Bitcoin and major cryptocurrencies showed renewed strength as markets priced in a Federal Reserve rate cut and Asian equities nudged higher at the start of the week. Bitcoin hovered just above $91,300, supported by a broader risk-on tone as traders awaited a flurry of central-bank decisions, including the Fed’s meeting where a 25-basis-point cut is widely anticipated.
In early trading, MSCI’s Asia-Pacific equity index edged up about 0.2%, driven by technology shares, while U.S. stock futures and the dollar softened modestly.
Crypto markets generally followed this constructive mood. Bitcoin gained roughly 2% in the previous 24 hours and is up more than 6% over the past week, continuing last week’s rebound but meeting initial resistance near the $94,000 zone.
FxPro analyst Alex Kuptsikevich noted that the latest bounce appears to be part of a broader corrective pattern. If momentum persists, he suggested the price could push toward the $98,000–$100,000 range.
Ether rose about 3% to around $3,135, outperforming most other major coins on the day and posting a 10.6% gain over the last week. BNB rose by about 1%, Solana gained roughly 1.6%, Lido’s stETH advanced nearly 3%, and XRP traded near $2.08 after a 1.2% uptick. Cardano, however, led declines among the top assets, slipping about 1.4% on the session.
Despite the rebound, sentiment remains cautious. CryptoQuant’s Bull Score dipped to zero for the first time since early 2022, a reading associated with bearish phases in the cycle.
Ki Young Ju, CEO of CryptoQuant, warned that without new liquidity entering the market, conditions could drift toward a deeper slowdown, with internal models signaling a likely range of $55,000–$70,000 next year.
On the brighter side, some medium-term catalysts could counter that downward trend. K33 Research highlighted potential positive drivers, including anticipated 401(k) rule changes by early 2026 that could channel retirement funds into Bitcoin. Meanwhile, Ethereum developers completed the Fusaka hard fork, introducing upgrades aimed at increasing network scalability and efficiency.
Broader macro dynamics remain the dominant force. Monday’s subdued equity tone reflects a lack of fresh catalysts as traders wait for the Fed decision and assess whether anticipated easing will sustain risk appetite.
Analyst Alex Kuptsikevich pointed out that Bitcoin’s current pattern mirrors pullbacks seen in the 2013, 2017, and 2021 cycles, noting that the market has already absorbed a sizable two-month drop ahead of the December policy window.
For readers exploring related insights, Descriptions of recent sector activity and upcoming regulatory changes offer broader context on how macro shifts can influence crypto markets and investor sentiment.
Would you like this analysis to go deeper into how upcoming Fed decisions could impact liquidity flows into Bitcoin and Ethereum, or prefer a focus on how the Fusaka upgrade might affect Ethereum’s scalability and gas costs in practical terms? Also, are you interested in a version that emphasizes beginner-friendly explanations of key terms like Bull Score, liquidity, and hard forks?
