"Bitcoin price has tumbled to its lowest level in six months, trading from below $92,000 to the $95,000s range today, only less than six weeks from hitting a record highs near $126,000 in early October. The roughly 30% decline comes as traders grapple with renewed uncertainty over whether the Federal Reserve will cut interest rates at its December meeting. At the time of publishing, the lowest Bitcoin price recorded today was $91,158, per Bitcoin Magazine data."
"Analysts say a sharp shift in market sentiment is driving the latest crypto downturn. Henry Allen of Deutsche Bank warned that investors shouldn't "underestimate the impact" of the Fed's increasingly hawkish stance, which has often lined up with broad market sell-offs. Big institutions are pulling back too: crypto ETFs saw $1.8 billion in outflows last week, including a hefty $870 million pulled from Bitcoin products on Thursday alone."
Bitcoin fell roughly 30% from early October highs near $126,000 to intraday lows around $91,158, trading in the $95,000s range today. Missing economic data after a 43-day government shutdown has prompted caution at the Federal Reserve, with Chair Powell saying a further rate reduction is not a foregone conclusion and Boston Fed President Susan Collins suggesting rates may stay elevated for some time. Analysts link the decline to a shift in market sentiment and increasing Fed hawkishness, while crypto ETFs recorded $1.8 billion in outflows last week. Political tailwinds faded after tariff news triggered a massive liquidation event, and technical indicators flashed a bearish "death cross."
Read at Bitcoin Magazine
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