Eric Trump Said A Fed Rate Cut Would Result In Crypto Skyrocketing, But The Majority Of Polymarket Bettors Have A Sobering View On Bitcoin
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Despite Eric Trump's prediction that a Federal Reserve rate cut would boost cryptocurrency prices, Polymarket bettors remain skeptical about Bitcoin's future. Current odds show only a 5% chance of Bitcoin exceeding $125,000 by September, with a 29% likelihood of it staying below $107,000. Following the Fed's quarter-point rate cut, Bitcoin's price has dropped by 4.35% to below $113,000, contradicting the typical bullish sentiment associated with rate cuts.
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