The Federal Reserve’s newly released minutes from the October 28–29 meeting have thrown fresh uncertainty into the December policy outlook, sharpening market volatility across equities, bonds, and Bitcoin.

While the minutes reflect economic data only available at the time of the meeting, the language shift inside the document has become the latest flashpoint for analysts dissecting the Fed’s next move.

Fed Minutes Expose a Narrow Majority Against a December Rate Cut

The Fed described “many” officials as seeing a December rate cut as “likely not appropriate,” while “several” said a cut “could well be appropriate.”

In Fed-watcher parlance, the hierarchy matters. “some” > “several”, and “many” outweighs both. This indicates that a narrow majority opposed cutting rates in December at the time of the meeting.

💥BREAKING:

FOMC MINUTES:

– MANY SAW DECEMBER RATE CUT AS LIKELY NOT APPROPRIATE

– SEVERAL SAID DECEMBER CUT 'COULD WELL BE' APPROPRIATE pic.twitter.com/nAVD0RFUEc

— Crypto Rover (@cryptorover) November 19, 2025

The minutes also indicated emerging stress points in money markets:

• Repo volatility,
• Declining ON RRP usage, and
• Reserves drifting toward scarcity.

This combination historically preceded the end of quantitative tightening (QT). Sentiment, therefore, is that the Fed may be closer than expected to ending balance-sheet runoff.

Ahead of this release, markets had already de-risked, with the Bitcoin price slipping below $89,000 to a 7-month low. The sentiment spread across crypto stocks and TradFi indices.

Macro traders say the real story is the razor-thin nature of the Fed divide. The minutes indicate no firm consensus, suggesting December is shaping up to be one of the tightest policy calls since the Fed began its inflation fight.

Some officials emphasized still-elevated inflation risks; others pointed to cooling labor conditions and fading demand. With both sides arming themselves with recent post-meeting data, including softer CPI, stable jobless claims, and cooling retail activity, December could swing on the next two data prints.

For now, the market is recalibrating to a scenario where liquidity is tightening, policy uncertainty is rising, and Bitcoin sits in a structurally vulnerable zone until buyers regain initiative.

If the Fed chooses to hold in December, markets may need to brace for a longer-than-expected plateau and more volatility ahead.

The post Fed Minutes Reveal December Rate Cut on a Knife’s Edge, Bitcoin Slips Below $89,000 appeared first on BeInCrypto.

In the past 60 minutes, over $112 million longs have been liquidated as traders de-risk in anticipation of the FOMC minutes.

Bitcoin slipped below the $90,000 psychological levels, blowing millions in long positions out of the water.

$115 Million Longs Wiped Out Amid FOMC Minutes Jitters

Data on Coinglass shows that over $112 million in long positions have been liquidated over the past hour. These positions were flushed out as the Bitcoin price dipped below the $90,000 psychological level, testing a seven-month low.

Meanwhile, the drop was not limited to the Bitcoin, as crypto stocks also registered losses, following the pioneer crypto’s fall to a 7-month low.

CRYPTO STOCKS FALL AS BITCOIN NEAR SEVEN-MONTH LOW

🔸 COINBASE GLOBAL DOWN 4.9%
🔸 BITFARMS FALLS 7.5%
🔸 STRATEGY SLIPS 10.3%
🔸 RIOT PLATFORMS FALLS 3.7%
🔸 HUT 8 MINING DOWN 3.3%
🔸 MARA HOLDINGS DROPS 6.6%

— *Walter Bloomberg (@DeItaone) November 19, 2025

It comes ahead of the October FOMC minutes, which is barely an hour out, suggesting investors are de-risking.

Beyond crypto and related stocks, indices were also down, with the Nasdaq and S&P 500 turning negative.

S&P 500 AND NASDAQ TURN NEGATIVE; S&P 500 DOWN 0.2%, NASDAQ DOWN 0.2%

— *Walter Bloomberg (@DeItaone) November 19, 2025

This drop comes barely an hour before the October FOMC minutes release, with sentiment already reflected on social media.

Amid the anticipation, US President Trump said Fed chair Jerome Powell is “grossly incompetent,” citing too high interest rates.

Meanwhile, the Bureau of Labor Statistics has also revealed that it will not publish the October Jobs report. This gap likely steps from the recently concluded US government shutdown, which saw authorities run basically blind.

