SecurityTokenizer
Subscribe Our Newsletter
Vanguard’s Massive Crypto Reversal Triggers 'Highly Bullish' Mainstream Momentum
202
Dec 04, 2025
Crypto traders are eyeing US jobless claims for fresh policy clues, while Asian markets traded mixed, with Japan firmer and broader regional sentiment cautious.
Bitcoin held near $93,000 in Asian trading on Thursday, while regional stocks made a lacklustre start as soft US data reinforced expectations that the Federal Reserve will cut interest rates next week.
Bitcoin Eyes Breakout As Traders Track Key US Jobless Data
Akshat Siddhant, lead quant analyst at Mudrex, said a decisive breakout above current levels could clear the path to the $103,000 supply zone.
He added that traders are watching US weekly jobless claims later on Thursday, which could help support Bitcoin’s upward trajectory if they reinforce the case for easier policy.
Rate Cut Probability Climbs As US Data Softens
US index futures were steady after Wednesday’s gains, with contracts on the Dow Jones Industrial Average, S&P 500 and Nasdaq all modestly higher. European futures were flat to slightly weaker, with DAX and FTSE 100 edging down and CAC 40 a touch stronger.
Overnight on Wall Street, small caps led the advance. The Russell 2000 jumped about 1.9% and the S&P 500 notched a second straight rise after US private payrolls posted their biggest drop in more than two and a half years.
Greenback Hits Five-Week Low, Investors Track Signals On Future Fed Moves
The dollar index slipped around 0.4% to 98.878, touching a five-week low and extending its losing streak to a ninth session. The yield on the 10-year US Treasury was steady near 4.07% after a Financial Times report said bond investors have expressed concern to the Treasury that Hassett could push for aggressive rate cuts aligned with President Donald Trump’s preferences.
The next major macro test comes on Friday with the release of the personal consumption expenditures index, the Fed’s preferred inflation gauge.
Until then, markets are trading on the assumption that a December cut is virtually locked in and that 2025 and 2026 policy will hinge on how quickly growth and employment cool from here.
Sources >> Vanguard’s Massive Crypto Reversal Triggers 'Highly Bullish' Mainstream Momentum
Trending News
Subscribe Our Newsletter
