Bitcoin has edged higher over the past day, with its 30-day Nasdaq correlation climbing above 0.50, despite global de-risking causing stock markets to fall, K33 Research reported. Analysts said the December FOMC meeting was seen as the main catalyst for the decline in risk assets, with the Federal Reserve lowering its forecast for the number of interest rate cuts in 2025 from four to two. Analysts said that despite the decline in global stock indexes, as the market prepares for the December 18 FOMC meeting, Federal Reserve Chairperson Jerome Powell said the pace of monetary easing will slow in 2025, and bitcoin remains stable