Fed rate cut expectations rise, Asian stocks follow, Bitcoin fluctuates around $93,000

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[Crypto World] Asian stock markets followed the pace of US stocks today and saw a round of gains. The MSCI Asia Pacific Index rose 0.2%, while US stock futures remained fairly stable with no major moves.

Behind this rally, the main driver was cooling signals from the US labor market, leading the market to bet that the Federal Reserve might cut rates next week. The US dollar dipped in early trading but later recovered, ending up roughly flat. Treasury yields are moving lower, with the two-year yield nearing 3.48%.

In the crypto market, Bitcoin had been surging recently but has now pulled back a bit, hovering around $93,000. Overall, both traditional financial and crypto markets are digesting these rate cut expectations, with a wait-and-see sentiment prevailing.

BTC-1.93%
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SerumDegenvip
· 10h ago
ngl, fed pivot copium is hitting different today... btc clinging to 93k like it's the last lifeboat before capitulation hits. seen this movie before tho 💀
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NFTArchaeologistvip
· 12-04 01:30
The 93000 level is really tough to break through. As soon as there are interest rate cut expectations, it easily gets hit down. Feels like it's better to wait and see.
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MetaEggplantvip
· 12-04 01:29
The 93000 level is really a bit awkward, stuck there neither up nor down. Feels like it's just waiting for the Fed's reaction.
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Blockblindvip
· 12-04 01:27
Oscillating around 93000, just waiting for the Fed's move—will the rate cut really happen?
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MEVSupportGroupvip
· 12-04 01:23
The 93,000 level has been tested several times now, just waiting for the Fed to make the final decision. Otherwise, we'll have to keep waiting.
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LiquidityNinjavip
· 12-04 01:01
93000 is such an awkward level, it just feels like it's scratching an itch over and over...
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ForumMiningMastervip
· 12-04 01:00
Rate cut expectations are here again, it's always the same hype. $93,000 is probably the ceiling for Bitcoin... Better to wait until the Fed actually implements it. For now, everyone is just watching. The dollar side keeps going back and forth, it's pointless.
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