Bitcoin, the world’s largest cryptocurrency by market value, faced renewed volatility over the weekend, sliding 1.59% to $93,684 as of 4:21 p.m. ET (3:21 a.m. WAT) on Sunday. However, the digital asset regained some momentum by Monday morning, bouncing back to $95,050 at 7:29 a.m. WAT.
The recovery follows a sharp decline on Friday, when Bitcoin sank to its lowest level in six months. The drop came amid a widespread sell-off in risk assets, driven by fading expectations that the U.S. Federal Reserve will announce an interest rate cut at its upcoming policy meeting. Just weeks ago, markets were confident a cut was likely, but sentiment has shifted rapidly.
Current market pricing reflects only about a 40% probability of a December rate cut—down significantly from roughly 90% earlier this month and just over 60% last week. The uncertainty has pushed investors toward caution, triggering turbulence across financial markets.
While U.S. equities saw some relief late Friday afternoon, investors remain wary as they prepare for a busy week of economic releases. The renewed flow of government data comes after Washington ended its record 43-day shutdown, restoring operations that had stalled crucial economic reporting.
Bitcoin’s latest rebound suggests the market is attempting to stabilize, but analysts warn that ongoing uncertainty around monetary policy could fuel continued volatility in the days ahead.
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