The weekend rebound on the charts is behind us, but it was quickly offset. The situation remains uncertain, but I personally believe that the bull market continues. The reason is macroeconomic factors.
Bitcoin price rises and… falls
The Bitcoin price has started to rise in recent hours, but ultimately today we see declines again. Currently, 1 BTC costs approximately USD 86,000.
The ether price also gave investors false hope for growth: it went towards USD 2,900, only to fall to USD 2,800.
According to the Fed Watch Tool “valuation”, the chance of another cut is over 75%. This is a huge jump from about 40%, at which this scenario was valued a few days ago.
All this is combined with the end of the US government shutdown and the slow withdrawal of funds from TGA, the government account, which increases liquidity in the banking system and should translate into increases in cryptocurrency valuations. Assuming that these funds reach the BTC and altcoin market.
On December 1, the Fed will end quantitative tightening.
Declines cannot be ruled out yet, but personally I still believe that the boom continues and will be driven by macroeconomic data (the end of tightening and interest rate cuts).
What does an expert from the Bitget exchange say?
We asked Ignacio Aguirre, CMO of Bitget, for his opinion on the current market situation, and he pointed out where the weekend increases came from:
The weekend rebound in bitcoin and major altcoins could be an early sign of a broader market recovery, rather than a short-term rebound. Historically, November has been one of the strongest months for bitcoin, with average gains of around 42%, and the recent softening in retail sales suggests that the market may already be hitting a short-term low.
Ethereum’s return above the $2,800 level comes amid expectations for upgrades like Fusaka to improve network performance, DeFi activity, and overall scalability. All these signals indicate the maturation and increasing durability of the cryptocurrency ecosystem.
This text does not constitute investment advice. Remember: you always invest at your own risk.
