Bitcoin\u2019s 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.<\/p>\n
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.<\/p>\n
At the time of this writing, Polymarket places 96% chances of success for bets predicting a 25 bps cut tomorrow.<\/p>\n
<\/a><\/p>\n Meanwhile, the most recent move left more than $66 million in leverage short positions liquidated in the past hour alone.<\/p>\n For the past day, the total sum of liquidations has approached $400 million, over $311 million of which are short traders.<\/p>\n The post Bitcoin Price Soars to $94K on Escalating Odds of Another Rate Cut<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s 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 […]<\/p>\n","protected":false},"author":0,"featured_media":119066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-119065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/119065"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=119065"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/119065\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/119066"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=119065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=119065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=119065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a><\/p>\nMeanwhile, the most recent move left more than $66 million in leverage short positions liquidated in the past hour alone.<\/p>\nFor the past day, the total sum of liquidations has approached $400 million, over $311 million of which are short traders.<\/p>\nThe post Bitcoin Price Soars to $94K on Escalating Odds of Another Rate Cut<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin\u2019s 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 […]<\/p>\n","protected":false},"author":0,"featured_media":119066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-119065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/119065"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=119065"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/119065\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/119066"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=119065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=119065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=119065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-09-at-19.33.11.png\"){kind=link}