Bitcoin (COIN:BTCUSD) managed a slight rebound on Monday, attempting to stabilize after a punishing week dominated by accelerating outflows from U.S. spot ETFs and renewed uncertainty ahead of the Federal Reserve’s December policy meeting.
As of 01:25 ET (06:25 GMT), Bitcoin was up 1.4% at $87,050.5, still trading far below the levels seen earlier this month. The token slid more than 10% last week, briefly touching seven-month lows near $80,000.
ETF Outflows Deepen, Trading Activity Surges
The cryptocurrency dipped to $88,610.4 in the past 24 hours before recovering back above $90,000. The move came as spot Bitcoin ETFs logged a fourth straight week of net redemptions.
Data from SoSoValue showed $1.22 billion exiting U.S.-listed Bitcoin ETFs in the week ending Nov. 21, taking the four-week total to around $4.34 billion.
Despite the heavy withdrawals, trading activity exploded—U.S. spot Bitcoin ETFs saw over $40 billion in volume last week, which some analysts are describing as a sign of deepening institutional capitulation.
Fed Rate-Cut Odds Rise, But Policy Signals Mixed
Macro uncertainty continues to weigh on crypto markets. Traders now estimate the odds of a December rate cut at roughly 70%, sharply higher than the 44% probability seen just a week earlier.
Still, Fed officials have remained cautious, stressing that inflation is proving sticky and the labor market remains relatively firm—factors that could delay or limit further easing.
The recent federal shutdown has added to the confusion, having postponed key economic data and left market participants operating with less visibility than usual. This week’s upcoming retail-sales and producer-price reports are expected to be pivotal for Fed positioning and broader risk sentiment.
Altcoins Move Higher After Difficult Week
Most major altcoins posted mild gains on Monday but remained trapped in narrow ranges.
- Ethereum gained 1.2% to $2,842.88
- XRP rose 1.7% to $2.07
- Solana advanced 1.8%
- Cardano added 0.8%
- Polygon slipped 0.6%
Among meme tokens, Dogecoin rose more than 2%, outperforming broader market peers.