The crypto market is in the black: Bitcoin is at $88 thousand, altcoins are rebounding on expectations of a rate cut

Over the past 24 hours, the crypto market has shown cautious growth: the total capitalization has risen by about 2–2.5%, and key coins have moved into the green zone amid expectations of a softer policy by the US Federal Reserve and a partial restoration of interest in risky ones assets. At the same time, traders remain wary, recording an increased level of liquidations and a still low total trading volume compared to local peaks of the month.​

Bitcoin dynamics: consolidation below 89 thousand dollars

Over the past 24 hours, Bitcoin has fluctuated in the range of around $88-88.5 thousand, adding about 1-2% and remaining just below the important psychological level of $89 thousand. Analysts note that resistance in the area of ​​90-91 thousand still remains a key obstacle to continued growth, and the scenario for movement to 100 thousand dollars will depend on maintaining the total market capitalization above the level of 3 trillion dollars.

Ethereum, XRP and Solana: rebound amid improving sentiment

Ethereum gained about 2–3% per day, trading in the area of 2.9–2.95 thousand dollars and gradually winning back the fall of last week. XRP shows one of the strongest intraday gains in the top assets – about 8%, moving around $2.2-2.25, while Solana strengthens by about 4-5% with a price around $136-138.

Macro factor: expectations of a Fed rate cut and liquidity inflow

The key driver of the local rebound is the change in expectations for US monetary policy: the likelihood of the Fed cutting the key rate in December is estimated by market participants to be significantly higher than a week earlier. Loose policies have traditionally supported demand for risk assets, and gains in US tech stocks earlier in the week boosted capital inflows into major cryptocurrencies.​

Sentiments and risks: growing liquidations and “extreme fear”

Despite the rise in prices, derivatives data shows an increase in liquidations to approximately $300-350 million per day and a slight increase in open interest, indicating increasing leverage in the system. The “fear and greed” index remains in the “extreme fear” zone, which reflects the dominance of the defensive position among some participants even against the background of the current rebound.​

What to watch in the coming days

Market participants are advised to closely monitor:

• rhetoric of Fed representatives and inflation statistics in the USA;

• Bitcoin maintaining the range above $85-86 thousand as a key area of support;

• dynamics of large altcoins (ETH, XRP, SOL) relative to Bitcoin, as an indicator of market readiness for the “alt season” phase.

News highlights

• The total capitalization of the crypto market grew by about 2–2.5%, reaching about $3.1 trillion.​

• Bitcoin is staying around 88 thousand dollars and cannot yet gain a foothold above 89-90 thousand dollars.

• Ethereum, XRP and Solana show rapid growth, with XRP adding about 8% per day.

• Expectations for a December Fed rate cut support interest in risky assets, but the volume of liquidations and the “extreme fear” index indicate continued risks.

The information is for informational purposes only and under no circumstances constitutes an individual investment recommendation.