Bitcoin traded just above $91,300 on Monday as Asian stocks opened the week slightly higher ahead of a slew of central bank decisions, including a Federal Reserve meeting where markets have largely priced in a 25 basis point rate cut.
MSCI’s Asia stock benchmark rose about 0.2%, led by technology, while U.S. futures and the dollar drifted lower.
Crypto markets followed the broader tone. Bitcoin rose 2% over the past 24 hours and gained more than 6% over the past week, extending last week’s rally but facing 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 push towards $98,000-$100,000 if the momentum holds.
Ether rose 3% to trade near $3,135, outperforming most majors on the day and registering a 10.6% gain over the past week. BNB added 1%, Solana rose about 1.6%, Lido’s stETH rose nearly 3% and XRP traded around $2.08 after a 1.2% increase. Cardano led the decline in the top row, falling about 1.4% on the day.
The underlying sentiment remains cautious despite the recovery. CryptoQuant’s Bull Score fell to zero for the first time since early 2022, a reading the firm associates with bearish cycle phases.
CEO Ki Young Ju warned that without new liquidity, the market could slide into a deeper slowdown, with internal models marking $55,000-$70,000 as the likely range next year.
K33 Research pointed to medium-term catalysts that could buck this trend, including expected 401(k) rule changes in early 2026 that could open retirement flows to bitcoin. Ethereum developers, meanwhile, completed the Fusaka hard fork and introduced upgrades aimed at scaling and network efficiency.
Broader macro conditions remain the main driver. Monday’s muted stock tone reflects the lack of fresh catalysts as traders await the Fed and assess whether easing will be enough to increase risk appetite.
Bitcoin’s recent pattern mirrors earlier pullbacks in the cycle in 2013, 2017 and 2021, Kuptsikevich said, noting that the market has already absorbed a significant two-month pullback heading into the December policy window.
