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5d ago

Kevin O’Leary Rejects December Fed Cut Bets, Says Bitcoin Likely to Stay in a Tight Range

Traders assign roughly an 88–89% probability to a December rate cut, according to CME’s FedWatch Tool.

Kevin o’leary: december fed rate cut won’t move bitcoin much
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Overview

  • Kevin O’Leary says he does not expect the Federal Reserve to cut rates this month and is not positioning investments for an easing move.
  • He forecasts Bitcoin will drift within about 5% of current levels near $91,000 regardless of the Fed’s decision.
  • Bitcoin has declined roughly mid‑teens over the past 30 days, based on CoinMarketCap data cited in the reports.
  • Cut odds rebounded from about 33% in mid‑November after New York Fed President John Williams signaled reductions could come “in the near term,” following Fed cuts in September and November.
  • O’Leary contends altcoins are failing to recover as investors concentrate on Bitcoin and Ethereum, claiming those two capture 97.5% of market returns, with an Altcoin Season Index reading near 23.