Bitcoin News Today: "Presale Mania Meets Fed Announcements as Bitcoin Struggles to Break Past $90K Barrier"
- Bitcoin rose above $87,000 amid bets on Fed rate cuts, but faces $90K technical resistance amid liquidity gaps and sell walls. - Presale frenzy driven by limited-whitelist projects like Apeing Whitelist fuels FOMO, mirroring memecoin trends despite declining platform revenues. - Fed policy uncertainty and G20 geopolitical tensions shape markets , while crypto infrastructure faces risks from U.S. chip export policies. - Mixed traditional market performance highlights crypto's precarious path, with ETF inf
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This week’s U.S. economic agenda highlights key inflation data, such as the S&P Global Manufacturing and Services PMI for November, which may sway the Fed’s next moves. Although Fed Chair Jerome Powell has recently expressed caution regarding rate cuts, leaving traders uncertain,
Bitcoin’s latest rally has faced resistance from technical barriers. Market observers have pointed out that price surges over the weekend often lose steam when institutional traders return, with the liquidity void between $88,000 and $91,000 representing a significant hurdle for bulls. "
Geopolitical factors are also in play. The G20 summit in Johannesburg went ahead without U.S. representation, as
In traditional finance, stock markets delivered mixed results, with Asia-Pacific shares rising 0.4% as traders speculated on potential Fed easing. However, Chinese equities underperformed amid worries about U.S. chip export restrictions, an issue that also
The outlook for Bitcoin remains uncertain. While inflows into ETFs and a strong market capitalization point to ongoing bullishness, doubts from institutional players and liquidity gaps highlight the risk of a downturn. For now, the market’s focus on possible rate cuts and geopolitical events shows how macroeconomic signals and speculative trading continue to intersect.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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