Fed Rate Cut This Month? Bitcoin Price Impact Explained! youtube.com/shorts/T2I3rJfe3… via @YouTube
Bitcoin Update: Bitcoin is trading around $92,500–$94,000 and up roughly 1%–3% on the day after surging back above $90,000, its best stretch since April, following heavy short-covering and a washout of leveraged bets. The move is being described in Financial Press as a relief rally after a $1 trillion crypto market value drawdown since October’s $126,000 peak, with sentiment still cautious and ETF inflows muted.
Bitcoin Update: Bitcoin rebounded to $92,418.50, up 1.21%, as implied volatility indices like BVIV dropped to 51% from 65%, signaling fading panic and potential year-end bull run. Surging odds of a December Fed rate cut to 87% reduced demand for put options, stabilizing sentiment despite ongoing downtrend risks below $98,000.
Bitcoin rebounded to $87,668 (+3.5%) after a deep six-week loss of 35%, recovering from 'extreme oversold levels due to $200M in weekend liquidations. However, macro headwinds, investor retreat from risk assets, and ETF outflows signal ongoing vulnerability and a cautious outlook for crypto. Learn more at bitcoinjournal.net
Sponsored by Online Sales.
Check out Kitchen Closed Santa's In Charge Apron | Christmas Holiday Cooking ebay.us/m/oLYPs3 #eBay via @eBay
Bitcoin Journal Update 10/31/2024: Bitcoin fell nearly 4% this week, bucking its usual October trend as risk aversion grew amid continued global macro uncertainty and a hawkish Fed. Crypto’s decline diverged from rising tech equities, with traders showing caution after a brief flash crash earlier in the month.









