Bitcoin Update: Crypto Market Plunges Amid Fed Policy Ambiguity and Data Void

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Bitcoin Update: Crypto Market Plunges Amid Fed Policy Ambiguity and Data Void

Bitget-RWA2025/11/21 06:56

By:Bitget-RWA

- Bitcoin fell below $86,000 in late November 2025 as delayed U.S. jobs data and Fed policy uncertainty triggered a crypto sell-off. - BLS delayed October employment figures and November report, reducing December rate cut odds to 33% and eroding market clarity. - Fed internal divisions and a "data black hole" intensified volatility, with Ethereum and major cryptos losing 5-12% in 24 hours. - Fiscal acceleration and Trump tax-cut bill added complexity, while crypto liquidations hit $443M and stablecoin issu

Bitcoin tumbled below $86,000 at the end of November 2025 as

delays in U.S. employment data

and changing expectations around Federal Reserve policy led to a steep downturn in cryptocurrency markets. The Bureau of Labor Statistics (BLS) revealed it would postpone the release of October job numbers and hold off on the November report until after the Fed’s December meeting,

removing a crucial data source

for monetary decision-makers. Market participants

reduced the odds of a December rate reduction

to just 33%, down from near certainty a few weeks prior, causing turbulence across risk assets.

Bitcoin

, which had

reached $110,000

in early October, dropped to $89,000 by late November, while

Ethereum

and other leading digital currencies saw declines of 5-12% within a day.

Uncertainty around the Fed’s rate decisions has been

intensified by disagreements within the institution

, as officials such as Governor Christopher Waller cautiously support rate cuts, while Vice Chair Philip Jefferson advises caution. This lack of clarity has resulted in a “data vacuum” for investors,

forcing market participants to interpret

a patchy economic outlook. “

The cryptocurrency sector is consolidating

,” commented Edul Patel, CEO of Mudrex, pointing out that the missing October jobs report and a possible large-scale Bitcoin sale of 11,000 BTC added to the downward momentum.

Bitcoin Update: Crypto Market Plunges Amid Fed Policy Ambiguity and Data Void image 0

The downturn spread beyond digital assets, with U.S. stock markets and technology shares also suffering.

The S&P 500 remained nearly unchanged

as anticipation over Nvidia’s earnings added to market anxiety. At the same time,

forced closures in crypto futures trading

totaled $443 million in a single session, with $10 million in losses centered on Bybit’s BTCUSD contract. Stablecoin provider Circle (CRCL) experienced a 10% drop in its share price on Wednesday alone, wiping out almost half its market value since late October.

Uncertainty over policy is also being

heightened by fiscal policy shifts

. A $54 billion boost from government spending following the shutdown is anticipated in November, temporarily increasing liquidity but unlikely to counteract the broader effects of monetary tightening. Meanwhile, the Trump administration’s tax reduction plan,

expected to contribute 0.4% to GDP growth

in early 2026, is facing challenges as rising interest rates limit its effectiveness.

Investors are now preparing for

upcoming inflation figures

and manufacturing PMI data, which may offer more insight into the Fed’s direction. Yet, with the central bank’s stance

in flux

and crypto markets extremely reactive to interest rate signals,

ongoing volatility is anticipated

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitget-RWA•2025/11/21 08:06

Stellar News Today: Established Market Prefers Altcoins with Practical Use Cases Rather Than Pure Speculation

Hong Kong Steps Up Global Stablecoin Oversight, Focuses on Competition with Tokyo

- Hong Kong regulators impose strict rules on stablecoin issuers, requiring fiat-collateralized tokens and a 25M HKD capital requirement. - Aligning with global trends, the rules aim to curb risks from algorithmic stablecoins but raise concerns about Hong Kong's competitiveness against rivals like Japan. - Japan's pro-crypto policies and incentives attract firms, while global players like Deutsche Börse integrate fiat-backed stablecoins into financial systems. - Hong Kong's framework mandates reserves and

Bitget-RWA•2025/11/21 08:06

Hong Kong Steps Up Global Stablecoin Oversight, Focuses on Competition with Tokyo

Bitcoin News Update: Japan's Bond Turmoil Triggers Worldwide Crypto Sell-Off Amid Yen Carry Trade Reversal

- Japan's $135.4B stimulus package triggered a 3.41% surge in 30-year bond yields, destabilizing the $20T yen carry trade and sparking global crypto/stock selloffs. - Rising yields threaten Japan's 230% GDP debt load with higher servicing costs, creating a "debt death spiral" risk as BOJ hesitates to tighten policy. - Forced deleveraging by financial institutions intensified Bitcoin's 26% drop, with Ethereum/XRP/Solana also falling 3-5.6% amid margin calls and capital repatriation. - Upcoming 40-year bond

Bitget-RWA•2025/11/21 07:50

Bitcoin News Update: Japan's Bond Turmoil Triggers Worldwide Crypto Sell-Off Amid Yen Carry Trade Reversal

Bitcoin News Today: Bitcoin ETFs See $523M Outflow as Investors Weigh Fear Against Long-Term Strategies

- BlackRock's IBIT ETF recorded a $1.26B net outflow in Nov 2025, its largest redemption since 2024 launch. - Bitcoin price fell 16% to $52, triggering $2.59B outflows across 11 spot ETFs as bearish options demand surged. - Put-call skew hit 3.1% (7-month high), reflecting heightened pessimism and capitulation pressures in Bitcoin's price action. - Gold ETFs gained $289M as investors sought safe havens, contrasting with $1B inflows to tech/healthcare sector funds. - Year-to-date Bitcoin ETF inflows ($27.4B

Bitget-RWA•2025/11/21 07:50