According to Blockworks, crypto markets ended the week in the red as BTC fell below $95,000 amid doubts over a potential December rate cut. Risk assets sold off, with BTC down -1.87% and US equities also declining. Fed members are pushing back against a December cut due to the government shutdown delaying key data. Bitcoin ETFs saw $870 million in outflows, marking one of the worst days ever. Grayscale filed for an IPO, revealing a 20% year-over-year revenue decline. Every crypto index tracked was negative, except for RWA (+1.2%).
Crypto Markets Tumble Amid Doubts Over December Rate Cut
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