Crypto Uga
I specialize in crafting clear, engaging content that demystifies complex blockchain and cryptocurrency topics for a broad audience of cryptocurrency users.
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Yes, Crypto will explode ๐ฅ
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No, other factors will push it
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10 votes โข Voting closed
๐๐ Dalio Warns: AI Bubble Won't Burst Yet, It's Too Early to Exit
๐ง Billionaire investor Ray Dalio, the founder of Bridgewater Associates, holds the belief that even if one is concerned that the market frenzy is a bubble on the verge of bursting, one should not hastily abandon the field of artificial intelligence (AI).
๐ฏ In an interview with CNBC on Thursday, he stated that he is firmly convinced that the current stock market is deeply trapped in a bubble, but this still is not a valid reason for investors to exit AI trades. Dalio explained to the media that the reason why investors should remain in the market is straightforward: the conditions for the current bubble to burst simply do not exist. "Do not sell merely because of a bubble," said the legendary fund manager. "One needs to time it. What will cause the bubble to burst? Usually, it is the tightening of monetary policy, and we are not facing such a situation at present."
โ๏ธ In Dalio's opinion, the bubble will only burst when there is a demand for asset liquidation in the market. He speculated that events like the Federal Reserve raising interest rates or consumers facing a wealth tax could trigger sell-offs. In the foreseeable future, both of these scenarios seem unlikely to occur in the market. "I want to emphasize again that the stock market may potentially rise significantly before the bubble bursts," Dalio added.
#AI #RayDalio
๐ง Billionaire investor Ray Dalio, the founder of Bridgewater Associates, holds the belief that even if one is concerned that the market frenzy is a bubble on the verge of bursting, one should not hastily abandon the field of artificial intelligence (AI).
๐ฏ In an interview with CNBC on Thursday, he stated that he is firmly convinced that the current stock market is deeply trapped in a bubble, but this still is not a valid reason for investors to exit AI trades. Dalio explained to the media that the reason why investors should remain in the market is straightforward: the conditions for the current bubble to burst simply do not exist. "Do not sell merely because of a bubble," said the legendary fund manager. "One needs to time it. What will cause the bubble to burst? Usually, it is the tightening of monetary policy, and we are not facing such a situation at present."
โ๏ธ In Dalio's opinion, the bubble will only burst when there is a demand for asset liquidation in the market. He speculated that events like the Federal Reserve raising interest rates or consumers facing a wealth tax could trigger sell-offs. In the foreseeable future, both of these scenarios seem unlikely to occur in the market. "I want to emphasize again that the stock market may potentially rise significantly before the bubble bursts," Dalio added.
#AI #RayDalio
๐จ๐จ Cryptocurrency Fear and Greed Index Drops to 14, Signaling 'Extreme Fear' in the Market ๐ฅต
๐ฅต๐ฅต Based on alternative data, the Fear and Greed Index of cryptocurrencies today dropped to 14 (compared to 11 yesterday), with a weekly average of 16, suggesting that the market sentiment is in a state of "extreme fear".
โ๏ธโ๏ธ Note: The threshold of the Fear Index is 0-100 and consists of the following indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + $BTC 's Dominance (10%) + Google Trends Analysis (10%). (Lookonchain)
#BTCVolatility #BTC90kBreakingPoint
๐ฅต๐ฅต Based on alternative data, the Fear and Greed Index of cryptocurrencies today dropped to 14 (compared to 11 yesterday), with a weekly average of 16, suggesting that the market sentiment is in a state of "extreme fear".
โ๏ธโ๏ธ Note: The threshold of the Fear Index is 0-100 and consists of the following indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + $BTC 's Dominance (10%) + Google Trends Analysis (10%). (Lookonchain)
#BTCVolatility #BTC90kBreakingPoint
๐ง The probability of a 25 basis point interest rate cut by the Federal Reserve in December is 39.6%.
