Bitcoin shows upward trend amid Fed rate cut cheer

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Bitcoin stood just above $92,420 on December 10, as of 5:52 am (IST), which is a 1.79 percent jump in the last 24 hours, as investors await the US Fed rate decision tonight. In the morning session, the world's largest cryptocurrency fell as low as $92,316 and reached a peak just above $94,160.

"BTC broke above $94K after an extended consolidation phase driven by concentrated whale inflows and a short-squeeze dynamic. The move was followed by a mild pullback toward $93K, suggesting profit-taking ahead of the Fed's expected 25 bps rate cut. Loose financial conditions could support renewed risk appetite, with BTC holding key support near $93K and upside opening above $94.5K. A strong breakout could target $95K–$97K post-FOMC," CoinSwitch Markets Desk said on a daily brief.

Bitcoin has historically softened ahead of the US Fed announcements and turns volatile as traders react to their guidance. Traders are now pricing in an 88.6 percent chance of a December rate cut by the Federal Reserve. The US Fed chairman, Jerome Powell, is scheduled to announce the outcome of the policy meeting tonight (December 11, 2025) at around 00:30 am IST.

"More than 403,000 BTC have moved off exchanges this week, tightening supply and amplifying price reactions when demand rises. While a 25bps cut is largely priced in, the real focus is on the Fed’s outlook for 2026. A dovish tone could sustain momentum within the $93,000–$95,000 range, whereas a more cautious stance may pull BTC back toward $88,000," said Akshat Siddhant, Lead Quant Analyst, Mudrex.

The volatility has been observed across other tokens, too, with ETH up 5.51 percent, ADA 7.83 percent, SOL 2.97 percent, USDC is up 0.05 percent, while BNB is down 0.49 percent in the past 24 hours.

"Ethereum is displaying massive strength comparatively by surging over $3,300, suggesting the rising dominance of altcoins. Top gainers for the day include Zcash, which jumped by more than 12% followed by Dash by 9.91% and Memecore by 9.69%. Whereas Kaspa and Pi plunge by 2% and 1%, respectively, followed by altcoin with negligible loss," said CoinDCX Research Team.

Check out the prices of top cryptocurrencies on December 10 as of 5.52 am (IST).

Nischal Shetty, Founder of WazirX, said the global macro landscape has delivered several signals shaping the outlook for digital assets in the past 24 hours. Rising global debt near historic highs is amplifying concerns about the durability of traditional financial systems.

As economies rely on continuous credit expansion to sustain growth, confidence in fiat structures weakens, thereby strengthening the long-term appeal of crypto’s fixed, transparent monetary design. At the same time, expectations of tighter monetary policy are reducing liquidity across global markets.

Higher interest rates typically draw capital away from growth-oriented assets, and crypto often moves in tandem with these liquidity shifts. Near-term price action is therefore likely to remain highly sensitive to central-bank communication and macroeconomic data.

Additional pressures from energy markets and widening trade imbalances point to uneven global performance, pushing investors toward assets not tied to any single economy. Digital assets benefit from this search for resilience. Bitcoin and Ethereum face short-term pressure as tighter liquidity and rising rates curb risk appetite.

Still, the long-term conditions of expanding global debt and economic imbalances strengthen their appeal as alternative stores of value. Near-term volatility is likely while the broader structural trend remains supportive for both assets, said  Shetty.