Bitcoin

Bitcoin has reclaimed the $90,000 level, but underlying on-chain and futures market data suggest the recovery lacks conviction. Weak buying interest, underwater short-term holders, and declining open interest indicate the market may be poised for another downturn.

Bitcoin is trapped in a narrow range after a strong rally, facing a sell wall at $92,000. The broader market is also fading, with significant losses for Solana, Cardano, and other altcoins.

Bitcoin’s price is stuck in a tightening range after hitting $92,000, facing strong selling pressure. With US markets returning from a short holiday, the broader crypto market is also seeing minor losses, with altcoins like Solana and Cardano leading the decline.

Bitcoin is down nearly 17% in November, potentially marking the worst November since 2018, but market sentiment shows signs of recovery with the Fear & Greed Index improving.

Didi Taihuttu of the Bitcoin Family clarifies that he hasn’t sold all his bitcoins, explaining his strategy of separating holdings into a long-term hodl stack and an active trading stack.

The recent market crash is not a crypto-specific crisis but a macroeconomic shock, driven by factors like Japan’s interest rates. This capitulation event could signal the start of the next bull run.

Despite a recent price recovery, a technical analyst warns that Bitcoin may be setting a bull trap. A head-and-shoulders pattern suggests a potential drop to the $40,000-$48,000 range, urging caution against FOMO-driven longs.

Tom Lee, known for his Bitcoin optimism, has softened his $250,000 year-end target, now focusing on a potential return to $125,000. He still expects Bitcoin to exceed $100,000 by year-end amid recent market volatility.

S&P Global Ratings has downgraded Tether’s USDT to its lowest stability level, citing insufficient reserves to cover a major Bitcoin price drop and a growing portfolio of risky assets.

Kevin Hassett, a key figure in Donald Trump’s pro-crypto administration and a proponent of lower interest rates, has emerged as the frontrunner to replace Jerome Powell as Federal Reserve Chair. The appointment comes amid signs of internal stress at the Fed and has significant implications for the crypto market.