Kevin Hassett, director of the National Economic Council, said at the Wall Street Journal CEO Council event that there is "ample room" for rate cuts in the coming months, and that the rate cut could exceed the current expectation of 0.25%, a position consistent with President Trump's call to reduce borrowing costs. Hassett is seen as a popular successor to current Fed Chairman Powell, who will serve until May next year. Trump criticized Powell for showing reluctance to cut interest rates and hinted at a desire to fire him during his second term.

Bitcoin surged to $94,625 on December 10, a three-week high, with Santiment data showing a surge in calls for "higher" and "beyond" on social media, and FOMO sentiment has clearly returned. However, the Fed's interest rate decision has become the biggest variable, with the market expecting an 88.6% chance of a 25 basis point rate cut but only a 21.6% chance of another rate cut in January, and any hesitation about future rate cuts could be bearish.

Nick Timiraos, a Wall Street Journal reporter known as the "Fed mouthpiece," revealed that as many as 5 out of the 12 voting members of the Federal Reserve have publicly expressed reservations about cutting interest rates, and 10 out of the 19 total members believe there is no sufficient reason for easing. The market expects Fed Chair Powell to repeat the strategy from 2019: first lowering the interest rate to the 3.50%-3.75% range, and then adding stricter policy thresholds in the statement.

Bitcoin rose to $92,526 on December 10, with a daily increase of 1.92%. The core reason for Bitcoin's rise today is that Trump will interview candidates for Federal Reserve Chair this week. The leading candidate, Hassett, is seen as extremely dovish and may push rates further down from the current 3.5% to 3.75% to Trump's requested 1%. The market expects the Federal Reserve to cut rates by 25 bps on Wednesday, marking the third consecutive rate cut.

The Federal Reserve's overnight reverse repo operations reached $13.5 billion, which is a significant anomaly for professional traders tracking dollar liquidity. This sudden surge indicates a sharp increase in demand for short-term dollars within the banking system, possibly signaling tightening in the funding markets or shaken confidence among institutions. As a liquidity-sensitive asset, Bitcoin was the first to react to this change over the weekend, experiencing price volatility. Bitcoin is no longer independent from the US dollar system; instead, it is deeply embedded within the global liquidity cycle.

Whether Bitcoin can reach $100,000 before New Year's Eve depends on investors' reactions to the Federal Reserve's policy shift, as well as the market's response to the soaring debt of major tech and AI companies. The Fed officially ended its quantitative tightening policy on December 1, and this week’s rate cut is all but certain. U.S. money market funds have reached a record $8 trillion in size, and rising tech credit risk could drive capital flows into scarce assets like Bitcoin.

The price of Bitcoin dropped by $2,000 before Sunday’s close, falling to nearly $87,000 at one point, but rebounded to around $90,000 on December 8. Cryptocurrency analyst Michaël van de Poppe predicts that FOMC-related jitters may trigger a pullback, after which Bitcoin will quickly rebound and move toward $100,000 within the next 1 to 2 weeks.