“Softer than expected private inflation data sparked some hope that the Friday decline could reverse.”, — write: www.coindesk.com
The move reverses much of the bounce from last Sunday night’s panicky drop that pushed bitcoin all the way back to $84,000.
Ethereum’s ether ETH$3,040.93 is 2% lower in concert with BTC, while other leading altcoins such as Solana SOL$133.24, ADA$0.4143, DOGE$0.1398 and HYPE$30.85 are down more than 4% each.
Crypto-related equities as a result are sharply lower across the board, with Strategy (MSTR), Galaxy Digital (GLXY), CleanSpark (CLSK), and American Bitcoin (ABTC) among those sporting declines of 4%-7%.
According to Velo data, the most bearish time of day over the past six months has been the hour before the US market opens and the first hour of US trading.
Friday has also been the most consistently bearish day of the week across the same time period.
6m Average Return by hour (Velo)
Anecdotal inflation data sparks hopeUniversity of Michigan Consumer Sentiment numbers released at 10 am ET might lighten the bearish mood for the remainder of the day.
Although very much anecdotal and tended to be swayed by which political party respondents favor, the December 1-Year Consumer Inflation Expectation fell to 4.1% from 4.5% previously and 4.5% expected. The 5-Year Consumer Inflation Expectation fell to 3.2% from 3.4% previously and 3.4% expected.
With the dearth of official economic data of late, these private surveys have taken on a new level of significance and bitcoin did manage a modest bump back to the $91,000 area in the minutes following the report.
With the Fed more or less a 100% bet to trim interest rates at its final meeting of the year next week, traders are now focused on early next year. To the extent that inflation eases, it could give room for further rate cuts in the first quarter of 2026, potentially bullish action for risk markets, crypto among them.
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
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The turn in crowd mood comes after a two-month slide of roughly 31%, leaving the token vulnerable to further downside if risk appetite weakens across majors.
- XRP’s price approached the $2 mark as social sentiment around the token turned sharply negative, according to Sentiment data.
- The token has experienced a 31% decline over two months, making it vulnerable to further losses if market risk appetite weakens.
- Santiment’s sentiment model indicates XRP is in a ‘fear zone,’ where negative commentary significantly outweighs positive talk, potentially influencing market positioning.
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