Bitcoin dropped below $90,000, deepening a month-long slide that has erased the cryptocurrency’s gains for 2025 and rocked sentiment across the digital-asset world. The largest token fell as much as 2.8% on Tuesday, extending its decline from a record of more than $126,000 set in early October. Bitcoin last traded below $90,000 — eventually tumbling to as low as $74,400 in April — after President Donald Trump upended financial markets worldwide with his initial plan for trade tariffs. It recovered some lo ...

Core Insights - The Federal Reserve is expected to implement a second consecutive 25 basis point "risk management" cut in response to a softer US jobs market and a slight easing in September core CPI [1] - Market focus will be on the press conference for signals regarding future rate cuts, with a further 25 basis point cut by December being a possibility, though not guaranteed [2] - The Federal Reserve is experiencing internal divisions due to political pressure and differing views on the inflation target, complicating the decision-making process [3] Economic Context - The US economy is showing resilience, raising questions about the duration of the softer labor market data, while the ongoing government shutdown complicates the availability of official data [5] - Increased US trade tariffs and broader price pressures highlight the need for caution, as political interference could undermine the Fed's independence and credibility [4] - Current inflation remains above the official target of 2%, with some estimates suggesting it may average around 3% in the near future [3][6]

US stocks trod water before the bell on Thursday as Wall Street waited for fresh jobless data to help calculate interest-rate odds amid uncertainty about Federal Reserve unity on policy. Futures on the Dow Jones Industrial Average (YM=F) wobbled along the flatline, and those tied to the S&P 500 (ES=F) lost 0.2%. Meanwhile, contracts on the tech-heavy Nasdaq 100 (NQ=F) nudged down 0.3%, after the major gauges closed lower for a second day. Markets are putting the brakes on stocks' recent record-breaking ...