Bitcoin

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Bitcoin and the broader crypto market are down today, but investors remain hopeful for a year-end rally. The Fear & Greed Index shows fear, but sentiment has improved.

After a significant drop from its all-time high, an analyst known as Mister Crypto suggests Bitcoin may have found its bottom. Citing whale activity and technical indicators, he predicts a potential rally, though cautions that the broader market sentiment remains bearish.

Bitcoin is showing signs of a cautious recovery, supported by dovish Fed signals and shifting ETF flows. However, analysts remain cautious, questioning if the uptrend is strong enough to reverse the recent downtrend, with key technical levels in focus.

After a period of sharp decline, Bitcoin’s volatility is decreasing, leading analysts to speculate about a potential ‘Santa Rally’ before the end of the year.

In a keynote at Bitcoin Amsterdam, Jordy den Toom argues that with the traditional financial pillars of saving, housing, and pensions failing Generation Z, Bitcoin offers a necessary new foundation for building wealth and securing a financial future.

The US labor market is showing clear signs of strain, with layoffs surging to two-year highs. This economic weakening creates short-term headwinds for Bitcoin but could pressure the Federal Reserve into rate cuts, potentially offering medium-term support.

Nasdaq is proposing to quadruple the daily options contract limit for BlackRock’s iShares Bitcoin Trust (IBIT) to one million, a level currently reserved for major stocks like Apple and Nvidia. The move is driven by massive trading volume and growing institutional demand, signaling Bitcoin’s maturation as a mainstream financial asset.

After weeks of declines, the crypto market rebounds with nearly all top 10 coins posting double-digit gains. Bitcoin rises 10% this week to $92,500, Ethereum gains 12% to $3,082, and XRP leads with a 17% weekly increase.

An analyst is drawing parallels between Bitcoin’s current price action and a 45% rally in late 2015. However, critics warn that market conditions have fundamentally changed in the past decade, making the comparison potentially misleading.