Bitcoin Holds Above 89,000 as December FOMC Meeting Sparks End-Year Rally Amid Cooling Inflation
BTC/USDT
$13,784,700,649.61
$70,516.82 / $68,110.55
Change: $2,406.27 (3.53%)
+0.0001%
Longs pay
US data released on December 6 showed inflation cooling but not fully clear. The core PCE eased to 2.8%, a five-month low, nudging bets on December rate relief. Markets price a soft landing with a weaker dollar, lower yields, and steadier equities backdrop.
Crypto markets diverged from equities post-data. Bitcoin (BTC) dipped near 87,000, carving 3% moves, driven by options expiries, MicroStrategy dynamics, and regional volatility rather than the inflation print. BTC ETFs still drew about $60 million net inflows, signaling ongoing institutional demand.
Near-term BTC support sits in the 89,000–90,700 zone; holding here preserves upside toward 94,400 and 97,000. A breach below 89,000 could invite a pullback toward 85,000, while a dovish backdrop supports a late-year rebound.
Attention shifts to the December 10 FOMC meeting, with rate-cut expectations largely priced in. Momentum will hinge on data validation and evolving risk appetite, as fund flows remain a key watchpoint for BTC.