Bitcoin traders posted noticeably more optimistic commentary on Friday after the likelihood of a US Federal Reserve rate cut in December surged sharply within a 24-hour period.
The CME FedWatch Tool showed the probability of a rate cut rising to 69.40% on Friday, up from 39.10% the previous day.
Some analysts argue the shift could provide the catalyst needed to stabilize Bitcoin’s recent price decline.
Crypto analyst Moritz wrote, “Let’s see if that’s enough to find a bottom here for now,” as Bitcoin traded near $85,071 and remained down roughly 10% over the past week.
Dovish Fed Commentary Sparks Market Reaction
The rise in rate-cut expectations followed comments from New York Federal Reserve president John Williams, who said the central bank could lower rates “in the near term” without jeopardizing inflation progress.
Bloomberg analyst Joe Weisenthal pointed to the remarks as the cause for the surge in futures pricing.
Not everyone is convinced the shift will lead to immediate relief.
Economist Mohamed El-Erian warned that investors should not get “carried away,” but broader sentiment across the crypto market leaned bullish.
Crypto commentator Mister Crypto summarized the mood by noting, “Usually this would be bullish.”
Analysts Highlight a Potentially “Bullish Setup”
Crypto analyst Jesse Eckel described the backdrop as highly favorable, saying, “If you zoom out, the setup is unfathomably bullish.”
Eckel added, “I don’t know why we keep going lower,” arguing that markets appear to be moving from a tightening cycle to an easing one.
Another analyst, Curb, said, “Crypto will explode in a massive rally,” if cuts arrive as many traders now expect.
Rate cuts historically benefit higher-risk assets such as cryptocurrencies by reducing the yield advantage of traditional savings vehicles.
Coinbase Institutional Says Odds Were Previously Mispriced
Coinbase Institutional also weighed in, saying in an X post that markets have been underestimating the probability of a cut.
“While markets are leaning toward ‘no cut’ this time, we believe the odds for a rate cut are actually mispriced,” the firm said.
The post noted that inflation signals and tariff-related economic research support a case for reducing rates sooner than expected.
Despite the boost in sentiment, the broader crypto market continues to show weakness.
The Crypto Fear & Greed Index fell to an “Extreme Fear” score of 14 on Friday, marking one of its lowest readings in recent weeks.
WhiteBIT, the largest European cryptocurrency exchange by traffic, has entered into a strategic cooperation agreement with Durrah AlFodah Holding, represented by His Royal Highness Prince Naif Bin Abdullah Bin Saud Bin Abdulaziz Al Saud, to drive the Kingdom’s advancement in blockchain technology, digital finance, and data infrastructure.
This landmark agreement was facilitated by Seaside Arabia, which served as the strategic consultant and subject matter expert throughout the process, guiding the framework and objectives of the partnership. This cooperation aligns directly with the strategic pillars of Kingdom of Saudi Arabia Vision 2030, fostering economic diversification, technological innovation, and digital transformation across the Kingdom’s public and private sectors.
The partnership sets the foundation for key national-scale projects within the Kingdom, including:
• Stock Market Tokenization – introducing blockchain-based digital securities to enhance transparency, accessibility, and liquidity in the Saudi financial market;
• Central Bank Digital Currency (CBDC) Framework Development – supporting infrastructure research and design for a sovereign digital currency ecosystem;
• National Data Computing and Mining Centers – building secure and large-scale facilities for data processing, blockchain computation, and digital asset mining.
Under the agreement, Durrah AlFodah will facilitate WhiteBIT’s market entry, regulatory engagement, and partnership development across Saudi Arabia, while WhiteBIT will provide technological expertise and infrastructure design. The collaboration also envisions the formation of a joint venture company to manage and scale these initiatives.
Volodymyr Nosov, Founder and President of W Group, which WhiteBIT is, stated:
“It is an honor to work alongside the Holding of His Royal Highness Prince Naif Bin Abdullah Bin Saud to build the foundations of Saudi Arabia’s digital transformation. Together, we aim to establish secure and sovereign blockchain systems that will shape the Kingdom’s technological future.”
This agreement reinforces a shared vision between both parties — to make Saudi Arabia a regional hub for blockchain innovation, digital finance, and data sovereignty.