๐ Based on CME's "FedWatch": The likelihood of a 25-basis-point rate cut by the Fed in December is 39.6%, and the likelihood of no rate adjustment is 60.4%.
๐ง The probability of a cumulative 25-basis-point rate cut by the Fed by January of next year is 50.2%, the probability of no rate change is 29.7%, and the probability of a cumulative 50-basis-point rate cut is 20.2%.
#USJobsData
๐ Based on CME's "FedWatch": The likelihood of a 25-basis-point rate cut by the Fed in December is 39.6%, and the likelihood of no rate adjustment is 60.4%.
๐ง The probability of a cumulative 25-basis-point rate cut by the Fed by January of next year is 50.2%, the probability of no rate change is 29.7%, and the probability of a cumulative 50-basis-point rate cut is 20.2%.
#USJobsData
๐ฅ๐ฅ Bitcoin's value is based on its 'service' - Bitwise ๐
๐ฐ Bitwise CIO Matt Hougan stated that $BTC 's value is found in its ability to store wealth in digital form.
๐ He claims $BTC 's rising institutional demand continues to reflect its growth potential.
๐ง Hougan's statement comes amid Bitcoin's recent dip, as its price continues to trade below $95,000.
๐ต Bitwise's Chief Investment Officer (CIO), Matt Hougan, stated that $BTC remains valuable because it enables investors to store wealth digitally.
#BTCVolatility
{spot}(BTCUSDT)
๐ฐ Bitwise CIO Matt Hougan stated that $BTC 's value is found in its ability to store wealth in digital form.
๐ He claims $BTC 's rising institutional demand continues to reflect its growth potential.
๐ง Hougan's statement comes amid Bitcoin's recent dip, as its price continues to trade below $95,000.
๐ต Bitwise's Chief Investment Officer (CIO), Matt Hougan, stated that $BTC remains valuable because it enables investors to store wealth digitally.
#BTCVolatility
{spot}(BTCUSDT)
๐ฅ๐ฅ Bitcoin's value is based on its 'service' - Bitwise ๐
๐ฐ Bitwise CIO Matt Hougan stated that $BTC 's value is found in its ability to store wealth in digital form.
๐ He claims $BTC 's rising institutional demand continues to reflect its growth potential.
๐ง Hougan's statement comes amid Bitcoin's recent dip, as its price continues to trade below $95,000.
๐ต Bitwise's Chief Investment Officer (CIO), Matt Hougan, stated that $BTC remains valuable because it enables investors to store wealth digitally.
#BTCVolatility
๐ฐ Bitwise CIO Matt Hougan stated that $BTC 's value is found in its ability to store wealth in digital form.
๐ He claims $BTC 's rising institutional demand continues to reflect its growth potential.
๐ง Hougan's statement comes amid Bitcoin's recent dip, as its price continues to trade below $95,000.
๐ต Bitwise's Chief Investment Officer (CIO), Matt Hougan, stated that $BTC remains valuable because it enables investors to store wealth digitally.
#BTCVolatility
๐จ๐จ Brazil WhatsApp Malware Attack Targets Cryptocurrency Wallets and Bank Accounts. ๐คฌ
๐ง As per Cointelegraph, the latest report by Trustwave's cybersecurity research team, SpiderLabs, reveals that a banking trojan named "Eternidade Stealer" is spreading extensively in Brazil via WhatsApp.
๐ง The attackers are employing social engineering techniques like fake government program notifications, courier information, and investment group invitations to deceive users into clicking on malicious links. Once clicked, the malware infects the device and takes over the WhatsApp account, automatically spreading to the victim's contact list. This trojan is capable of scanning and stealing login credentials from multiple Brazilian banks, fintech companies, and cryptocurrency exchanges.
โ๏ธ To avoid detection, the malware uses a preset Gmail account to receive commands instead of a fixed server address. Security experts recommend that users remain vigilant against any links, even from trusted contacts, and keep their software updated to prevent such attacks.
