Crypto Markets Track Powell’s Tone As Rate-Cut Expectations Reach High Levels

Bitcoin records a clear downward trend as traders await Powell’s December 1 policy signals.

The end of QT on the same day raises attention on potential shifts toward future QE.

Global easing plans from major economies shape expectations ahead of the upcoming FOMC meeting.

Jerome Powell’s December 1 speech enters focus as markets weigh upcoming policy shifts and track crypto reaction. Traders expect fast responses as new signals could change short-term momentum and guide pricing across Bitcoin and altcoins.

Bitcoin Outlook Before Powell’s Speech

According to a post on X by Crypto Rover, markets track Powell’s approach as the December 1 address arrives before the next FOMC meeting. Traders point to current pricing that shows an almost 87% chance of a rate cut. Observers watch for direct language that may change those expectations within minutes. They also assess how his tone may influence short-term Bitcoin moves.

Powell delivered a firm message during his last appearance and cooled Bitcoin’s earlier pace. Traders now wait to see whether he highlights slowing labour trends. Some desks say a softer stance could raise the chance of a December cut. Others say a tighter tone could pressure recent gains Tracking the current market trend of Bitcoin, CoinMarketCap data reveals that Bitcoin trades lower as the chart shows a sharp drop from stable levels into a deep red decline

Source: CoinMarketCap

The price moves downward and reaches $85,805.40 while the 24-hour change shows a 5.44% loss. The market cap moves to $1.71 trillion and records a similar percentage decrease. Trading volume rises 52.95% to $57.45 billion as activity increases during the downturn. The trend displays steady movement before the chart turns downward and accelerates into a continuous slide. The decline holds through the final section of the chart as sellers control the flow. The data presents a clear downward trend within the period shown.

Altcoin Positioning as QT Ends

The Federal Reserve plans to end QT on December 1 after running it for more than three years. The last QT end in 2019 saw Alt/BTC trends hold strong for months. Altcoin traders reference that period because the later 2020 shock did not fully erase relative strength. They also note that QE’s return pushed alts into a clear uptrend.

Market desks review today’s structure because QT ends on the same day Powell speaks. They also say observers track any clue on when QE may restart. Reports show that Japan, China, and Canada already prepare for easier policy paths. Markets watch for any line from Powell that aligns with those moves. Alt/BTC pairs trade in tight ranges while traders look for confirmation through macro statements. Some desks say this setup may shift quickly once Powell begins speaking.

Global Policy Context and Market Expectations

Traders say crypto reacts fast when global liquidity expectations shift. They also track how Powell frames the next phase of policy. Some analysts say he may comment on inflation management through tariffs and other tools. They also track unemployment data that continues moving toward a pressure zone.

A message centered on cooling labour conditions could support expectations for more cuts through 2026. A message centered on rising inflation could halt that view. Markets connect every new line of guidance to December meeting probabilities. Trading desks say this link remains clear across futures and crypto order books. Crypto markets hold a balanced posture as both outcomes remain possible. Pricing now adjusts as December 1 approaches and liquidity models update.