The Mexican Peso (MXN) has continued its upward trajectory, buoyed by softer-than-expected inflation data and growing expectations of a rate cut by the Bank of Mexico (Banxico).
Inflation Eases in Mexico
Mexico’s headline inflation rate slowed to 4.55% in November, down from 4.76% in October. This decline, which was lower than market forecasts, signals a cooling of inflationary pressures in the country. Core inflation also softened, easing to 3.58% from 3.8% in the previous month.
The softer inflation data has increased speculation that Banxico may cut interest rates in its upcoming policy meeting on December 14th. This expectation, coupled with the potential for a rate cut by the US Federal Reserve, has further supported the MXN.
US Dollar Stumbles as Rate Cut Hopes Grow
The US Dollar Index (DXY) has struggled to gain momentum despite a strong November jobs report. While the US economy added 227,000 jobs, the unemployment rate unexpectedly ticked up to 4.2%. This has led to increased speculation that the Fed may cut rates in December to mitigate the risk of a recession.
Technical Outlook for USD/MXN
The USD/MXN pair remains in a downtrend, with a key support level at 20.00. A break below this level could trigger a deeper correction towards 19.75. On the upside, resistance levels are located at 20.25, 20.60, and 20.80.
The Mexican Peso has benefited from easing inflationary pressures and growing expectations of a rate cut by Banxico. The US Dollar, on the other hand, has struggled to gain traction as investors anticipate a potential rate cut by the Fed. As we move into the final weeks of the year, market participants will be closely watching economic data releases from both Mexico and the US for further clues on monetary policy directions.
Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to see what experts have to say about Bitcoin’s (BTC) price outlook. Key investment strategies are driving the next directional bias for the pioneer crypto.
Is a $90,000 Breakout Imminent for Bitcoin?
Crypto markets continue to reel from Trump-infused volatility, which weighs heavily on investor sentiment. Traders and investors are bracing for macroeconomic headwinds that continue to temper modest gains.
However, despite the concerns, analysts are still optimistic, citing key investment or trading strategies. BeInCrypto contacted Blockhead Research Network (BRN) analyst Valentin Fournier, who alluded to the Wyckoff price cycle.
“Our base case remains an accumulation phase, with occasional dips likely before Bitcoin can make a clean break above the $89,000–$90,000 resistance,” Fournier told BeInCrypto.
The Wyckoff Price Cycle, developed by Richard Wyckoff, is a technical analysis framework to identify market trends and trading opportunities. It consists of four phases:
Accumulation: Where smart money buys at low prices, often marked by a “spring” (a false breakdown).
Markup: A bullish phase with rising prices.
Distribution: Where smart money sells at highs, also featuring a “spring” (false breakout).
Markdown: A bearish phase with declining prices.
Fournier added that because Bitcoin dominance continues to rise, this suggests altcoins could continue underperforming in the short term.
He also noted that, in contrast to Bitcoin’s strength, trade tensions have affected traditional markets more.
“This is highlighted by Nvidia’s decline following new export restrictions on chips to China,” he said.
What Does Options Data Say?
If the accumulation phase thesis is true, it aligns with a recent analysis by Deribit’s Tony Stewart, highlighting trader sentiment favoring the upside.
The bullish cohort is buying $90,000 to $100,000 Calls, suggesting bets on a price rise for Bitcoin. However, others are bearish, buying $80,000 Puts and selling $100,000+ Calls, indicating they expect a decline or hedging.
Likewise, funding strategies reveal bullish traders are rolling up positions from $84,000 to $90,000 Calls and selling lower Puts ($75,000) to finance their bets. This indicates confidence in a near-term rally.
Traders analyze these repeating phases’ price action, volume, and market structure. Based on that, they can spot reversals and time entries or exits while understanding institutional behavior.
The creators of the TRUMP meme coin have moved over $52 million worth of tokens to centralized exchanges, sparking debate about the project’s motives and transparency.
