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Bitcoin Latest Update: Fed's Mixed Signals Drive Bitcoin Past $84,000

Bitcoin Latest Update: Fed's Mixed Signals Drive Bitcoin Past $84,000

Bitget-RWA2025/11/26 07:58
By:Bitget-RWA

- Bitcoin surged above $84,000 on Nov. 21, 2025, driven by New York Fed President John Williams' hints at a potential December rate cut, pushing market odds of easing above 70%. - The rebound followed weeks of 30% declines from record highs amid hawkish policies, contrasting with Cleveland Fed President Beth Hammack's downplayed labor risks. - Analysts highlight critical support at $74,500–$83,800 for Bitcoin's recovery, with a successful defense potentially triggering a rebound toward $94,000–$100,000. -

On November 21, 2025, Bitcoin surged back above $84,000

about a possible interest rate reduction at the central bank’s December meeting, causing traders to price in over a 70% chance of such a move. This rally followed several weeks of steep losses, which began in October when the Fed adopted a more hawkish tone, sending bitcoin tumbling over 30% from its all-time highs. Williams’ comments—standing in contrast to other Fed officials like Cleveland’s Beth Hammack, who minimized labor market concerns—sparked a wave of buying, in just a few hours.

This reaction highlights the increasing sensitivity of crypto prices to Federal Reserve decisions. Investors are now anticipating a shift toward looser monetary policy, especially after Williams remarked that “there’s still scope for further adjustment” in the federal-funds rate, hinting at a move to support inflation’s return to 2% without sacrificing employment targets

. This more dovish approach stands in contrast to the earlier hawkish messaging, which had intensified selling pressure amid worries about leverage and ETF outflows. Experts point out that bitcoin’s rebound depends on whether central banks confirm a broader easing trend, with technical signals identifying a crucial support band between $74,500 and $83,800. could pave the way for a move toward $94,000–$100,000, while a drop below $80,000 might open the door to further declines toward $70,000–$72,000.

Bitcoin Latest Update: Fed's Mixed Signals Drive Bitcoin Past $84,000 image 0

H. Michael Schwartz, who leads SmartStop Self Storage REIT as CEO,

, reflecting his positive outlook on the REIT’s prospects. Although this purchase did not directly impact bitcoin’s price, it signaled a broader sense of optimism among insiders in the stock market. Schwartz’s indirect holdings through various trusts and entities illustrate the challenges in evaluating insider interests, but the acquisition is consistent with the company’s recent strategic initiatives, such as buying Argus Professional Storage Management.

In the near term, bitcoin’s direction will largely depend on liquidity conditions and signals from central banks. Despite the recent upswing, ongoing volatility and ETF withdrawals point to a tentative recovery. Investors are watching closely to see if the Fed’s December meeting will mark a clear policy shift, potentially sparking a wider rally in risk assets. For now, bitcoin’s ability to maintain key support levels will be crucial in determining its next move.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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