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The Federal Reserve announced a 25 basis point rate cut and halted quantitative tightening (QT), but the market experienced short-term panic due to Powell's hawkish comments regarding uncertainty over a rate cut in December. Bitcoin and Ethereum prices declined. Summary generated by Mars AI. The accuracy and completeness of this summary, generated by the Mars AI model, are still in the process of iterative improvement.
Bitcoin (BTC) traders are watching mid-November closely as multiple signals point to a potential local bottom near $100,000. The 50-day moving average is expected to cross below the 200-day SMA, forming a “death cross” that historically marks exhaustion, not major downturns.
Bitcoin is showing clear signs of weakness, and market confidence is being put to the test.
Solana’s stalled rally and plunging inflows point to fading investor confidence, with the altcoin now battling to defend $183 support after multiple failed breakout attempts.
In a new report, FTX founder Sam Bankman-Fried claims his exchange was solvent and blames its collapse on lawyers—not fraud—sparking backlash from investigators who accuse him of rewriting history.
Bitcoin's recent drop was a "textbook shakeout of weak hands," analysts say, noting long-term conviction is intact. Unrealized losses remain minor, suggesting the bull cycle structure holds.