#CryptoScamAlert #Cryptoscam
๐ง As per Cointelegraph, the latest report by Trustwave's cybersecurity research team, SpiderLabs, reveals that a banking trojan named "Eternidade Stealer" is spreading extensively in Brazil via WhatsApp.
๐ง The attackers are employing social engineering techniques like fake government program notifications, courier information, and investment group invitations to deceive users into clicking on malicious links. Once clicked, the malware infects the device and takes over the WhatsApp account, automatically spreading to the victim's contact list. This trojan is capable of scanning and stealing login credentials from multiple Brazilian banks, fintech companies, and cryptocurrency exchanges.
โ๏ธ To avoid detection, the malware uses a preset Gmail account to receive commands instead of a fixed server address. Security experts recommend that users remain vigilant against any links, even from trusted contacts, and keep their software updated to prevent such attacks.
#CryptoScamAlert #Cryptoscam
๐ง๐ค Tonight's Showdown on Unemployment Rate and Non-Farm Payroll Data to Become Key Market Catalyst. ๐ฏ
โ๏ธ The non-farm payroll data for September, which was originally scheduled to be released on October 3rd, was postponed to tonight due to the U.S. government shutdown. Before the government shutdown, the U.S. Bureau of Labor Statistics had already completed the data collection and statistical work, so it would not cause systematic bias in the data itself and had a limited impact on data quality.
๐ At the October interest rate meeting, the Federal Reserve further cut interest rates without a commitment to future rate cuts due to insufficient reference data. At that time, Powell stated that the December rate cut was not a certainty and the October rate cut was a risk-management cut, while also suggesting significant internal differences within the Fed.
๐ As the first key economic data release after the end of the U.S. government shutdown (although significantly delayed), if it provides new signals, it could become a crucial catalyst for the subsequent market trend. At 9:30 PM Beijing time tonight, important macroeconomic data will be released, including: the U.S. unemployment rate for September, the U.S. September seasonally adjusted non-farm payroll employment, and the U.S. initial jobless claims number for the week ending November 15. (Lookonchain)
#MarketPullback #PowellSpeech
โ๏ธ The non-farm payroll data for September, which was originally scheduled to be released on October 3rd, was postponed to tonight due to the U.S. government shutdown. Before the government shutdown, the U.S. Bureau of Labor Statistics had already completed the data collection and statistical work, so it would not cause systematic bias in the data itself and had a limited impact on data quality.
๐ At the October interest rate meeting, the Federal Reserve further cut interest rates without a commitment to future rate cuts due to insufficient reference data. At that time, Powell stated that the December rate cut was not a certainty and the October rate cut was a risk-management cut, while also suggesting significant internal differences within the Fed.
๐ As the first key economic data release after the end of the U.S. government shutdown (although significantly delayed), if it provides new signals, it could become a crucial catalyst for the subsequent market trend. At 9:30 PM Beijing time tonight, important macroeconomic data will be released, including: the U.S. unemployment rate for September, the U.S. September seasonally adjusted non-farm payroll employment, and the U.S. initial jobless claims number for the week ending November 15. (Lookonchain)
#MarketPullback #PowellSpeech
๐ง๐ค Tonight's Showdown on Unemployment Rate and Non-Farm Payroll Data to Become Key Market Catalyst. ๐ฏ
โ๏ธ The non-farm payroll data for September, which was originally scheduled to be released on October 3rd, was postponed to tonight due to the U.S. government shutdown. Before the government shutdown, the U.S. Bureau of Labor Statistics had already completed the data collection and statistical work, so it would not cause systematic bias in the data itself and had a limited impact on data quality.
๐ At the October interest rate meeting, the Federal Reserve further cut interest rates without a commitment to future rate cuts due to insufficient reference data. At that time, Powell stated that the December rate cut was not a certainty and the October rate cut was a risk-management cut, while also suggesting significant internal differences within the Fed.
