(December 13, 2025) Key Crypto News Summary
1. **Increased Bitcoin Price Volatility:** Affected by concerns over AI tech stocks (Disappointing Broadcom earnings) and the market reaction after the Fed's rate cut, Bitcoin briefly fell below $90,000 and is currently fluctuating around $92,000. 30-day implied volatility has fallen to its lowest level since November, with traders expecting sideways movement until the end of the year. Altcoins are performing even weaker, continuing to lag behind Bitcoin.
2. **Continued Impact of Fed Policy:** Following the Fed's third rate cut this week, the market is digesting signals of a "pause in further easing." Some Fed officials expect further rate cuts in 2026, but short-term risk assets (such as cryptocurrencies) are under pressure. The US dollar is weakening, but the crypto market has not yet seen a strong rebound.
3. **Major Coinbase Product Updates:** Coinbase is about to launch a prediction market powered by Kalshi and plans to announce new features such as tokenized US stocks at its December 17th event. This will expand its "all-in-one exchange" positioning, integrating traditional assets with crypto.
4. **Ethereum Network Upgrade Benefits:** Following the Fusaka upgrade, Ethereum gas fees have fallen to their lowest level since 2017, significantly reducing transaction costs and improving network efficiency and DeFi appeal.
5. **Divergent Institutional Views:** JPMorgan analysts lowered their 2025 Bitcoin price target but denied the arrival of a "crypto winter." Standard Chartered and other institutions have also adjusted their forecasts to around $100,000. Overall market sentiment is cautious, with the fear/greed index remaining low.
6. **Other Hot Topics:**
- Five crypto companies, including Ripple, Circle, and BitGo, are close to obtaining trust banking licenses.
- Multiple tokens unlocked this week, with a total value exceeding $237 million, potentially increasing selling pressure.
- Prediction markets and SportsFi (such as the SIXR cricket project winning an award) are active.
Overall Market: Bitcoin dominance is rising, altcoins are weak. Short-term focus is on speeches by Federal Reserve officials and year-end liquidity changes. Risk management is advised, especially regarding DYOR.
