The crypto market remained rather muted in response to the much anticipated Fed rate cut of 25 bps, making it the final one for 2025. On Thursday, December 11, BTC reflected a dip of 2.47 percent despite the rate cut. The asset is presently trading at $90,290. Fed Chair Jerome Powell’s mixed guidance has seemingly pushed down the broader market risk appetite.
“BTC and major altcoins have also slipped as traders digested the U.S. Federal Reserve’s third consecutive 25 bps rate cut of 2025 and a cautious macro outlook. The move, while briefly lifting equities, failed to sustain crypto momentum. Technically, BTC’s failure to reclaim $94,000 shows fading bullish strength, with support at $89,500–$87,500,” said Riya Sehgal, Research Analyst, Delta Exchange.
Ether also slipped by nearly four percent to trade at $3,200 on Thursday.
The market, it seems, is reeling under several macroeconomic factors. For instance, U.S. banks including JPMorgan and Citi could be seeing a DoJ investigation for restricting crypto businesses between 2020-2023. In fresher developments, Michael Saylor has opposed MSCI’s plan to drop crypto-heavy firms like Strategy from indexes, calling it discriminatory and Japan’s FSA has proposed shifting crypto oversight from payment to securities law which could trigger a regulatory overhaul there.
“The retreat in crypto prices comes as institutional and speculative demand cooled off briefly, with some on-chain metrics showing a slowdown in large-scale inflows and a small uptick in exchange inflows, hinting at short-term supply pressure,” Akshat Siddhant, Lead Quant Analyst, Mudrex told Coin Headlines.
XRP, BNB, Solana, Tron, Dogecoin, Tron, Dogecoin, Avalanche, Cardano, and Chainlink emerged among crypto assets that registered losses within the range of two to ten percent on Thursday. Monero, Zcash, Litecoin, Toncoin, and Polkadot are constantly showing price fluctuations.
The overall crypto market cap has fallen by 2.80 percent in the last 24 hours, bringing the valuation to $3.07 trillion. The score of 29 on the Fear and Greed Index also reflects a cautious sentiment among investors.
“Institutional accumulation continues slowly, even as major banks trimmed 2025 forecasts. With supply tightening and corporate adoption holding steady, long-term sentiment remains intact. In the near term, Bitcoin may remain range-bound between $88K support and $95K resistance, with breakout potential hinging on liquidity, macro data, and ETF inflow strength,” said Sathvik Vishwanath, co-founder and CEO, Unocoin.
A total of 155,901 traders were liquidated in the last 24 hours with the total liquidations hitting $515.38 million, data by CoinGlass.