A little update on why
$BTC is down again.
The US plays a very big role in Bitcoin liquidity.
The problem is, since October 1, their government has been shut down for 43 days, the longest in history.
This delays the release of many important economic data.
In addition to several other factors, the market has become empty, with nothing anticipated. Moreover, the rate cut decision in December will be one of the biggest sentiment drivers for risky assets.
FedWatch now gives a probability of about 55% for a rate cut at the FOMC on December 10. This means it's still 50/50. It's still very