Bitcoin and Ethereum remain stable heading into Thanksgiving. XRP drops 3.1% after previous gains. Other altcoins also see slight fluctuations. Crypto markets will stay open during the holiday, potentially leading to increased volatility due to lower liquidity. Market outlook turned bullish after increased odds of a December rate cut.

Investors anticipate a quarter-point rate cut on December 10, potentially bringing the target rate down to 3.50%-3.75%. Recent Federal Reserve policy changes have shifted sentiment to risk-on. Prediction market expects Bitcoin to hit $100,000 before $69,000. Market outlook remains positive but not guaranteed.

$2 billion in long call condors traded by institutional investors. Analysts predict a range-bound Bitcoin between $100,000 and $118,000. Traders likely to use long call condor strategy in options market. Negative skew and high volatility indicate persistent bearish bets amid uncertainty.

Read more at Yahoo Finance: Bitcoin and Ethereum Stall as Traders Brace for Holiday Volatility