major stock indexes. Investors are expecting the Fed to lower interest rates this week during its two-day policy meeting, which will conclude Wednesday. The CME Fedwatch tool currently forecasts a 96% chance of a 25-basis-points cut. That would likely be positive for the price of bitcoin, which often trades like a tech stock and therefore benefits from lower interest rates. Lower interest rates also imply a weakening dollar and growing money supply – both of which have demonstrated long-term correlations with bitcoin. Bitcoin is now up nearly 8% for the month, 50% since the U.S. presidential election and 145% for the year. The promise of a friendlier regulatory environment and potential establishment of a national strategic bitcoin reserve in the incoming Donald Trump administration continues to be a positive catalyst for the digital asset and cryptocurrencies at large. Don’t miss these cryptocurrency insights from CNBC Pro: Potential inclusion of MicroStrategy into the ‘QQQ’ could mark a tech top. How to hedge Bitcoin bonanza: Your tax reporting could get complicated in 2025 Charts show bitcoin, ether could stall for another couple of weeks before resuming their uptrend This backdoor crypto play is the darling of Wall Street, making a bunch of 2025 top picks lists Bitcoin will double to $200,000 by the end of 2025, says Standard Chartered