Bitcoin price above $91,300, crypto markets in green amid optimism over Fed rates — brief rebound or bear-run at end?

Key Highlights

• Meanwhile, in terms of market dominance, Bitcoin (BTC) remained the biggest token, holding 58.7% of the pie, but down a minor 0.28%; while Ethereum holds 12.1% of the share (up 0.1%), and other tokens hold 29.1% of the market (up 0.17%), CoinMarketCap data showed.
• Overall, the crypto market cap was back above the $3 trillion level at $3.11 trillion on 8 December, with 24-hour trading volumes at $113.09 billion.
• According to a CoinMarketCap analysis, the rise in the crypto market is due to: According to the CoinDCX Research Team, Bitcoin had a “bullish weekend”, rebounding from lows below $88,000 to above $91,000, while Ethereum stabilised over $3,000, XRP above $2, and Binance coin above $900.
• It however noted that Solana and Dogecoin are “stuck” around $135 and $0.14, respectively.
• Akshat Siddhant, Lead Quant Analyst at Mudrex also called it “bullish momentum” adding that over $300 million in liquidations helped reset leverage, creating a healthier setup for further upside.