On Wednesday, Federal Reserve Chair Jerome Powell used a press conference to explain the rationale for a 25bps rate cut and to lay out a plan to buy roughly $40 billion in Treasury bills to keep bank reserves ample. He said tariff-driven goods inflation appears to be a one-off shift in the price level, while rising labor‑market risks now outweigh inflation concerns, opening the door to further easing. This policy pivot and the planned liquidity injections are viewed as creating a more supportive macro backdrop for Bitcoin and other digital assets heading into 2026, according to the press conference remarks.

Arkham reports that SpaceX transferred $94 million in Bitcoin this week, extending nearly two months of weekly BTC moves of around $100 million. The firm’s dashboard shows holdings of about 3,991 BTC, valued at roughly $369 million. In the latest transaction, $37.66 million went to a new address, while $56.82 million was recorded as change.

Several tokens launched in Q1, including TRUMP, MELANIA, Layer, Plume, GoPlus Security, and Bubblemaps, have fallen 86%–99% from their issue prices as circulating supply surged, according to Tokenomist. In most cases, freely trading float roughly doubled within three months, intensifying selling pressure while capital rotated into Bitcoin, Ethereum, and real world asset tokens.

Two early Bitcoin wallets transferred a combined 2,000 BTC worth over $178 million on December 5. The wallets had been inactive since 2011 and 2012 before executing full-balance transfers. Data show the movements appear to be consolidation activity rather than immediate exchange deposits, occurring as Bitcoin traded near $89,300.

Wallets holding between 10 and 10,000 BTC accumulated 47,584 BTC in early December, reversing a two-month selloff of 113,070 BTC between October 12 and November 30, data show. The accumulation has stabilized price action. However, continued retail buying may limit upside momentum compared to previous accumulation-driven rallies when retail sold while whales accumulated.

The U.S. personal saving rate declined to 4.7% in September while inflation remained at 2.8% year-over-year, according to the Bureau of Economic Analysis. Real consumer spending showed zero growth during the period, marking one of the weakest consumption readings this year. Personal income rose 0.4%, driven by wage gains and dividend income.

Peter Schiff, a vocal cryptocurrency critic, launched T-Gold.com on December 4, enabling users to purchase physical gold and silver convertible into blockchain tokens. In a discussion with Binance founder Changpeng Zhao, Schiff acknowledged that tokenization enhances gold's transportability, divisibility, and fungibility while maintaining its store-of-value properties. Despite adopting blockchain infrastructure, Schiff maintained his skepticism toward digital currencies without physical backing.

Bitcoin's failure to break through $94,000 on December 3 has left more than a quarter of circulating supply in unrealized loss. On-chain data show the cryptocurrency fell below the 0.75 cost-basis quantile in mid-November, a threshold where three-quarters of supply remains profitable. The current structure presents elevated risk as price remains below critical cost-basis levels identified by quantile analysis.

The U.S. Commodity Futures Trading Commission authorized spot cryptocurrency trading on federally regulated exchanges for the first time. Acting Chairman Caroline D. Pham announced December 4 that CFTC-registered futures exchanges may now list spot digital assets under federal supervision. The decision ends decades of state-level-only oversight and opens institutional access to compliant spot crypto markets.