The crypto market is showing a technical recovery, with Bitcoin (BTC) currently trading around the $92,000 mark and Ethereum (ETH) above $3,100. This minor rally follows a week of mixed institutional support, but futures Open Interest is rising, signaling sustained retail and risk-on sentiment for both assets. Looking ahead, the Federal Reserve's final meeting of the year (Dec 9-10) is dominating the narrative, with a near-unanimous expectation for a 25 basis point rate cut due to cooling economic data, which historically favors risk assets like crypto. Meanwhile, the political landscape under Donald Trump's administration is broadly seen as crypto-friendly, with early actions aiming to make the U.S. a "crypto capital" and potentially establishing a national digital asset stockpile, providing a positive long-term regulatory tailwind despite the short-term volatility. The past year has been a volatile one, and the future outlook remains bullish if rate cuts materialize as expected and the crypto-friendly political trend continues. 🚀💰🇺🇸#FedRateCutPrediction #SUIETFLaunched #BitcoinActivityPicksUp $BTC $GT $ETH
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SiamSarkar
· 12-08 17:04
📈 Crypto Market & Global Macro Update
The crypto market is showing a technical recovery, with Bitcoin (BTC) currently trading around the $92,000 mark and Ethereum (ETH) above $3,100.
📈 Crypto Market & Global Macro Update
The crypto market is showing a technical recovery, with Bitcoin (BTC) currently trading around the $92,000 mark and Ethereum (ETH) above $3,100. This minor rally follows a week of mixed institutional support, but futures Open Interest is rising, signaling sustained retail and risk-on sentiment for both assets. Looking ahead, the Federal Reserve's final meeting of the year (Dec 9-10) is dominating the narrative, with a near-unanimous expectation for a 25 basis point rate cut due to cooling economic data, which historically favors risk assets like crypto. Meanwhile, the political landscape under Donald Trump's administration is broadly seen as crypto-friendly, with early actions aiming to make the U.S. a "crypto capital" and potentially establishing a national digital asset stockpile, providing a positive long-term regulatory tailwind despite the short-term volatility. The past year has been a volatile one, and the future outlook remains bullish if rate cuts materialize as expected and the crypto-friendly political trend continues. 🚀💰🇺🇸#FedRateCutPrediction #SUIETFLaunched #BitcoinActivityPicksUp $BTC $GT $ETH