The token, themed after US President Donald Trump, has gained massive attention since its launch, but now faces scrutiny over insider activity and market impact.
TRUMP Team Describes $52 Million Token Transfer as ‘Liquidity Operations’
On May 10, on-chain analytics platform Lookonchain revealed that the team behind TRUMP deposited 3.5 million tokens, valued at more than $52 million, across three major exchanges—Binance, OKX, and Bybit.
According to the firm, Binance received the largest share at 1.5 million tokens, estimated at $22 million. OKX followed with 1 million tokens worth $15 million, while Bybit received just over 500,000 tokens valued at $7.5 million.
However, the TRUMP token team claimed the transfer aimed to strengthen liquidity and maintain stable market access.
They explained that the tokens came from a pre-designated liquidity wallet created during the project’s launch. The team also assured users that all recently unlocked tokens had been relocked and would remain so for 90 days.
“Demand for $TRUMP has been tremendous. On May 10, 2025 at approximately 1:30 am UTC, 3.5 million $TRUMP will be moved onto exchanges to further support liquidity operations to help ensure continued availability of $TRUMP for both buyers and sellers. All of this liquidity is being provided from a liquidity wallet from the initial launch,” the team stated.
While the team maintains that the token transfers are part of routine liquidity management, recent findings suggest a different story.
A CNBC report, citing Chainalysis, revealed that the team behind TRUMP has earned over $320 million in trading fees.
Furthermore, there is a wide gap between investor outcomes. Of more than two million wallets holding TRUMP, roughly 760,000 are currently at a loss.
In sharp contrast, only 58 wallets have each made over $10 million, together netting about $1.1 billion in profits.
This stark imbalance suggests that a small group of insiders may have captured most of the value generated by the token.
According to BeInCrypto data, the token surged to $77 on its first trading day. However, it has since plummeted by 86%, trading near $14 at the time of writing.
Cardano (ADA) has been experiencing a period of fluctuating price action. Despite efforts to recover, ADA has faced challenges in maintaining its upward momentum.
While the altcoin has held onto an uptrend since the beginning of the month, it now faces a challenge. Traders may be pulled back from participating, potentially stalling any further price recovery.
Cardano Traders Are In Trouble
The sentiment around Cardano (ADA) is mixed. According to the Liquidation Map, short traders are at a disadvantage if ADA continues its uptrend. A breach of $0.77 would lead to the liquidation of approximately $20 million worth of short contracts.
This could result in upward pressure on the price as shorts are forced to close their positions.
However, without strong bullish momentum, this upside potential may not materialize, keeping traders cautious. While short traders could face substantial losses if ADA rises, this risk does not necessarily mean that the uptrend is sustainable.
Overall, Cardano’s market momentum reflects a sense of uncertainty. The number of active addresses on the network has recently dropped to a four-month low of 20,700. This decline in investor participation indicates a lack of enthusiasm among ADA holders. Many investors are seemingly pulling back, waiting for clearer signals of recovery before re-engaging with the token.
This lack of participation has had a negative impact on Cardano’s liquidity and transaction volume, further influencing its price dynamics. The decreasing number of active addresses also suggests that traders are hesitant to invest in ADA, which could slow down any potential price recovery.
Cardano is currently trading at $0.70, holding above the support level of $0.70, and the uptrend line has supported the price since early March. The immediate target for ADA is to breach the $0.77 resistance level, but this remains a challenge. Achieving this would require a rise of approximately 9%, which may be difficult under the current market conditions.
In the absence of a broader market rally, ADA is likely to remain consolidated under the $0.77 resistance. Should the altcoin fail to hold the $0.70 support, it could experience a decline, potentially falling to $0.62. This would invalidate the recent bullish outlook, further dampening investor confidence.
If ADA successfully breaches the $0.77 resistance, it could rise to $0.85, thereby invalidating the bearish thesis. Such a move would likely signal a more sustained recovery, as it would clear a significant hurdle for Cardano.
