Expectations of a federal reserve rate cut initially boosted crypto prices, including bitcoin nearing $92,000. however, this positive sentiment is strongly tempered by 'yellow flags' indicating potential hawkish fed forward guidance, a confirmed bearish momentum trend, and consistent negative spot etf outflows, setting up a highly uncertain market environment.
Coindesk is a reputable source, providing a detailed and balanced analysis citing specific data points like etf flows from sosovalue, coindesk's own trend indices, and expert analyst opinions from brn and londoncryptoclub.
Despite an immediate 'perky' market reaction to expected fed rate cuts, the overall sentiment leans bearish. the rate cut is seen as potentially priced in, the 10-year yield is climbing (suggesting a hawkish vibe), the coindesk bitcoin trend index 'screams strong downtrend', and u.s. spot bitcoin and ether etfs are experiencing significant negative outflows.
While the immediate reaction to the fed meeting is short-term, the implications of fed chair powell's forward guidance for 2026, the sustained bearish momentum, and ongoing etf flow trends suggest these factors will have a longer-lasting impact on crypto prices.
Crypto Daybook Americas Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Perky, With Bearish Overtones: Crypto Daybook Americas Your day-ahead look for Dec. 8, 2025 By Omkar Godbole | Edited by Sheldon Reback Dec 8, 2025, 12:15 p.m. Federal Reserve Bank Chair Jerome Powell (Justin Sullivan/Getty Images modified by CoinDesk) 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. By Omkar Godbole (All times ET unless indicated otherwise) The crypto market perked up Monday on expectations of a Federal Reserve rate cut that are juicing the appetite for risk across the board. Bitcoin BTC $ 91.826,96 rose to nearly $92,000, up 3% over the last 24 hours, while the CoinDesk 20 and CoinDesk 80 indexes added in the region of 3.5%. STORY CONTINUES BELOW No te pierdas otra historia. Suscríbete al boletín de Crypto Daybook Americas hoy . Ver todos los boletines Inscríbeme Al registrarse, recibirá correos electrónicos sobre los productos de CoinDesk y acepta nuestros condiciones de uso y política de privacidad . That said, bulls might want to exercise caution because there are least three yellow flags waving. First off, this rate cut is basically a done deal, so all eyes are on Fed Chair Jerome Powell's forward guidance and whether he'll signal more cuts in 2026. Some market watchers are betting against aggressive easing. Case in point: The 10-year yield is climbing in the lead-up to the meeting, hinting bond traders smell a hawkish vibe. Momentum's leaning bearish too. The CoinDesk Bitcoin Trend Index screams strong downtrend, and the ether equivalent isn't far behind. These flipped bearish in mid-November, nailing the timing on the price slide that followed. Flows aren't screaming "buy" either. The U.S.-listed spot bitcoin ETFs leaked a net $87.77 million last week, with spot ether ETFs bleeding $65.59 million, according to SoSoValue. "The tape is constructive beneath the surface, as big wallets are accumulating and exchange supply is historically low, but the market is politically and macro-sensitive this week," said Timothy Misir, a research analyst at BRN. Misir added that a hawkish Fed cut, large-scale ETF outflows or re-acceleration of exchange inflows and data that dents rate-cut bets, could play spoilsport. Watch for volatility in the broader market too, as token unlocks for CONX, APT, STRK, CHEEL, LINEA, and BB, each worth over $5 million, are scheduled for the next seven days, as noted by newsletter service LondonCryptoClub. Over in traditional markets, gold's rally has hit pause around $4,200 per ounce. Stay alert! Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today What to Watch For a more comprehensive list of events this week, see CoinDesk's " Crypto Week Ahead ". Crypto Dec. 8: EstateX (ESX) platform goes live for Unicorn Club members (1M ESX required) and NFT holders; first property put up for sale. Dec. 8 (market open): ProCap Financial Inc. (BRR), formed by the merger of Columbus Circle Capital Corp. I and ProCap BTC, LLC, begins trading on the Nasdaq Global Market. Dec. 8, 11:30 a.m.: Enjin (ENJ) activates the Senotsa upgrade on the mainnet of both Relaychain and Matrixchain. Dec. 8, 1:30 p.m.: Hivemapper (HONEY) AMA on X Spaces . Macro Nothing major scheduled. Earnings (Estimates based on FactSet data) None scheduled. Token Events For a more comprehensive list of events this week, see CoinDesk's " Crypto Week Ahead ". Governance votes & calls Dec. 8: MINA $ 0.09677 to host community call for an update on the Mesa upgrade at 11 a.m. Celo Public Goods is voting on the December allocatio n for "Support Streams Season 1," distributing CELO and OP to projects based on stCELO votes. Voting ends Dec. 8. Aave DAO is voting to onboard the Paxos-issued USDG stablecoin to the Aave V3 Core instance. Voting ends Dec. 8. Unlocks No major unlocks. Token Launches Stable (STABLE) lists on various exchanges including Bitfinex and KuCoin. Conferences For a more comprehensive list of events this week, see CoinDesk's " Crypto Week Ahead ". Day 1 of 2: Bitcoin MENA 2025 (Abu Dhabi) Day 1 of 2: Blockchain Association’s Policy Summit 2025 (Washington) Day 1 of 4: Abu Dhabi Finance Week 2025 (Abu Dhabi) Market Movements BTC is up 3.32% from 4 p.m. ET Friday at $92,192.06 (24hrs: +3.27%) ETH is up 4.63% at $3,160.68 (24hrs: +3.98%) CoinDesk 20 is up 3.75% at 2,945.01 (24hrs: +3.59%) Ether CESR Composite Staking Rate is up 1 bps at 2.85% BTC funding rate is at 0.0039% (4.242% annualized) on Binance DXY is unchanged at 98.95 Gold futures are down 0.17% at $4,235.70 Silver futures are down 0.29% at $58.88 Nikkei 225 closed up 0.18% at 50,581.94 Hang Seng closed down 1.23% at 25,765.36 FTSE is unchanged at 9,664.29 Euro Stoxx 50 is unchanged at 5,725.95 DJIA closed on Friday up 0.22% at 47,954.99 S&P 500 closed up 0.19% at 6,870.40 Nasdaq Composite closed up 0.31% at 23,578.13 S&P/TSX Composite closed down 0.53% at 31,311.41 S&P 40 Latin America closed down 3.98% at 3,126.05 U.S. 10-Year Treasury rate is up 1.2 bps at 4.151% E-mini S&P 500 futures are up 0.11% at 6,886.00 E-mini Nasdaq-100 futures are up 0.2% at 25,784.00 E-mini Dow Jones Industrial Average Index futures are unchanged at 47,991.00 Bitcoin Stats BTC Dominance: 59.38% (-0.12%) Ether-bitcoin ratio: 0.03434 (1.41%) Hashrate (seven-day moving average): 1,025 EH/s Hashprice (spot): $38.75 Total fees: 1.99 BTC / $178,769 CME Futures Open Interest: 121,060 BTC BTC priced in gold: 21.8 oz. BTC vs gold market cap: 6.16% Technical Analysis 10-year U.S. Treasury yield. (TradingView) The chart shows daily swings in the 10-year U.S. Treasury yield. The benchmark yield continues to rise despite the impending Fed rate cut and has carved out a bullish inverse head-and-shoulders pattern. A breakout above the pattern's resistance (yellow) line could accelerate the uptrend, potentially adding volatility to traditional and digital asset markets. Crypto Equities Coinbase Global (COIN): closed on Friday at $269.73 (-1.58%), +2.11% at $275.42 in pre-market Circle (CRCL): closed at $85.62 (-2.1%), +0.15% at $130.04 Galaxy Digital (GLXY): closed at $25.51 (-7.47%), +1.92% at $26 Bullish (BLSH): closed at $46.45 (-4.07%), +1.42% at $47.11 MARA Holdings (MARA): closed at $12.47 (+4.7%), +2.56% at $12.04 Riot Platforms (RIOT): closed at $14.94 (-4.17%), +2.01% at $15.24 Core Scientific (CORZ): closed at $17.11 (+0.18%) CleanSpark (CLSK): closed at $13.72 (-8.75%), +2.59% at $14.07 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $45.53 (-3.72%) Exodus Movement (EXOD): closed at $14.61 (-5.25%), +2.94% at $15.04 Crypto Treasury Companies Strategy (MSTR): closed at $178.99 (-3.77%), +2.23% at $182.98 Semler Scientific (SMLR): closed at $17.11 (+0.18%) SharpLink Gaming (SBET): closed at $10.72 (-3.94%), +3.26% at $11.07 Upexi (UPXI): closed at $2.66 (-6.67%), +2.63% at $2.73 Lite Strategy (LITS: closed at $1.67 (-4.57%) ETF Flows Spot BTC ETFs Daily net flows: $54.8 million Cumulative net flows: $57.6 billion Total BTC holdings ~1.31 million Spot ETH ETFs Daily net flows: -$75.2 million Cumulative net flows: $12.9 billion Total ETH holdings ~6.25 million Source: Farside Investors While You Were Sleeping Binance Wins Full ADGM Approval for Exchange, Clearing, and Brokerage Operations (CoinDesk): Abu Dhabi’s regulator is making the platform split its trading, post-trade infrastructure and brokerage work into three locally incorporated entities so each regulatory category can be supervised separately. Robinhood to Enter Indonesia With Brokerage, Crypto Trader Acquisition (Reuters): Buying two licensed firms gives the U.S. platform a fast regulatory pathway into a market with tens of millions of equity and crypto participants, setting up its planned 2026 roll-out. Coinbase Reopens India Signups, Targets Fiat On-Ramp in 2026 After Two-Year Freeze (CoinDesk): The exchange returns to the market after securing registration with India’s financial-intelligence unit and reviving crypto-only trading through a clean-slate strategy while preparing to restore local currency access next year. Crypto Daybook Americas Más para ti Protocol Research: GoPlus Security Por CoinDesk Research 14 nov 2025 Commissioned by GoPlus Lo que debes saber : 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 Más para ti Switch to Long-Term Thinking: Crypto Daybook Americas Por Francisco Rodrigues , Saksham Diwan | Editado por Sheldon Reback 5 dic 2025 Your day-ahead look for Dec. 5, 2025 Lo que debes saber : 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. Leer la noticia completa Latest Crypto News Every Major Bitcoin Conference Has Seen Prices Fall in 2025, Will Abu Dhabi Be Different? hace 42 minutos Crypto Markets Today: Bitcoin Reclaims $92K as Fed Rate-Cut Expectations Lift Sentiment hace 47 minutos Bitcoin’s Long-Term Holders Hit Cyclical Low as Sell Pressure Finally Eases hace 1 hora BTC Holds Steady as Fed Rate Cut Looms, Rising Treasury Yields Suggest Caution: Analysts hace 1 hora U.S. Interest Rates, Do Kwon Sentencing: Crypto Week Ahead hace 2 horas Canadian Province Wins Forfeiture of $1M QuadrigaCX Co-Founder's Cash, Gold via Default Judgment hace 3 horas Top Stories Binance Wins Full ADGM Approval for Exchange, Clearing, and Brokerage Operations hace 7 horas Crypto Markets Today: Bitcoin Reclaims $92K as Fed Rate-Cut Expectations Lift Sentiment hace 47 minutos Every Major Bitcoin Conference Has Seen Prices Fall in 2025, Will Abu Dhabi Be Different? hace 42 minutos Two Casascius Coins Holding 2K BTC Moved After 13 Years of Inactivity 6 dic 2025 BTC Holds Steady as Fed Rate Cut Looms, Rising Treasury Yields Suggest Caution: Analysts hace 1 hora Here's How Bitcoin, Ether, XRP and Solana May Trade Today hace 7 horas In this article BTC BTC $ 91.826,96 ◢ 2,60 % MINA MINA $ 0.09677 ◢ 2,08 %