๐ As the first key economic data release after the end of the U.S. government shutdown (although significantly delayed), if it provides new signals, it could become a crucial catalyst for the subsequent market trend. At 9:30 PM Beijing time tonight, important macroeconomic data will be released, including: the U.S. unemployment rate for September, the U.S. September seasonally adjusted non-farm payroll employment, and the U.S. initial jobless claims number for the week ending November 15. (Lookonchain)
#MarketPullback #PowellSpeech
โ๏ธ The non-farm payroll data for September, which was originally scheduled to be released on October 3rd, was postponed to tonight due to the U.S. government shutdown. Before the government shutdown, the U.S. Bureau of Labor Statistics had already completed the data collection and statistical work, so it would not cause systematic bias in the data itself and had a limited impact on data quality.
๐ At the October interest rate meeting, the Federal Reserve further cut interest rates without a commitment to future rate cuts due to insufficient reference data. At that time, Powell stated that the December rate cut was not a certainty and the October rate cut was a risk-management cut, while also suggesting significant internal differences within the Fed.
๐ As the first key economic data release after the end of the U.S. government shutdown (although significantly delayed), if it provides new signals, it could become a crucial catalyst for the subsequent market trend. At 9:30 PM Beijing time tonight, important macroeconomic data will be released, including: the U.S. unemployment rate for September, the U.S. September seasonally adjusted non-farm payroll employment, and the U.S. initial jobless claims number for the week ending November 15. (Lookonchain)
#MarketPullback #PowellSpeech
๐ค๐ค Federal Reserve Meeting Minutes: Digital Attendees Oppose Rate Cut ๐ฅ
๐ง The minutes of the Federal Reserve meeting revealed that several participants were opposed to a rate cut. Many participants stated that, based on their current outlook, it is appropriate to keep rates unchanged for the rest of the year. (FXStreet)
#BTC90kBreakingPoint #MarketPullback
๐ง The minutes of the Federal Reserve meeting revealed that several participants were opposed to a rate cut. Many participants stated that, based on their current outlook, it is appropriate to keep rates unchanged for the rest of the year. (FXStreet)
#BTC90kBreakingPoint #MarketPullback
๐ค๐ค Federal Reserve Meeting Minutes: Digital Attendees Oppose Rate Cut ๐ฅ
๐ง The minutes of the Federal Reserve meeting revealed that several participants were opposed to a rate cut. Many participants stated that, based on their current outlook, it is appropriate to keep rates unchanged for the rest of the year. (FXStreet)
#BTC90kBreakingPoint #MarketPullback
๐ง The minutes of the Federal Reserve meeting revealed that several participants were opposed to a rate cut. Many participants stated that, based on their current outlook, it is appropriate to keep rates unchanged for the rest of the year. (FXStreet)
#BTC90kBreakingPoint #MarketPullback
๐ฅ๐ฅ El Salvador discloses largest single-day BTC purchase of $100 million as bitcoin dips lower. ๐จ
๐ธ๐ต El Salvadorโs Bitcoin Office shows that it bought 1,090 BTC on Monday, bringing its total holdings to 7,474 $BTC .
๐ฐ However, it is unclear whether El Salvador bought 1,090 BTC from the market as its deal with the IMF required the country to cease new purchases.
๐ฐ El Salvador added 1,090 $BTC to its holdings on Monday evening, marking the largest single-day acquisition the country has ever made.
๐ค According to its Bitcoin Office, the country acquired around $100 million worth of bitcoin at 6:01 p.m., eastern time. This purchase brought its total holdings to 7,474 BTC, worth roughly $676 million.
๐ฐ๐ฐ El Salvador, led by pro-bitcoin President Nayib Bukele, has been accumulating bitcoin consistently, making daily purchases of 1 $BTC since November 2022.
๐ Monday's addition of 1,090 BTC took place as bitcoin fell to lows of under $90,000, which was the lowest level it has seen since April, according to The Block's price page. The country has historically added batches of bitcoin to its holdings during bitcoin's price dip.
