Bitcoin Could Continue Chopping Below $95K Into Year-End as Altcoins May Outperform, Analyst Says

Crypto Daybook Americas Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin Could Continue Chopping Below $95K Into Year-End as Altcoins May Outperform, Analyst Says Low-liquidity in December may cap bitcoin's recovery rally, but rangebound trading for the largest crypto could benefit smaller digital assets, Wincent's Paul Howard said. By Krisztian Sandor , Helene Braun | Edited by Stephen Alpher Dec 4, 2025, 8:20 p.m. Bitcoin (BTC) price on Dec. 4 (CoinDesk) What to know : Bitcoin edged lower to $92,000 in Thursday afternoon U.S. trade, erasing its overnight advance to $94,000. Ether outperformed holding above $3,100, while XRP, HBAR, BCH and Zcash led altcoin losses with 4%-5% declines. Bitcoin BTC $ 92,014.50 reversed its overnight climb to $94,000, dipping back to $92,000 during U.S. hours Thursday, continuing choppy rangebound action after the wild moves first lower, than higher earlier int he week. Ethereum’s ether ETH $ 3,115.60 held up relatively well, down only 0.7% on the day and changing hands above $3,100 in the afternoon hours. Among altcoins, XRP $ 2.0940 , Hedera (HBAR), BCH $ 573.16 and privacy-oriented Zcash ZEC $ 352.85 led the downside with 4%–5% declines, while the broad-market CoinDesk 20 Index was 2% lower. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . Choppy trading ahead Despite the pullback, BTC continues to hold well above the support level established around $85,000 earlier this week, suggesting markets may be settling into a holding pattern as liquidity thins heading into year-end, Paul Howard, senior director of trading firm Wincent said in a note. "We continue to see cryptocurrency prices closely correlated with global macroeconomic events," said Paul Howard, senior director at Wincent. "While December is typically a low-liquidity month, we observe a higher floor has been set the past seven days around the $85,000 level." Without major new macro headlines, Howard expects more rangebound trading between $85,000 and $95,000 for the rest of the month. "There’s potential for some outperformance in altcoins, which typically do well in a low-liquidity, higher-volatility environment," he added. All eyes on Japan On the macro front, markets are entering December with eyes on the U.S. Federal Reserve and, more crucially, the Bank of Japan (BoJ). According to Mark Connors, founder and chief macro strategist of bitcoin investment advisory Risk Dimensions, the BoJ’s rate decision is the "key event" this month, as it determines the future of the yen-funded carry trade, a strategy where investors borrow in yen to buy higher-yielding assets. If the BoJ holds rates steady, as Connors expects, it could reignite demand for risk assets and provide a tailwind to equities, bitcoin and gold. Bitcoin News Market Wrap market analysis Bank of Japan More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You All Eyes on Ether: Crypto Daybook Americas By Omkar Godbole | Edited by Sheldon Reback 8 hours ago Your day-ahead look for Dec. 4, 2025 What to know : You are viewing Crypto Daybook Americas, your morning briefing on what happened in the crypto markets overnight and what's expected during the coming day. Crypto Daybook Americas will kickstart your morning with comprehensive insights. If you're not already subscribed to the email, click here . You won't want to start your day without it. Read full story Latest Crypto News Coinbase, Chainlink Introduce Base-Solana Bridge to Link Ecosystems 1 hour ago Bitcoin’s Negative Correlation With Nasdaq Persists, and History Suggests a Bottom May Be Forming 1 hour ago Crypto Investor Donates $12M to UK's Reform Party 2 hours ago Ex-Signature Bank Execs Launch Blockchain-Powered Narrow Bank Backed by Paradigm, Winklevoss 2 hours ago Sovereign Wealth Funds Were Buyers as Bitcoin Plunged: BlackRock's Larry Fink 2 hours ago BNB Nears $910 as Volume Jumps 68%, Signaling Growing Interest Near Resistance Zone 3 hours ago Top Stories Sovereign Wealth Funds Were Buyers as Bitcoin Plunged: BlackRock's Larry Fink 2 hours ago Crypto Investor Donates $12M to UK's Reform Party 2 hours ago U.S. CFTC-Driven Spot Crypto Trading Going Live With Bitnomial, Opening Up New Arena 4 hours ago Ex-Signature Bank Execs Launch Blockchain-Powered Narrow Bank Backed by Paradigm, Winklevoss 2 hours ago What Triggered Recent $4B Bitcoin ETF Outflows? 3 hours ago Solmate to Buy RockawayX in All-Stock Deal to Build $2B Institutional Solana Giant 6 hours ago In this article BTC BTC $ 92,014.50 ◢ 1.06 % ETH ETH $ 3,115.60 ◢ 0.77 % XRP XRP $ 2.0940 ◢ 4.92 %