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Bitcoin: around $95,000 amid weakening hopes for a Fed rate cut
Bitcoin slightly recovered after falling to a more than six-month low on Monday, but remained under pressure from weakening expectations of a Federal Reserve interest rate cut next month and increased caution ahead of delays in the publication of U.S. economic data.
The world’s largest cryptocurrency last traded little changed at $94,702 as of 18:12 MSK. Over the past 24 hours, it dropped to $93,043.5, reaching the lowest level since late April.
Last week, Bitcoin fell nearly 7%, marking a third consecutive weekly decline.
Bitcoin drops amid weakening hopes for a Fed rate cut
The decline came as traders sharply reduced bets on policy easing in December. Interest-rate futures now imply roughly a 40% chance of a rate cut at the Federal Reserve meeting on December 10–11, compared with about 90% at the start of the month.
A growing number of Fed officials are signaling reluctance to move further, citing uneven inflation trends and a still-resilient labor market. Boston Fed President Susan Collins said last week that she “would be hesitant to further ease policy” without clear signs of deterioration.
Cryptocurrency markets, which earlier this year rose on aggressive bets for Fed easing, are now losing momentum.
Spot Bitcoin ETFs also showed accelerating outflows as investors unwind positions tied to looser monetary conditions.
Sentiment was further undermined by a recent data outage caused by the U.S. government shutdown, leaving investors without key macroeconomic indicators for several weeks.
The shutdown led to delays in the release of Bureau of Labor Statistics data, including the September nonfarm payrolls report, which is now due Thursday.
Japan considers classifying cryptocurrency as financial products – Asahi
Japan’s Financial Services Agency (FSA) is reportedly preparing to reclassify cryptocurrencies as financial products under the Financial Instruments and Exchange Act, Asahi reports.
Under the proposed rules, around 105 crypto assets, including Bitcoin and Ethereum, would fall under insider-trading laws that prohibit trading based on undisclosed information.
The FSA is also pushing to reduce the tax rate on cryptocurrency gains to a flat 20%, matching the equity regime, compared with a maximum rate that can exceed 55%, Asahi reports.
Strategy bought $835.6M worth of Bitcoin last week
Strategy, the largest public holder of Bitcoin, managed by billionaire Michael Saylor, increased its already substantial crypto holdings with another major purchase during the week of November 10–16, according to a regulatory filing.
The company, formerly known as MicroStrategy, bought 8,178 Bitcoin for $835.6 million, paying an average of $102,171 per token after fees. With the latest addition, Strategy now holds 649,870 Bitcoin as of November 16, 2025, accumulated at a total cost of $48.37 billion, or an average of $74,433 per coin.
The move represents one of the firm’s largest weekly purchases this year and extends its sustained buying strategy even as Bitcoin continues to trade above the $100,000 level.
See also: "Went Against the Market. Top 5 Best-Performing Cryptocurrencies of the Week"
