Bitcoin gains 2.37% despite lack of new catalysts driving momentum

Bitcoin price today

Bitcoin price stood at $92,350 on December 12 (10:43 a.m IST), which is a 2.37 percent jump in the last 24 hours, following the US Fed’s rate cut by 25 basis points (bps). In the morning session, the world's largest cryptocurrency fell as low as $91,507 and reached a peak just above $93,438.

As per the CoinDCX research team, the year 2025 witnessed 117 companies add Bitcoin to their reserves, though the adoption momentum collapsed by year-end, falling from 53 additions in Q3 to just 9 in Q4. The crypto tokens have been maintaining an ascending consolidation that keeps bullish hopes alive.

"With the rate cut already priced in, no new macro catalyst is driving momentum. In the near term, BTC is likely to move sideways between $88K-$94K as selling pressure eases, but buyers remain cautious. Holding above $88K should help stabilize the market, while a breakout above $94K–$96K will require stronger inflows or meaningful positive news," CoinSwitch markets desk stated in a daily brief.

The volatility has been observed across other tokens, too, with ETH up 5.51 percent, ADA down 2.24 percent, SOL up 4.73 percent, XRP up 1.05 percent, and BNB up 2.23 percent in the past 24 hours. Check out the prices of top cryptocurrencies on December 10 as of 5.52 am (IST).

The top gainers for the day are Zcash, MYX Finance, and Memecore, which jumped by over 16.35 percent, 12.23 percent, and 10.58 percent, respectively," according to CoinDCX Research Team.

Check out the cryptocurrency prices on December 12, as of 10:43 a.m (IST).

How is Bitcoin performing? 

“When the world’s largest central bank lacks consensus, risk assets, including crypto, respond immediately to shifting expectations. Volatility in emerging-market currencies further reflects how quickly global capital reacts to these policy swings.

“The renewed inflation pressures in economies such as Australia show that price stability remains challenging, forcing central banks to balance growth risks. These conflicting forces increase global uncertainty and strengthen the case for non-sovereign assets," said Nischal Shetty, Founder, WazirX.

According to Riya Sehgal, Research Analyst at Delta Exchange, crypto markets gained 2.7 percent over the past 24 hours, supported by regional equities and a recovery in risk appetite, while total market capitalization reached $3.23 trillion. Spot ETF activity shows early signs of stabilization after weeks of outflows, suggesting easing redemption pressure and potential return of institutional demand toward year-end.

"Bitcoin is trading steadily near $92,000 as markets digest the Fed’s rate cut alongside its plan to inject liquidity by purchasing $40 billion in Treasury bills each month. While this liquidity boost will have a stronger long-term impact, near-term sentiment is also improving, supported by renewed institutional flows," said Akshat Siddhant, Lead Quant Analyst, Mudrex.

What’s happening in the crypto market?

• Terraform Labs co-founder Do Kwon has been sentenced to 15 years of imprisonment after pleading guilty. 
• Revolut and Trust Wallet teamed up to offer instant Bitcoin and crypto purchases in the EU.
• YouTube now allows US creators to receive payouts in crypto stablecoins. 
• The SEC approved the DTCC plan to tokenize stocks, bonds, and treasuries.
• The CFTC announces the withdrawal of outdated crypto guidance. 
• Coinbase allows users to trade all Solana tokens through DEX without official listings.