Bitcoin price continues to fall. So is the bear market already underway and the bears have won? Not necessarily. We may be hitting a low point right now. However, all hope lies in what the US authorities will do.
Ether is also losing value and is struggling to maintain the key level of $2,800. So far, the bulls are winning (despite temporary breaks in this barrier) and maintaining this important support.
The ETH/BTC pair is also doing quite well, staying around 0.033 BTC.
The macroeconomic environment is becoming more favorable for cryptocurrencies: funds from the TGA (US treasury) are being withdrawn, which increases the chances of increases in cryptocurrencies and stocks. Hence the conclusion that we can close the hole.
However, the lack of interest rate cuts is a threat. in the USA or declines on the stock market.
The sharp decline in market expectations for a Fed rate cut in December — currently around 33 percent to 50 percent — as key labor market data such as the October jobs report were delayed due to the government shutdown underscores the heightened sense of macroeconomic uncertainty. At the same time, it reflects how deeply cryptocurrencies have become integrated into traditional finance — digital assets now respond to the same data gaps and policy delays that affect stocks and bonds. From a long-term perspective, this convergence is a positive sign of cryptocurrencies maturing in the mainstream.
In the short term, reduced liquidity expectations may put moderate downward pressure on BTC and ETH as risk-off sentiment triggers temporary outflows from spot ETFs. This environment typically poses challenges for passive investors, but creates opportunities for traders who thrive in volatile conditions – particularly in the futures and options markets on platforms like Bitget.
In the coming months, we see this as a healthy correction, not the beginning of a permanent downward trend. Macroeconomic adjustment tends to remove excessive speculation, strengthen market structure and create more sustainable levels of support. The industry’s resilience will depend on how participants respond to changing conditions – and the signals so far are constructive.
To anticipate a rebound, traders should closely monitor upcoming Fed minutes, updated employment and inflation data, real-time data on ETF inflows, stablecoin reserves, and broader global liquidity indicators.
