Bitcoin Dips Below $89K as December Rate Cut Odds Fall to 33%, Raising Bear Market Concerns

The odds of a December Federal Reserve rate cut have dropped to 33%, reflecting heightened investor caution amid persistent inflation concerns and a Bitcoin price decline below $89,000. This shift, tracked by the Chicago Mercantile Exchange, signals broader market unease in the cryptocurrency sector. December rate cut odds fall to 33%: Traders’ expectations have plummeted