šØ CRYPTO MARKET ALERT: Bitcoin Struggles at $90K While Altcoins Bleed š
$BTC remains trapped between $88K-$94K for the past week despite Fed's 25bps rate cut CoinDesk. The expected bullish catalyst failed to ignite momentum as traders had already priced in the cut before announcement Fast Company.
š Market Snapshot:
Altcoin Season Index crashed to record low of 16/100 CoinDesk - signaling extreme Bitcoin dominance. Tokens like $JUP, $KAS, and $QNT posted double-digit weekly losses CoinDesk.
ā ļø Key Concerns:
Bank of Japan set to hike rates to 30-year high CoinDesk, threatening yen carry trades that fund crypto positions. AI bubble worries dragged $BTC below $90K as Broadcom fell 10% CoinDesk.
š Silver Lining:
Privacy coins outperforming - $ZEC surged 17% and is up 600% YTD CoinDesk! $HYPE, $SUI, and $SOL seeing renewed capital inflows with rising open interest CoinDesk.
š® What's Next?
Total crypto market cap at $3.23T with RSI at 34 (approaching oversold) CoinDCX. Short-term bounce likely if support holds at $3.20T-$3.25T zone.
ā” Strategy: Wait for confirmation before entering. Volatility expected in final weeks of 2025.
