Bitcoin has been trying to climb higher for days, but it keeps running into the same stubborn obstacle. The price was rejected again yesterday, resulting in a modest loss today.
The damage is limited for Bitcoin, but Ripple and Solana are taking a harder hit. This all unfolds on a day centered around the release of the U.S. Federal Reserve’s favorite inflation gauge.
BTC Price Spins in Circles #
The Bitcoin price has been attempting to break through the sell wall around $94,000 since Wednesday morning. The last time this level was touched was during the night from Wednesday to Thursday, although it did come close again yesterday during the day.
Bitcoin has been moving continuously between $92,000 and $94,000, but yesterday evening saw a brief dip to $91,000. The price almost immediately returned to its familiar range and has stayed there throughout the night.
The Bitcoin price over the last 24 hours. – Source: CoinGecko
It’s clear that $94,000 is the most important level to crack. If it succeeds, the price could march on to the next obstacle between $96,000 and $98,000. Here too, sellers will likely do everything they can to halt the rally.
For now, the price has been moving in an upward channel for two weeks, and a significant move can only be expected once it breaks out from this range.
#Bitcoin https://t.co/aEUaQIwK1i pic.twitter.com/IY2b7S9uuo
— Nebraskangooner (@Nebraskangooner) December 4, 2025
This afternoon at 2:30 PM Dutch time, the so-called PCE price index will be released. It shows how much more Americans are paying for goods and services, from groceries to healthcare costs. It is broader and more accurate than the well-known CPI because it accounts for how people change their spending when prices change.
It’s an important moment. If the figures come in lower, the Fed has less to worry about regarding inflation, has more room for interest rate cuts, and that is good news for the market. If the numbers come in higher, it could push prices down.
At the time of writing, the BTC price on crypto exchange OKX is $92,019. On the Dutch crypto exchange Bitvavo, the BTC price in euros is €78,928. Compared to 24 hours ago, BTC is down 1.35%.
XRP and Solana Lose a Few Percent #
Ethereum is showing a similar decline to Bitcoin, down 1.43%. Most other altcoins have taken a harder hit.
Especially Ripple and Solana are bruised. Ripple, better known as XRP, has fallen 4.39%, and Solana has lost 3.75%.
Furthermore, Dogecoin is down 2.38% and Cardano is down 2.51%.
Zcash, Bitcoin’s privacy-focused sibling, is leading the top 100 with a gain of 11.18%. Virtuals Protocol is the biggest loser with a drop of 6.52%.