Bitcoin Reclaims $92K as Fed Rate-Cut Hopes Lift Crypto – But Is the Return of Confidence Enough?

December 8, 2025

The crypto market has kicked off the week in risk‑on mode. Bitcoin has climbed back above $92,000, major altcoins are bouncing, and ETF flows and macro tailwinds are rebuilding confidence ahead of a pivotal Federal Reserve meeting. But a cluster of new research and technical analyses suggests this rebound may still be just a pause in a wider correction rather than the start of a fresh vertical rally. ^[1]

Below is a comprehensive look at today’s key market drivers, forecasts and technical levels, based on the latest coverage from CoinDesk, DLNews, FXStreet, Cryptonews, Decrypt and Forex.com’s associated outlooks.

Crypto Markets Today: Bitcoin Back Above $92,000, Market Turns Green

During Monday’s Asia session, Bitcoin (BTC) pushed back above $92,000 as traders priced in a likely Federal Reserve rate cut later this week, according to CoinDesk’s Crypto Markets Today column. Altcoins, however, continued to lag the benchmark, reflecting a cautious rather than euphoric risk mood. ^[2]

Fresh data from Cryptonews shows the move is part of a broader upswing:

Total crypto market cap is up about 2.2% today to roughly $3.2 trillion.
Around 90 of the top 100 coins are in the green.
BTC has climbed about 2.4% over 24 hours to around $91,500–$92,000.
Ether (ETH) is up roughly 3.3% near $3,133, with Solana (SOL) adding about 2.8% around $135. ^[3]

The bounce follows a difficult stretch in which Bitcoin slid as low as the mid‑$80,000s and is still trading about 27% below its all‑time high near $126,000. On a 30‑day basis, BTC remains down more than 10%, underscoring that this is a rebound inside a larger corrective structure, not a full‑fledged trend reversal—at least not yet. ^[4]

ETF Flows: Pessimism May Have Hit a Local Bottom

One of the clearest signs that sentiment is healing comes from crypto investment funds and ETFs.

A new report summarized by Decrypt citing CoinShares data shows: ^[5]

Bitcoin ETFs attracted about $352 million of inflows last week, nearly half of total crypto fund investments ($716 million).
Short‑Bitcoin products (funds that bet against BTC) saw $18.7 million of outflows, the biggest since March 2025 – a sign some bears are capitulating.
Total crypto assets under management have rebounded about 7.9% from November lows to roughly $180 billion, still well below the $264 billion peak from earlier in the cycle.
The surprise runner‑up to Bitcoin was XRP funds, which pulled in roughly $244 million, helped by the launch of a new leveraged XRP ETF. Ethereum products added a more modest $39 million.

Shorter‑term ETF data reinforces this trend. Cryptonews notes that on Friday, December 5, U.S. spot Bitcoin ETFs snapped a two‑day outflow streak with $54.79 million of net inflows, even as Ether ETFs recorded $75.21 million in outflows, driven largely by BlackRock’s ETH product. ^[6]

The picture that emerges:

Directionally bullish: money is flowing back into BTC products, and bears are closing shorts.
But not euphoric: total AUM is still well below its high, and the flows are occurring against a backdrop of ongoing macro uncertainty and elevated volatility.

In other words, there are credible signs that sentiment may have bottomed, but not that we’re back in a runaway mania.

Macro Tailwinds: Fed Meeting Seen as Catalyst for “Sharply Higher” Bitcoin

The Federal Reserve’s December meeting is the main macro event driving today’s optimism.

A detailed DLNews markets snapshot reports that analysts and traders broadly expect the Fed to cut interest rates by 0.25 percentage points on Wednesday, marking the third cut of the year. ^[7]

Key points from the DLNews coverage: ^[8]

Analysts at the London Crypto Club argue that a “dovish surprise” is possible, with the Fed indirectly increasing money supply via creative bond‑buying—essentially turning the liquidity taps back on.
They suggest that as the Fed moves deeper into a rate‑cutting cycle with renewed balance‑sheet expansion, risk assets such as Bitcoin could face a powerful structural tailwind going into 2026.
The CME FedWatch tool shows an ~86% probability of a 25‑basis‑point cut, while prediction markets on Polymarket put the odds closer to 94%, indicating markets are heavily leaning toward easing.
At the time of the article, Bitcoin was trading around $91,900 and Ethereum near $3,150, both up over 3–4% in 24 hours.

