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.

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.

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.

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.

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.

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

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.

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

Risalah baru yang dirilis oleh Federal Reserve dari pertemuan 28–29 Oktober menambah ketidakpastian baru dalam prospek kebijakan Desember, meningkatkan volatilitas pasar di ekuitas, obligasi, dan Bitcoin.

Meskipun risalah mencerminkan data ekonomi yang hanya tersedia saat pertemuan, perubahan bahasa dalam dokumen tersebut menjadi titik fokus terbaru bagi analis yang mencoba memahami langkah selanjutnya dari The Fed.

Risalah The Fed Ungkap Mayoritas Tipis Menentang Pemangkasan Suku Bunga Desember

The Fed menggambarkan bahwa “banyak” pejabat memandang pemotongan suku bunga Desember sebagai “mungkin tidak sesuai,” sementara “beberapa” mengatakan pemotongan “bisa jadi sesuai.”

Dalam istilah pengamat Fed, hierarki ini penting. “some” > “several”, dan “many” lebih besar dari keduanya. Ini menunjukkan sebagian besar kecil menolak pemotongan suku bunga Desember pada saat pertemuan.

Risalah juga menunjukkan munculnya titik stres di pasar uang:

• Volatilitas repo,
• Penurunan penggunaan ON RRP, dan
• Cadangan cenderung menuju kelangkaan.

Kombinasi ini secara historis mendahului akhir dari pengetatan kuantitatif (QT). Oleh karena itu, sentimen menunjukkan bahwa The Fed mungkin lebih dekat dari yang diharapkan untuk menghentikan pengurangan neraca.

Sebelum risalah ini dirilis, pasar sudah melakukan de-risking, dengan harga Bitcoin turun di bawah US$89.000 ke level terendah dalam tujuh bulan. Sentimen ini menyebar di saham kripto dan indeks TradFi.

Trader makro mengatakan cerita sebenarnya adalah tipisnya perpecahan di dalam The Fed. Risalah ini menunjukkan tidak ada konsensus yang kuat, mengindikasikan Desember akan menjadi salah satu keputusan kebijakan tersulit sejak The Fed memulai perjuangannya melawan inflasi.

Beberapa pejabat menekankan risiko inflasi yang masih tinggi; yang lain menunjuk pada kondisi tenaga kerja yang mendingin dan permintaan yang menurun. Dengan kedua pihak mempersenjatai diri dengan data terbaru setelah pertemuan, termasuk CPI yang lebih lembut, klaim pengangguran yang stabil, dan aktivitas ritel yang menurun, Desember bisa berubah berdasarkan dua cetakan data berikutnya.

Untuk saat ini, pasar mengkalibrasi ulang ke skenario di mana likuiditas semakin ketat, ketidakpastian kebijakan meningkat, dan Bitcoin berada di zona yang rentan secara struktural sampai pembeli kembali mengambil inisiatif.

Jika The Fed memilih untuk menahan pada bulan Desember, pasar mungkin perlu bersiap menghadapi dataran tinggi yang lebih lama dari yang diharapkan dan lebih banyak volatilitas di masa depan.

Dalam 60 menit terakhir, lebih dari US$112 juta panjang telah terlikuidasi karena trader mengurangi risiko menjelang rapat FOMC.

Bitcoin turun di bawah level psikologis US$90.000, menghapus jutaan posisi panjang.

US$115 Juta Longs Hangus Di Tengah Ketegangan Notulen FOMC

Data dari Coinglass menunjukkan bahwa lebih dari US$112 juta dalam posisi panjang telah terlikuidasi dalam satu jam terakhir. Itu mengikuti pergerakan harga Bitcoin, yang turun di bawah level psikologis US$90.000 seiring dengan hitungan mundur menuju rapat FOMC Oktober yang berlanjut.

Selamat datang di US Crypto News Morning Briefing—rangkuman penting Anda tentang perkembangan terpenting dalam dunia kripto untuk hari ini.

Ambil kopi dan bersantai. Minggu ini, pergerakan Bitcoin membuat trader berbicara, analis kebingungan, dan bahkan beberapa suara familiar mengisyaratkan bahwa tidak semuanya seperti yang terlihat. Di tengah penurunan, pemulihan, dan peringatan yang samar, satu pertanyaan tetap ada: siapa—atau apa—yang sebenarnya mengendalikan di balik layar?

Berita Kripto Hari Ini: Di Balik Kekuatan Bitcoin—Sebuah Kelompok? Jim Cramer Berpikir Begitu

Jim Cramer kembali memicu gelombang spekulasi di Crypto Twitter dan meja perdagangan, setelah dia menyarankan bahwa ada kekuatan tak terlihat yang mungkin bekerja untuk menjaga Bitcoin tetap tinggi meskipun ada tekanan ekonomi makro yang meningkat.

“Seperti ada sebuah kelompok yang mencoba menjaga Bitcoin di atas US$90.000. Saya suka Bitcoin, tapi saya tidak suka derivatif yang diciptakan untuk memainkannya, memanfaatkan, atau menambangnya,” dia ujar.

