{"id":120993,"date":"2025-11-18T14:10:26","date_gmt":"2025-11-18T10:10:26","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=120993"},"modified":"2025-11-18T14:10:29","modified_gmt":"2025-11-18T10:10:29","slug":"bitcoin-sinks-below-90000-as-fed-uncertainty-and-data-backlog-sap-risk-appetite","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-sinks-below-90000-as-fed-uncertainty-and-data-backlog-sap-risk-appetite\/11\/18\/market-updates\/","title":{"rendered":"Bitcoin sinks below $90,000 as Fed uncertainty and data backlog sap risk appetite"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<p>Bitcoin slid to its lowest level in nearly seven months on Tuesday, breaking below the $90,000 handle as investors dialed back expectations for a Federal Reserve rate cut and braced for a wave of delayed U.S. economic data.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bitcoin (BTC)<\/strong> traded <strong>5.4% lower at $90,091<\/strong> at 05:22 GMT after touching an intraday low of <strong>$89,471<\/strong>, putting it roughly <strong>30%<\/strong> below its late-October peak above <strong>$126,000<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Macro overhang and \u201cdeath cross\u201d accelerate the selloff<\/h2>\n\n\n\n<p>A risk-off tone gathered pace after BTC <strong>failed to hold ~$94,000 support<\/strong> and flashed a <strong>short-term\/long-term moving-average \u201cdeath cross\u201d<\/strong>, reinforcing downside momentum. On the macro side, Fed officials\u2014including Chair <strong>Jerome Powell<\/strong>\u2014have <strong>signaled reluctance to ease in December<\/strong>, keeping traders on edge as the central bank heads into its final meeting of the year with an incomplete picture of the economy.<\/p>\n\n\n\n<p>A prolonged U.S. government shutdown <strong>delayed key releases<\/strong>; the <strong>September nonfarm payrolls<\/strong> report\u2014now due <strong>Thursday<\/strong>\u2014will be the first major data point to clear the fog.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">ETF demand stalls; crypto equities buckle<\/h2>\n\n\n\n<p>Spot <strong>Bitcoin ETFs<\/strong> have seen <strong>softer inflows<\/strong>, with institutional accounts stepping back amid heightened volatility. The weakness spilled into <strong>crypto-exposed equities and miners<\/strong>, amplifying de-risking across the complex.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Derivatives liquidations deepen pressure<\/h2>\n\n\n\n<p>The decline follows <strong>waves of forced liquidations<\/strong> in recent sessions, with <strong>billions of dollars<\/strong> in leveraged crypto positions unwound earlier this month. The cascade added mechanical selling pressure as margin calls and stops were triggered across venues.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Altcoins track lower<\/h2>\n\n\n\n<p>Broader crypto markets extended losses alongside Bitcoin:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ether (ETH)<\/strong>: <strong>-5.6%<\/strong> to <strong>$3,008.92<\/strong><\/li>\n\n\n\n<li><strong>XRP<\/strong>: <strong>-4.4%<\/strong> to <strong>$2.15<\/strong><\/li>\n\n\n\n<li><strong>Solana (SOL)<\/strong>: <strong>-4.0%<\/strong><\/li>\n\n\n\n<li><strong>Cardano (ADA)<\/strong>: <strong>-5.0%<\/strong><\/li>\n\n\n\n<li><strong>Polygon (MATIC)<\/strong>: <strong>-3.0%<\/strong><\/li>\n\n\n\n<li><strong>Dogecoin (DOGE)<\/strong>: <strong>-4.0%<\/strong>; <strong>$TRUMP<\/strong>: <strong>-1.0%<\/strong><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">What\u2019s next<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Thursday<\/strong>: <strong>U.S. NFP (September)<\/strong>\u2014first major official print post-shutdown; labor softness could revive cut bets, while resilience may keep policy on hold.<\/li>\n\n\n\n<li><strong>Technical levels<\/strong>: On the downside, traders are eyeing <strong>$88k\u2013$89k<\/strong> as near-term support, with <strong>$94k\u2013$95k<\/strong> now initial resistance; positioning remains sensitive to ETF flow direction and funding rates.<\/li>\n<\/ul>\n\n\n\n<p>Until clarity emerges on the Fed\u2019s December stance and the incoming data, crypto markets are likely to remain headline-driven, liquidity-fragile, and technically heavy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin slid to its lowest level in nearly seven months on Tuesday, breaking below the $90,000 handle as investors dialed back expectations for a Federal Reserve rate cut and braced for a wave of delayed U.S. economic data. Bitcoin (BTC) traded 5.4% lower at $90,091 at 05:22 GMT after touching an intraday low of $89,471, &hellip;<\/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-120993","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\/120993","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=120993"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120993\/revisions"}],"predecessor-version":[{"id":120994,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120993\/revisions\/120994"}],"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=120993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}