The next FOMC meeting is upon us and @CMEGroup now has a 96% likelihood that a rate cut of 0.25% will be announced on December 18th.
During the last rate cut in November (0.25%), $BTC increased by 25.5% from the week before the FOMC meeting to the week after (🟠).
Obviously, the election played a pivotal role here, but a similar pattern occurred in September when the Fed first began to cut rates (0.50%): BTC increased by 12% from the week before the FOMC meeting to the week after (🔴).
Act accordingly 😈
h/t @tradingview
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