Bitcoin traded just above $91,300 on Monday as Asian stocks opened the week slightly higher ahead of a series of central bank decisions, including a Federal Reserve meeting in which markets largely priced in a 25 basis point rate cut.
MSCI’s Asian equity benchmark rose about 0.2%, led by technology, while U.S. futures and the dollar drifted lower.
Crypto markets followed the broader tone. Bitcoin is up 2% over the past 24 hours and over 6% over the past week, extending last week’s rebound but encountering early resistance near the $94,000 zone.
FxPro analyst Alex Kuptsikevich said on Friday that the latest rally still fits within the corrective pattern, adding that the price could push between $98,000 and $100,000 if the momentum continues.
Ether gained 3% to trade near $3,135, outperforming most majors on the day and posting a 10.6% advance over the past week. BNB added 1%, Solana rose about 1.6%, Lido stETH climbed almost 3%, and XRP traded around $2.08 after a 1.2% rise. Cardano led the declines in the upper segment, falling around 1.4% on the day.
Underlying sentiment remains cautious despite the rebound. CryptoQuant’s Bull Score fell to zero for the first time since early 2022, a reading the company associates with downcycle phases.
CEO Ki Young Ju warned that without new liquidity, the market could slide into a deeper downturn, with internal models pointing to the $55,000-$70,000 range as likely territory next year.
K33 Research highlighted medium-term catalysts that could counter this trend, including expected changes to 401(k) rules by early 2026, which could open up retirement streams to bitcoin. Ethereum developers, meanwhile, completed the Fusaka hard fork, introducing upgrades aimed at the network’s scalability and efficiency.
Broader macroeconomic conditions remain the key factor. Monday’s subdued tone in stocks reflects the lack of new catalysts as traders await the Fed and assess whether easing will be enough to increase risk appetite.
Bitcoin’s recent trend reflects pullbacks from previous cycles in 2013, 2017 and 2021, Kuptsikevich said, noting that the market had already absorbed a significant two-month pullback heading into the December policy window.
