Bitcoin’s fate hangs on Jerome Powell’s every word as traders expect the Federal Reserve to announce its first rate cut in over a year. Markets are pricing in near-certainty of a cut at today’s Federal Open Market Committee, with the CME FedWatch tool flashing 94% odds of a 0.25% rate cut, and a 6% chance of an even deeper 0.50% slash. Polymarket punters give those cuts a 90% and 8% chance respectively. Market watchers, however, reckon that the quarter-point cut is already baked into prices — and it cou ...