Bitcoin traded near $90,000 on Tuesday as crypto markets paused ahead of the Federal Reserve’s final policy decision of the year. Analysts said rate cuts appear largely priced in, making Chair Jerome Powell’s guidance and the Fed’s projections the key drivers for Bitcoin’s next move. Derivatives positioning and ETF flows point to cautious, range‑bound trading.

Bitcoin is trading around $90,330 with reported volume above $43 billion ahead of the Federal Reserve’s December 10 policy meeting. Analysts are watching resistance at $91,892 and $100,793, with paths ranging from a breakout toward $100,000 to pullbacks to $78,000–$82,000 and even $70,000. BTC is up over 4% on the week but down about 2% in the past 24 hours.

California resident Evan Tangeman, 22, pleaded guilty to participating in a crypto laundering operation and admitted to moving about $3.5 million. The ring stole roughly 4,100 BTC valued at approximately $263 million and operated from October 2023 to May 2025, according to prosecutors. Tangeman is the ninth defendant to enter a plea.

Bitcoin's 2025 cycle drawdown is roughly -32% from its all-time high, with prices holding near the $90K area and about 88% of coins still in unrealized profit, according to Axel Adler Jr. Around 12% of supply is at a loss, compared with past bear markets that often saw -60–80% drawdowns and roughly 60% of coins underwater. The current pullback therefore appears comparatively mild versus previous bear phases in terms of both depth and the share of supply in loss.

Crypto investors are closely watching the US this week. Four key dates will shape interest rates, risk appetite, and price speculation. Bitcoin hovers around important levels, and headlines drive rapid re-pricings. Traders are reacting attentively, while portfolios are actively hedged.

Bitcoin (BTC) swung to new all-time highs in 2025 before retracing as much as 30%, fueling debate over whether a bear phase has already played out. Market analyst Shanaka Anslem argues the cycle inverted when BTC topped its prior peak before the April Halving and characterizes 2024 as "political repricing," according to a post on X. He sees 2025 displaying bear-market traits and a path to $150,000–$200,000 in 2026, while other analysts caution prices could still slip toward $54,000–$60,000.

Santiment said Monday that a net 403,200 BTC—about 2.1% of total supply—has left centralized exchanges over the past year, even as Bitcoin trades below $90,000. Glassnode data show that only 14.7% of Bitcoin’s supply now sits on exchanges. Analysts point to mixed technical signals and a possible price floor between $74,000 and $77,000.

Since US spot Bitcoin ETFs debuted in January 2024, on-chain activity has cooled even as institutional allocations rose, according to financial analyst Jacob King. Market watcher Crypto Seth says net inflows into BlackRock and Fidelity's BTC ETFs have been muted since October 10, 2025, despite US equities trading near record levels and a shift in Federal Reserve policy. At the same time, Mintlayer and RioSwap are introducing infrastructure meant to route BTC directly into decentralized markets without wrapping, with the goal of preserving user control.