The crypto market is up today, with the cryptocurrency market capitalisation increasing by 2.6% to $3.25 trillion. 92 of the top 100 coins have gone up over the past 24 hours. At the same time, the total crypto trading volume is at $147 billion.
At the time of writing, 9 of the top 10 coins per market capitalization have seen their prices increase over the past 24 hours.
Bitcoin (BTC) is up by 2.3% since this time yesterday, currently trading at $92,694.
Ethereum (ETH) is up by 6.6%, now changing hands at $3,331. This is the category’s highest increase today.
The second-highest rise is Solana (SOL)’s 4.4%, trading at $139.
It’s followed by Dogecoin (DOGE)’s 4.2% to the price of $0.1468.
The smallest rise in the category is 0.7% by Binance Coin (BNB), now standing at $893.
The only fall among the ten is 0.4% by Tron (TRX), currently trading at $0.28.
As for the top 100 coins, 92 have appreciated over the past day.
MemeCore (M) increased the most among these with the only double-digit rise: 10.2% to $1.45.
Cardano (ADA) follows with a 7.6% rise to $0.4603.
When it comes to the red coins, Bitcoin Cash (BCH) fell the most: 1.8% to $563.
LEO Token (LEO) is next, with a fall of 1.3% to $9.54.
Traders are focused on the US Federal Reserve’s decision on the interest rate cut expected to be announced today. However, many argue that the cut is already priced in.
Meanwhile, Changpeng Zhao argued that Bitcoin could see a major rally in 2026, potentially matching gold’s performance.
Koinly CEO Robin Singh commented that BTC’s recent uptick to almost $93,000 ahead of the US Federal Reserve rate cut decision “clearly signals that bulls are firmly defending the $90,000 level, which is now looking like the bottom, at least, for now.”
According to Singh,
However, that kind of pause should not be seen as a negative, he argues. Much of 2024 was defined by consolidation, but a major macro catalyst – in that case, the outcome of the US presidential election – triggered a sharp rally across markets.
He continues: “Periods like this often signal maturation rather than weakness, with Bitcoin holding its ground even in the absence of immediate drivers for fresh momentum.”
Moreover, Bitunix analysts noted that geopolitical uncertainty is rising, so the crypto market sentiment remains cautious.
Notably, “within the negotiation framework, the U.S., Ukraine, and Europe remain locked in a three-way tug-of-war. If ongoing negotiation headlines continue to fuel safe-haven demand, volatility may be driven by a combination of macro sentiment and liquidity positioning,” the analysts said.
For now, BTC is watching resistance at $93,200, with support at $90,000–$91,000.
They advise investors to monitor the effects of the news flows on dollar dynamics and safe-haven demand, and to assess whether geopolitical noise may spill over into broader risk-asset volatility.
At the time of writing on Wednesday morning, BTC stood at $92,694. The prise recorded a clear jump from the intraday low of $90,040 to the intraday high of $94,489.
However, the charts turned red in the 7-day period. BTC is now down 0.3%, but such a small move also means that it’s largely unchanged in this timeframe.
If the coin reclaims the $98,000–$100,000 range, it could push forward to $105,000 and $110,000. However, if it drops below $90,000, it could pull back to the $82,000–$85,000 zone.
Ethereum is currently changing hands at $3,122. Like BTC, it saw a significant jump earlier in the day, climbing from the day’s low of $3,099 to the high of $3,388.
That said, unlike BTC, ETH remains green in the 7-day timeframe, appreciating 8.6%.
ETH supply has hit a 10-year low, a setup for major rallies. The price could proceed towards $3,400, followed by the $3,500-$3,600 range. Should it pull back, the price may fall to the $2,900 level.
Meanwhile, the crypto market posted a notable increase on Wednesday morning, even if it still remains in the fear territory. The crypto fear and greed index rose to 30 today from 25 yesterday.
It seems that market participants remain highly cautious while experiencing a mild increase in optimism.
Even though many argue that the US rate cut is already priced in, today’s news could still affect the sentiment.
Following a day of outflows, the US BTC spot exchange-traded funds (ETFs) recorded $151.74 million in inflows. The total net inflow now stands at $57.71 billion.
Of the twelve BTC ETFs, a whopping eight recorded inflows, and one saw outflows. BlackRock accounts for the entirety of the negative flows: $28.76 million.
At the same time, Fidelity saw the highest amount of inflows of $198.85 million, followed by Grayscale’s $33.79 million and Bitwise’s $16.22 million.
Moreover, the US ETH ETFs posted another day of positive flows on 9 December, with $177.64 million in inflows. This is the highest amount since late October. The total net inflow now stands at $13.09 billion.
Of the nine funds, seven recorded inflows, and none saw outflows. Fidelity took in the most on Tuesday: $51.47 million.
It’s followed by Grayscale’s $45.19 million and BlackRock’s $35.29 million.
Meanwhile, Vivek Ramaswamy’s Strive Asset Management has announced a $500 million preferred stock offering, aiming to acquire more BTC. It currently holds 7,525 BTC, worth some $695.93 million.
Moreover, the US Office of the Comptroller of the Currency has allowed national banks to act as intermediaries in crypto trades. They can now buy from one customer and sell to another without holding inventory.
The crypto market recorded an increase over the past 24 hours, and the US stock market closed mixed during its previous session. By the closing time on Tuesday, 9 December, the S&P 500 was down by 0.088%, the Nasdaq-100 increased by 0.16%, and the Dow Jones Industrial Average fell by 0.38%. Investors expect the US Federal Reserve to lower their policy rate by a quarter percentage point today.
The market is expected to continue moving in this tight range we’ve been observing for the past month, though major macroeconomic prompts could push it outside that range – in either direction.


