Crypto prices today are showing signs of recovery as easing fed rate expectations and renewed risk appetite lift major assets.
The total crypto market capitalization has risen 2.4% to $3.1 trillion. Bitcoin traded at $88,590, up 1.6% over the past 24 hours. Ethereum rose 2.1% to $2,942, while XRP jumped 8% to $2.24. Solana added 4.5% to reach $138.
Sui, Ethena, and Kaspa were among the top-100 tokens that posted double-digit gains. The Fear & Greed Index from Alternative edged up one point to 20, though it still sits in “extreme fear” territory.
According to CoinGlass’s on-chain data, liquidations totalled $344 million over the past day, a 57% increase, while total market open interest rose by 1.28% to $129 billion. Analysts warn that the market has not yet confirmed a sustained rebound despite the increase.
The rally is closely tied to comments from Federal Reserve officials, including governer Christopher Waller, New York Fed president John Williams, and San Francisco Fed president Mary Daly. Their dovish remarks pushed the odds of a December rate cut to roughly 85%, up from around 40% last week, as per CME FedWatch data.
Lower interest rates typically boost liquidity and make risk assets more attractive, and Monday’s U.S. equity rally, led by tech stocks like Google, appears to have supported a spillover into crypto.
The recovery also follows a technical reset. Bitcoin and major altcoins had slipped into oversold levels last week, prompting algorithmic and dip-buying flows. Leverage unwinding has also helped to stabilize the market.
In addition, following recent launches by Grayscale and Franklin Templeton, XRP and Dogecoin saw renewed interest and recorded some strong gains. The Monad network mainnet debut also boosted market activity.
Despite today’s gains, Bitcoin still faces resistance around $91,000, and sustaining the momentum of the crypto market will depend on holding the $3 trillion market cap.
A December rate cut and the end of quantitative tightening on Dec. 1, according to analysts, could provide liquidity, which could push Bitcoin towards $100,000 and support altcoin gains of 20-50%.
Real Vision analyst Raoul Pal forecasts that Bitcoin will surpass $100,000 in early 2026 and that it will rise significantly as liquidity gets better. Although volatility is still high, KuCoin Research predicts a year-end range of roughly $110,000.
A weaker outcome remains possible. A hawkish tone at the Dec. 17-18 FOMC meeting could pressure the market back toward the $80,000-$82,000 zone, with altcoins giving back another 10-20%.
