Bitcoin Blasts Past $94K as Fed Cut Looms; Ethereum Range-Bound Amid Upgrade Buzz

Cryptocurrency News Today: Market Updates & Analysis podcast.Bitcoin has spent the week trading like a coiled spring, and today it finally snapped higher, with CoinDesk reporting a push back above the **$94,000** level as traders front‑run an expected Federal Reserve rate cut. That macro backdrop – an 80%+ odds of a December cut according to CME FedWatch data cited by Binance Research – is the core narrative: cheaper money plus a pro‑risk mood is feeding directly into crypto bid.Zooming out, Binance’s latest market update pegs total crypto market cap around **$3.04 trillion**, basically flat on the week but hiding a rotation under the hood. Bitcoin has been chopping in a wide band from the high‑80Ks into the low‑90Ks, while volatility in altcoins quietly ramps up. Kitco’s futures desk notes that BTC bulls have “halted the price downtrend” on the daily chart, which is trader‑speak for: sellers lost momentum, and the path of least resistance is tilting back up unless the Fed surprises hawkish.On the Ethereum side, things are way more nuanced. U.Today’s desk shows **ETH around $3,100**, one of the stronger majors this week after a 5%+ pop, but intraday action has cooled into a tight **$3,050–$3,150** range with low volume – classic consolidation before the next move. Short‑term technicians like Forex24.Pro see ETH in a **bearish channel**, calling for a possible test of resistance in the **$3,225–$3,230** zone and then, if that holds, another leg down that could revisit levels below **$2,300**. At the same time, quant models from Changelly and Gov Capital are still projecting upside into late December, with some targets in the **$3,700+** area if momentum and network fundamentals cooperate. So Ethereum right now is pure trader’s market: trade the range, respect the channel, but don’t ignore the bigger bull thesis tied to upgrades like the upcoming Fusaka scalability release highlighted by CoinMarketCap’s research team.Sentiment‑wise, Coinpedia’s live tracker shows the **Fear & Greed Index** back in **Extreme Fear**, even as prices push higher. That’s the funny part: people are nervy, but Bitcoin is printing 90K‑plus and majors like XRP, Solana, and Dogecoin are catching bids ahead of the Fed decision, as noted by Finance Magnates. In plain English: the market doesn’t fully trust this rally, which historically is exactly the kind of wall of worry that strong uptrends like to climb.Altcoin standouts this week include **MDT, WIN, and GLMR**, which Binance flags as outsized movers with double‑digit daily gains. These are classic liquidity‑rotation plays: as Bitcoin sucks in the headlines, speculative capital hunts for beta on the fringes, while big caps like **BNB, XRP, and ADA** log modest, almost stock‑like daily changes.From a narrative lens, you’ve got three big threads weaving together: a friendlier macro setup with the Fed expected to cut; a structurally tighter Bitcoin market post‑halving grinding to new highs; and a still‑building Ethereum story where developers are shipping scaling upgrades into 2026 while traders wrestle with a short‑term downtrend.I’m Crypto Willy, and that’s your Cryptocurrency News Today: Market Updates & Analysis. Thanks for hanging out with me – seriously, appreciate you tuning in. Come back next week for more charts, narratives, and no‑nonsense crypto talk.This has been a Quiet Please production, and if you want more from me, check out QuietPlease dot A I.Get the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

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