Pernyataan itu muncul pada saat yang sensitif bagi pasar. Bitcoin turun di bawah US$90.000 sebelumnya dalam minggu ini sebelum pulih, memicu trader untuk membedah pilihan kata-kata Cramer.

Referensinya pada “kelompok,” meskipun retorik, sudah cukup untuk memicu teori yang berkisar dari ETF market makers yang mempertahankan level kunci hingga pembeli institusional yang mengakumulasi secara diam-diam saat likuiditas menipis.

Cramer menegaskan lagi beberapa jam kemudian dengan pesan tajam lainnya: “Bahkan setelah semua kehancuran ini, kita belum oversold!!!”

Bagi banyak trader, ini terdengar bukan sebagai peringatan, melainkan waktu Cramer yang klasik, yang historis terkenal karena menyelaraskan dengan titik balik pasar ke arah sebaliknya.

Ini langsung memicu narasi Inverse Cramer: ketika Cramer menjadi bearish atau banyak memberi peringatan, beberapa trader mencari titik terendah sebagai gantinya.

Namun, analis berpendapat bahwa perilaku pasar baru-baru ini lebih banyak terkait kekuatan ekonomi makro daripada meme.

Faktor Ekonomi Makro, Bukan Meme: Apa yang Sebenarnya Menggerakkan Volatilitas Terbaru Bitcoin

Menurut QCP, penurunan singkat Bitcoin di bawah ambang US$90.000 mencerminkan meningkatnya sensitivitas aset terhadap perubahan likuiditas dan ekspektasi suku bunga.

Pandangan suku bunga yang lebih mantap, serta arus keluar yang terus-menerus dari Bitcoin ETF, telah membebani sentimen selama beberapa minggu. Penetapan harga ulang yang cepat dalam ekspektasi Federal Reserve, dari asumsi pengurangan suku bunga Desember menjadi undian koin hanya semakin memperberat tekanan itu.

“Pasar telah menetapkan harga ulang ekspektasi The Fed secara tajam, mengurangi kemungkinan pengurangan suku bunga Desember dari ‘hampir pasti’ menjadi ‘seimbang,’” QCP terang, menekankan bagaimana penyesuaian makro seperti itu secara tidak proporsional memengaruhi aset sensitif durasi seperti Bitcoin.

Sementara itu, ekuitas tetap relatif tangguh berkat hasil pendapatan besar dari hyperscaler berbasis AI. Kekuatan Big Tech meninggalkan kripto tertinggal, memperkuat volatilitas saat likuiditas menipis.

Sekarang setelah pemerintah AS dibuka kembali dan rilis data ekonomi dilanjutkan, trader bersiap untuk minggu kritis.

Indikator pasar tenaga kerja dan Indeks Ekonomi Terkemuka dari Conference Board, diperbarui dengan metrik kekosongan baru, diharapkan akan membentuk ekspektasi pasar saat kita memasuki 2026.

Poin data ini akan membantu menentukan apakah The Fed memilih untuk berhati-hati pada inflasi atau mengakui tanda-tanda pendinginan.

Pengingat terbaru Ketua The Fed Jerome Powell bahwa pemotongan suku bunga Desember “tidak dijamin” telah memperkuat suasana hati-hati.

Bagi Bitcoin, pertanyaannya adalah apakah gejolak baru-baru ini mewakili pengaturan ulang posisi standar atau pembukaan dinamika risiko yang lebih luas.

Komentar “kelompok” Cramer mungkin telah mendominasi berita utama, namun penggerak sebenarnya mungkin tetap adalah gelombang makro, dan apakah itu berbalik melawan kripto atau perlahan-lahan kembali mendukungnya.

Chart of the Day

Byte-Sized Alpha

Berikut adalah ringkasan berita kripto AS lainnya yang perlu Anda ikuti hari ini:

• Guncangan yield Jepang mengancam pasar global — dan Bitcoin mungkin berikutnya.
• Andrew Tate menjadi “salah satu trader terburuk dalam kripto” setelah kehilangan lebih dari US$800.000.
• Dominasi Tether mencapai 6% di bulan November – Mengapa ini menjadi sinyal yang mengkhawatirkan.
• Harga LIBRA naik 30% saat penyidik mengungkapkan bom politik.
• Para analis mengungkapkan level support kunci untuk Bitcoin jika tekanan jual tidak mereda di bulan November.
• Ethereum turun mendekati US$3.000, namun ‘zona peluang’ on-chain menunjukkan rebound.
• Prediksi Harga Utama 3 Bitcoin, Gold, Silver: Bulls datang menjelang Minutes FOMC Oktober.
• Dari 2052 ke 2034: Kemajuan kuantum mempercepat hitungan mundur ke Hari-Q.

Aset Kripto Pre-Market Overview

Crypto exchange Kraken telah mengambil langkah nyata menuju go public dengan mengajukan pernyataan pendaftaran draf rahasia ke US Securities and Exchange Commission (SEC) sebelum rencana initial public offering (IPO).