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Showing posts with the label Altcoin,Bitcoin,Crypto News,Cryptocurrency,Economy,Ethereum

Bitcoin Bear Thesis Persists After New $93,500 Rejection

Cryptocurrency Markets React to U.S. Jobs Data Amid Federal Reserve Rate Outlook Bitcoin experienced a decline from its 2025 yearly open amid significant market reactions to the latest U.S. employment figures. Despite robust job data suggesting a resilient economy, markets continue to anticipate a potential interest rate cut by the Federal Reserve as early as December. This divergence has led to a complex trading environment, with Bitcoin and other cryptocurrencies maintaining a cautious stance as key resistance levels loom. Key Takeaways Strong U.S. labor market data did not deter expectations of a rate cut by the Fed in December. Cryptocurrencies are diverging from stock market trends, which are expected to see a strong finish in 2025. Bitcoin faces crucial resistance levels that must be reclaimed to shift from a bearish trend. Market participants remain divided on the future trajectory of interest rates, adding volatility to the space. Tickers mentioned: Crypto → $BTC, $ETH Stocks ...