Bitcoin has stabilized around the 87,000 dollar level this Tuesday, coinciding with a firm opening of Asian markets. This positive behavior responds directly to the renewed optimism for rate cuts that has permeated global sentiment, driven by recent comments from Federal Reserve Governor Christopher Waller.
The crypto asset market shows a notable recovery, with the main digital currency trading specifically at 87,934 dollars, representing a 0.5% rise. On the other hand, alternative assets like XRP stood out with a significant 7.8% rally, reaching 2.25 dollars, while Ether rose 3% to 2,930 dollars. Likewise, the traditional tech sector has influenced this dynamic, as reports of Meta negotiating the use of Google’s artificial intelligence chips have reinforced confidence in big tech. In fact, this multi-billion dollar deal underscores how technology remains the central engine of risk appetite.
This shift in investor sentiment is no coincidence, but the result of an alignment in the rhetoric of monetary officials. In addition to Waller, San Francisco Fed President Mary Daly expressed support for an adjustment in December, which has pushed implied probabilities in money markets to a resounding 90% in favor of a cut. As a result, 10-year Treasury yields fell to 4.02%, creating a macroeconomic environment that historically favors growth and risk assets over fixed income.
Are we facing a deep accumulation phase or an imminent resurgence in demand?
Bitfinex analysts have observed a critical dynamic on the blockchain, noting a strong wave of loss-taking by investors who bought at the top. Specifically, there is a dense concentration of purchases trapped between 106,000 and 118,000 dollars, which are currently capitulating. Consequently, the market faces two clear paths: an aggressive resurgence in demand to absorb these sales or a transition towards a longer and deeper accumulation phase before finding a stable equilibrium.
Attention now turns to the upcoming release of key economic data, including retail sales and jobless claims ahead of Thanksgiving. Thus, if reports confirm a cooling labor market and controlled inflation, the argument for what many consider the third and final rate cut of 2025 would be solidified. Finally, although Bitcoin has led the recovery against stock indices, caution persists regarding the possibility that traditional markets may face additional corrections.
