Today, December 9, 2025, the #crypto market experienced a strong afternoon rally, pushing most major cryptocurrencies into significant positive territory after an earlier dip. Bitcoin, Ethereum, and Solana have all registered notable gains over the past 24 hours in USD terms.
#market Performance
Bitcoin (BTC): Trading at around $93,980.74, Bitcoin has surged over 3.68% in the last 24 hours, re-taking the $94,000 level in U.S. morning action.
Ethereum (ETH): Ethereum has seen an even larger increase, trading at approximately $3,378.42, a gain of over 8.11% today. Institutional accumulation and expected Fed rate cuts are cited as drivers for its rebound.
BNB (BNB): The price of BNB is approximately $918.32, marking a gain of over 2.3% on the day.
Solana (SOL): Solana has been a top performer, trading at roughly $143.45, with a significant gain of over 7.64% in the last 24 hours.
XRP (XRP): XRP is priced at approximately $2.15, an increase of over 3.7% today. Legal clarity and expected ETF inflows are fueling renewed institutional demand.
Dogecoin (DOGE): Dogecoin is trading around $0.15, also reflecting a gain of over 5.7% in today's trading.
Avalanche (AVAX): Avalanche is priced at approximately $13.58, showing a more modest gain of around 0.87% over the past 24 hours.
Key Observations & #news
The initial dip in the market may have been short-lived as "crypto shorts" were "rekt" (liquidated) by the sudden spikes in price, potentially driven by deeply defensive positioning by traders ahead of the anticipated Federal Reserve interest rate cut decision tomorrow. The expected rate cut, with odds rising to 95% on some platforms, is generally seen as bullish for riskier assets like cryptocurrencies.
However, Standard Chartered has slashed its 2025 Bitcoin price target in half, from previous high forecasts to a more modest $100,000 for the year-end, citing slowing ETF inflows and an end to corporate buying as reasons.
We can also look at the performance of these cryptocurrencies over the past week to see how today's gains stack up against the broader trend. Would you like that comparison?
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