🚨 Fed’s Rate Cut Odds Plummet as BTC Dives Below $89K: Panic in the Streets! 🚨

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Well, butter my biscuit and call me a wizard, the odds of a December interest rate cut by the Federal Open Market Committee (FOMC) have plummeted faster than a troll falling off a bridge! Down to a mere 33%, no less. And why, you ask? Because the crypto market is gripped by “extreme fear” (or as I like to call it, “Monday”), and Bitcoin has taken a nosedive below $89,000. 🪙💨

Back in the halcyon days of early November, investors were all “67% chance of a rate cut, hooray!” But then, faster than you can say “Ankh-Morpork stock market,” the odds dropped below 50% on Thursday. The Chicago Mercantile Exchange (CME) is looking at its crystal ball and seeing nothing but uncertainty. 📉

Meanwhile, over on the prediction markets Kalshi and Polymarket, traders are still clinging to hope like a dwarf clings to gold, with odds of 70% and 67%, respectively. But let’s face it, everyone’s as hesitant as a wizard at a dragon convention, thanks to that pesky inflation rearing its ugly head. The Kobeissi Letter says so, and who are we to argue? 🐉💸

All this doom and gloom has sparked a panic that would make a banshee proud. Analysts are now waving their arms and shouting that this could be the start of a crypto bear market longer than a Discworld winter. Brr. 🐻❄️

BTC Dips Below $89K: Market Sentiment Hits Rock Bottom (Almost)

Bitcoin, that fickle beast, has fallen below $90,000 again, failing to defend its support level like a guard who’s forgotten his sword. It’s been trading below its 365-day moving average for six whole days, which is basically an eternity in crypto time. ⏳

And if that wasn’t enough, the 50-day exponential moving average (EMA) has crossed below the 200-day EMA. They’re calling it the “death cross,” which sounds like something out of a bad fantasy novel. But hey, it’s not looking good for BTC. ☠️📉

Analysts are now predicting a drop to $75,000, where BTC might finally hit rock bottom before bouncing back by the end of 2025. Others are wondering if the cycle top is already behind us. Benjamin Cowen, market analyst extraordinaire, says, “If Bitcoin doesn’t bounce within a week, it’s probably going to dump again before a bigger rally.” Thanks, Ben, that’s reassuring. 🤔

All this chaos comes as crypto investor sentiment craters faster than a badly made pie. The “Crypto Fear & Greed Index” is sitting at a measly 16, which translates to “extreme fear.” That’s just one point above the yearly low, according to CoinMarketCap. So, yeah, everyone’s about as cheerful as a dwarf on a diet. 😱📊

In conclusion, it’s all gone a bit pear-shaped, hasn’t it? But hey, as they say in Ankh-Morpork, “When life gives you lemons, make sure they’re not being sold by CMOT Dibbler.” 🍋🤡

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2025-11-20 01:52