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Bitcoin Steadies Around $91,300 as Crypto Market Sentiment Remains Cautious

Bitcoin Steadies Around $91,300 as Crypto Market Sentiment Remains Cautious

Market trades cautiously as Bitcoin stays range-bound and investors await this week’s US Fed policy signal.

Written by Rahul Dhingra, Edited by David Delima | Updated: 8 December 2025 12:51 IST

Bitcoin Steadies Around $91,300 as Crypto Market Sentiment Remains Cautious

Photo Credit: Unsplash/Kanchanara

Crypto market stays cautious as traders eye policy cues and wait for clearer momentum

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Highlights

Cautious sentiment persists as traders stay defensive before Fed meeting
Liquidations set the stage for a potential market rebound
Altcoins show mixed action with Solana, XRP and BNB edging lower

Bitcoin traded around $91,300 (roughly Rs. 82.3 lakh) on Monday as the crypto market moved cautiously ahead of the US Federal Reserve's rate decision, which is expected this week. The asset briefly slipped toward the lower end of its range over the weekend before recovering above the $90,000 (roughly Rs. 81.1 lakh) mark. Analysts say persistent ETF outflows, cooler spot demand and defensive derivatives positioning reflect a market waiting for macro clarity. Ethereum (ETH) traded around $3,133 (roughly Rs. 2.83 lakh). As per the Gadgets 360 tracker, Bitcoin is priced near Rs. 82.3 lakh in India, while Ethereum trades close to Rs. 2.83 lakh.

Crypto Traders Awaits Clear Macro Trigger

Altcoins saw mild pullbacks in the last 24 hours, with Solana (SOL) trading at $135 (roughly Rs. 12,180), XRP hovering at $2.07 (roughly Rs. 187), and Binance Coin (BNB) moving near $902.18 (roughly Rs. 81,300). Meanwhile, Dogecoin (DOGE) was trading at $0.14 (roughly Rs. 12.7) on Monday.

Vikram Subburaj, CEO of Giottus, said market sentiment remains cautious as traders await policy signals. “A growing share of supply has slipped back into loss, spot demand has cooled, and ETF outflows have been persistent. At the same time, derivatives positioning remains defensive with flat funding and lower open interest ahead of the FOMC meeting [...] The expectation of a 25 bps rate cut is already priced in. So, the tone of the Fed's guidance could matter more than the action itself. For investors, this is a range-bound market.”

CFTC Clears Path for Spot Crypto Trading on Regulated US Platforms

Piyush Walke, Derivatives Research Analyst at Delta Exchange, said volatility increased after key macro comments. “After stabilising near $90,000 (roughly Rs. 81.1 lakh), Bitcoin slid to $88,000 (roughly Rs. 79.3 lakh) following Kevin Hassett's speech, which triggered nearly $500 million (roughly Rs. 4,507.5 crore) in liquidations [...] Ethereum, which pushed above $3,200 (roughly Rs. 2.8 lakh) yesterday, has dropped to just above $3,000 (roughly Rs. 2.7 lakh) [...] Overall sentiment remains uncertain, with a major move likely after the Fed's rate-cut decision.”

Akshat Siddhant, Lead Quant Analyst at Mudrex, said leverage resets and supply trends may favour a bullish turn. “More than $300 million (roughly Rs. 2,704.5 crore) in liquidations helped reset leverage, creating a healthier setup for further upside [...] If the Fed proceeds with a rate cut this week, a “Santa rally” becomes increasingly likely, pushing BTC toward the $100,000 (roughly Rs. 90.1 lakh) mark. On the downside, $87,500 (roughly Rs. 78.8 lakh) remains a key support zone, keeping the broader outlook constructive.”

Bitcoin's current structure reflects a market balancing caution with improving underlying metrics. BTC must hold above $90,000 (roughly Rs. 81.1 lakh) to maintain near-term stability, while a move above $94,500–$95,000 (roughly Rs. 85.2 lakh–Rs. 85.6 lakh) could open a pathway toward the $100,000 (roughly Rs. 90.1 lakh) mark if macro conditions turn supportive.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Cryptocurrency Prices across Indian exchanges

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Further reading: Cryptocurrency, Bitcoin, Ethereum, Crypto in India

Rahul Dhingra

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Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More