Bitcoin News Today: "Presale Mania Meets Fed Announcements as Bitcoin Struggles to Break Past $90K Barrier"

Avalanche and

are still trading within a narrow range as overall market indecision lingers, yet a surge in excitement fueled by a restricted whitelist has sparked renewed hope among digital asset traders. climbed past $87,000 on Monday, buoyed by growing expectations of Federal Reserve interest rate reductions, while investors keep an eye on upcoming U.S. economic releases and global political events that could alter risk sentiment .

This week’s U.S. economic agenda highlights key inflation data, such as the S&P Global Manufacturing and Services PMI for November, which may sway the Fed’s next moves. Although Fed Chair Jerome Powell has recently expressed caution regarding rate cuts, leaving traders uncertain,

indicating that cuts could come "soon" have pushed futures markets to price in a 57% likelihood of a December cut. At the same time, earnings reports from major tech and consumer firms including , Coca-Cola, and Twilio are expected to add to market swings .

Bitcoin’s latest rally has faced resistance from technical barriers. Market observers have pointed out that price surges over the weekend often lose steam when institutional traders return, with the liquidity void between $88,000 and $91,000 representing a significant hurdle for bulls. "

," commented analyst Ted Pillows on social media, emphasizing the instability of short-term rallies. Whether the asset can surpass $90,000 will and closing a notable CME futures gap.

Geopolitical factors are also in play. The G20 summit in Johannesburg went ahead without U.S. representation, as

the meeting due to disagreements with South Africa’s priorities. The lack of U.S. involvement complicates international cooperation on matters like climate funding and debt relief, and the summit’s decisions could indirectly affect crypto markets by influencing regulatory policies and economic stimulus efforts.

In traditional finance, stock markets delivered mixed results, with Asia-Pacific shares rising 0.4% as traders speculated on potential Fed easing. However, Chinese equities underperformed amid worries about U.S. chip export restrictions, an issue that also

that depends on cutting-edge semiconductors.

The outlook for Bitcoin remains uncertain. While inflows into ETFs and a strong market capitalization point to ongoing bullishness, doubts from institutional players and liquidity gaps highlight the risk of a downturn. For now, the market’s focus on possible rate cuts and geopolitical events shows how macroeconomic signals and speculative trading continue to intersect.