๐ฏ๐ฐ Bukele shared a screenshot showing the recent bitcoin acquisition on his official X account. He has previously written on the social media platform that the country's bitcoin acquisitions will not stop. Reported by The Block.
#ElSalvadorBitcoin
๐ธ๐ต El Salvadorโs Bitcoin Office shows that it bought 1,090 BTC on Monday, bringing its total holdings to 7,474 $BTC .
๐ฐ However, it is unclear whether El Salvador bought 1,090 BTC from the market as its deal with the IMF required the country to cease new purchases.
๐ฐ El Salvador added 1,090 $BTC to its holdings on Monday evening, marking the largest single-day acquisition the country has ever made.
๐ค According to its Bitcoin Office, the country acquired around $100 million worth of bitcoin at 6:01 p.m., eastern time. This purchase brought its total holdings to 7,474 BTC, worth roughly $676 million.
๐ฐ๐ฐ El Salvador, led by pro-bitcoin President Nayib Bukele, has been accumulating bitcoin consistently, making daily purchases of 1 $BTC since November 2022.
๐ Monday's addition of 1,090 BTC took place as bitcoin fell to lows of under $90,000, which was the lowest level it has seen since April, according to The Block's price page. The country has historically added batches of bitcoin to its holdings during bitcoin's price dip.
๐ฏ๐ฐ Bukele shared a screenshot showing the recent bitcoin acquisition on his official X account. He has previously written on the social media platform that the country's bitcoin acquisitions will not stop. Reported by The Block.
#ElSalvadorBitcoin
๐จ๐จ The plunge in the market has intensified, with technology stocks, cryptocurrencies and gold not spared ๐คฌ
๐ฅต๐ฅต๐ฅต๐ฅต
๐๐ค Financial market sell-offs intensified on Monday, reaching assets ranging from gold and cryptocurrencies to technology stocks, dragging the Dow to its worst three-day losing streak since Trump triggered tariff turmoil in April. The Dow fell 1.2% and Bitcoin $BTC fell below $92,000, erasing gains in 2025. Reported by Wall Street Journal
#BTC90kBreakingPoint #MarketPullback
{spot}(BTCUSDT)
๐ฅต๐ฅต๐ฅต๐ฅต
๐๐ค Financial market sell-offs intensified on Monday, reaching assets ranging from gold and cryptocurrencies to technology stocks, dragging the Dow to its worst three-day losing streak since Trump triggered tariff turmoil in April. The Dow fell 1.2% and Bitcoin $BTC fell below $92,000, erasing gains in 2025. Reported by Wall Street Journal
#BTC90kBreakingPoint #MarketPullback
{spot}(BTCUSDT)
๐จ๐จ The plunge in the market has intensified, with technology stocks, cryptocurrencies and gold not spared ๐คฌ
๐ฅต๐ฅต๐ฅต๐ฅต
๐๐ค Financial market sell-offs intensified on Monday, reaching assets ranging from gold and cryptocurrencies to technology stocks, dragging the Dow to its worst three-day losing streak since Trump triggered tariff turmoil in April. The Dow fell 1.2% and Bitcoin $BTC fell below $92,000, erasing gains in 2025. Reported by Wall Street Journal
#BTC90kBreakingPoint #MarketPullback
๐ฅต๐ฅต๐ฅต๐ฅต
๐๐ค Financial market sell-offs intensified on Monday, reaching assets ranging from gold and cryptocurrencies to technology stocks, dragging the Dow to its worst three-day losing streak since Trump triggered tariff turmoil in April. The Dow fell 1.2% and Bitcoin $BTC fell below $92,000, erasing gains in 2025. Reported by Wall Street Journal
#BTC90kBreakingPoint #MarketPullback
๐ฅ๐๐ฅ Data: 95% of the total Bitcoin supply has been mined ๐
๐ฅ๐ฅ Based on the monitoring data of Bitcoin Magazine, among the total 21 million Bitcoins, 19,949,776.16 Bitcoins $BTC have already been mined. This means that only 5% of the remaining Bitcoins are available for mining. ๐ฅ๐๐ฅ๐๐ฅ๐๐ฅ๐๐ฅ๐๐ฅ
๐ฅ๐ฅ Based on the monitoring data of Bitcoin Magazine, among the total 21 million Bitcoins, 19,949,776.16 Bitcoins $BTC have already been mined. This means that only 5% of the remaining Bitcoins are available for mining. ๐ฅ๐๐ฅ๐๐ฅ๐๐ฅ๐๐ฅ๐๐ฅ
๐ค Rate Cut Expectation Cools Off as Liquidity Tightening Suppresses Crypto Asset Risk Appetite ๐จ
๐ง Chloe, who is a columnist for HTX DeepThink and a researcher at HTX Research, pointed out in her latest analysis that following the end of the U.S. government shutdown, a large number of delayed economic data will soon be released in a concentrated manner.
