"Bitcoin rebounded from one-week lows on Monday, as expectations of a more accommodative monetary policy stance helped stabilize sentiment. Attention now turns to Tuesday's release of US nonfarm payrolls for October and November, which could set the tone for the weeks ahead. A weaker print could strengthen expectations for multiple rate cuts in 2026, benefiting risk assets such as cryptocurrencies."
"Additionally, November inflation data will also be closely watched, with stable or easing price pressures likely to boost Bitcoin prices. However, ETF flows continued to tilt between inflows and outflows from one day to another, showing a potentially fragile sentiment among some investors, which could leave bitcoin without strong support. Meanwhile, Strategy chair Michael Saylor hinted at a potential Bitcoin purchase. A large purchase could support sentiment around the cryptocurrency."
Bitcoin bounced off one-week lows amid expectations of a more accommodative monetary policy stance that helped stabilize market sentiment. Market focus shifted to upcoming US nonfarm payrolls for October and November, where a weaker print could increase odds of multiple 2026 rate cuts and benefit risk assets. November inflation data also attracted attention, with stable or easing pressures likely to lift Bitcoin. ETF flows swinging between inflows and outflows signaled fragile investor sentiment that could leave Bitcoin without firm support. Potential large purchases hinted by Michael Saylor and developments like HashKey's IPO and UK regulatory moves could shape longer-term outlooks.
Read at London Business News | Londonlovesbusiness.com
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