This week, Bitcoin briefly fell below 90,000 USD primarily due to rising expectations of interest rate hikes and ETF outflows, which increased its sensitivity to macroeconomic changes.
The market is now reassessing expectations for Federal Reserve policy as the likelihood of a December rate cut remains uncertain. Key indicators this week, including labor market data and the Leading Economic Index (LEI), could impact Bitcoin’s performance.
The US economy is showing a K-shaped recovery, affecting high and low-income groups differently. With Federal Reserve Chairman Powell maintaining a cautious tone, the current situation indicates a potential end of the economic cycle rather than a recession.
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