On 12 December 2025, Bitcoin extended its pullback toward the mid-$80,000 area after failing to maintain levels above $91,800, placing renewed focus on nearby support and resistance zones. Analysts are watching the $89,500 local low and a possible retest of $80,000, while on-chain trader realized losses sit near -18%, suggesting pressure on short-term holders but not yet signaling deep capitulation. Market sentiment remains divided as Ethereum’s recent strength draws attention and traders weigh whether Bitcoin can reclaim lost ground after the FOMC meeting.

On December 11, 2025, dYdX launched its first spot markets, allowing U.S. traders to access Solana-based spot trading for the first time. dYdX Labs said all spot trading fees will be waived for the entire month of December, and the platform cites more than $1.5 trillion in cumulative derivatives trading volume since launch.

On 11 December 2025, Cardano’s ADA fell around 10%, breaking below $0.45 and testing support near $0.43 amid broad crypto market weakness following the Federal Reserve’s rate cut, according to the article. Within the ecosystem, the Midnight network’s NIGHT token slid more than 80% from a speculative peak near $150 to about $0.05 as airdrop recipients rushed to sell. Derivatives data shows that roughly 54% of active ADA positions are now short, pointing to increasingly bearish sentiment. Analysts say buyers would likely need to reclaim the $0.438–$0.440 band to signal that the current sell-off is easing.

Bitcoin dropped under $90,000 as overall crypto market capitalization moved toward $1.786 trillion amid weakening activity and fragile momentum. On December 10, spot Bitcoin ETF inflows reached $223.5 million, largely into BlackRock's IBIT, while GBTC saw outflows and other funds attracted limited interest, according to analysts. Whale positioning turned defensive, and more than $170 million in BTC long positions were liquidated in a single day.

On 11 December 2025, Coinbase is introducing in-app access to Solana-based decentralized exchange liquidity, allowing users to fund swaps with USDC or standard payment methods without passing through its custodial infrastructure. The rollout advances a hybrid model in which Coinbase’s app provides the interface while trades settle on chain, with token coverage to be expanded gradually following the initial listings.

On 11 December 2025, Coinbase Institutional said the crypto market’s reset after October and November could set up a year-end rebound. Its internal leverage indicator fell from double-digit levels to roughly 4%. ETF outflows and lower futures open interest are framed as risk compression rather than investor exit.

On 10 December 2025, Bitcoin climbed back toward $94,000 in mid‑week trading after the U.S. Federal Reserve cut rates by 0.25%. The advance came after a volatile November and early December. Derivatives data showed over $63 million in liquidations, and technical indicators including RSI and MACD pointed to improving momentum. Bitcoin's market capitalization hovered near $1.87 trillion, backed by 24‑hour trading volume above $63 billion.

According to the article, France’s AMF has updated its complex-instruments framework to allow crypto-indexed ETNs for retail buyers without the previous heavy warning labels. More than €2.5 billion has flowed into European crypto notes this year, and CoinShares has attracted over $1 billion. Nordea plans to list a Bitcoin ETN in December.

On 10 December 2025, JPMorgan said Bitcoin’s pullback from record levels, including last month’s drop to around $81,000, is a cooling of an overheated rally rather than the start of a new crypto winter. The bank cited a market capitalization decline of more than 20% alongside 17 consecutive months of increasing stablecoin settlement volumes as evidence that underlying activity remains resilient. Standard Chartered’s Jeffrey Kendrick also argued this cycle differs from past boom-and-bust episodes because of deeper institutional, structural, and technological development. Bitcoin is trading near $93,000, with technical indicators showing early signs of price stabilization.