- Bitcoin breaks below $100K, hitting its lowest level since May after a 20% drawdown.
- Traders brace for potential volatility as President Trump prepares new remarks on crypto.
- A federal data blackout raises uncertainty ahead of the next Fed interest-rate decision.
Bitcoin tumbled below the $100,000 mark, hitting its weakest level since May and reigniting fears that a deeper price crash could be unfolding. After setting an all-time high in October, BTC has failed to regain upside momentum, falling nearly 20% from its peak and slipping into a technical bear market. The sharp decline comes as liquidity continues to thin out during U.S. trading hours, worsening sell-offs that begin overnight and accelerate once the American session opens.
Analysts Brace For Trump’s Next Bitcoin Shock
Market tensions are rising ahead of President Donald Trump’s next speech, with traders warning that any unexpected comments on crypto policy or tariffs could spark another volatile swing. Trump has already shaken markets multiple times in recent weeks, and analysts say his upcoming remarks could either stabilize sentiment or fuel fresh uncertainty.
Data Blackout Raises Stakes For Federal Reserve Decision
Complicating matters further, the ongoing U.S. economic data blackout — triggered by the government shutdown and delayed federal reporting — has left investors flying blind. With no fresh inflation or jobs numbers, traders lack the usual signals they rely on heading into the Federal Reserve’s December meeting. Some fear this could push the Fed toward a more cautious posture, while others warn an unexpected stance could jolt markets just as bitcoin hovers at a critical support zone.
