Bitcoin in Modest Rally Mode After Thanksgiving as December Fed Rate Gets Locked In
Crypto-related stocks are higher across the board, led by the bitcoin miners.
Crypto-related stocks are higher across the board, led by the bitcoin miners.
Rising odds of a Fed pivot helped calm crypto markets, while QCP and Glassnode point to a reset in leverage, fading sell pressure, and early signs of a bottoming structure as traders hedge both downside and late-year upside.
Markets are further dialing back expectations for another interest rate cut this year after the Bureau of Labor Statistics said it won’t release jobs data for October and the November report will be delayed until after the Federal Reserve’s December. Traders on the Chicago Mercantile… Read More
A solid down day in crypto is morphing into a plunge after Federal Reserve Chairman’s unexpectedly hawkish remarks at his post-policy meeting press conference. “A rate cut in December is far from a foregone conclusion,” said Powell in his opening remarks. That was a shock… Read More
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC$113,421.04 is hovering around $113,000 after dropping 1.4% in 24 hours, while the broader crypto market, measured via the CoinDesk 20 (CD20) index, fell 2%. The declines come amid a rotation into stablecoins ahead of… Read More
Open interest climbing from $25 billion to nearly $30 billion reflects fresh leverage entering the market — a double-edged sword that could amplify upside momentum above $112,000 but heighten liquidation risks below $110,000, an analyst noted.