“After the September jobs report (out Thursday), there won’t be another jobs report until after the Dec. 9-10 FOMC meeting BLS: The October jobs report is cancelled. The November report won’t land until December 16. Sept JOLTS is also cancelled. October JOLTS will be published December 9,” wrote Nick Timiraos.

Based on this gap in the October Jobs report, December Fed rate cut bets have dwindled, with nearly 70% anticipating policymakers will hold interest rates steady.

Some analysts also ascribe the prevailing bearish sentiment to FUD (fear, uncertainty, and doubt), as institutional players signal a lack of conviction for BTC.

This is seen with ETF outflows from the likes of BlackRock, which the asset manager posting record negative flows of on Tuesday.

“BlackRock Dumps Record $523M in Bitcoin as BTC Slips Further in Bear Market. They sold $523M in Bitcoin, the largest single-day outflow IBIT has EVER recorded. Wall Street entered, profited, and exited. Bitcoiners got played hard,” analyst Jacob King remarked.

Even as the Bitcoin price continues to drop, some analysts say the downside potential remains very much alive, potentially as low as $70,000 in the near term, or worse.

Below $98,650, the next key Bitcoin $BTC levels are:

• $75,740
• $56,160
• $52,820 pic.twitter.com/gMmWIUZ0nY

— Ali (@ali_charts) November 17, 2025

As of this writing, the Bitcoin price was trading for $88,977, down by almost 5% in the last 24 hours.

The post Nearly $115 Million Longs Liquidated As Bitcoin Drops to 7-Month Low, $70,000 Incoming? appeared first on BeInCrypto.

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee and settle in. This week, Bitcoin’s movements have traders talking, analysts scratching their heads, and even some familiar voices hinting that not everything is as it seems. Amid dips, recoveries, and cryptic warnings, one question lingers: who—or what—might really be pulling the strings behind the scenes?

Crypto News of the Day: Behind Bitcoin’s Strength—A Cabal? Jim Cramer Thinks So

Jim Cramer has once again sparked a wave of speculation across Crypto Twitter and trading desks, after suggesting that unseen forces may be at work to keep Bitcoin elevated despite mounting macroeconomic pressure.

“Almost feels like a cabal is trying to keep Bitcoin above $90,000. I like Bitcoin, but I do not like any of the derivatives created to play it, game it, or mine it,” he stated.

The remark landed at a sensitive moment for the market. Bitcoin dipped below $90,000 earlier in the week before recovering, prompting traders to dissect Cramer’s choice of words.

His reference to a “cabal,” even if rhetorical, was enough to spark theories ranging from ETF market makers defending key levels to institutional buyers accumulating quietly as liquidity thins.

Cramer doubled down hours later with another pointed message: “Even after all of this destruction, we are not oversold!!!”

To many traders, this sounded less like caution and more like classic Cramer timing, historically notorious for aligning with market inflection points in the opposite direction.

That instantly fed the Inverse Cramer narrative: when Cramer turns bearish or warning-heavy, some traders look for a bottom instead.

BUY everything

— Ali (@ali_charts) November 19, 2025

However, analysts argue that the market’s recent behavior has far more to do with macroeconomic forces than memes.

Macro Forces, Not Memes: What’s Really Driving Bitcoin’s Recent Volatility

According to QCP, Bitcoin’s brief break below the $90,000 threshold reflected the asset’s growing sensitivity to shifts in liquidity and interest-rate expectations.

Firmer rate outlooks, coupled with persistent outflows from Bitcoin ETFs, have weighed on sentiment for weeks. The rapid repricing in Federal Reserve expectations, from an assumed December rate cut to a coin flip has only intensified those pressures.

“Markets have sharply repriced Fed expectations, cutting December rate cut odds from ‘near certain’ to ‘even,’” QCP noted, emphasizing how such macro adjustments disproportionately affect duration-sensitive assets like Bitcoin.

Meanwhile, equities have remained relatively resilient thanks to blockbuster earnings from AI-driven hyperscalers. Big Tech’s strength has left crypto trailing behind, amplifying volatility as liquidity thins.

Now that the US government has reopened and economic data releases are resuming, traders are bracing for a critical week.

