Bitcoin Rises Above $91,000 as Traders Brace for Federal Reserve Decision and Jobs Data
On December 8, 2025, Bitcoin traded around $91,950, marking an increase of 1.8% for the day and 5.3% for the month, recovering from approximately $85,000 earlier in December.
Market liquidity remains thin, with order books wiped out since an October 10 event and market makers showing reluctance to re-enter significantly. October experienced a $19 billion leveraged wipeout in the crypto markets.
Investors are currently awaiting the Federal Reserve's final rate decision of the year and the conclusion of quantitative tightening (QT), which ended on December 1. Initial jobless claims are forecasted to rise to 221,000 from 191,000.
A potential rate cut to the Federal funds rate is seen as a possible catalyst for a rally in risk assets including cryptocurrencies. Given the end of QT, markets could rally if such a rate cut occurs.
Meanwhile, gold and silver have risen as Bitcoin remains sensitive to macroeconomic shocks, more so than U.S. equities.
Price data was sourced from CoinGecko, and jobless-claims forecasts come from MarketWatch.
