The probability of a January rate cut from the Federal Reserve has taken a sharp turn—sliding from 28.8% down to just 13.3%. This marks a significant shift in market expectations around near-term monetary policy. For crypto markets, tighter Fed stance scenarios reshape liquidity conditions and investor positioning. The sharp drop in cut probability reflects updated economic data and inflation readings, signaling that near-term relief from rate pressure may be further out than previously priced in. Traders and portfolio managers are recalibrating their 2025 strategies accordingly.