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Crypto Markets Today: Bitcoin Recl
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Crypto Markets Today: Bitcoin Reclaims $92K as Fed Rate-Cut Expectations Lift Sentiment
Crypto Markets Today: Bitcoin Reclaims $92K as Fed Rate-Cut Expectations Lift Sentiment
Bitcoin pushed back above $92,000 during Monday’s Asia session as traders priced in a likely Federal Reserve rate cut this week; altcoins continued to lag.
By Oliver Knight, Omkar Godbole|Edited by Sheldon Reback
Dec 8, 2025, 11:30 a.m.
Bitcoin reclaims $92,000 as Fed rate-cut looms (Shutterstock)
What to know:
- BTC climbed above $92,000, reversing Friday’s sell-off and approaching the $94,200 level as U.S. equity index futures also ticked higher.
- The “altcoin season” indicator hit a record-low 19/100, with CD80 significantly underperforming the CD20 as speculative interest stays suppressed.
- Privacy coins continue to outperform. Zcash surged 17% and is up 600% this year while memecoins, metaverse tokens and Celestia’s TIA remain among the year’s weakest performers.
The crypto market exhibited signs of optimism during the Asia session on Monday, with bitcoin BTC$91,952.08 rising above $92,000 having spent the weekend trapped in a tight range below $90,000.
The largest cryptocurrency has now reversed Friday's sell-off and is within striking distance of last week's high of $94,200.
STORY CONTINUES BELOW
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U.S. equity index futures also posted a gain from Sunday evening's open, rising by around 0.2% as the market anticipated a Federal Reserve interest-rate cut on Wednesday, with probability of a 25 basis point cut standing at around 87%, according to CME data.
While bitcoin and ether ETH$3,145.27 are up 3%-4% over the past 24 hours, the altcoin market remains weak with a lack of speculative catalysts driving the action.
Derivatives positioning
- BTC's 30-day implied volatility index, BVIV, is holding steady at around 50%, showing no signs of panic ahead of the impending Fed decision.
- ASTER and ENA lead open interest growth in futures tied to the major tokens.
- Perpetual funding rates for major tokens, including BTC and ETH, continue to be positive, indicating a bias for bullish leveraged bets.
- The positive bias, however, could be in part due to the unwinding of the cash and carry arbitrage's short futures legs.
- On Deribit, bitcoin and ether puts continue to trade pricier than calls in a sign of lingering downside fears.
- In BTC's case, the $20K put is the second most popular options bet in the June 2026 expiry options.
- Block flows featured demand for BTC call spreads and strangles. In ETH's case, call calendar spreads have dominated the 24-hour flow.
Token talk
- The "altcoin season" indicator slumped to a record low of 19/100 on Monday, highlighting how investors are refusing to speculate on the tokens other than the market leaders following a grueling sell-off over the past few months.
- This behavior is also demonstrated by comparing the CoinDesk 20 (CD20) index with the CoinDesk 80 (CD80), the latter of which includes a wider basket of altcoins.
- The CD20 has risen 1.34% since Dec. 1 while the CD80 lost 1.37%.
- The memecoin and metaverse indexes are the worst performing sectors of the year, down by 53% and 62%, respectively. It appears the market has moved on from viral memes and cartoon character non-fungible tokens (NFTs).
- One sector that continues to perform well is privacy coins, zcash ZEC$390.00 gained the most out of the top 100 crypto tokens over the past 24 hours, rising by 17% to compound a 600% year-to-date rally.
- The same can't be said for TIA$0.5937, the native token of its namesake's data availability blockchain that has lost more than 87% of its value this year following a lack of activity and a recent round of layoffs.
Crypto Markets Today
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Protocol Research: GoPlus Security
Commissioned byGoPlus
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Every Major Bitcoin Conference Has Seen Prices Fall in 2025, Will Abu Dhabi Be Different?
Bitcoin enters the Abu Dhabi conference near $92K after a year of sell-the-news dips at major events, raising questions about another potential pullback.
What to know:
- Bitcoin enters the MENA 2025 conference around $92K, with traders watching for another event-linked correction.
- All four major bitcoin conferences this year — Las Vegas, Prague, Hong Kong and Amsterdam — coincided with short-term price drops.
- The bitcoin conference in Abu Dhabi arrives this week with bitcoin over $92,000, raising the possibility of another sell the news move.
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