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Expectations within the crypto community were high when the news broke that the Fed (Federal Reserve) again cut interest rates by 25 bps, bringing the federal fund rate to its lowest level in more than three years, but today, the enthusiasm has died down a bit as the broader crypto market failed to get back its momentum.
With the Fed announcing the rate cut,
Bitcoin
2.47%
Bitcoin
BTC
Price
$63,402.26
2.47% /24h
Volume in 24h
$60.07B
Price 7d
briefly surged above $94,000, but since then, it has declined by 2.62% and is currently trading at
. The OG coin, despite having a market cap of $1.85 trillion, has been moving sideways because of a weakening of the broader market.
While the rate cut happened, a cautious tone from the Fed Chair, Jerome Powell, dampened any hopes for an aggressive upcycle that usually happens after a rate cut. Powell basically said that there are no free lunches and that inflation could still rise and jobs could still take a hit, as he said, there is “no risk-free path for policy.”
Market hawks are now factoring in only one rate cut for next year.
(Source: FedWatch)
Meanwhile, the Fed is about to start buying $40 billion worth of short-term government bonds to push extra cash into the system in an effort to calm the markets and give risky assets like crypto a bit of a leg up. Another reason why BTC is sliding today is AI tech stocks.
🔴 Fed: We will buy $40 billion of treasury bills over the next 30 days.
The printers are warming up.
QE is back on the menu.Gold and Silver … 🧐 pic.twitter.com/P393TlbCPU
— Wall Street Mav (@WallStreetMav) December 10, 2025
Investors are starting to worry that they might not see quick profits from the funds they are pouring into AI infrastructure, causing them to lose their risk appetite and pull away from high-risk assets such as BTC.
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Crypto News Today: ETH Retests $3.2k Level
Since briefly breaching the $3,400 level in the early hours of trading today,
Ethereum
3.00%
Ethereum
ETH
Price
$1,760.74
3.00% /24h
Volume in 24h
$20.09B
Price 7d
has lost considerable ground and is currently trading at
, down by 3.66% on the 24-hour chart. It breached support at $3,200 briefly before bouncing slightly to trade above this level.
ETH showed better strength compared to BTC, but has still pulled back along with the broader market. And that is despite ETH ETFs recording an inflow of $57.6 million yesterday, with BlackRock buying $56.5 million in ETH.
$ETH ETF inflow of $57,600,000 🟢 yesterday.
BlackRock bought $56,500,000 in Ethereum. pic.twitter.com/jGLf0box4u
— Ted (@TedPillows) December 11, 2025
For now, ETH is sitting at a tricky spot. If sellers push the price below the $ 2,900-$ 3,000 zone, the altcoin king could face further bearish pressure, with its price declining towards support at $2,500 and then $2,300. On the flipside, there is still a chance it can flip the script and bounce back, since the lower support channels support it.
$ETH is trying to break above a crucial resistance level.
A reclaim of the $3,300-$3,400 level will push Ethereum towards the $3,700 level.
A rejection from this level will push ETH below the $3,100 zone. pic.twitter.com/cFGBuBGQlU
— Ted (@TedPillows) December 10, 2025
On the four-hour chart, ETH has declined to retest its 50-day EMA (Exponential Moving Average) after breaching its 20-day EMA and is now at a crossroads. If ETH can climb back into the $3,300–$3,400 range, that would flip the momentum bullish and set the stage for bigger gains. In fact, breaking through mid-channel resistance could open the door to a run toward $4,000.
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UK Regulator Sets Out Next Year’s Digital Strategy
The UK’s Financial Conduct Authority (FCA) is laying the groundwork for stablecoin regulations to come into effect by 2026.
In a letter sent to Prime Minister Keir Starmer, FCA head Nikhil Rathi has laid out the regulator’s game plan for digital innovation for the coming year. The FCA is gathering feedback on its proposals and has stressed that clear rules will help grow the crypto sector while protecting consumers.
NEWS ALERT: 🇬🇧 UK financial authority to prioritize stablecoin payments in 2026 https://t.co/0vt4NsjcE9
— Zypto.com | #WeAreCrypto (@Zyptocom) December 11, 2025
The Bank of England is also involved, focusing on systemic GBP-backed stablecoins with stricter requirements, while non-systemic tokens like USDT and USDC will remain under FCA oversight but face lighter rules.
In the meantime, government officials have signaled urgency and are aiming to finalize rules for stablecoins and crypto staking within six months.
Why is Elon Musk Shuffling BTC Ahead of Rumored SpaceX IPO?
What’s going on with SpaceX and its Bitcoin (BTC) holdings? The privately held company has been in the news for a while regarding its BTC reshuffling activities, and has once again made the news for the same reason.
On-chain data suggests that the company shifted a massive chunk of its Bitcoin holdings, worth over $94 million, on 10 December 2025. All this BTC shuffling business has come about as the company gears up for a possible IPO in 2026.
Online blockchain sleuths at Arkham Intelligence spotted the move early on, saying that SpaceX-linked wallets sent about 1,021 BTC to two different addresses, split into 407 and 614 BTC.
“SpaceX just transferred $94 million of BTC. They have been moving around $100 million of BTC every week for around the past two months now,” Arkham posted on X.
SpaceX or Elon Musk has made no comments on this matter so far.
SPACEX JUST MOVED $94M $BTC
SpaceX just transferred $94M of BTC. They have been moving around $100M of BTC every week for around the past 2 months now.
Of this transfer, $37.66M was transferred to a new address, while $56.82M was change. pic.twitter.com/LVPg3037w4
— Arkham (@arkham) December 10, 2025
“SpaceX just transferred $94 million of BTC. They have been moving around $100 million of BTC every week for around the past two months now,” Arkham posted on X.
SpaceX or Elon Musk has made no comments on this matter so far.
JPMorgan Maintains A Positive BTC Outlook Despite Recent Downturns
The financial giant is holding on to its positive outlook for the crypto gold as the OG coin barely manages to hold its own above the $90,000 level. The brief growth spurt after the Fed Rate cut that saw its price rise above $94,000 has fizzled out, and the crypto is back to trading near $90,000.
Despite the sharp decline, JPMorgan analysts argue that the sector is not entering another crypto winter, pointing to resilient market fundamentals, including institutional interests and improving infrastructure.
JUST IN: JP Morgan has a price target of $170,000 per Bitcoin if it trades like gold over the next 6-12 months. pic.twitter.com/UIluX6otXl
— 🚨Debt Collapse🌪️ (@debtcollapse) December 7, 2025
They view the recent drop in BTC’s price action as a healthy correction rather than a full-on collapse. Analysts have, however, conceded that the digital asset prices were inflated after the 2024 US general elections.
They also note that liquidity conditions and macroeconomic factors (like interest rates and inflation) are still supportive of risk assets, including crypto.
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