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 where markets have 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 fell.
Crypto markets followed the broader tone. Bitcoin is up 2% in the last 24 hours and has risen more than 6% over the past week, extending last week’s bounce but encountering early resistance near the $94,000 area.
FxPro analyst Alex Kuptsikevich said on Friday that the latest rally still fits within the corrective pattern, adding that the price could rise towards $98,000-$100,000 if the momentum is maintained.
Ether gained 3% to trade near $3,135, outperforming most major currencies on the day and posting a 10.6% advance over the past week. BNB added 1%, Solana rose around 1.6%, Lido’s stETH rose almost 3% and XRP traded around $2.08 after a 1.2% rally. Cardano led the declines at the upper level, falling around 1.4% on the day.
The underlying sentiment remains cautious despite the rally. CryptoQuant’s Bull Score fell to zero for the first time since early 2022, a reading the company associates with phases of the bearish cycle.
CEO Ki Young Ju warned that without new liquidity the market could fall into a deeper slowdown, with internal models pointing to the $55,000 to $70,000 range as likely territory next year.
K33 Research pointed to medium-term catalysts that could buck that trend, including expected changes to 401(k) rules by early 2026 that may open retirement flows to bitcoin. Meanwhile, Ethereum developers completed the Fusaka hard fork, introducing updates aimed at network scalability and efficiency.
Broader macroeconomic conditions remain the key factor. The muted tone for stocks on Monday reflects the lack of new catalysts as traders wait for the Fed and assess whether easing will be enough to broaden risk appetite.
Bitcoin’s recent pattern reflects pullbacks from previous cycles in 2013, 2017 and 2021, Kuptsikevich said, noting that the market has already absorbed a significant two-month drawdown heading into the December policy window.