Lower rates tend to reduce the appeal of bonds and cash, pushing investors into higher‑risk assets, including crypto. That said, the same DLNews piece notes that not everyone is betting on a year‑end “Santa rally.” Long‑time strategist Mike McGlone is cited as expecting BTC to trade below $84,000 by the end of 2025, underscoring that significant downside scenarios remain on the table. ^[9]

Technical Picture: BTC Stalls Below $93,470 as Macrostructure Tightens

While macro news is supportive, FXStreet’s intraday technical analysis warns that Bitcoin is still range‑bound below a critical pivot. ^[10]

In a detailed note titled “BTC recovery stalls below 93,470 as macrostructure maps the next major turning point,” analyst Denis Joeli Fatiaki highlights:

BTC’s recovery from late‑November lows has been constrained by a major daily supply zone between $97,000 and $99,000.
On the 1‑hour macrostructure map, BTC was rejected at $93,470, a multi‑week pivot first identified in mid‑November.
Key intraday resistance levels sit around $92,262 (micro‑wave “5”) and $93,470, where sellers repeatedly step in.
On the downside, support clusters between about $89,157 and $87,824, a zone combining multiple micro‑levels and a demand block.

The analysis lays out two main scenarios for the December 7–10 window: ^[11]

Bullish case – holding above $87,824
- Price can rotate back toward $92,262 and retest $93,470.
- A break above this ceiling opens room toward roughly $99,000–$100,000, aligning with a broader daily attempt to reclaim the $97k–$99k zone.
Bearish case – losing the $87,824 pivot
- Exposes lower targets around $83,511, and even $76,500–$77,600 if liquidity pockets below are tapped.
- Would risk breaking the current pattern of higher lows and handing short‑term control back to bears.

Fatiaki describes BTC as “coiling” between near‑term supply ($92,262–$93,470) and demand ($89,157–$87,824). A decisive break from this tightening channel is likely to set the tone for the next multi‑session move. ^[12]

“Bottoms Are Processes”: Broader Weekly Outlook and the Confidence Question

The question posed in Forex.com’s weekly piece — “Weekly Crypto Fundamental Outlook: Is the Return of Confidence Not Enough?” — captures today’s underlying tension: risk appetite is improving, but the foundations of that confidence are still fragile. The full article is not accessible from this environment (HTTP 403), but its headline and related research streams suggest several themes: ^[13]

Episodes of renewed optimism have been repeatedly faded over the last two months.
Crypto remains tightly linked to shifts in global risk sentiment, from central‑bank policy to trade tensions.
The market may need more than ETF inflows and rate‑cut hopes—such as sustained macro stability or new fundamental adoption drivers—to escape the current corrective regime.

A fresh FXStreet European wrap‑up adds more nuance to this idea of a “process bottom.” Analysts note that while last week ended poorly, with BTC under $90,000 and ETH slipping below $3,000, dip‑buyers once again stepped in over the weekend and early Monday. They stress that “bottoms are processes, not single events,” pointing to repeated demand on pullbacks as a sign that a tradable low may be forming, at least for now. ^[14]

This view aligns with John Glover, CIO at crypto lender Ledn, who told Cryptonews he believes the market is still working through a complex Wave IV correction: ^[15]

He expects BTC to oscillate in roughly a $71,000–$105,000 range for the next 4–6 months.
He sees value in accumulating BTC between $72,000 and $84,000, if those levels are revisited.
In his framework, a two‑day close above $108,000 would be a strong sign that the correction is over and the next impulsive leg higher has begun.

Taken together, these perspectives echo the core point behind Forex.com’s “return of confidence” question: sentiment can improve quickly, but a durable trend change usually takes time, patience, and confirmation.

Altcoins: Solana Leads, XRP Funds Surge, Ethereum Whales Go Long

While Bitcoin sets the tone, altcoins are quietly staging their own stories—some bullish, some more cautious.

Solana (SOL): ETF and derivatives demand

FXStreet’s European wrap highlights Solana as a standout today: ^[16]

SOL is up around 5% in European trading after forming a Doji candle on Sunday—often a sign of indecision before a new move.
Derivatives data shows rising funding rates, implying fewer traders are willing to pay to stay short.
Solana‑focused ETFs have now seen six consecutive weeks of inflows, indicating persistent institutional interest despite volatility.

That mix—shrinking short interest and steady ETF demand—supports the thesis that SOL could be positioned for a breakout, provided broader market risk sentiment holds.

XRP: ETF‑driven momentum

Thanks to the new leveraged products and ongoing ETF launches, XRP funds captured about $244 million in inflows last week, making them the second‑largest destination for fresh crypto fund capital after Bitcoin, according to the CoinShares/Decrypt data. ^[17]

That doesn’t guarantee smooth upside in the XRP price itself, but it shows institutional and structured‑product demand is broadening beyond just BTC and ETH.