Author: Thomas Goldstein
Senator Tim Scott, the chair of the Senate Banking Committee, says he expects progress on a major crypto market structure bill as early as next month.
He told Fox Business that he aims to schedule a markup with the goal of sending the legislation to President Donald Trump early next year.
Scott said negotiations with Democrats remain ongoing, but he accused them of delaying action.
“Next month, we believe we can mark up in both committees and get this to the floor of the Senate early next year so that President Trump will sign the legislation making America the crypto capital of the world,” Scott said.
A Push for Regulatory Clarity
Lawmakers have been working to define the regulatory roles of the SEC and CFTC, particularly following the House’s passage of the CLARITY Act earlier this year.
That bill outlined the responsibilities of the two agencies and established rules defining when a token qualifies as a commodity or security.
The Senate has been developing its own version of the proposal, with the Agriculture Committee responsible for commodity oversight and the Banking Committee leading securities-related sections.
Both committees released discussion drafts over the past several months, leaving room for further negotiations before a final version is introduced.
Industry Leaders Call for Action
Supporters of the bill say that clearer federal rules are urgently needed to keep crypto businesses from moving offshore.
Coinbase CEO Brian Armstrong said in a video message that he has been in Washington pushing for the bill, adding that he believes lawmakers are making tangible progress.
“Senate banking is also working nights and weekends to get the next iteration of their text out, so we’ve got a good chance, I think, of a markup for this bill in December, hopefully get it to the president’s desk shortly thereafter,” Armstrong said.
“This would be a big milestone to get crypto unlocked with clear rules in the US, which would benefit all companies,” he said.
What Happens Next
If the Senate passes its version, the two chambers will need to reconcile their respective drafts.
Once a final bill is approved, it would be sent to President Trump for signature.
Republicans currently hold 53 seats in the Senate, compared to 47 for Democrats, meaning bipartisan backing will still be required to reach the 60 votes needed for passage.
The coming weeks will determine whether the long-delayed effort to build a national crypto framework will finally move forward.
ARK Invest has increased its exposure to crypto-linked equities, adding significant amounts of BitMine Immersion Technologies and Bullish shares across multiple exchange-traded funds while broader markets continued to trend downward.
Daily trade disclosures from Friday show that the ARK Fintech Innovation ETF acquired 18,089 BitMine shares.
The ARK Next Generation Internet ETF purchased an additional 34,637 shares.
The ARK Innovation ETF added the largest amount at 116,681 shares.
In total, ARK bought 169,407 BitMine shares on the day, an investment valued at approximately $5.83 million.
Separately, ARKF bought 8,063 shares of Bullish.
ARKW added 15,441 shares.
ARKK acquired 52,011 more.
These combined purchases amounted to 75,515 Bullish shares worth roughly $2.91 million.
Buying During Market Weakness
The renewed accumulation came as both stocks were hit by heavy selling pressure.
Bullish closed down 6.19% at $38.48.
BitMine fell nearly 6% to $34.40.
Both recovered slightly in after-hours trading.
ARK’s steady buying during dips has become a recurring strategy, particularly as the firm positions itself more aggressively in digital-asset-linked equities.
ARK’s Expanding Crypto Acquisition Strategy
This latest move follows ARK’s recent multi-day acquisition of Circle (CRCL) shares.
Over two days last week, the firm purchased 542,269 Circle shares for a combined cost of roughly $46 million.
The buying took place as Circle’s stock continued to decline, falling first to $86 and then to $82.30.
These transactions mark ARK’s first Circle purchases since June, when the firm sold approximately 1.7 million shares at an average price of $200, generating $352 million.
ARK has also continued to expand its position in BitMine.
On Thursday, the firm purchased 242,347 additional BitMine shares for around $8.9 million after the stock dropped below $37.
BitMine’s Leadership Shift Adds Further Attention
BitMine has drawn broader market interest following its announcement of a leadership transition.
The firm confirmed that Chi Tsang has replaced Jonathan Bates as CEO, and it also appointed three new independent board members.
More than 3.5 million Ether — valued at over $11 billion — now sits in BitMine’s treasury.
