Bitcoin News Update: Federal Bitcoin Policy Decisions Hindered by Data Gaps Caused by Shutdown

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Bitcoin News Update: Federal Bitcoin Policy Decisions Hindered by Data Gaps Caused by Shutdown

Bitget-RWA2025/11/15 12:54

By:Bitget-RWA

- U.S. Fed meets with Wall Street as Bitcoin hits 2023 lows near $104,000 amid market uncertainty. - Government shutdown creates "data vacuum," delaying inflation/employment reports and complicating policy decisions. - Bitcoin ETFs see $524M inflow as institutional demand recovers, despite $1.22B weekly outflows. - Brazil proposes crypto seizure laws while Fed debates rate cuts (52% odds), with BTC technicals showing bearish momentum. - Bitcoin's $100,862 support level and regulatory shifts highlight its e

The U.S. Federal Reserve called an unscheduled meeting with major Wall Street executives on Wednesday as

Bitcoin reached its most oversold state since 2023

, hovering close to $104,000 amid growing market instability. The digital asset’s sideways movement mirrors widespread economic volatility, such as a

government shutdown nearing historic proportions

that postponed vital economic reports and created uncertainty around the Fed’s next steps. At the same time, institutional interest in

Bitcoin

began to show early signs of a rebound, as

U.S.-listed spot Bitcoin ETFs saw $523.98 million in new investments

on Tuesday.

The shutdown, which suspended operations at agencies like the Bureau of Labor Statistics and the Bureau of Economic Analysis, has left investors in a “data blackout,”

making it harder to assess inflation and job market conditions

. Press secretary Karoline Leavitt

commented that the shutdown "created obstacles in collecting essential data"

needed for crucial reports, including October’s employment and inflation numbers. If the resolution passes the House and receives President Trump’s approval, it could relieve liquidity strains and restore data reporting, though

experts caution this is only a temporary solution

that sidesteps more significant budget discussions.

Bitcoin News Update: Federal Bitcoin Policy Decisions Hindered by Data Gaps Caused by Shutdown image 0

The direction of Bitcoin’s price remains closely linked to macroeconomic shifts. Although ending the shutdown could spark price swings,

the lack of a strong driving force means BTC may continue to trade within a set range

for now. Technical analysis supports this:

Bitcoin’s weekly chart indicates a 20% pullback

from its record high, with the 50-week EMA at $100,862 serving as a key support. If this level fails, the next support is the 100-week EMA at $85,508. Additionally,

both the Relative Strength Index and MACD point to continued bearish pressure

, with the RSI at 41 and the MACD showing a bearish crossover.

Institutional interest in Bitcoin remains, albeit subdued. Despite a net outflow of $1.22 billion over the past week, Tuesday’s inflow

signaled a shift in sentiment

, indicating renewed attention from institutional investors. This fits with broader patterns:

Michael Saylor reiterated his firm’s commitment to accumulating Bitcoin

, predicting the cryptocurrency will outperform both gold and the S&P 500 by the end of the year.

Regulatory changes are also influencing the crypto sector.

Brazil introduced a bill to liquidate confiscated cryptocurrencies

, treating them similarly to foreign currencies to combat organized crime. This measure, part of an “anti-faction” initiative, lets banks sell seized assets before trial, targeting groups like Comando Vermelho.

Uncertainty around Fed policy has further complicated the outlook.

The probability of a rate cut in December dropped to 52%

, making it nearly a toss-up, as some Fed officials advocated for delaying monetary easing.

A split within the FOMC has left investors cautious

, with Boston Fed President Susan Collins stressing that further cuts would require strong justification. Markets now anticipate a 25-basis-point reduction at the December meeting, which would bring the benchmark rate down to 3.5%-3.75%.

Bitcoin’s position in the financial world continues to evolve, shaped by both institutional moves and regulatory shifts. As the Fed manages a delicate economic environment and Brazil tightens oversight of digital assets, Bitcoin’s future will hinge on greater economic clarity and regulatory developments.

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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