๐ค The market is concerned that this will weaken the foundation for a rate cut in December. Several Federal Reserve voting members have also signaled a "wait-and-see" attitude, significantly cooling down rate cut expectations. Against the backdrop of rate reassessment and liquidity tightening, the risk appetite for crypto assets continues to decline.
$BTC recently dropped to $95,885, and the overall market value has retracted by more than $1 trillion since October. HTX Research stated that high real interest rates, the near depletion of reverse repo balances, and elevated Treasury cash levels continue to create a tight liquidity environment. Option data shows that investors are increasing their defensive positions. On Deribit, the open interest of high-strike put options is significant. The largest pain point is around $104,000, and the put/call ratio is 0.61.
๐ Long-term holders have also sold more than 810,000 bitcoins during the pullback. HTX DeepThink believes that future speeches by Federal Reserve officials and the FOMC minutes will guide expectations. In the short term, in the face of weakened rate cut expectations and the tight liquidity effect, $BTC may remain in the $95,000 to $100,000 range. The medium to long-term trend still depends on fiscal spending, regulatory developments, and the release of liquidity.
#MarketPullback
๐ง Chloe, who is a columnist for HTX DeepThink and a researcher at HTX Research, pointed out in her latest analysis that following the end of the U.S. government shutdown, a large number of delayed economic data will soon be released in a concentrated manner.
๐ค The market is concerned that this will weaken the foundation for a rate cut in December. Several Federal Reserve voting members have also signaled a "wait-and-see" attitude, significantly cooling down rate cut expectations. Against the backdrop of rate reassessment and liquidity tightening, the risk appetite for crypto assets continues to decline.
$BTC recently dropped to $95,885, and the overall market value has retracted by more than $1 trillion since October. HTX Research stated that high real interest rates, the near depletion of reverse repo balances, and elevated Treasury cash levels continue to create a tight liquidity environment. Option data shows that investors are increasing their defensive positions. On Deribit, the open interest of high-strike put options is significant. The largest pain point is around $104,000, and the put/call ratio is 0.61.
๐ Long-term holders have also sold more than 810,000 bitcoins during the pullback. HTX DeepThink believes that future speeches by Federal Reserve officials and the FOMC minutes will guide expectations. In the short term, in the face of weakened rate cut expectations and the tight liquidity effect, $BTC may remain in the $95,000 to $100,000 range. The medium to long-term trend still depends on fiscal spending, regulatory developments, and the release of liquidity.
