Bitcoin appears to be fighting itself, with the price swinging sharply between peaks and troughs at a rapid pace. Yesterday, the cryptocurrency was rejected twice, leaving most of the market in the red today. However, there are exceptions: Bitcoin’s privacy-focused sibling, Zcash, is once again stealing the spotlight.
BTC Price Bounces Around #
The Bitcoin price has seen significant movement in recent days. After a highly volatile Sunday, yesterday was anything but dull.
The day began just above $91,000, but the peak was reached around lunchtime at $92,300, slightly higher than the previous day’s $91,800 high.
Similar to Sunday, a sharp decline followed. This time, sellers struck in the late afternoon as U.S. stock markets opened. In 45 minutes, the price fell 2% from $91,500 to a low of $89,650.
Bitcoin only climbed back in the evening, but hit a wall at $91,300 at 23:00. It has since returned to its starting point.
This morning, an even lower level of $89,570 was reached, and it could dip further toward $88,000.
#Bitcoin LTF plan 📈 LTF channel holding for now, but signs of weakness starting to show. A break and close lower than yesterdays low and I thin $BTC is going to revisit 87K before the FED meeting.#Crypto #BTC https://t.co/yLtKj4f85B pic.twitter.com/tsK7PoFzeE — AlphaBTC (@mark_cullen) December 9, 2025
This afternoon, new U.S. labor market data will be released. At 16:00 (Dutch time), the U.S. Department of Labor will publish the JOLTS report.
The key component is the number of job openings. The labor market has been cooling for some time, and fewer vacancies would reinforce this trend. This increases pressure on the central bank to cut interest rates, which would typically be beneficial for crypto by bringing more liquidity and risk appetite into the market.
At the time of writing, the BTC price on OKX is $89,887. On the Dutch exchange Bitvavo, the BTC price in euros is €77,215. Compared to 24 hours ago, BTC is down 1.69%.
Ethereum and Altcoins Hold Firm #
Bitcoin has dragged the rest of the market into the red. However, altcoins are holding up surprisingly well compared to Bitcoin. Many large coins show smaller losses.
For example, Ethereum has lost 0.77%, Ripple 1.40%, and Cardano only 0.08%. Solana is performing slightly worse with a 2.02% loss. Bitcoin Cash, the eleventh-largest coin, is one of the biggest losers with a 5.13% drop.
Zcash, a coin launched in 2016 to improve Bitcoin’s privacy, leads the top 100 with a 15.30% gain.