Bitcoin Slips to $58K as Fed Faces Split Rate Cut Expectations
"Rarely has the market gone into the Fed meeting with maximum uncertainty (halfway between 25bps and 50bps)," Marc Chandler, chief market strategist at Bannockburn Global Forex.
The Fed faces split rate cut expectations as markets price in 50% probability for both 25 bps and 50 bps move this Wednesday.
Bitcoin has pulled back from above $60,000 amid rate cut uncertainty....