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Bitcoin price today: slips below $94k as Fed cut hopes fade

Author

Ayushman Ojha

Published 11/16/2025, 07:36 PM

Bitcoin price today: slips below $94k as Fed cut hopes fade

© Reuters.

Bitcoin US Dollar

-0.32%

Ethereum US Dollar

-0.83%

ADA/USD

-2.17%

XRP US Dollar

0.17%

MATIC/USD

-4.12%

Dogecoin US Dollar

-1.59%

Solana US Dollar

-0.98%

HarryPotterObamaSonic10Inu (ERC-20) US Dollar

1.81%

MAGA (magamemecoin.com) US Dollar

0.00%

Investing.com-- Bitcoin fell to its lowest level in more than six months on Monday, dragged down by fading expectations of a Federal Reserve rate cut next month and heightened caution ahead of delayed U.S. economic data releases.

The world’s biggest cryptocurrency last traded 1.6% lower at $93,876.6 by 19:22 ET (00:22 GMT). It fell to as low as $93,043.9 earlier in this session, reaching its lowest since late April.

Bitcoin declined nearly 7% last week, marking its third straight weekly drop.

Bitcoin slips as Fed cut hopes wane

The decline comes as traders sharply scale back bets on a December policy easing. Rate futures now imply roughly a 40% chance of a cut at the Fed’s Dec. 10-11 meeting, down from about 90% earlier this month.

A growing number of Fed policymakers have signalled reluctance to move further, citing uneven inflation trends and a still-resilient labour market. Boston Fed President Susan Collins said last week she would be “hesitant to ease policy further” without clear evidence of deterioration.

Crypto markets, which had rallied earlier this year on aggressive Fed easing bets, are now losing momentum.

Bitcoin spot ETFs have also seen accelerating outflows as investors unwind positions tied to looser monetary conditions.

Sentiment has been further dented by the recent data blackout caused by the U.S. government shutdown, which left investors without key macro indicators for weeks.

The shutdown delayed releases from the Bureau of Labor Statistics, including the September non-farm payrolls report, now due on Thursday.