Bitcoin 
$86,950.13 Recovery started in altcoins and above $86 thousand. After the nightmare we experienced last week, it is quite good that cryptocurrencies have at least ended the decline. If ETF inflows are satisfactory today, cryptocurrency investors can breathe easily. Deutsche Bank discussed the recent decline and listed 5 reasons. On the other hand, 2022 crypto oracle Capo shared his new predictions.
Reasons for the Decline of Cryptocurrencies
Bitcoin, which has shown the worst performance of recent times, broke historical records in many metrics. The panic, the speed of sales, and the liquidations were not something we see often. Deutsche Bank analysts explain 5 reasons for the decline very simply and clearly. There are many things in the background that trigger each reason, but the general reasons are as follows;
- Risk avoidance. Bitcoinacts more like a high-growth tech stock (strongly correlated with the Nasdaq-100) than a standalone “store of value.”
- Hawkish signals from the Fed. In the October statement Powellstated that a rate cut in December was not guaranteed (but NY Fed’s John Williams later softened that tone). The reason for Friday’s rise was Williams.
- Regulations will be delayed. Progress on the Digital Asset Market Clarity Act has slowed in the Senate. If the process does not progress quickly at the beginning of 2026, it will not become law before the midterm elections. It already looks like Trump will lose the midterm elections, thus losing his majority in the Senate and the House of Representatives, making crypto laws something that has been anticipated for years.
- The fourth reason is strong corporate exits. The outflow in the last 4 weeks was almost 5 billion dollars.
- Long-term owners’ profit realization.
Capo’s Crypto Predictions
There are many more reasons beyond the five reasons above but what no one can deny is of BTC The fact is that he is going through one of his worst months. No one imagined a November like this. Bitcoin, which has experienced its worst November month since 2022, must now be back from the bottom. The possibility of peace between Russia and Ukraine is increasing again, and this means a decline in oil. As a matter of fact, today JPM gave a target of 30 dollars in oil for 2027. This would be a big deal for inflation.
In his evaluation yesterday, Capo shared the chart below and wrote that we could see a return close to 105 thousand dollars. This is a very ambitious prediction because it expects a subsequent decline extending to the main support level at $53,000.
Meanwhile Amazonwill invest up to $50 billion to expand AI and supercomputing infrastructure (AWS Top Secret, AWS Secret and AWS GovCloud) for US government agencies. Nvidia is also allowed to sell chips to China. Looks like we’re going to hear some good things these days.
