CMC News

$BTC Rebounds Above $91K Ahead of Fed Decision and Jobs Report

$BTC rose to approximately $91,950 on Sunday, extending its recovery from December's $85,000 low as traders prepare for the Federal Reserve's final rate decision and key employment data.

The world's largest cryptocurrency gained 1.8% on the day and has recovered 5.3% for the month after hitting early December lows. $BTC has traded in a narrow range following the $19 billion leverage wipeout in early October.

Michael Wu, CEO of Amber Group, explained that shifting rate expectations ripple through crypto funding markets in Asia much faster than traditional asset classes. Funding spreads and borrow costs move in lockstep with global rate guidance, driving treasury strategy re-evaluations across the industry.

Services inflation has cooled from last year's peaks but remains firmer than goods prices, with shelter costs still running above the Fed's target. That uneven progress has complicated the central bank's disinflation plan and kept traders uncertain about the pace and extent of future rate cuts.

Gold and silver have soared while #Bitcoin lingers, with the digital asset remaining more sensitive to macro shocks than U.S. equities. Ryan McMillin, chief investment officer at Merkle Tree Capital, noted that low liquidity remains an issue for the market since October's event wiped out order books.