The bitcoin price is still not rising. At the same time, forecasts regarding interest rates and Donald Trump’s policies suggest future increases.
Bitcoin price is not rising
Bitcoin price dropped below $105,000. There is still no strong breakout and return to growth.
At the same time, ether fell below the level of USD 3,500, but the bulls have already managed to regain this level.
The ETH/BTC pair is also doing better.
The Fed Watch Tool’s “valuation” shows that the Fed will cut interest rates again on December 10. by 25 bp. In addition, it is already certain that the Fed will end the process of quantitative tightening on December 1, which should help ether and altcoins.
The new idea of checks – “dividends” from customs duties – is still valid. Donald Trump promised to give most Americans $2,000. Secretary of Commerce Scott Bessent said in an interview with ABC News on Sunday that the promise could be implemented, although he had not discussed it with the president. He added that the program may take various forms:
They may just be tax cuts (…). You know, no tip tax, no overtime tax, no Social Security tax, car loans are tax deductible.
According to the expert
Ignacio Aguirre, CMO at Bitget, described the current market situation especially for us:
We are optimistically observing the growing interest in the “Moonvember” phenomenon (it refers to the growth of November – author’s note), perceiving the current sideways movement of bitcoin as a healthy phase of consolidation after a period of increased volatility. November has historically been one of the strongest months for the cryptocurrency market, and expected interest rate cuts by the Federal Reserve could improve liquidity conditions and once again strengthen investor confidence in the digital asset market.
As expectations grow about the Fed’s future interest rate cuts, favorable liquidity conditions may further increase capital flows into risky assets. Combined with positive seasonality and growing institutional appetite, this landscape sets the stage for a significant breakout that could fuel a broader wave of innovation in the blockchain and digital asset space.
The key catalysts remain a more transparent regulatory framework, growing institutional inflows through ETFs, and global macroeconomic changes such as continued low interest rates, all of which support the long-term development of the ecosystem and its uptake among mainstream users.
