Bitcoin 
$110,521.68 price At the time of writing, it fell below $110,000, which is worrisome for deeper bottoms. Since ETF data was negative, the expected rise did not occur. The fluctuation that disturbed cryptocurrency investors is now accompanied by US Treasury Secretary Bessent’s statements that “I expect a strong recovery in employment.”
Bitcoin Drop
Treasury Secretary Bessent says he expects a rapid recovery on the employment front. This situation will pose a risk for the continuation of interest rate cuts. The Fed emphasized yesterday that it will follow a measured policy and confirmed that the steady reduction process has not started. For the next meeting 40 days later Powell He made statements such as “don’t be sure about the discount”.
Treasury Minister Bessent is making a statement as the article is being prepared and the important highlights of his speech are as follows;
“Trump and Chinese President Xi had the opportunity to discuss general issues. trumpagreed to halve fentanyl tariffs on China. The US will suspend entity listing restrictions for US technology exports for one year. US Article 301 measures against China have also been suspended.
Japan will start weaning off Russian LNG. The China agreement signatures will probably be signed next week. China has agreed to buy 12 million metric tons of US soybeans this year. The government shutdown in the United States has begun to negatively affect the American economy.
until christmas Fed presidential candidate I think it will be determined. I appreciate the Fed’s 25 basis point rate cut, but I don’t like the language. I am very optimistic about growth and inflation levels in 2026.
“Employment growth will rebound very strongly.”
Chinese problem has disappeared and if we do not see a rapid increase in inflation, the current environment of cryptocurrencies Not bad for his rise. The ongoing negativity is not expected to last long. In particular, the signing of a 1-year agreement with China will relieve risk markets.
