Bitcoin

The crypto market is up three percent, driven by positive sentiment ahead of Thanksgiving and expectations of a Fed rate cut in December. Tech stocks and ETF inflows also support the rise.

The U.S. government’s record interest payments signal the end of cheap money, with rising debt costs and a weakening economy. This article explores the implications for Bitcoin.

Bitcoin’s Sharpe ratio has dropped to near zero, a rare signal last seen in 2019 that has historically preceded major price moves. Analysts are divided on whether this signals a recovery or a trap.

A record $100 billion in interest payments by the U.S. in October signals the end of cheap money. This massive debt wall is colliding with a slowing credit cycle, increasing pressure on the Federal Reserve to cut rates, which could be crucial for Bitcoin’s bull market.

Dutch Bitcoin startup Blockrise has secured a MiCA license, allowing it to offer regulated Bitcoin services across the EU. The company plans to expand with a €15 million funding round and introduce Bitcoin-backed loans, aiming to become a major European player despite Bitcoin’s recent price volatility.

After a recent dip, the Bitcoin price is showing signs of recovery. Analyst CryptoRank.io suggests that with short-term holders at a loss, the market may be entering a key accumulation zone, presenting a potential buying opportunity.

The crypto market shows slight gains with a total cap above $3 trillion, but Bitcoin remains volatile and down 30% from its October peak. Analysts are split on whether the recent dip was the bottom or if further declines are likely.

While crypto prices dominate headlines, the U.S. 10-year Treasury yield is a key indicator of economic health that significantly impacts market sentiment and risk appetite, ultimately influencing the fate of assets like Bitcoin.

Dutch crypto analyst Madelon Vos has partnered with OKX to promote crypto education, and the exchange is offering up to €50 in bitcoin to new users to celebrate the collaboration.

This article examines the so-called ‘crypto-Thanksgiving effect,’ questioning its validity as a market driver. It analyzes Bitcoin’s historical performance during the Thanksgiving period and discusses potential market patterns for the current year, concluding that the holiday itself has little direct impact on crypto prices.