Market Analysis

The probability of a U.S. Federal Reserve rate cut in December has jumped to 79%, driven by a cooling labor market. This shift towards ’easier money’ is boosting risk assets, with Bitcoin trading higher alongside stocks and gold.

Technical analysts are warning that Bitcoin may be entering a new crisis phase, with bearish signals like the death cross pattern and increasing loss-taking by investors.

While the broader crypto market struggles, privacy-focused coins like Monero (XMR) and Zcash (ZEC) are posting significant gains. Renewed exchange listings and growing demand for financial anonymity are fueling their rally.

Dutch crypto analyst Michaël van de Poppe calls the current market the worst since 2018, citing ’total capitulation.’ He attributes the crash to the unwinding of Japan’s carry trade and reveals a painful 75% loss in his own altcoin portfolio.

Bridgewater Associates founder Ray Dalio stated in a CNBC interview that Bitcoin will not become a new world currency, citing issues with transparency and potential quantum computing threats. He also warned that the U.S. economy is in a bubble that is 80% complete.

Robert Kiyosaki, author of ‘Rich Dad Poor Dad’ and known Bitcoin advocate, has sold nearly €2 million worth of Bitcoin at $90,000 per coin, surprising his followers. He plans to reinvest in passive income opportunities while remaining bullish on Bitcoin long-term.

Bitcoin’s price has plummeted, with realized losses reaching levels not seen since the FTX collapse in 2022. Short-term holders are capitulating as market sentiment hits ‘Extreme Fear’, raising questions about the end of the bull market and when a price bottom might be in sight.

After a day of heavy outflows, Bitcoin funds saw a significant inflow of $238 million, with major funds like BlackRock’s IBIT leading the recovery. Ethereum and Solana funds also showed positive signs, though many Bitcoin investors remain in the red due to recent price drops.

Veteran trader Peter Brandt predicts Bitcoin won’t reach $200,000 until Q3 2029, tempering expectations amid recent price declines and market division.

Early Bitcoin investor Owen Gunden has sold his entire holdings of 11,000 BTC worth $1.3 billion after 14 years of dormancy, as the crypto market faces significant pressure.