#MarketPullback
๐ฅ๐ฅ Michael Saylor: Bitcoin $BTC Falling Below $10,000, Strategy Holdings Will Not Be Sold ๐
๐๐ Michael Saylor, the founder of Strategy, stated in an interview that "Bitcoin must fall below $10,000 for Strategy to sell its holdings." ๐ฅ
#StrategyBTCPurchase
{future}(BTCUSDT)
๐๐ Michael Saylor, the founder of Strategy, stated in an interview that "Bitcoin must fall below $10,000 for Strategy to sell its holdings." ๐ฅ
#StrategyBTCPurchase
{future}(BTCUSDT)
๐ฅ๐ฅ Michael Saylor: Bitcoin $BTC Falling Below $10,000, Strategy Holdings Will Not Be Sold ๐
๐๐ Michael Saylor, the founder of Strategy, stated in an interview that "Bitcoin must fall below $10,000 for Strategy to sell its holdings." ๐ฅ
#StrategyBTCPurchase
๐๐ Michael Saylor, the founder of Strategy, stated in an interview that "Bitcoin must fall below $10,000 for Strategy to sell its holdings." ๐ฅ
#StrategyBTCPurchase
Bitcoin, Ethereum, Dogecoin, XRP Plunge Amid Fading Fed Rate Cut Hopes: As BTC Stays Below $100,000,
๐จ Leading cryptocurrencies declined alongside stocks on Wednesday, as the six-week data blackout shrouds the Federal Reserveโs outlook for December. ๐ฅต
Crypto Liquidations Hit $750 Million
๐ Advances achieved earlier in the week were reversed as $BTC sank below $98,000. Trading volume jumped 50% to $104 billion in the last 24 hours, indicating high selling pressure.
๐คฌ $ETH plunged to an intraday low of $3,156, accompanied by a 44% jump in 24-hour trading volume. XRP and $SOL also retreated sharply.
๐ฅต Cryptocurrency liquidations topped $750 million in the last 24 hours, according to Coinglass, with $600 million in bullish long bets erased.
Moreover, roughly $450 million in Bitcoin long positions risked liquidation if the apex cryptocurrency slides further to $97,000.
Bitcoin's open interest increased by 0.68% in the last 24 hours. A rise in open interest, coming alongside a dip in spot price, typically indicates that traders are opening new short positions.
"Extreme Fear" persisted in the market, according to the Crypto Fear & Greed Index.
Stocks Decline Amid Fed Data Fog
๐ Stocks sold off sharply on Thursday. The Dow Jones Industrial Average tumbled 797.60 points, or 1.65%, to settle at 47,457.22, a day after closing at record highs. The S&P 500 slid 1.66% to end at 6,737.49, while the tech-heavy Nasdaq Composite lost 2.29% to close at 22,870.36.
๐คทโโ๏ธ Although the government shutdown is over, the six-week data blackout has left the Federal Reserve's December outlook uncertain. The White House had earlier said that the October jobs report and inflation data might never get released.
๐ค Market odds for a December rate cut dropped to 50.7% from 62% a day ago, according to the CME FedWatch tool.
Bitcoin Needs To Reclaim This Level To Change Bearish Bias
๐ง Widely followed cryptocurrency analyst and trader Michaรซl van de Poppe noted that Bitcoin's rejection at $107,000 triggered a liquidity sweep below $100,000.
"Itโs not great, and the trend (lower timeframes) is down. However, in order to change that, a reclaim of $100,700 would be required," the analyst remarked. Reported by Benzinga
#MarketPullback
Crypto Liquidations Hit $750 Million
๐ Advances achieved earlier in the week were reversed as $BTC sank below $98,000. Trading volume jumped 50% to $104 billion in the last 24 hours, indicating high selling pressure.
๐คฌ $ETH plunged to an intraday low of $3,156, accompanied by a 44% jump in 24-hour trading volume. XRP and $SOL also retreated sharply.
๐ฅต Cryptocurrency liquidations topped $750 million in the last 24 hours, according to Coinglass, with $600 million in bullish long bets erased.
Moreover, roughly $450 million in Bitcoin long positions risked liquidation if the apex cryptocurrency slides further to $97,000.
Bitcoin's open interest increased by 0.68% in the last 24 hours. A rise in open interest, coming alongside a dip in spot price, typically indicates that traders are opening new short positions.
"Extreme Fear" persisted in the market, according to the Crypto Fear & Greed Index.