The company’s transformation from a mining-focused business to a major institutional holder of Ethereum has intensified comparisons to Michael Saylor’s Strategy, which maintains the largest Bitcoin treasury among publicly traded firms.
ARK’s Long-Term Positioning in Crypto Markets
ARK’s ongoing crypto-related acquisitions indicate confidence in long-term growth opportunities despite near-term volatility across digital asset markets.
The firm’s activity aligns with its broader investment philosophy, which favors high-growth, high-risk innovation sectors even during downturns.
Whether this accumulation continues will likely depend on how crypto-linked equities perform as broader macroeconomic conditions evolve.
Michael Saylor, executive chair of Strategy, has dismissed reports that the company reduced its Bitcoin holdings during the latest flash crash, calling the claims inaccurate and reaffirming the firm’s long-term accumulation strategy.
His comments arrived after a steep 24-hour price drop that pushed Bitcoin from above $100,000 to below $95,000.
Saylor Says Reports of Bitcoin Selling Are False
In a Friday post on X, Saylor said there was “no truth” to suggestions that Strategy had cut its Bitcoin reserves by about 47,000 BTC — a reduction worth $4.6 billion at current prices.
He emphasized that the company was continuing to purchase Bitcoin, even as volatility intensified and the price fell more than 4% in a single day.
“I think the volatility comes with the territory,” Saylor said in a CNBC interview on Friday.
“If you’re going to be a Bitcoin investor, you need a four-year time horizon and you need to be prepared to handle the volatility in this market.”
Strategy remains the world’s largest corporate Bitcoin holder with a treasury of roughly 640,000 BTC.
However, its dominance has tapered as other institutions increased their accumulation.
Companies including Coinbase and Metaplanet acquired more Bitcoin in October than Strategy, reducing the firm’s lead.
Strategy Stock Declines Amid Market Uncertainty
Shares of Strategy (MSTR) have mirrored some of the weakness seen in the crypto market.
According to Nasdaq data, the stock fell to $205.38 at the time of publication — a drop of more than 17% over the previous five days.
Market analysts noted that declining Bitcoin prices, combined with increased competition in corporate BTC accumulation, have added pressure to the stock.
Government Shutdown Ends, Bitcoin Reaction Mixed
The end of a 43-day U.S. government shutdown brought a temporary boost to financial markets earlier in the week, though it remains unclear whether the resolution will have a lasting influence on Bitcoin’s trajectory.
BTC surged above $106,000 on Sunday amid optimism that lawmakers were nearing a funding deal.
A second rally occurred on Wednesday after the House passed a continuing resolution followed by President Donald Trump signing it into law.
However, data from Nansen showed the rally faded once government operations officially restarted on Thursday.
Bitcoin’s price fell below $100,000 shortly afterward, suggesting that macro relief alone is insufficient to sustain upward momentum in current market conditions.
Bitcoin’s latest price action continues to test investor confidence as the cryptocurrency struggles to recover from its recent drop.
After briefly dipping to around $100,700 on Wednesday, BTC remains down roughly 3.5% on the weekly candle.
The move is part of a wider trend that has seen long-term holders unload more than 815,000 BTC over the past month.
That level of selling has raised alarms among analysts who warn that lower liquidity pockets could drive Bitcoin toward the June 2025 lows near $98,000 if volatility accelerates.
The broader market is now watching how Bitcoin behaves around the critical $100,000 region, which has repeatedly been tested throughout the year.
Liquidity Mapping Shows Market Vulnerability
Crypto analysts following liquidity flow patterns say that Bitcoin’s current range is showing clear pockets of weakness.
Trader Daan Crypto noted that a “large cluster of liquidity sits below the local lows at $98,000–$100,000,” suggesting that if selling pressure increases, the market may gravitate toward that zone.
He also pointed to upside liquidity targets near $108,000 and $112,000 but stressed that only the first target is currently within realistic reach.
According to his assessment, whichever liquidity band breaks first could determine whether Bitcoin enters a sharp short squeeze or a capitulation-style flush.
This view is backed by several futures traders who say BTC is increasingly likely to revisit the lower end of its range.
Futures trader Byzantine General stated that Bitcoin “is likely to sweep the lows around $98,000,” citing repeated failures to break higher.
