Bitcoin taps $94K as odds of a rate cut tomorrow reach 96%Bitcoin taps $94K as odds of a rate cut tomorrow reach 96%
Bitcoin Price Soars to $94K on Escalating Odds of Another Rate Cut
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.
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 Bitcoin Price Soars to $94K on Escalating Odds of Another Rate Cut appeared first on CryptoPotato.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Kyiv’s E-Points Drone Marketplace—An Amazon For Frontline Units
The post Kyiv’s E-Points Drone Marketplace—An Amazon For Frontline Units appeared on BitcoinEthereumNews.com. An FPV drone pilot prepares a drone for flight. (Photo by Ivan Antypenko/Suspilne Ukraine/JSC “UA:PBC”/Global Images Ukraine via Getty Images) Global Images Ukraine via Getty Images The tall, bearded officer, code-named Prickly—like all Ukrainian fighters, he uses a call sign to protect his identity—is proud as a peacock of what he has done in six months at the helm of his frontline drone unit, and he gives some of the credit to Kyiv’s new “e-point” system, Army of Drones Bonus. He and several of his men explain how the system works in an interview near a former farmhouse in eastern Ukraine. The yard is littered with military equipment and junk, including the farmer’s much-worn living-room furniture, now arranged around a makeshift fire pit. Several stray cats and a mangy dog come and go as we talk. “We’ve improved our performance by a factor of 10,” the commander boasts. “We know that thanks to the drone points system, which measures how many men we kill and how much equipment we destroy.” After more than three and a half years of fighting, drones have transformed the battlefield in Ukraine. Every operation depends on uncrewed platforms, either to carry out the mission or protect soldiers. Units work with an increasingly varied drone arsenal—large and small devices, powered by rotors and fixed wings, guided by radio waves and fiber optic cable. Kyiv and Moscow are locked in a deadly technology race, constantly competing to counter the other side’s latest developments, and things change so fast that an wounded fighter returning to the front after just a few months away can no longer recognize his unit’s tactics. Estimates suggest that unmanned aerial vehicles are responsible for up to 80% of battlefield casualties. The top brass in Kyiv struggle to keep up with this innovation—both the…
Share
BitcoinEthereumNews2025/09/20 03:52
Shiba Inu Price Forecast: Why This New Trending Meme Coin Is Being Dubbed The New PEPE After Record Presale
While Shiba Inu (SHIB) continues to build its ecosystem and PEPE holds onto its viral roots, a new contender, Layer […] The post Shiba Inu Price Forecast: Why This New Trending Meme Coin Is Being Dubbed The New PEPE After Record Presale appeared first on Coindoo.
Share
Coindoo2025/09/18 01:13
The U.S. Department of Justice files civil forfeiture lawsuit for over $225 million in crypto fraud funds
PANews reported on June 18 that according to an official announcement, the U.S. Department of Justice filed a civil forfeiture lawsuit in the U.S. District Court for the District of
Share
PANews2025/06/18 23:59