The possibility of Fed rate cut in December has increased sharply. This is because the consumer confidence in the United States has dropped towards the all-time low. Data from the University of Michigan showed that its Consumer Sentiment Index dropped sharply to 50.3 in November, marking its second-lowest reading in history. Consumer Confidence Falls Below

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Bitcoin price remains under selling pressure despite multiple tailwinds, including continuous buying by treasury firms, the US government shutdown finally ending, and spot ETF inflows. Bitcoin and the broader crypto market are likely to remain range-bound lower without a macro catalyst, experts believe. Trading volumes support wipes out as sentiment changed after BTC dropped below

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