Stocks Decline Amid Fed Data Fog
๐ Stocks sold off sharply on Thursday. The Dow Jones Industrial Average tumbled 797.60 points, or 1.65%, to settle at 47,457.22, a day after closing at record highs. The S&P 500 slid 1.66% to end at 6,737.49, while the tech-heavy Nasdaq Composite lost 2.29% to close at 22,870.36.
๐คทโโ๏ธ Although the government shutdown is over, the six-week data blackout has left the Federal Reserve's December outlook uncertain. The White House had earlier said that the October jobs report and inflation data might never get released.
๐ค Market odds for a December rate cut dropped to 50.7% from 62% a day ago, according to the CME FedWatch tool.
Bitcoin Needs To Reclaim This Level To Change Bearish Bias
๐ง Widely followed cryptocurrency analyst and trader Michaรซl van de Poppe noted that Bitcoin's rejection at $107,000 triggered a liquidity sweep below $100,000.
"Itโs not great, and the trend (lower timeframes) is down. However, in order to change that, a reclaim of $100,700 would be required," the analyst remarked. Reported by Benzinga
#MarketPullback
๐จ๐จ Federal Reserve Officials Turn Hawkish Overnight, Further Rate Cut Space May Be Limited
๐ฅต On November 14th, Federal Reserve officials collectively adopted a hawkish stance overnight, further constricting the scope for interest rate cuts. The President of the Minneapolis Fed, Kashkari, took the lead in stating that he did not endorse the Fed's October rate cut decision but remains vigilant about the most appropriate course of action for the December meeting.
The underlying resilience of the U.S. economic activity is stronger than anticipated. The Fed had previously signaled a pause in rate cuts at the October meeting. On the other hand, Fed's Harker stated that monetary policy still needs to remain tight in order to curb inflation and bring it back to the target level. The Fed faces challenges in its dual mandate of inflation and employment, making this a difficult period for monetary policy. Harker also expressed no worry about the weakening of the dollar, saying, "We began from a state where the dollar was extremely strong.
Therefore, this year's weakening is mainly bringing the dollar closer to its theoretically fair value and making it more reasonable compared to other currencies." Fed's Mester held a relatively moderate stance but still indicated that there is limited room for further easing of monetary policy. Mester stated, "Looking ahead, we need to move forward cautiously. I believe we need to continue exerting pressure on inflation above the target while providing some support for the labor market."
#MarketPullback
๐ฅต On November 14th, Federal Reserve officials collectively adopted a hawkish stance overnight, further constricting the scope for interest rate cuts. The President of the Minneapolis Fed, Kashkari, took the lead in stating that he did not endorse the Fed's October rate cut decision but remains vigilant about the most appropriate course of action for the December meeting.
The underlying resilience of the U.S. economic activity is stronger than anticipated. The Fed had previously signaled a pause in rate cuts at the October meeting. On the other hand, Fed's Harker stated that monetary policy still needs to remain tight in order to curb inflation and bring it back to the target level. The Fed faces challenges in its dual mandate of inflation and employment, making this a difficult period for monetary policy. Harker also expressed no worry about the weakening of the dollar, saying, "We began from a state where the dollar was extremely strong.
Therefore, this year's weakening is mainly bringing the dollar closer to its theoretically fair value and making it more reasonable compared to other currencies." Fed's Mester held a relatively moderate stance but still indicated that there is limited room for further easing of monetary policy. Mester stated, "Looking ahead, we need to move forward cautiously. I believe we need to continue exerting pressure on inflation above the target while providing some support for the labor market."
#MarketPullback
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$BTC ๐ Quick analysis โฉ Looking very strong reversal ๐ perfect time to ENTER ๐ฒโฉ now we are looking for 92000 ๐ฒ if close above 92300 then going to touch 9300 definitely ๐ฒ$SOL #StrategyBTCPurchase #USNonFarmPayrollReport #USJobsData #BinanceHODLerBREV
SIGMA TRADER
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USNonFarmPayrollReport
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USTradeDeficitShrink
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