Data from CoinGlass supports this bearish tilt, showing nearly $1.3 billion in cumulative long leveraged liquidity concentrated around $98,000.
That figure has risen sharply since the beginning of the week, indicating that traders have layered bids just below current levels.
Repeated Support Retests Signal Structural Weakness
One of the more worrying indicators for market analysts is the consistent retesting of support between $102,000 and $100,000.
Bitcoin has now returned to that region four separate times since May 2025.
Each retest weakens buyers’ conviction and reduces the number of resting bids available to defend the support line.
Analyst UBCrypto said the latest bounce resembled a failed breakout attempt and added that the region is “not a level worth buying into” until Bitcoin shows a confirmed shift in momentum.
He argued that entering positions slightly higher is preferable if it means avoiding a potential breakdown.
Despite this caution, long-heavy positioning remains dominant among retail traders.
Hyblock Capital data shows that 68.9% of BTC orders on Binance still lean long, suggesting many believe the $100,000 level will hold.
However, the daily and weekly charts both show softening structure at higher time frames.
This has increased expectations that Bitcoin may eventually test the liquidity pool near $98,000 before the market finds a stronger footing.
Deeper order book support appears to sit just above Bitcoin’s current price, but analysts warn that the market could still be pulled into lower liquidity areas if sentiment deteriorates.
If selling from long-term holders continues and short-term traders remain overleveraged, Bitcoin may still face additional downside pressure before recovery attempts strengthen.
U.S. stock markets rallied on Wednesday as optimism grew over a potential resolution to the government shutdown, while Bitcoin retreated from recent highs.
The Dow Jones Industrial Average rose by 423 points, or 0.9%, reaching a new intraday high as investors awaited a House vote on a bill to end the 40-day government closure.
Stocks Surge as Confidence Returns
Strong performances from banking giants such as Goldman Sachs, JPMorgan Chase, and American Express fueled the rally.
The S&P 500 inched up 0.1%, while the Nasdaq Composite slipped 0.3%, showing slight weakness in tech shares.
Meanwhile, gold climbed to around $4,180 and silver rose above $53, boosted by safe-haven demand and expectations of resumed government data releases once the shutdown ends.
Investors seemed to rotate back into equities and commodities with clearer ties to fiscal policy and credit conditions.
Bitcoin Pulls Back
Bitcoin dropped 3.4%, falling from an intraday high of $105,300 to a weekly low near $101,200.
The decline came as investors shifted capital toward traditional assets, signaling a temporary cooling of crypto enthusiasm following a strong rally earlier in the week.
The move reflects a broader recalibration in risk appetite.
As the threat of a prolonged shutdown fades, market participants appear more comfortable positioning around traditional investments rather than digital assets.
ETF Inflows Suggest Long-Term Optimism
Despite short-term weakness, Bitcoin’s long-term outlook remains supported by institutional interest.
Spot Bitcoin exchange-traded funds recorded $524 million in cumulative net inflows on Tuesday — the highest daily total since early October.
The renewed ETF activity suggests that investors are gradually rebuilding exposure to Bitcoin after the volatility seen earlier this month.
With the Federal Reserve expected to provide new policy guidance later this month, any hint of a dovish stance could reignite demand for risk assets, including cryptocurrencies.
If market volatility stabilizes and government operations resume smoothly, Bitcoin may regain upward momentum as investors seek diversification beyond equities.
Crypto advocate and attorney John Deaton has announced his second campaign for the U.S. Senate in Massachusetts, setting up another potential face-off with Democratic incumbent Ed Markey in 2026.
At an event in Worcester on Monday, Deaton declared his candidacy, saying in a campaign video, “I’m winning this time.”
Deaton previously ran as the Republican challenger against Senator Elizabeth Warren in 2024, losing by approximately 700,000 votes.
Focus Shifts Beyond Crypto Policy
While his latest announcement did not focus heavily on digital asset regulation, Deaton’s name remains closely tied to the crypto world.
He gained prominence representing XRP holders in Ripple’s long-running legal battle against the U.S. Securities and Exchange Commission (SEC).
Deaton confirmed that he would again run as a Republican to unseat Markey, who has been a vocal critic of cryptocurrency mining and voted against the GENIUS stablecoin bill.
