Crypto Globe Gazette

Santa Rally Incoming? $BTC is trading around $90,000, with a key metric turning bullish. Short liquidations are mounting, and chart patterns suggest a potential $120,000 target. Bulls must defend $84,000 and crack $100,000 first. Tactical flows, not headlines, could drive year-end gains.
Context in a Nutshell
Bitcoin's price has recently pushed toward $90,000, reigniting talk of a year-end "Santa rally" with potential upside targets reaching $120,000. Analysts point to a bullish derivatives regime score and a pattern breakout structure that could fuel a strong seasonal rally, especially as forced short liquidations add tactical upside pressure.
That said, the market isn't one-directional: resistance near $98,000–$100,000 and the need to hold support above $84,000 remain critical tests for sustained momentum.
What You Should Know
Bitcoin is trading near $90,000 and is stirring renewed "Santa rally" speculation, with some analysts setting targets as high as $120,000 based on technical patterns and market structure.A key derivatives and on-chain metric, the Regime Score, has turned bullish and is not yet overheated, suggesting tactical upside remains.The move has been supported by short liquidations that have dominated price action, creating upward pressure as bearish bets are flushed.Technical structures, such as a bullish "megaphone" pattern, point to measured targets near $120,000 if the breakout holds, though resistance at $100,000 remains a major inflection point.Critical support for bulls remains in the $84,000–$85,600 range; losing this zone could shift the narrative back toward consolidation or a deeper correction.
Why Does This Matter?
A successful Santa rally would signal growing tactical demand in a market that has been range-bound much of December, showing that derivative flows and chart structures still drive episodic rallies even amid macroeconomic uncertainty. If bulls can maintain key supports and steadily clear overhead supply zones, the narrative shifts from consolidation toward potential reacceleration.
Bitcoin's year-end price action may hinge less on macro headlines and more on liquidity, structure, and positioning dynamics, where technical breakouts unleash tactical upside into early 2026.
#bitcoin #BTC #CryptoMarket

U.S. lawmakers propose a crypto tax break for stablecoin payments ≤ $200 and a 5-year deferral on staking and mining rewards, a major push to modernize digital asset taxation, and remove "phantom income" penalties.
Context in a Nutshell
In a landmark bipartisan move, U.S. Representatives Max Miller and Steven Horsford introduced a draft bill designed to modernize crypto taxation for everyday users. The proposal would exempt small stablecoin payments (≤ $200) from capital gains taxes, provided the stablecoin is dollar-pegged and regulated under the GENIUS Act. It also offers a five-year deferral option for staking and mining rewards, easing the long-standing "phantom income" problem.

These measures reflect a growing recognition in Washington that the current tax regime, designed for securities and traditional assets, doesn't align with how digital assets are used today. Additional provisions would align the treatment of digital assets more closely with that of other financial products by adopting wash-sale and mark-to-market accounting rules.
What You Should Know
U.S. lawmakers have unveiled a bipartisan tax proposal to ease the crypto tax burden for everyday users, focusing on small stablecoin payments and staking/mining rewards.The draft bill, introduced by Representatives Max Miller (R-OH) and Steven Horsford (D-NV), seeks to amend the Internal Revenue Code to reflect the use of digital assets in ordinary transactions.Under the proposal, stablecoin transactions of up to $200 would be exempt from capital gains taxes if the coin is dollar-pegged, regulated under the GENIUS Act, and remains tightly priced near $1.The bill also allows taxpayers to defer recognition of income from staking and mining rewards for up to five years, rather than taxing them immediately upon receipt, addressing long-standing "phantom income" issues.Additional technical provisions would extend wash-sale rules to crypto, allow mark-to-market accounting, and adjust the tax treatment of certain digital-asset lending arrangements.
Why Does This Matter?
If enacted, this bill would significantly reduce friction to everyday crypto adoption, especially for retail users and builders. Exempting small stablecoin payments could make crypto practical for real-world use (like grocery or coffee purchases) without triggering complex tax events for minor transactions. Meanwhile, deferring taxes on staking rewards would remove a major disincentive to participate in proof-of-stake networks, potentially boosting network security and participation.
This is the first time a major federal tax draft has seriously aligned digital-asset tax policy with actual use cases, not just investment accounting, a potential game-changer for crypto mainstreaming in the U.S.
$USDC $ETH $BNB #cryptotax #Stablecoins #staking

Market isn't scared enough to call a bottom yet. Social optimism still outweighs panic, even as $BTC slides. Santiment says a drop toward $75,000 is still possible before true fear peaks. Fear precedes bottoms, and we're not there yet.
Context in a Nutshell
Despite Bitcoin's slide and fear indicators lingering in the low zones, sentiment data suggests the market isn't exhibiting the maximum fear typically seen at genuine price bottoms. Analysts at Santiment note that current social media chatter leans toward premature optimism and shallow fear, rather than the deep anxiety that marks capitulation phases. This has led some observers to suggest Bitcoin's next stop could be lower, potentially toward $75,000, before genuine despondence signals a true low.
What You Should Know
Cryptocurrency sentiment data shows the market isn't "scared enough" to confirm a true bottom yet, suggesting Bitcoin and the broader crypto market may have further downside ahead.Sentiment platform Santiment founder Maksim Balashevich says optimism on social channels, not fear, dominates, and that's not typical near bottoms.Fear indicators, including the Crypto Fear & Greed Index, are in Deep Fear territory, but analysts argue they haven't hit the extreme extremes seen at historical bottoms.Because traders online aren't exhibiting maximum fear, Santiment suggests Bitcoin could still slide toward $75,000 before a real low forms.This aligns with broader psychological trends: spikes in fear often precede market inflection points, while premature optimism can signal continued weakness in the trend.
Why Does This Matter?
Sentiment is not price, but it often shapes price psychology. When traders aren't sufficiently afraid, and optimism persists in the middle of a downtrend, markets usually continue to decline as fear slowly builds. Traditional sentiment signals, such as the Crypto Fear & Greed Index, may be low, but behavioral data indicate the crowd isn't yet in capitulation territory. This divergence between fear metrics and social mood may imply more room to run on the downside before a durable bottom arrives.
In volatile markets, fear precedes bottoms, and right now, fear hasn't peaked. Until it does, caution remains the dominant currency.
#bitcoin #crypto