Bitcoin and the broader crypto market are in a choppy pullback, as traders monitor whether BTC can hold the $90,000–$91,000 support zone. “The short-term setup has shifted into a choppy pullback,” one trader said, reflecting ongoing market caution.
On Thursday, major tokens gained up to 5% as Bitcoin hovered above $93,000. Analysts warned the move could be a “fake-out” amid continued volatility. Cardano’s ADA jumped 5% after a 70 million ADA governance proposal aimed at boosting on-chain activity was approved, while Ether rose 4% following the Fusaka upgrade, which improves Ethereum’s handling of growing layer-2 transaction volumes.
Market positioning remains fragile after a sharp liquidation earlier in the week, though the market is attempting to form higher lows following late-November’s drawdown. Bitunix analysts identified $93,200 as the next key resistance.
ETF flows showed $58.5 million into Bitcoin funds, contrasted with $9.9 million in Ether outflows, signaling continued institutional preference for BTC amid macro uncertainty.
Macro developments added to market sentiment. President Trump hinted at tighter Fed oversight, with Kevin Hassett as a likely dovish nominee, potentially supporting a more accommodative 2025 policy despite persistent inflation.
Institutional adoption is also rising: Vanguard opened crypto ETF trading to clients, and Bank of America suggested allocating 1%–4% of portfolios to digital assets. The overall crypto market cap climbed to $3.15 trillion, showing early signs of trend formation while remaining below the $3.38 trillion threshold.
