[NEWS] Bitcoin price below $100k as fear mounts over looming Fed decision

[bbc.reporter]

It  appears that there is beginning to be an increasing number of people who have become more bearish on bitcoin in the cryptospace which was caused by the speculation that the Federal Reserve in America might not be making a favorable decision on December.



Bitcoin and other cryptocurrencies were pummeled on Thursday over mounting fears the Federal Reserve would hold interest rates steady at a meeting next month.

Bitcoin fell 4%, to $98,200 — its lowest value since May. Ethereum fell 8% to $3,167, its lowest value since July.

The crypto crash is part of a larger rout that saw investors dump stocks across the board. The Nasdaq composite fell 2.3%.

The fall was driven, in part, by concern over the Fed’s next move. Its rate cutting campaign has helped boost stock markets this year, and rate cuts are generally a boon to risk-on assets, such as crypto.

But traders no longer expect the Fed to cut interest rates at its December 10 meeting.

Read in full https://www.dlnews.com/articles/markets/bitcoin-price-plummets-as-fear-mounts-over-fed-decision/



According to the rating on Polymarket, there is only a chance of 46% that the Federal Reserve will decide to reduce their funds rate next month. This was 90% before.



Source https://polymarket.com/event/fed-decision-in-december?tid=1763177738677

[Aanuoluwatofunmi]

It  appears that there is beginning to be an increasing number of people who have become more bearish on bitcoin in the cryptospace which was caused by the speculation that the Federal Reserve in America might not be making a favorable decision on December.

How we ended this month of November will determine what we may expect for December, am not moved at all, because even if we are set for the best season, it may not come this fast and on such manner, instead, if you're to ask me, I will o my mentioned that this is just a mere market reaction,which may not last long  before we see the continuous rise to all time high for the season

[adaseb]

Yeah there is a huge shift in the meeting expectation. What has changed? I think since the chance of a rate cut is less it means that the economy is doing better than expected because why else would he hold rates instead of cutting them.

Most likely there is some leak that the employment numbers are better than expected or the inflation is higher than expected, why else would it drop? Another theory can be that since the stock market is dropping, its an expectation that the rate cut odds are lowered as a result, basically completely opposite of what happened a few months ago, where we rallied because we knew rate cuts are finally happening and now we are going the other way.

Either way, these markets are hard to predict and trade.

[pooya87]

The only negative force in bitcoin market in the past 4 years has been recession and fear of recession.

Different things affect that recession, one of which is the interest rates that many countries have raised and have no plans on decreasing which has led to recession in all of them. Something that has only gotten worse with global tensions.

Another problem that is showing up a lot more recently is the destabilization of global economy and supply chains by the US regime. As I explained it a while ago these acts of aggression in order to destabilize the world in order to try to weaken Chinese economy is having a lot of side-effects, one of which is worsening both inflation and recession.
For the past couple of days the US regime has been talking more seriously about terrorizing yet another nation, this time in South America. If you check the date of the recent bitcoin price drop it coincides with the date the pedophile POTUS announced his plans to invade oil rich Venezuela.

[bbc.reporter]

@pooya87. I very much agree that a recession and the fear and also the speculation on when this will occur is a negative force that will cause dumps on bitcoin.

I also agree that the policies of the Donald has also been a cause of these fears. This might be very much why there are old bitcoin holders who are beginning to move their coins and have been speculated to be dumping. I reckon they are becoming more afraid on what might occur next year.

Are they speculating that a Big Short 2 occurrence might happen?



2025 has been the year when the most old coin $ value has come back to life.

$13.3B worth of coins aged 10yrs+ (with ~$9.5B from that one guy with 80k BTC).

$16.2B from 7 to 10yr coins

$22.7B From 5y to 7y (1-2 cycle holders)

Total 5y+ revived supply in 2025 is $52.2B

Source https://x.com/_checkmatey_/status/1986521929059344449?s=12

[Nathrixxx]

Am wondering if FED decisions are the only cause to the market fall we are having today, now it keeps going bearish and we already kissed $89,000 while the market has been rotating round within $91,000 and this calls for more speculations, to know if we are going to see more of it or instead begin to pump anytime soon, the fall is coming so massive this time around beyond our expectations, at least not this fast and quick.