Uneasy Stability: Crypto Daybook Americas

Market Sentiment - The crypto market is experiencing a sentiment reset, with Bitcoin (BTC) gaining 1.6% to trade above $93,000, while Ether (ETH) shows signs of a bear-trap [1] - Several altcoins, including SUI, PUMP, ENA, LINK, and AAVE, have posted double-digit gains in the past 24 hours, reflecting increased interest in the broader market [2] - The CoinDesk 20 (CD20) and CoinDesk 80 (CD80) indexes have advanced by 6%-7% during the same period, indicating a bullish mood [2] Federal Reserve Influence - There is uncertainty regarding leadership at the Federal Reserve, with prediction markets favoring Kevin Hassett as a potential new chairman, which could lead to a more dovish FOMC panel [2] - A 25 basis-point interest-rate cut is anticipated for next week, with investment banks predicting additional cuts for the following year [3] - Despite the expected rate cuts, Treasury yields and the dollar remain stable, contributing to a sense of unease in the market [3] Price Levels and Market Confidence - Market confidence is expected to increase once Bitcoin surpasses $100,000, as noted by FxPro's chief market analyst [3] - The $98K-100K range is significant, containing key levels such as the 50-day average and early November support, which could influence buyer sentiment [4] - A consolidation above this range may suggest that a crypto winter is not imminent [4] Traditional Markets - Gold is struggling despite a recent bullish breakout, which is often seen before price corrections, potentially leading to a rotation of funds into Bitcoin [4]