Bonds Hint at Rebound: Crypto Daybook Americas
By Omkar Godbole (All times ET unless indicated otherwise)
Risk-off sentiment deepened in Asian trading as the price of bitcoin briefly fell below $90,000 for the first time in seven months before stabilizing near $91,000, a 4.5% drop over 24 hours.
While major alternative cryptocurrencies like , BNB and SOL also dropped, they outperformed the largest cryptocurrency. Most of the top 100 coins are in the red, except for a handful of exceptions like ASTER, HYPE, KYPE and ICP.
Some experts attribute BTC’s double-digit monthly slide mainly to fading expectations of a December Federal Reserve interest-rate cut.
“The probability of a cut fell from roughly 70% to 42% in just about a week, amplified by…
