Bitcoin rebounded from one-week lows on Monday, as expectations of a more accommodative monetary policy stance helped stabilize sentiment.
Attention now turns to Tuesday’s release of US nonfarm payrolls for October and November, which could set the tone for the weeks ahead.
A weaker print could strengthen expectations for multiple rate cuts in 2026, benefiting risk assets such as cryptocurrencies. Additionally, November inflation data will also be closely watched, with stable or easing price pressures likely to boost Bitcoin prices.
However, ETF flows continued to tilt between inflows and outflows from one day to another, showing a potentially fragile sentiment among some investors, which could leave bitcoin without strong support. Meanwhile, Strategy chair Michael Saylor hinted at a potential Bitcoin purchase. A large purchase could support sentiment around the cryptocurrency.
Beyond macro drivers, other developments could underpin the longer-term outlook. HashKey Holdings, Hong Kong’s largest licensed crypto exchange, is set to raise around USD 206 million through its IPO. In Europe, the UK announced plans to bring crypto assets fully under the Financial Conduct Authority’s oversight from 2027, bringing a more comprehensive regulatory framework.
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