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Bitcoin surged on Thursday, climbing back above the $90,000<\/strong> level as markets sharply increased their expectations that the U.S. Federal Reserve will cut interest rates in December. The world\u2019s largest cryptocurrency last traded 4% higher at $91,201.6<\/strong> by 01:54 ET (06:54 GMT).<\/p>\n\n\n\n The rebound comes after Bitcoin briefly plunged to around $80,000<\/strong> last Friday \u2014 its weakest level since April \u2014 before sentiment shifted on growing optimism that monetary policy easing is imminent.<\/p>\n\n\n\n Markets now assign roughly an 85% probability<\/strong> to a 25-basis-point cut<\/strong> at the Fed\u2019s December 9\u201310 meeting \u2014 nearly double the 44% odds<\/strong> seen just a week ago. Lower rates generally benefit \u201crisk assets\u201d such as Bitcoin by increasing system liquidity and driving investors toward higher-yielding alternatives.<\/p>\n\n\n\n Still, some caution persists. U.S. inflation remains sticky, and macroeconomic data has been mixed, raising uncertainties over how aggressive the Fed will be. That has left some analysts questioning whether Bitcoin\u2019s rally is a durable trend or simply a short-term bounce.<\/p>\n\n\n\n Adding to bullish sentiment, the potential nomination of Kevin Hassett<\/strong> \u2014 viewed as more dovish and aligned with President Donald Trump\u2019s push for lower rates \u2014 as the next Fed Chair is fueling speculation of a more accommodative monetary stance in the years ahead.<\/p>\n\n\n\n In major industry news, South Korea\u2019s Naver Financial<\/strong>, the payments arm of tech group Naver Corp, has agreed to acquire Dunamu<\/strong>, operator of the Upbit exchange, in a deal valued at around $10 billion<\/strong>.<\/p>\n\n\n\n The acquisition will occur via a stock swap, making Dunamu a wholly owned subsidiary of Naver Financial. Improved risk appetite pushed most altcoins higher on Thursday:<\/p>\n\n\n\n Bitcoin surged on Thursday, climbing back above the $90,000 level as markets sharply increased their expectations that the U.S. Federal Reserve will cut interest rates in December. The world\u2019s largest cryptocurrency last traded 4% higher at $91,201.6 by 01:54 ET (06:54 GMT). The rebound comes after Bitcoin briefly plunged to around $80,000 last Friday \u2014 …<\/p>\n","protected":false},"author":9,"featured_media":54500,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,36],"tags":[],"class_list":["post-121228","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=121228"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121228\/revisions"}],"predecessor-version":[{"id":121229,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121228\/revisions\/121229"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/54500"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=121228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Fed Rate-Cut Bets Accelerate; Focus Turns to Fed Chair Succession<\/strong><\/h3>\n\n\n\n
Naver Financial to Acquire Upbit Operator in Landmark $10 Billion Deal<\/strong><\/h3>\n\n\n\n
The companies said the merger will combine Naver\u2019s vast digital payments ecosystem with Upbit\u2019s dominant crypto trading position, creating one of the largest fintech and digital-asset integrations in South Korea to date. The move is expected to strengthen Naver\u2019s push into blockchain-powered financial services pending regulatory approval.<\/p>\n\n\n\nCrypto Market Today: Altcoins Track Bitcoin Higher<\/strong><\/h3>\n\n\n\n
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