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Bitcoin Update: Crypto Market Plunges Amid Fed Policy Ambiguity and Data Void

Bitcoin Update: Crypto Market Plunges Amid Fed Policy Ambiguity and Data Void

Bitget-RWA2025/11/21 06:56
By:Bitget-RWA

- Bitcoin fell below $86,000 in late November 2025 as delayed U.S. jobs data and Fed policy uncertainty triggered a crypto sell-off. - BLS delayed October employment figures and November report, reducing December rate cut odds to 33% and eroding market clarity. - Fed internal divisions and a "data black hole" intensified volatility, with Ethereum and major cryptos losing 5-12% in 24 hours. - Fiscal acceleration and Trump tax-cut bill added complexity, while crypto liquidations hit $443M and stablecoin issu

Bitcoin tumbled below $86,000 at the end of November 2025 as

and changing expectations around Federal Reserve policy led to a steep downturn in cryptocurrency markets. The Bureau of Labor Statistics (BLS) revealed it would postpone the release of October job numbers and hold off on the November report until after the Fed’s December meeting, for monetary decision-makers. Market participants to just 33%, down from near certainty a few weeks prior, causing turbulence across risk assets. , which had in early October, dropped to $89,000 by late November, while and other leading digital currencies saw declines of 5-12% within a day.

Uncertainty around the Fed’s rate decisions has been

, as officials such as Governor Christopher Waller cautiously support rate cuts, while Vice Chair Philip Jefferson advises caution. This lack of clarity has resulted in a “data vacuum” for investors, a patchy economic outlook. “ ,” commented Edul Patel, CEO of Mudrex, pointing out that the missing October jobs report and a possible large-scale Bitcoin sale of 11,000 BTC added to the downward momentum.

Bitcoin Update: Crypto Market Plunges Amid Fed Policy Ambiguity and Data Void image 0

The downturn spread beyond digital assets, with U.S. stock markets and technology shares also suffering.

as anticipation over Nvidia’s earnings added to market anxiety. At the same time, totaled $443 million in a single session, with $10 million in losses centered on Bybit’s BTCUSD contract. Stablecoin provider Circle (CRCL) experienced a 10% drop in its share price on Wednesday alone, wiping out almost half its market value since late October.

Uncertainty over policy is also being

. A $54 billion boost from government spending following the shutdown is anticipated in November, temporarily increasing liquidity but unlikely to counteract the broader effects of monetary tightening. Meanwhile, the Trump administration’s tax reduction plan, in early 2026, is facing challenges as rising interest rates limit its effectiveness.

Investors are now preparing for

and manufacturing PMI data, which may offer more insight into the Fed’s direction. Yet, with the central bank’s stance and crypto markets extremely reactive to interest rate signals, .

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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