"While we saw a small pullback in bitcoin on the back of the news, in general, risk assets seem to be acting as if a March rate cut was still on the table, even though the vast majority of market participants don't expect this," Oliver Rust, head of product at independent economic data provider Truflation said.
"A Polymarket contract gives a 59% chance that bitcoin will hit an all-time high in 2024, while another gives a 66% chance that BTC will hit an all-time high before ETH."
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