders among five candidates.
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