Bitcoin’s price stabilized around $93,000 during Thursday morning’s Asian session, while the region’s stock markets got off to a cautious start, with weak U.S. data bolstering expectations that the Federal Reserve will cut interest rates next week.
In the same context, Nic Puckrin, investment analyst and one of the founders of The Coin Bureau, said that Bitcoin experienced a “remarkable recovery” yesterday, as the “torrent of good news” pushed the bulls to regain the initiative, pointing out that Vanguard lifted its long ban on investing in Bitcoin ETFs, and that the Bank Of America (BoA) recommendation asked its clients to allocate 1% to 4% of their investment portfolio assets for investing in digital currencies, which could generate an estimated $700 billion in the sector and growing confidence in the possibility of nominating crypto industry supporter Kevin Hassett to become the next chairman of the Federal Reserve.
Kevin Hassett, director of the National Economic Council, has emerged as Trump’s leading nominee for Fed chairman, putting a cryptocurrency-related ally within reach of the central bank’s leadership.#KevinHassett #FedChair https://t.co/Oa59lRry11
– Cryptonews.com (@cryptonews) November 26, 2025
“While markets are largely pricing in the Dec. 10 interest rate cut, attention is currently turning to expectations for the monetary policy stance for the year 2026, making Hassett’s appointment welcome to markets,” Bokrin explained.
An overview of the market
- Bitcoin (BTC) price: $93,609, up 0.9%
- Ethereum-ETH Price: $3,215, Up 5.9%
- Ripple coin (Ripple-XRP) price: $2.20, up 0.7%.
- Total market value of digital assets: $3.27 trillion, up approximately 1.8%
Bitcoin price eyes a decisive breakout as traders await the release of key US unemployment data.
Akshat Siddhant, head of quantitative analysis at Mudrex, said a decisive break of the near resistance barrier could allow Bitcoin price to retest the selling range at $103,000. He added that traders are awaiting weekly US jobless claims data later in the day on Thursday, which could support the currency’s continued upward trend if there is sufficient justification for adopting monetary easing policies.
In contrast, the performance of Asian stock markets varied, with Japan’s Nikkei 225 index up about 0.8 percent and the MSCI Asia-Pacific ex-Japan stock index down about 0.1 percent, affected by declines in South Korean and New Zealand stock markets, while Chinese stock indexes rebounded slightly and the Hang Seng index rose in Hong Kong, suggesting caution in trading.
The possibility of a rate cut increases amid weak US data
US index futures stabilized after making gains yesterday Wednesday, as the Dow Jones Industrial Average, S&P 500 and Nasdaq rose slightly, while European futures fluctuated between flat and slightly lower, with the DAX and FTSE 100 indexes falling and the CAC 40 index rising. (CAC 40) slightly.
Wall Street’s rise was led by small stocks last night, as the Russell 2000 index jumped 1.9% and the S&P 500 index rose for the second straight day after U.S. private sector wages posted their biggest decline in more than two and a half years. The Institute for Supply Management (ISM) survey also showed that service sector employment declined in November and the cost price subindex fell to a 7-month low, even with… Total service sector activity remained steady near 52.6.
This round of weak data reinforces the possibility of an upcoming interest rate cut, as Fed Funds futures market data currently indicates about an 89% probability of a 0.25% interest rate cut at next week’s meeting, up from about 83% last week according to the Chicago Mercantile Exchange’s (CME) FedWatch tool.
Dollar index hits 5-week low as investors await future Federal Reserve policies.
The US Dollar Index (DXY) fell around 0.4% to 98.878, touching a 5-week low, continuing its losing streak for the ninth straight session, while US 10-year Treasury bond yields stabilized around 4.07% after a Financial Times report said bond investors had expressed concerns to the Treasury Department that Hassett may seek to cut rates of interest in a brutal and successive manner in response to… As instructed by President Trump.
It comes as investors face a torrent of US data following an unprecedented 43-day government shutdown that recently disrupted the release of official data. With its delayed release, traders are placing unusual emphasis on private sector surveys and ongoing data reporting to explore the Fed’s policy direction.
Next Friday, markets prepare for the toughest test of major macroeconomic developments with the release of data on the Personal Consumption Expenditures (PCE) index, the Federal Reserve’s preferred measure of inflation. Until then, trading activity continues on the assumption that a rate cut in December is an almost certain development, with policies in 2025 and 2026 expected to depend on the speed of the slowdown in growth and the labor market.
After Asian Markets Open: Bitcoin (BTC) Price Stabilizes Around $93,000 and Stocks Show Weakness After Weak U.S. Data Suggests Fed Will Cut Interest Rates appeared first on Cryptonews Arabic.