๐ Bitcoin Bulls Bet on Fedโs โRate Cut Rushโ ๐ฆ
๐ Echoes of 2024โs 100% rally resurface!
After a weekend dip to $112K, #Bitcoin is rebounding on renewed hopes of a September rate cut. The CME FedWatch Tool now shows an 80% probability, up from 40% last Friday! ๐
๐ Why it matters:
๐น Weak US job data ๐ผ
๐น Sudden resignation of Fed Governor Adriana Kugler
๐น Trump pressures Fed for easier policy
๐น Analysts cite parallels to 2024โs โcatch-up cutsโ that doubled BTC ๐ฅ
๐ Current Stats:
โข BTC: $114,560 (+0.9%)
โข ETH: $3,550 (+2.7%)
๐ Keep your eyes on US CPI (Aug 12) โ could be the next big catalyst.
๐ฌ Are you stacking sats or waiting for confirmation? ๐$BTC
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