Crypto Rally Stumbles, Bitcoin Slips Back to $92K, as Microsoft Lowers AI Sales Goals

XRP's price has seen a pullback this week, trading at $2.18, which reflects an 8.5% increase over the last 24 hours but a slight 0.8% decline on a weekly basis. Analyst Egrag Crypto's technical analysis indicates that despite the recent downturn, XRP remains above the key 21-EMA on the monthly chart, suggesting a potential long-term bullish trend towards $13.

Bitcoin has shown signs of stabilization as markets prepare for a significant shift in U.S. monetary policy, with the Federal Reserve expected to end its quantitative tightening (QT) program in December. This decision comes after a prolonged period of QT that has influenced liquidity for risk assets, including Bitcoin.

Strategy's Michael Saylor has publicly addressed the potential exclusion of MSTR from MSCI indexes, emphasizing the company's engagement with MSCI to retain its position despite recent adjustments in Bitcoin holdings, which now total 650,000 BTC. This comes as the company has lowered its 2025 targets, indicating a strategic recalibration.

Crypto analyst Tony Severino has identified a historical bearish pattern suggesting that Bitcoin's price could plummet to $42,000, following a recent surge above $90,000. This prediction is based on the behavior of Bitcoin during previous market cycles, indicating a potential retracement to subwave 3/4 of wave 3/4 of its impulse. Severino's analysis highlights a significant risk for Bitcoin investors as the market prepares for potential downturns in early next year.

The cryptocurrency market has experienced a significant rebound this week, with Bitcoin surging past $93,000 and Ethereum climbing back above $3,000. This dramatic recovery follows a period of volatility, highlighting the resilience of these major digital assets amidst market fluctuations.

Bitcoin is currently experiencing a tactical rebound, with its price hovering around $91,000 after a significant sell-off. Analysts are observing key resistance levels as bulls attempt to push back against bearish trends, raising questions about the sustainability of this upward movement.

The cryptocurrency market has experienced a significant rebound, with Bitcoin's price soaring above $92,000 and Ethereum reclaiming the $3,000 mark. This recovery follows a period of volatility and sharp selloffs earlier in the week, capturing the attention of investors and analysts alike.

Vanguard's recent decision to embrace spot Bitcoin ETFs marks a significant shift in its investment strategy, allowing broader access to Bitcoin for retirement and retail investors. This pivot comes as Bitcoin's price has shown resilience, recently rebounding to the $92K mark, indicating renewed interest in the cryptocurrency market.