Bitcoin was trading at just over $91,300 on Monday, as Asian equity markets opened the week on a slight uptrend before a series of central bank announcements, including a Federal Reserve meeting with expectations for a 25-basis-point interest rate reduction.
The MSCI Asia equity benchmark increased by approximately 0.2%, driven by technology stocks, while US futures and the dollar experienced a minor decline.
In line with the overall market sentiment, crypto markets showed upward movement. Bitcoin rose by 2% in the last 24 hours and has increased over 6% in the past week, continuing its recovery from last week but facing initial resistance around the $94,000 mark.
FxPro analyst Alex Kuptsikevich noted on Friday that this recent recovery appears to fit a corrective pattern, suggesting that prices could reach the $98,000–$100,000 range if the momentum persists.
Ether climbed 3% to approximately $3,135, outperforming most major cryptocurrencies for the day and marking a 10.6% rise over the week. BNB increased by 1%, Solana by about 1.6%, Lido’s stETH rose close to 3%, and XRP traded around $2.08 after a 1.2% gain. Cardano, however, led the declines in the top tier, falling about 1.4%.
Despite the rebound, the underlying sentiment remains cautious. CryptoQuant’s Bull Score dropped to zero for the first time since early 2022, a level the company associates with bearish market phases.
CEO Ki Young Ju cautioned that, in the absence of new liquidity, the market could descend into a more significant slowdown, with internal models indicating a probable price range of $55,000–$70,000 next year.
K33 Research highlighted potential medium-term factors that could counteract this trend, including anticipated 401(k) rule changes by early 2026 that could channel retirement investments into bitcoin. Meanwhile, Ethereum developers have finalized the Fusaka hard fork, implementing upgrades aimed at enhancing scalability and network efficiency.
The overarching macroeconomic conditions remain a crucial driver. Monday’s subdued equity market reflects a lack of new catalysts as traders await the Federal Reserve’s decisions and assess if eased monetary policy will be sufficient to sustain risk appetite.
Kuptsikevich remarked that Bitcoin’s recent behavior parallels previous cycle corrections seen in 2013, 2017, and 2021, mentioning that the market has already incurred a significant two-month decline as it approaches the December policy window.
