Bitcoin

Polymarket

Bitcoin’s price shot up to an intraday high of around $94,600 minutes ago. This marks a 3.5% increase over the past 24 hours, sparking hopes of a prolonged recovery and a push toward the coveted $100,000 level.The increase comes a day before the next meeting of the US Federal Reserve, where they will announce their decision on the current interest rates.At the time of this writing, Polymarket places 96% chances of success for bets predicting a 25 bps cut tomorrow.<a href="https://cryptopotato.com/wp-content/uploads/2025/12/Screenshot-2025-12-09-at-19.33.11.png" rel="noopener noreferrer nofollow"><img class="aligncenter size-full wp-image-1422795" src="https://cryptopotato.com/wp-content/uploads/2025/12/Screenshot-2025-12-09-at-19.33.11.png" alt="Screenshot 2025-12-09 at 19.33.11" width="1104" height="1312"></a>Meanwhile, the most recent move left more than $66 million in leverage short positions liquidated in the past hour alone.For the past day, the total sum of liquidations has approached $400 million, over $311 million of which are short traders.The post <a href="https://cryptopotato.com/bitcoin-price-soars-to-94k-on-escalating-odds-of-another-rate-cut/" rel="noopener noreferrer nofollow">Bitcoin Price Soars to $94K on Escalating Odds of Another Rate Cut</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Bitcoin Price Soars to $94K on Escalating Odds of Another Rate Cut

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