The crypto market is messy, volatile, but far from broken.
Total market cap is hovering around $3.1–3.2T, with $BTC trading in the $93K–94K range after a violent pullback from the October highs above $126K.
This has been the sharpest correction since the last bear market and wiped out a lot of early-year optimism.
Macro hasn’t helped either tariffs, stretched AI equities, and a broader risk-off tone have dragged crypto along with trad markets.
That said, this doesn’t feel like distribution.
Selling pressure from long-term holders is easing, liquidity conditions are improving, and December historically favors stabilization rather than collapse.
The Fed’s recent 25bp cut pushed BTC back above $94K briefly, once again proving how sensitive crypto still is to monetary policy.
Institutional adoption remains the real backbone here. Regulatory clarity in the U.S. especially around stablecoins and BTC’s commodity status continues to pull in serious capital.
Alts are mixed. $ETH is quietly strengthening with upgrades and ETF flows, while $SOL and $XRP are rebuilding after heavy drawdowns.
Volatility stays high, but if macro cooperates, a move toward $100K+ into year-end is still very much in play.
