Bitcoin rose above US$87,000, nearly 120,000 people liquidated their positions, and the probability of the Federal Reserve cutting interest rates soared to 70%

Nakamoto 2025-11-24 06:23 87322人围观 BTC

Over the weekend, Bitcoin made a big counterattack. As of around 22:00 on the 23rd, Beijing time, Bitcoin had risen above $87,000, an increase of 3.46%, and many cryptocurrency products followed suit. It is worth noting that just this Friday, Bitcoin once

Over the weekend, Bitcoin made a big comeback.

As of around 22:00 on the 23rd, Beijing time, Bitcoin had risen above $87,000, an increase of 3.46%, and many cryptocurrency products followed suit. It is worth noting that just this Friday, Bitcoin once fell below the $81,000 mark.

According to CoinGlass data, nearly 120,000 people liquidated their cryptocurrency positions in the past 24 hours.

In recent days, Bitcoin's volatility has intensified, but the overall trend has been a sharp decline. Due to the excessive recent decline, Bitcoin may rebound in the short term. Since the beginning of this year, Bitcoin once rose to more than 126,000 US dollars, and the current price is around 87,000 US dollars, a huge correction.

On the news, according to CCTV Finance, on Friday local time, New York Fed President Williams, known as the third-ranking figure in the Federal Reserve, said that the threat posed by the current weak labor market to the economy has exceeded inflationary pressure. He believes that the Federal Reserve still has room to further cut interest rates.

According to the Securities Times, according to the CME Group's Fed Watch tool, after Williams' speech on Friday, traders in the interest rate futures market surged to about 70% in their probability of a rate cut by the Federal Reserve in December, almost double from less than 40% a day ago. In addition, the probability that the Federal Reserve will cut interest rates by 25 basis points cumulatively by January next year is 58%, the probability of keeping interest rates unchanged is 20%, and the probability of cumulative interest rate cuts by 50 basis points is 22%.

According to Beijing Business Daily, regarding the subsequent trend of cryptocurrency, the industry believes that the volatility of crypto assets is far higher than that of traditional assets. In the short term, attention should be paid to the effectiveness of the support level of US$80,000. Investors need to rationally assess risks and make cautious arrangements.

Source: 21st Century Business Herald

[News Wide Angle] First Instance: Lin Mingtan

[News Wide Angle] Second Instance: Wang Guiyu

[News Wide Angle] Third trial: Ouyang Ke and Chen Xiongbiao