Bitcoin slid to its lowest level in nearly seven months on Tuesday, briefly breaching the $90,000<\/strong> threshold as investors dialed back expectations for a Federal Reserve rate cut in December and awaited a backlog of U.S. macro releases. The token later pared losses to trade 2.6% lower at $92,482<\/strong> as of 09:40 ET (14:40 GMT)<\/strong>.<\/p>\n\n\n\n The decline took Bitcoin as low as $89,409<\/strong> in the past 24 hours\u2014about 30%<\/strong> below its late-October record above $126,000<\/strong>\u2014after price action failed to hold support near $94,000<\/strong> and flashed a \u201cdeath cross\u201d<\/strong> on short- versus long-term moving averages.<\/p>\n\n\n\n With the government reopened after a record shutdown, the next round of data\u2014beginning with September nonfarm payrolls on Thursday<\/strong>\u2014is set to reframe policy odds. For now, officials\u2019 cautious tone has left markets uncertain heading into the Dec. 10\u201311<\/strong> meeting.<\/p>\n\n\n\n Institutional demand has cooled as spot Bitcoin ETFs<\/strong> registered fresh outflows, while crypto-exposed equities and miners<\/strong> extended losses. Derivatives markets added fuel: earlier this month, over $19 billion<\/strong> in leveraged crypto positions were liquidated within 24 hours, exacerbating downside momentum.<\/p>\n\n\n\n Market nerves were compounded by a major Cloudflare network outage<\/strong> that disrupted front-end services across parts of the internet. Coinbase<\/strong> and Kraken<\/strong> were among affected exchanges, while non-crypto services including ChatGPT, Spotify, and X<\/strong> also reported issues. Cloudflare flagged an \u201cinternal service degradation\u201d<\/strong> at ~11:48 UTC<\/strong>, later saying a fix was being rolled out. The firm has not confirmed whether the incident was tied to scheduled data-center maintenance.<\/p>\n\n\n\n Selling broadened across large-cap tokens:<\/p>\n\n\n\n Bitcoin slid to its lowest level in nearly seven months on Tuesday, briefly breaching the $90,000 threshold as investors dialed back expectations for a Federal Reserve rate cut in December and awaited a backlog of U.S. macro releases. The token later pared losses to trade 2.6% lower at $92,482 as of 09:40 ET (14:40 GMT). …<\/p>\n","protected":false},"author":9,"featured_media":54500,"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-121001","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\/121001","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=121001"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121001\/revisions"}],"predecessor-version":[{"id":121418,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121001\/revisions\/121418"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/54500"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=121001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Fed Doubts Keep Risk Appetite Muted<\/h2>\n\n\n\n
ETF Outflows and Forced Selling Intensify Pressure<\/h2>\n\n\n\n
Cloudflare Outage Hits Crypto Platforms<\/h2>\n\n\n\n
Altcoins Mirror Bitcoin\u2019s Slide<\/h2>\n\n\n\n
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What to Watch<\/h2>\n\n\n\n
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