Crypto Markets Update: Bitcoin Nears $90,150 Ahead of Federal Reserve Decision
As the Federal Reserve prepares to announce its decision on December 10, 2025, markets are pricing in a 25-basis-point rate cut. Despite this, risk assets could decline if no new catalysts emerge.
Bitcoin is trading near $90,150, slipping back from Monday's intraday high of $92,350 and down about 20% over the past 90 days. More than half of the top 100 tokens have fallen at least 40% during this period.
The altcoin-season index currently rests at a cycle-low of 18 out of 100, a sharp decline from the September 20 peak of 78. Among altcoins, HYPE dropped 8.6%, while STRK, QNT, and KAS declined roughly between 5.7% and 6.3% in the last 24 hours.
Derivatives markets show Deribit June expiry puts as low as $20,000 and calls above $200,000, mostly reflecting volatility plays. BTC and ETH puts are pricier than calls, with the presence of risk reversals and put diagonal spreads.
Futures and open interest indicate declining open interest in most major tokens. BCH's open interest is down 8%, while ZEC's open interest has risen 16% to 2.30 million ZEC, close to the December 4 record of 2.32 million.
Notable token prices include ZEC at around $408.90, DASH near $47.71, and BNB and BCH remaining relatively flat around $574.08. FET ranks among the worst performers, while TIA trades around $0.58, down about 67% over 90 days amid layoffs and lack of on-chain activity.