Labor-market indicators and the Conference Board’s Leading Economic Index, updated with new vacancy metrics, are expected to shape market expectations as we enter 2026.

These data points will help define whether the Fed leans toward caution on inflation or acknowledges signs of cooling.

Fed Chair Jerome Powell’s recent reminder that a December cut is “not guaranteed” has reinforced the cautious mood.

For Bitcoin, the question is whether recent turbulence represents a standard positioning shakeout or the opening act of broader risk-off dynamics.

Cramer’s “cabal” comment may have dominated the headlines, but the real driver may still be the macro tide, and whether it turns against crypto or slowly back in its favor.

Chart of the Day

Byte-Sized Alpha

Here’s a summary of more US crypto news to follow today:

• Japan’s yield shock threatens global markets — and Bitcoin may be next.
• Andrew Tate becomes “one of the worst traders in crypto” after losing over $800,000.
• Tether dominance hits 6% in November – Why this is a worrying signal.
• LIBRA price pumps 30% as investigators uncover a political bombshell.
• Analysts reveal key support levels for Bitcoin if selling pressure doesn’t ease in November.
• Ethereum drops near $3,000, but on-chain ‘opportunity zone’ hints at rebound.
• Top 3 Price Prediction Bitcoin, Gold, Silver: Bulls come ashore ahead of October FOMC Minutes.
• From 2052 to 2034: Quantum progress accelerates the countdown to Q-Day.

Crypto Equities Pre-Market Overview

Company	At the Close of November 18	Pre-Market Overview
Strategy (MSTR)	$206.80	$205.75 (-0.51%)
Coinbase (COIN)	$261.79	$262.73 (+0.36%)
Galaxy Digital Holdings (GLXY)	$25.58	$25.84 (+1.02%)
MARA Holdings (MARA)	$11.88	$11.99 (+0.93%)
Riot Platforms (RIOT)	$13.94	$14.03 (+0.65%)
Core Scientific (CORZ)	$15.43	$15.80 (+2.40%)

The post Is Bitcoin Being Propped Up? Jim Cramer Stokes Controversy | US Crypto News appeared first on BeInCrypto.

Crypto exchange Kraken has taken a concrete step toward going public by submitting a confidential draft registration statement to the US Securities and Exchange Commission (SEC) in advance of a planned initial public offering (IPO).

It completes Ark Invest’s earlier prediction that US President Trump’s administration would open a gateway for firms like Circle to go public.

Kraken Takes First Step Toward Public Listing

According to an official press release, the San Francisco–based crypto exchange has confidentially submitted a draft registration statement on Form S‑1 with the US SEC for a proposed initial public offering of its common stock.

While the number of shares and pricing have not yet been determined, the IPO is expected to proceed once the SEC completes its review, subject to market conditions.

The move marks a significant step in Kraken’s growth and reflects the increasing intersection of crypto and traditional finance, as investors await further details on the exchange’s public debut.

It comes only months after Circle’s public listing, with the latest development effectively marking the fruiting of Cathie Wood’s Ark Invest’s prediction.

In late 2024, Ark Invest stated that it viewed the then-prospective Trump administration as favorable for crypto, potentially opening up IPO opportunities for firms like Circle and Kraken. As BeInCrypto reported, Ark Invest cited pro-crypto policies and SEC reforms easing regulatory constraints for the sector.

“Among the possibilities are…the re-opening of the initial public offering (IPO) window for late-stage digital asset companies like Circle and Kraken…,” a paragraph in the newsletter read.

Consequently, this establishes a precedent demonstrating that crypto firms can transition to becoming publicly traded companies in the country.

In July, Kraken revealed plans to raise $500 million at a $15 billion valuation in its planned IPO. The plan succeeded in September, with the trading platform expanding into TradFi with xStocks platform and NinjaTrader acquisition. Hours ago, Kraken CEO Arjun Sethi revealed that the exchange had raised $800 million.

Once Kraken officially goes public, its stock, potentially ‘KRAK’ would join Coinbase’s COIN in the open market, which is already listed on stock exchanges.

$KRAK the world 🥷🐙 pic.twitter.com/LWbo2yLWsQ

— Kraken (@krakenfx) May 17, 2025

The post Crypto Giant Kraken Moves Toward Public Listing (IPO) appeared first on BeInCrypto.