Looks like there’s a 99% chance we’re getting another rate cut later today.
Do you guys think this will shoot Bitcoin’s price up to that $125k peak right away or will it take a bit to see the effects?
I dont get when people say already priced in?
Rate cuts are supposed to be bullish for bitcoin and bitcoin is still $12k off the all time high so how can it be priced in if still so far from all time high?
It means that people are already expecting it to happen and they probably took action based on that already without waiting for the actual announcement the price should already reflect the news.
Remember the rate cut on September 17? Do you see Bitcoin price surging as strongly as we expect? If I remember correctly, Bitcoin didnt perform much better after the rate cut news in September. Likewise, as many have said in other threads, this news has already been priced in. But even if the market hasn't reacted to the news yet, don't get your hopes up.
Although the rate cut is good news, the economy is facing too many problems, especially geopolitical instability. So, lowering interest rates may bring some positive signals to the market but it will not be enough to reverse the market trend.
I don't think bitcoin price will go from $113k to $125k just because of the news of a rate cut.
Yeah I'm not saying it will shoot up to $125k just based on this rate cut, just thought it might see some positive action at least.
We shall see, only few more hours now till we find out.
I think pretty much everyone in the world is waiting for the 25 basis point reduction in interest rates. Anything other than that will cause some movement, but I don't think things going as expected will do much. If they cut 50 basis points then we might see a big rally and if they don't cut we would see a big selloff. The bond market has long been predicting this cut so I don't think there will be any surprises for anyone. The thing to watch will be the language going forward. That seems the most likely candidate for a surprise.
So we had second 25bp rate cut in a row as we hoped and also confirmation QT is ending 1st December yet Bitcoin falls down to $110k , pure manipulation.
All we can do is hold, a run up past new highs is due any week now.
Yes, all we can do is hold.
This is a usual reaction that every news that's about to come and now it has come, the market had already reacted.
And with the next move, I think it's better that we have seen a correction first as it sets for the next run. So, if it doesn't react later, we'd see it go from the weekends to next week for its recovery.
"Buy the news sell the rumors."
When people like OP expect the price of Bitcoin to pump to $125,000, but the opposite happened, Bitcoin dumped. So for me, I think the recent pumped we already made upto $115,000 before the rate cut announcement is already the pump for that, that's why what happened right now is we dumped.
The thing I was looking for was the fed announcement on ending QT, thats potentially a big bullish thing for bitcoin. Its ending Dec 1st, now everyone together all at once say Money printer go brrr
I honestly dont think that has been priced in fully yet, but am hoping we close Oct in the green on the monthly
You are very much correct. The market has dumped after the cutting of the rates which also implies that traders were using this as a sell the news occurrence where they can begin short selling bitcoin and other cryptocoins.
This will be very headshaking if this will be really the beginning of another boring market for another 2 months before the next pump.
This may not really have impact at all the times influencing the market performance to rise or fall, it all depends on how the economic activities worked in line with how the bitcoin market responded alongside, though I can see a little fall already from what we had on Monday to what the market says on Wednesday, but am still with the expectation that there should be more of the pump for now in bitcoin price.
Markets have dumped instead of rising due to uncertainty in Powell's statement. He was quite hawkish when answering reporters that a rate cut in December was still too far away because inflation remained quite high at 3%. Or the job market, while weak, is not as bad as people think, so there is no need to rush to cut interest rates.
As in previous meetings, it was his statements that moved the markets, not the many traders taking advantage of the news to sell the news. If Powell had taken a more dovish stance and signaled another rate cut in December, things might have been different.
But the market is not only dependent on interest rates, tariff wars are also an equally important factor. So let's wait and see how the meeting between Trump and Xi Jinping will go.
The Fed rate cut didn't change a thing. What mattered more was what was said during the conference. And the reason why we dumped is because traders now are expecting less of a chance of another rate cut in December.
Before his speech it was pretty much priced in, something like 95% chance of a rate cut in December, but now its more like 65-70% or so. Alot of this depends on the data. If the unemployment numbers are bad or if inflation is still bad, then it will have an effect on the outcome.
It was actually pretty surprising, everyone assumed the rate cut for December was gauranteed but today its sending mixed signals.
Don't be too certain that economic news will positively impact Bitcoin's price movements. Just look, after the statement, Bitcoin's price actually dropped by around 6%. This happened because the decision was already priced in by the market, leading many to take profits, ultimately negatively impacting Bitcoin's price. So, a rate cut, or any news like it, doesn't always automatically increase Bitcoin's price; on the contrary, it can trigger selling if market expectations are already formed beforehand.
Yeah lets just see what happens then. All i hear is rate cuts is good for crypto yet last few times they have been cut we have seen bad few days for bitcoin at first before recovery.
Either way i still expect to see a new high for bitcoin by middle of November.
We'll be in two days until November, and if things turn out well for Bitcoin at the beginning of the month, it's possible that by mid-month, Bitcoin could return to its highs if corrective pressure doesn't return to the market. I also hope for better things for Bitcoin through the effects of the interest rate cuts that have already occurred, but we must also understand that these cuts don't always have such a surprising effect on the Bitcoin price, although previous interest rate cuts have shown surprising results.