Political Landscape and Early Challenges
Massachusetts remains a Democratic stronghold, and Deaton’s path to victory may face significant hurdles.
Representative Seth Moulton, a Democrat from Massachusetts’s 6th Congressional District, has already emerged as a potential contender for the Senate seat.
Markey, now 79, has held the position since 2013 and continues to attract strong support among Democratic voters.
Crypto Community Backs Deaton’s Effort
Despite the uphill battle, Deaton retains a loyal base within the crypto community.
“We’re never going to not be excited about someone advocating for [crypto] policy,” said Mason Lynaugh, community director at Stand With Crypto. “He’s going to have his own voters he’s going to cultivate that are very excited to see someone like him saying these types of things publicly.”
During his 2024 campaign, Deaton raised over $360,000 in the first quarter alone, with major contributions from executives at Ripple, Gemini, and Kraken.
As the 2026 race begins to take shape, Deaton is expected to continue leveraging his national profile and support among crypto advocates to challenge the Democratic establishment.
BitMine Immersion Technologies continues its aggressive Ethereum accumulation, purchasing 110,288 ETH last week, a 34% increase from the prior week.
The acquisition brings BitMine’s total Ether holdings to 3,505,723 tokens at an average price of $3,639 per token.
BitMine chairman Tom Lee highlighted the opportunity presented by recent Ether price dips.
“To me, it is evident that Wall Street is very interested in tokenizing assets onto the blockchain, creating greater transparency and unlocking new value for issuers and investors.
This is the key fundamental story and supports our view that Ethereum is a super cycle story over the next decade,” Lee said.
Originally a cryptocurrency mining firm, BitMine has evolved into the largest Ethereum treasury company.
The firm’s ETH holdings are now valued at around $12.5 billion, representing approximately 2.9% of the total 120,696,594 ETH supply.
BitMine has set a long-term goal of acquiring 5% of all Ethereum tokens.
Lee, who is also co-founder of financial research firm Fundstrat, remains highly bullish on ETH’s potential.
In mid-October, he forecasted Ether could reach between $10,000 and $12,000 by the end of 2025.
At the time of writing, ETH trades at $3,561, down 13.4% over the past two weeks and 4.7% in the past month.
This means BitMine’s treasury is currently in a paper loss, requiring a roughly 180% increase in price to reach Lee’s $10,000 target by year-end.
Meanwhile, BitMine’s stock, BMNR, has surged over 400% in 2025, trading at $41.15.
The company’s continued buying signals confidence in Ethereum’s long-term adoption and market positioning.
Trump Media and Technology Group reported a net loss of $54.8 million in the third quarter, up from $19.3 million the same time last year.
The company operates the Truth Social social media platform and saw revenues decline to $972,900 from over $1 million a year ago.
Shares ended trading down 1.73% at $13.10 and rose slightly after hours to $13.20.
Crypto Holdings and Strategy
Trump Media held 11,542 Bitcoin as of September 30.
The company first began buying Bitcoin in late July and has indicated plans to acquire more, alongside exploring other cryptocurrencies.
Bitcoin holdings generated $15.3 million of realised income from options investments.
Additionally, the company posted $33 million in unrealised gains from holding Cronos tokens.
The company said it acquired Bitcoin as part of an investment strategy launched in May after raising $1.5 billion from stock sales and $1 billion from bonds.
Expansion and Treasury Moves
CEO Devin Nunes stated the quarter was crucial to Trump Media’s expansion plans.
He said the company has “secured our financial future with a massive Bitcoin treasury, and expanded our existing platforms.”
The company also formed Trump Media Group CRO Strategy, a digital asset treasury company aimed at buying up to $1 billion in Cronos tokens, representing over 6.3 trillion units.
“With these financial assets now earning income, alongside our second consecutive quarter of positive operating cash flow, we’re well-poised to act on our mergers and acquisitions strategy,” Nunes said.
Financial Assets and Stock Challenges
Trump Media’s financial assets grew from $274 million in March 2024 to $3.1 billion as of September 30.
Despite this, the company’s stock has struggled, losing 61% year-to-date.
The large cryptocurrency holdings have provided income, but the operating business continues to face pressure.