Bitcoin rises
Bitcoin rose above $92,000 on Monday, extending its rebound after two months of losses. The rise comes at a time when traders are preparing for an important Federal Reserve meeting. Many investors think the Fed may cut interest rates or increase liquidity in the banking system. Such steps often support riskier assets, including cryptocurrencies.
Analysts' say
Analysts David Brickell and Chris Mills of the London Crypto Club said the Fed may use a bond-buying method that increases money supply. They believe this could give a strong push to the crypto market as the year ends. Market data also shows high expectations for a rate cut. The CME FedWatch tool suggests strong odds of a 25-basis-point cut, and prediction markets show even higher confidence. Lower rates usually make assets like Bitcoin more appealing compared to traditional bonds.
Policy decisions globally
This week is busy for central-bank actions worldwide. Policy decisions are expected from Canada, Australia, and Switzerland. China and Taiwan will release export figures that could influence global markets. Japan may also raise rates to respond to inflation in the yen. Ed Yardeni of Yardeni Research said many policymakers are leaning toward further rate cuts, although trade tensions continue to create challenges.
Regulatory steps
The Commodity Futures Trading Commission has approved spot crypto trading on regulated exchanges, a step the industry has pushed for over many years. At the same time, Securities and Exchange Commission Chair Paul Atkins said the US financial system is moving toward tokenization. He suggested that this shift could arrive within a few years, adding pressure on markets to adjust.
Possible declines
Not all analysts agree on a bullish outlook. Bloomberg Intelligence strategist Mike McGlone said Bitcoin could fall below $84,000 by the end of 2025. He has issued several warnings in recent months about the possibility of further declines.
Market desks
Market desks say Bitcoin traded between $88,000 and $90,000 in recent days, with buyers stepping in during each dip. While momentum remains soft, quick rebounds continue to push prices higher. Major altcoins also show stability. Ethereum stays above $3,000. XRP trades above $2. BNB sits above $900. Solana stays near $135, and Dogecoin remains around $0.14.
