The post Crypto Traders Bet on Bitcoin Hitting $100K by Year-End Amid Dovish Fed Pivot appeared on BitcoinEthereumNews.com. Crypto traders are increasing their bets that Bitcoin’s price will hit $100,000 before the year ends. This follows BTC’s reclaim of the psychological $90,000 level, with optimism that the Fed will lower rates at next month’s FOMC meeting. Odds Of Bitcoin Hitting $100k Rise To 52% Polymarket data shows a 52% chance that BTC will hit $100,000 before the year ends. The odds have increased by over 17% amid the flagship crypto’s recent surge above $90,000. Source: Polymarket Bitcoin had dropped below $100,000 earlier this month for the first time since June, sparking concerns of a bear market. BTC dropped to as low as $81,000 but has since recovered amid optimism of another rate cut in December. As CoinGape reported, the odds of a December Fed rate cut have climbed to 85%, after dropping to as low as 30% last week. The surge in the rate-cut odds followed Fed President John Williams’ remarks, which signaled his support for another near-term cut. Meanwhile, the PPI inflation report also strengthened the case for another cut, as it indicated that the softening labor market is a greater concern than rising inflation. Furthermore, as part of the dovish Fed pivot, the U.S. central bank plans to end quantitative tightening (QT) on December 1, which could pave the way to quantitative easing (QE). This provides a bullish outlook for Bitcoin and other risk assets as more liquidity could flow into them. Ark Invest’s CEO, Cathie Wood, recently stated that they expect the liquidity squeeze to end within a month, alluding to the Fed’s dovish pivot. Tom Lee Predicts Year-End Rally Above $100k During an interview on CNBC’s Closing Bell, BitMine’s Chairman, Tom Lee, stated that Bitcoin is likely to be above $100,000 by year-end. He also raised the possibility that the flagship crypto could reach… The post Crypto Traders Bet on Bitcoin Hitting $100K by Year-End Amid Dovish Fed Pivot appeared on BitcoinEthereumNews.com. Crypto traders are increasing their bets that Bitcoin’s price will hit $100,000 before the year ends. This follows BTC’s reclaim of the psychological $90,000 level, with optimism that the Fed will lower rates at next month’s FOMC meeting. Odds Of Bitcoin Hitting $100k Rise To 52% Polymarket data shows a 52% chance that BTC will hit $100,000 before the year ends. The odds have increased by over 17% amid the flagship crypto’s recent surge above $90,000. Source: Polymarket Bitcoin had dropped below $100,000 earlier this month for the first time since June, sparking concerns of a bear market. BTC dropped to as low as $81,000 but has since recovered amid optimism of another rate cut in December. As CoinGape reported, the odds of a December Fed rate cut have climbed to 85%, after dropping to as low as 30% last week. The surge in the rate-cut odds followed Fed President John Williams’ remarks, which signaled his support for another near-term cut. Meanwhile, the PPI inflation report also strengthened the case for another cut, as it indicated that the softening labor market is a greater concern than rising inflation. Furthermore, as part of the dovish Fed pivot, the U.S. central bank plans to end quantitative tightening (QT) on December 1, which could pave the way to quantitative easing (QE). This provides a bullish outlook for Bitcoin and other risk assets as more liquidity could flow into them. Ark Invest’s CEO, Cathie Wood, recently stated that they expect the liquidity squeeze to end within a month, alluding to the Fed’s dovish pivot. Tom Lee Predicts Year-End Rally Above $100k During an interview on CNBC’s Closing Bell, BitMine’s Chairman, Tom Lee, stated that Bitcoin is likely to be above $100,000 by year-end. He also raised the possibility that the flagship crypto could reach…