Bitcoin and the broader crypto market are navigating a choppy pullback as traders monitor whether BTC can hold the $90,000–$91,000 support zone. “The short-term setup has shifted into a choppy pullback,” one trader noted, reflecting ongoing market caution.
On Thursday, major cryptocurrencies gained up to 5%, with Bitcoin hovering above $93,000. Some analysts cautioned that the rally could be a “fake-out” amid continued volatility. Cardano’s ADA jumped 5% after a 70 million ADA governance proposal aimed at boosting on-chain activity passed, while Ether rose 4% following the Fusaka upgrade, designed to improve Ethereum’s capacity to handle growing transaction volumes from layer-2 networks.
Market positioning remains fragile following a sharp liquidation earlier in the week, though the market is attempting to form higher lows after late-November’s drawdown. Analysts at Bitunix identified $93,200 as the next key resistance level.
ETF flows highlighted a rotation toward Bitcoin, with $58.5 million inflows into BTC funds, while Ether products saw $9.9 million in outflows. Macro developments added to sentiment, as President Trump signaled tighter Fed oversight, with Kevin Hassett viewed as a dovish nominee, suggesting a potentially more accommodative 2025 policy despite persistent inflation.
Institutional adoption continues to grow: Vanguard opened crypto ETF trading to clients, and Bank of America recommended allocating 1%–4% of portfolios to digital assets. Overall crypto market capitalization rose to $3.15 trillion, forming a higher local peak while remaining below the $3.38 trillion threshold.
