š #bitcoin is breaking out. $BTC has surged 4.35% and reclaimed $91,000, snapping its month-long downtrend as markets price in an 85% chance of a December Fed rate cut.
The macro tide has officially turned bullish.
š¦ Institutions Flip Dovish
⢠J.P. Morgan now expects a December cut after weeks of uncertainty
⢠Goldman Sachs echoes the shift
⢠Fed Governor Chris Waller says heāll vote for a cut
Weak labor data > inflation concerns and thatās fueling risk on momentum.
š ETF Inflows Return
The improving macro picture is already pulling capital back in:
⢠$21M #BTC ETF inflows on Nov 26
⢠BlackRockās IBIT: +$42.8M
This marks two straight green days after weeks of outflows .
š„ Bonus Catalyst
Speculation grows around former White House economist Kevin Hassettāa strong rate-cut advocateāpotentially becoming the next Fed Chair.
