On a volatile Friday session, the crypto market is extending losses as Bitcoin slides under $92,000 and major tokens drop roughly 5–10%. Selling pressure is being linked to concerns that the Bank of Japan may raise interest rates at its December 18–19 meeting, draining global liquidity and weighing on risk assets. Analysts are watching downside levels around $86,000 with potential sweeps toward $78,000–$80,000 and even $74,000, while the December 19 options expiry adds another layer of volatility.

Bitcoin’s recent pullback has unsettled traders, but Anthony Pompliano and Raoul Pal argue it remains a correction within an ongoing bull market. They expect institutional accumulation, cooling inflation, and potential Federal Reserve rate cuts to support a strong Bitcoin advance into 2025–2026. Pal also points to a prospective global liquidity surge and regulatory clarity as key drivers, with an altcoin rotation potentially emerging in 2026.

Market expectations for a Federal Reserve rate cut in December have surged to 71%, up from 30-40% earlier this week, CME FedWatch Tool data show. New York Fed President John Williams said monetary policy operates at a "modestly restrictive" level with room to move toward neutral, while minimizing concerns about tariff-driven inflation. Fed officials remain divided on the appropriate policy path, with some favoring no change and others open to further reductions.