Ethereum (ETH): “Smart whales” betting on $4K

FXStreet also reports that Ethereum whales have opened roughly $426 million in long positions, betting that the worst of ETH’s downside is behind it. ^[18]

ETH/USD is trading near $3,140, about 20% above its late‑November low around $2,621.
If bulls can maintain control, analysts see scope for ETH to target the $3,200–$3,380 area in the short term, though a drop back below $2,800 could reopen the path toward $2,550 and lower. ^[19]

Altogether, the altcoin tape supports the idea of a broad relief rally, but one where leadership is selective (SOL, XRP funds, and high‑beta names) and still vulnerable to macro shocks.

Sentiment: Fear Persists Beneath the Surface

The crypto Fear & Greed Index remains firmly in “Fear” territory, hovering in the low‑20s after spending most of the last month between 10 and 25, according to Monday’s Cryptonews update. ^[20]

This tells an important story:

Prices are off the lows, and flows are turning positive,
but psychology is still cautious, with many participants unconvinced that the worst volatility is behind them.

In practice, that environment often produces sharp squeezes in both directions as over‑leveraged positions are flushed out and news flow swings expectations around central‑bank policy and regulation.

Key Levels and Events to Watch This Week

For traders and long‑term investors trying to navigate this environment, several price zones and macro events stand out.

1. Federal Reserve decision (Wednesday)

Baseline expectation: a 0.25% rate cut, with markets already pricing an ~86–94% chance. ^[21]
Bullish scenario for crypto: any hint of faster future cuts or balance‑sheet expansion (quasi‑QE) could extend the current rally.
Bearish scenario: a more hawkish tone or pushback against market expectations could spark another leg lower across risk assets.

2. Bitcoin technical levels

Combining FXStreet’s macrostructure with Cryptonews’ broader outlook: ^[22]

Immediate resistance:
- ~$92,000–$93,470 – intraday supply and the multi‑week pivot.
- A daily/weekly close above roughly $94,600 would signal that bulls are regaining control and potentially open a run toward $100,000.
Key support:
- $89,157–$87,824 – short‑term demand zone.
- Losing this area exposes supports around $83,500 and possibly $76,000–$77,000, levels that several analysts see as realistic downside targets in a deeper correction.

On a multi‑month horizon, Ledn’s Glover continues to see the market chopping between about $71,000 and $105,000, with only a sustained break above $108,000 signaling that the correction has truly ended. ^[23]

3. ETF flow trends

Watch whether Bitcoin ETFs continue to attract inflows after last week’s $352 million surge and Friday’s $54.79 million positive day. ^[24]
Monitor whether ETH and altcoin ETFs can stem recent outflows and follow BTC’s lead. Divergent flows could signal rotation within crypto rather than broad‑based risk‑on.

4. Altcoin leadership

Solana: whether SOL can build on today’s ETF‑backed bounce and convert it into a sustained trend above recent resistance. ^[25]
XRP: how price reacts after the $244 million fund inflow week—does it validate the ETF‑driven optimism or fade it? ^[26]
Ethereum: if the $426 million in whale longs proves prescient, ETH could resume outperforming BTC in the weeks ahead. ^[27]

What It All Means for Crypto Investors

Pulling the threads together:

Short‑term:
- Momentum has clearly shifted back to the upside into the Fed meeting.
- ETF data, ETF‑linked altcoin flows, and the retreat of short‑BTC products suggest pessimism may have reached a local low. ^[28]
- Technically, though, BTC is still stuck below major resistance just under $95,000, with credible scenarios pointing both toward $100,000 and back toward the $70,000s. ^[29]
Medium‑term (next 4–6 months):
- Analysts like Glover and the teams at Forex.com/City Index see the market in a wide, choppy corrective range, where “confidence” alone is not enough. Macro conditions, liquidity and regulatory outcomes will likely determine whether this proves to be a late‑cycle distribution top or a healthy reset before another leg higher. ^[30]
Risk management remains crucial:
- With the Fear & Greed Index still in “Fear,” the market is vulnerable to sharp reversals in either direction as traders overreact to incoming data and Fed commentary. ^[31]

As always, this coverage is for informational and educational purposes only, not financial advice. Crypto assets are highly volatile and speculative; anyone considering exposure should carefully evaluate their risk tolerance, time horizon, and overall financial situation, and consider speaking with a qualified financial professional.