The crypto roundup for Tuesday portrays mixed sentiment on the trading floor, despite growing concerns about the U.S. Federal Reserve’s (Fed) rate cut in 2026 and optimism surrounding the Ukraine-Russia peace deal. The reason could be linked to a slew of U.S. statistics, which portrayed a downbeat performance for October and November.
Amid these plays, Bitcoin (BTC) rebounds from a two-week low, snapping a four-day losing streak, while posting mild gains near $87,000, mainly due to a fresh 10-week low of the U.S. Dollar Index (DXY), close to 97.95 by press time. The mixed sentiment, however, allowed the gold price to reverse the early-day losses and gain 0.50% on the day, to $4,330, as we wrote.
A slew of U.S. data, like employment activity and spending, came in but couldn’t revive the U.S. dollar. The weaker U.S. dollar allowed cryptocurrencies to pare intraday losses and witness modest gains after the data releases.
U.S. ADP Employment Change 4-Week Average rose to 16.25K from 4.75K.
Average hourly earnings for October improved month-over-month (MoM) to 0.4% from 0.2%, but eased on a year-over-year (YoY) basis to 3.7% from 3.8%. However, the November figures eased to 0.1% MoM and to 3.5% YoY.
Nonfarm Payrolls (NFP) for October slumped from 108K to -105K, while improving to 64K in November, compared to 50K expected.
The unemployment rate for November hit its highest level since November 2021 by rising to 4.6% versus 4.5% expected and 4.4% prior.
Meanwhile, the retail sales growth for October stalled at 0.0% MoM compared to 0.1% market forecasts and prior (revised), while the YoY growth eased to 3.5% from 4.2%.
Furthermore, the preliminary readings of the U.S. S&P Global Manufacturing PMI eased to 51.8 compared to the market forecasts of 52.0 and 52.2 prior, while the S&P Global Services PMI slid to 52.9 versus 54.1 expected and prior. With this, the S&P Global Composite PMI came in at 53.0, from 54.2 prior.
Following the mostly downbeat U.S. data, White House Economic Advisor Kevin Hassett, the frontrunner for the next Federal Reserve (Fed) Chairman position, said that there is plenty of room to cut rates.
His comments exerted additional downside pressure on the U.S. dollar, dragging the U.S. Dollar Index (DXY) to a 10-week low.
U.S. Treasury Secretary Scott Bessent crossed wires while speaking on the Fox Business interview. He raised the possibility of witnessing Fed Chair selection news in early January, together with the U.S. Supreme Court ruling on the Trump tariffs. The U.S. diplomat also said, “U.S.-China relations remain positive.”
Late Monday, U.S. President Donald Trump raised optimism surrounding the Ukraine-Russia peace deal by suggesting the closest proximity to the ceasefire talks. Trump also said that he has positive discussions with European leaders, Ukrainian President Volodymyr Zelenskyy, and Russian President Vladimir Putin.
Crypto, Equity Update
Major cryptocurrency coins recovered after the U.S. data, reversing the early-day loss, as traders cheered the softer U.S. data.
Bitcoin (BTC), Binance Coin (BNB), and Ripple (XRP) rise over 1.0% each, but Ethereum (ETH) and Cardano (ADA) are still down nearly half a percent by the press time.
Notably, Pippin (PIPPIN) marked a 13% jump in the last 24 hours to gain the buyer’s attention, whereas Merlin Chain (MERL) dropped 17.0% to attract the sellers.
On a broader front, crypto market capitalization (market cap) dropped over 3.0% during the day to $2.95 trillion, while Bitcoin dominance rose to 58.8% from 58.5% during the last 24 hours, according to CoinMarketCap data.
That said, some of the top crypto news are as follows, while more updates like this could be traced to our Coin Bytes.
JJapan’s SBI Holdings collaborated with blockchain firm Startale Group, co-developer of the Soneium blockchain, to develop a regulated yen-denominated stablecoin for use in Japan and overseas.
Read Details: Japanese Giant SBI Taps Startale to Build Regulated Yen-backed Stablecoin
Abu Dhabi Projects and Infrastructure Centre (ADPIC) signed two new cooperation agreements with China during the Abu Dhabi Infrastructure Summit (ADIS) International Roadshow in Shanghai. The agreements were concluded with “Q Home” and “3Enovator Technology,” two Chinese firms specializing in next-generation construction and smart-city innovation.
Also Read: Abu Dhabi Taps Q Home and 3Enovator to Bring AI-Powered Smart Cities to Life
The United States Financial Stability Oversight Council (FSOC) stated in its 2025 annual report that it has softened its stance on crypto assets and stablecoins, no longer viewing them as an imminent systemic danger.
On the first day of its trading on the New York Stock Exchange (NYSE), Twenty One Capital’s shares dropped more than 20% amid traders’ alleged reluctance to pay more for the stock than the value of its underlying Bitcoin holdings.
Talking about equities, Wall Street began Tuesday’s trading on a mixed note, with the Dow Jones and S&P 500 posting mild losses, but the Nasdaq Composite flashing modest gains.
On Monday, the U.S. equities began the trading day on a mixed note but ended with modest losses. Major U.S. indices closed lower, with the NASDAQ down for a third straight session. Broadcom shares fell more than 5% despite beating earnings and revenue expectations and issuing strong guidance, as investors focused on slightly weaker margins.
- Gold posts a six-day uptrend, posting mild gains of around $4,330 by press time.
- Bitcoin (BTC) snaps four-day losing streak, flashing modest upside near $87,000 at the latest.
- Ethereum (ETH) remains pressured, down for the third consecutive day to $2,930 despite BTC’s rebound.
- U.S. Dollar Index (DXY) hit a 10-week low, down for the second straight day to 97.90 at the latest.
- U.S. equity benchmarks trade mixed, as Dow Jones and S&P 500 both remain mildly offered, but the Nasdaq is modestly up intraday, by press time.
- WTI Crude Oil hit a multi-month low, falling over 2.0% to $55.30, the lowest level since early April.
Further U.S. Dollar Weakness Ahead
Given the downbeat U.S. data and dovish statements from the key personalities, the buzz around the Fed’s rate cuts in 2026 could exert downside pressure on the U.S. dollar. A weaker dollar can help the Bitcoin price remain firmer and might allow Wall Street benchmarks to pare early-day losses. However, a strong risk-on mood is less likely as long as the uncertainty surrounding the Fed and the Ukraine-Russia peace deal prevails.
Also read: Crypto Weekly Price Prediction: BTC, XRP Stall, ETH Edges Up,Key U.S. Data Eyed!
