The bitcoin price surged yesterday, but a significant portion of those gains has already been erased. While a pullback is normal after such a explosive move, it’s a setback from a technical analysis perspective, as the door to a further recovery had seemed to open.
Ethereum, in particular, along with many other altcoins, posted even stronger gains yesterday and managed to hold onto them remarkably well.
Photo: Domenico Fornas/Shutterstock
Unexpected BTC Sprint #
Bitcoin is still worth significantly more than it was yesterday, thanks entirely to a late-afternoon sprint. For most of the day, the price was unremarkable.
The bitcoin price mostly fluctuated between $90,000 and $90,600, which felt like a major disappointment given its higher position the day before. On Monday evening, the largest crypto was trading above $91,300, and even surpassed $92,000 in the morning.
After 4:00 PM, that disappointment was forcefully pushed aside.
In about two hours, the bitcoin price climbed from $90,200 to a peak of $94,600—a rise of nearly 5%. $94,600 is the highest level since November 17, over three weeks ago.
The rapid ascent was primarily driven by leveraged traders who had bet on price declines. When the price moved in the opposite direction, they were forced to buy back their positions en masse, triggering a snowball effect that further fueled the rally.
Yesterday, it seemed bitcoin was finally breaking free from the downtrend line it had been hitting for two months. This could have officially marked the end of the downtrend. However, with the pullback to around $92,000, the situation remains tense.
Bitcoin Update: The daily close was not above the downtrend line. The downtrend breakout attempt is still in progress. Simply maintaining the current price around $92,000 to $93,000 would break the downtrend line within a few days, but ideally we get a big move over the next… — PlanC (@TheRealPlanC) December 10, 2025
At the time of writing, the BTC price on the OKX crypto exchange is $92,557. This brings the BTC price in euros to approximately €79,569. Compared to 24 hours ago, BTC is up 2.69%.
Ethereum Rallies Even Harder #
Bitcoin’s performance pales in comparison to what ethereum is showing. The largest altcoin is up 7.03% from yesterday. On Monday, it also gained significant ground against bitcoin.
Solana and Dogecoin are also faring better, with gains of 5.08% and 5.19%, respectively. Ripple can’t match that with its modest 1.92% increase.
Cardano is turning heads today with an 8.60% jump. The smaller memecoin Memecore leads the top 100 with a 13.58% surge.
New U.S. Interest Rate Decision #
Today is a very important day for investors. Tonight, the U.S. Federal Reserve will announce its new interest rate decision. At 8:00 PM CET, we’ll learn what will happen to the interest rate.
The decision itself is less significant, as a 0.25 percentage point rate cut is already widely anticipated. Cheaper money is good news for the markets, as it increases liquidity.
The press conference with Chairman Jerome Powell will be crucial. Will he keep the door open for more easing, or will he signal that it’s enough for now?