Bitcoin (BTC) and Ether (ETH) are witnessing recovery despite concerns surrounding AI and weak US economic indicators. Analysts observe that low leverage appetite signals fragile sentiment, but anticipated monetary easing may uplift the cryptocurrencies.
The US labor market showed signs of strain, losing 32,000 jobs in November. However, the expected shift in monetary policy towards easing could mitigate downside risks for cryptocurrencies, bolstering sentiment.
As investors look to the Federal Reserve’s guidance on interest rates expected on December 10, both BTC priced at 93,487 USD and ETH at 3,151 USD are set to benefit from the anticipated liquidity boost, increasing demand for these scarce assets.
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