Bitcoin’s rally now hinges on “shadow chair” bet that demands violent, immediate dollar collapse
Bitcoin’s recent rebound came as traders raised the probability of a December Federal Reserve rate cut, the dollar eased, and attention turned to who will lead the central bank after Jerome Powell’s term ends in 2026. Futures markets moved the odds of a 25-basis-point cut this month into the mid-to-high 80% range, a shift that...
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