Bonds Hint at Rebound: Crypto Daybook Americas

In the latest Crypto Daybook Americas, market volatility has heightened as Bitcoin briefly dipped below $90,000 for the first time in seven months, impacting overall market sentiment. Despite this drop, alternative cryptocurrencies like BNB and SOL performed better than Bitcoin, though most top coins experienced declines. Experts attribute Bitcoin's recent struggles to diminishing expectations of a December interest-rate cut by the Federal Reserve, with probabilities dropping from 70% to 42% within a week. Key events on November 18 include trading of new tokens on the market and speeches by Fed officials. The article also highlights various market metrics, showing Bitcoin's dominance at 58.96% and outlining recent performance in crypto equities, noting significant outflows from ETFs, particularly the BlackRock Bitcoin ETF. Regulatory environments are also shifting with countries like El Salvador actively purchasing Bitcoin despite IMF pressures. This comprehensive overview underscores the cautious atmosphere in the crypto markets, with investors awaiting clearer signals amid heightened volatility.

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