News Digest from Revenuebot 💰

BTC is trading at $91,422

ETH is trading at $3,033

🔹BTC Dominance — 58.50%

🔹Market Capitalization — $3.11 trillion

🌀 Fear and Greed Index - 18

Interesting points:

✔️ Today started with a breakout of the BTC level at $91 thousand.

This is a direct reaction of the market to the increased likelihood of a rate cut by the Fed in December and the return of capital inflows into ETFs.

✔️ JP Morgan expects the Fed to cut interest rates by 25 basis points in December.

✔️ According to CryptoQuant, in

this cycle, there has been the largest drop in open interest in Bitcoin from $45 billion to $28 billion over several days, indicating a reduction in leverage, not a bear market.