Bitcoin Updates Today: Bitcoin's Recovery Prospects Uncertain Amid Fed Disagreements and Postponed Economic Data

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Bitcoin Updates Today: Bitcoin's Recovery Prospects Uncertain Amid Fed Disagreements and Postponed Economic Data

Bitget-RWA2025/11/24 16:28

By:Bitget-RWA

- Fed officials signal potential 2025 rate cuts, sparking Bitcoin's brief rebound above $84,000 amid market volatility. - Internal Fed divisions and delayed labor/inflation data create uncertainty, complicating December policy decisions and crypto outlook. - Bitcoin ETFs face $3.5B November outflows while $80,000 put options dominate derivatives markets, reflecting bearish sentiment. - Bitcoin ATM operator reports 93% revenue growth, but analysts warn of 2018-style bubbles amid stretched valuations and reg

Bitcoin Eyes Recovery as Rate Cut Expectations Grow

The crypto sector is anticipating a possible reversal, with Federal Reserve officials hinting at a greater willingness to lower rates in 2025.

Bitcoin

BTC, which has dropped more than 30% from its all-time peak, briefly surged past $84,000

after New York Fed President John Williams

indicated that policy changes could be on the table by December. This development has revived optimism for a crypto rally, though experts warn that uncertainty remains high as central bank leaders send mixed messages.

Williams shifted from his previous hawkish tone, saying, "We must bring inflation back to our 2% long-term target without putting jobs at unnecessary risk."

His statement differed from Cleveland Fed President Beth Hammack

, who minimized employment worries and stressed the importance of controlling inflation. This split highlights the ongoing debate within the Fed over how to balance stable prices with economic growth. At the same time,

the Bureau of Labor Statistics' move to postpone October employment and inflation figures until December

has increased uncertainty, leaving officials with outdated data for their December discussions.

Bitcoin Updates Today: Bitcoin's Recovery Prospects Uncertain Amid Fed Disagreements and Postponed Economic Data image 0

Bitcoin’s price swings show how responsive the market is to these developments. After losing 10% earlier this month, Bitcoin managed a slight rebound to $83,936, though it

is still down 9.5% over the past 24 hours

. The recovery came as

traders sharply increased their bets on a December rate cut

, with odds now exceeding 70%. Despite this, negative sentiment lingers, as Bitcoin ETFs are on pace for their largest monthly outflows ever.

Investors have pulled $3.5 billion from U.S.-listed Bitcoin ETFs

in November, with BlackRock’s IBIT alone seeing $2.2 billion in withdrawals.

Market strategists caution that the current environment resembles 2018, when aggressive rate reductions fueled speculative excesses.

Michael Hartnett of Bank of America observed

that inflated valuations and “frothy risk appetite” in both crypto and stocks could prompt a Fed reversal similar to late 2018. He pointed to Bitcoin’s 30% retreat this year as an early warning of a possible downturn, also noting record withdrawals from crypto funds and a shift toward Treasuries as a defensive move.

Bearish signals are also evident in derivatives markets, where

the $80,000 Bitcoin put option has become the most favored trade

on Deribit, with open interest reaching $2.03 billion. This is a stark change from earlier in the year, when $140,000 call options were the top choice. The trend points to rising doubts about Bitcoin’s stability, especially as AI-related tech stocks and other risky assets also struggle.

Bitcoin Bancorp, which operates Bitcoin ATMs, reported a 93% jump in Q3 2025 revenue, showing that retail interest remains strong despite the broader downturn. Still, the company’s CEO stressed that regulatory clarity and infrastructure expansion will be vital in 2026. Meanwhile,

BitMine Immersion

disclosed $11.2 billion in combined crypto and cash assets, establishing itself as a significant industry player.

The outlook remains murky. While Williams’ dovish remarks have raised hopes for a rate cut, internal disagreements at the Fed and delayed economic data add to the uncertainty. For Bitcoin, the relationship between monetary policy and investor sentiment will likely determine whether the recent bounce signals a lasting recovery or is just a brief pause before further declines.

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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