Bitcoin<\/strong> trimmed part of its slide on Monday but stayed under pressure, with fading expectations of a Federal Reserve<\/strong> rate cut next month and nerves ahead of long-delayed U.S. data keeping buyers cautious.<\/p>\n\n\n\n The world\u2019s largest cryptocurrency last traded 0.7% lower at $95,101<\/strong>, after touching $93,043<\/strong> in the past 24 hours\u2014its weakest level since late April. Bitcoin fell nearly 7%<\/strong> last week, chalking up a third straight weekly decline<\/strong>.<\/p>\n\n\n\n Derivatives markets now assign ~40%<\/strong> odds to a 25 bp cut at the Fed\u2019s Dec. 10\u201311<\/strong> meeting\u2014down sharply from about 90%<\/strong> earlier this month\u2014as officials signal reluctance to ease without clearer disinflation and softer labor data. Boston Fed President Susan Collins<\/strong> said she would be \u201chesitant to ease policy further\u201d absent clearer deterioration.<\/p>\n\n\n\n The hawkish tilt has undercut a key pillar of this year\u2019s crypto bull case. Spot Bitcoin ETFs<\/strong> have swung to accelerating outflows<\/strong> as investors unwind trades predicated on looser policy, further dampening price traction.<\/p>\n\n\n\n Sentiment also remains fragile after the U.S. government shutdown<\/strong> created a weeks-long \u201cdata blackout.\u201d The September nonfarm payrolls<\/strong> report\u2014delayed by the closure\u2014is now slated for Thursday<\/strong>, and will help shape views on the Fed\u2019s December decision.<\/p>\n\n\n\n In policy news, Japan\u2019s Financial Services Agency (FSA)<\/strong> is reportedly preparing to reclassify cryptocurrencies as financial products<\/strong> under the Financial Instruments and Exchange Act, according to Asahi<\/em>. Roughly 105 cryptoassets<\/strong>, including Bitcoin<\/strong> and Ethereum<\/strong>, would fall under insider-trading<\/strong> prohibitions. The FSA is also said to back cutting the tax on crypto gains to a flat 20%<\/strong>\u2014aligned with equities\u2014down from a top marginal burden that can exceed 55%<\/strong>. Market participants view the twin moves as a step toward mainstreaming while tightening conduct standards.<\/p>\n\n\n\n Altcoins were mixed, with most trimming early declines. Ether<\/strong> briefly jumped more than 4%<\/strong> intraday before paring back to trade near $3,188 (-0.3%)<\/strong>. XRP<\/strong> was flat around $2.226<\/strong>. Solana<\/strong> slipped 0.5%<\/strong>, while Cardano<\/strong> and Polygon<\/strong> eased ~1.8%<\/strong> apiece. Among memecoins, Dogecoin<\/strong> fell 0.8%<\/strong>, and $TRUMP<\/strong> edged 0.7%<\/strong> lower.<\/p>\n\n\n\n With policy easing hopes tempered and event risk rising, near-term BTC price action remains vulnerable to macro surprises and flow dynamics, even as oversold conditions invite tactical dip-buying.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin trimmed part of its slide on Monday but stayed under pressure, with fading expectations of a Federal Reserve rate cut next month and nerves ahead of long-delayed U.S. data keeping buyers cautious. The world\u2019s largest cryptocurrency last traded 0.7% lower at $95,101, after touching $93,043 in the past 24 hours\u2014its weakest level since late …<\/p>\n","protected":false},"author":9,"featured_media":98301,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,36],"tags":[],"class_list":["post-120941","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=120941"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120941\/revisions"}],"predecessor-version":[{"id":120942,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120941\/revisions\/120942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/98301"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Policy repricing saps momentum<\/h2>\n\n\n\n
Data fog begins to lift<\/h2>\n\n\n\n
Japan eyes reclassification; tax overhaul debated<\/h2>\n\n\n\n
Market breadth: altcoins mixed<\/h2>\n\n\n\n
What to watch next<\/h2>\n\n\n\n
\n