Bitcoin is expected to remain volatile with the US Fed rate decision expected to determine its trajectory
Bitcoin stood just above $90,153 on December 9 at 8.25 am, down 1.38 percent from the previous day, ahead of the US Federal Reserve’s rate decision.
In a volatile morning session, the world’s largest cryptocurrency slipped to a low of $89,808 and touched a high of $91,324.
“BTC attempted a small weekend bounce but is holding steady above the $90K zone after facing resistance near $91.5K. In the short term, price may continue to range between $90K–$91K, with a break above $91.5K opening room toward $92K,” according to CoinSwitch Markets Desk.
Bitcoin typically softens ahead of the Fed announcements and turns volatile as traders react to their guidance, crypto analysts said. Traders are pricing in an 89.4 percent chance of a rate cut. Bitcoin climbed to a peak of $126,000 in October before tumbling to a low of $75,000 in April.
“Bitcoin volatility is on the rise. Although the selling pressure is within the average levels, the apathy among the bulls is believed to have caused the slump,” said CoinDCX Research Team.
Volatility was seen across other tokens, too, with ETH up 0.02 percent, ADA 1.50 percent, while BNB is down 0.88 percent, SOL 0.65 percent, and USDC fell 0.01 percent in the past 24 hours. The top gainers for the day include Canton with over a 15.46 percent jump, followed by Zcash by a 13.16 percent rise, and Worldcoin by a 4.66 percent rise. Besides, DoubleZero plunges by over 10.87 percent, followed by Bitcoin Cash by 4.06 percent and Starknet by 3.78 percent.
“In the past 24 hours, global markets have delivered a powerful reminder that crypto does not operate in isolation. The BIS warning about a rare simultaneous surge in gold and equities, a potential ‘double bubble’, highlights an environment driven by excess liquidity rather than fundamentals.
When liquidity becomes the dominant force, cross-asset correlations tighten dramatically. Crypto, especially Ethereum, is increasingly traded as part of the broader risk-asset ecosystem rather than as a separate financial frontier,” said Nischal Shetty, Founder, WazirX.
“Volatility looms over crypto markets this week as macro trends, technical signals, and regulatory updates collide. BTC’s 1.24 percent decline contrasts with ETH’s modest gains, highlighting relative strength in Ethereum, and remains solid above $3,150 backed by over $425 million in whale long positions, but requires a breakout above $3,300 to aim for $3,600–$3,800. Macro catalysts are driving sentiment.
Upcoming JOLTs data, released over two months before the FOMC decision, is expected to stir volatility as markets reassess rate-cut expectations. A notable structural shift arrived with the CFTC’s pilot program, which now allows BTC, ETH, and USDC as derivatives collateral, signaling deeper institutional integration. The market remains resilient, but the Fed will determine the next directional move,” said Riya Sehgal, Research Analyst, Delta Exchange.
