O'Leary sees little chance of Dec rate cut, minimal impact on BTC

Billionaire entrepreneur and venture capitalist Kevin O'Leary believes the U.S. Federal Reserve is unlikely to cut interest rates in December, but this will have little effect on the price of Bitcoin. According to Cointelegraph, O'Leary stated that BTC is not expected to fall significantly from its current levels, regardless of a rate cut. He anticipates the cryptocurrency will fluctuate within a range of plus or minus 5% around the $91,000 mark for the time being, adding that he sees no major triggers for a significant rally. Meanwhile, the CME FedWatch Tool indicates that traders are pricing in an 89.2% probability of the Fed implementing a 25 basis point rate cut at its December FOMC meeting.