Bitcoin rose past $106,000 ATH late last night, tracking a 50% price rise since the US election result due to Donald Trump’s support for cryptocurrencies.
Its rise also comes after expectations of upcoming changes in interest rates by the Federal Reserve (Fed), and perhaps a Cut interest rates by 25 basis points during the Federal Open Market Committee (FOMC) meeting on December 18.
However, if this latest downgrade is for a while (as expected), the price of Bitcoin could fall while US dollar and Treasury yields rise.
Fortunately, the Meme Coin Project Wall Street Call ($WEPE) Provides trading insights that protect against market volatility.
97.1% chance of interest rate cuts by the Fed
CME Group’s FedWatch tool Highlights: The Fed is likely to cut US interest rates by 97.1% at the next FOMC meeting.
The Fed is highly expected to cut interest rates between 4.25% and 4.50% within two days. Low interest rates typically increase market liquidity, which encourages investment in riskier assets such as Bitcoin and other cryptocurrencies.
Also indicating boom times for cryptocurrencies is interest rate cuts weakening the US dollar, making cryptocurrencies cheaper to acquire with US dollars.
However, the Fed is expected to implement a “tighter rate cut,” indicating less easing next year, which could hurt Bitcoin’s future trajectory.
Wall Street Pepe ($WEPE) raises $25M+ from pre-sale
In light of the economic transformations… Wall Street Baby Provides investors with the tools to make informed decisions amid market volatility.
The Pepe-inspired meme coin provides token holders with exclusive cryptocurrency trading insights. Its ultimate goal is to prevent market manipulation by bringing together cryptocurrency investors to give whales and insiders a run for their money.
Cryptocurrency traders have already noticed its potential, as evidenced by $WEPE receiving over $25 million in pre-sale.
Exploiting its trading insights currently costs just $0.0003644 per WEPE. It is worth noting that the price of the currency rises every time it reaches a certain stage, which indicates that now is the right time to buy.
$WEPE sets up cryptocurrency investors for success
Although Bitcoin is still hitting ATH after ATH, investors should remain cautious and consider long-term factors rather than just short-term factors to achieve financial stability and sustainability.
As Americans prepare for financial change, tools like $WEPE become increasingly essential. that it Trading insights give cryptocurrency investors leverage against unexpected market movements.
However, this is not financial advice. Always DYOR before making investments to ensure you are aware of the potential risks involved.