Fed

Representative Stephen Lynch pressed Fed governor Michelle Bowman about remarks she made on digital assets at a November conference in Madrid, sparking a heated exchange as lawmakers debated oversight. The hearing highlighted growing congressional frustration over regulatory gaps for stablecoins.

Ethereum dipped below $2,700 after a stronger-than-expected US jobs report knocked back hopes for an interest-rate cut; the wider crypto market fell roughly 10% in 24 hours and about 15% over the week.

Zcash's Q4 rally is faltering as an inverse cup-and-handle pattern and Fed-driven risk aversion put ZEC at risk of a roughly 50% drop toward $267; $440 is the critical level traders are watching.

Bitcoin slid below $100,000 after market optimism for Fed rate cuts diminished, pushing key support levels between $94K and $88K back into focus. Traders are now watching macro data and Fed commentary for clues on the next move.

Bitcoin slipped under $100,000 in Asian trade after hawkish remarks from Fed officials trimmed bets on a near-term US rate cut, weighing on stocks and Wall Street futures. The move signals renewed sensitivity of risk assets to inflation and policy signals.

Traders are eyeing the Fed's December decision as a potential catalyst for XRP to surge past $3 or slump back toward October lows. The outcome will likely hinge on guidance for rates, inflation, and liquidity that shape risk appetite across crypto.

The U.S. shutdown has wrapped up, but the loss of October inflation data leaves markets without a crucial read on price pressures as year-end approaches, increasing uncertainty for Bitcoin. Traders will likely rely more on market signals and Fed communications in the near term.