Coinbase(US:COIN) Benzinga·2025-12-09 02:15Market Overview - Bitcoin experienced a decline of 0.98%, trading at $90,264.02, while Ethereum rose by 0.27% to $3,112.05 [2] - The global cryptocurrency market capitalization increased by 0.93% to $3.09 trillion [7] Trading Activity - Bitcoin's trading volume surged by 15% over the last 24 hours, with an intraday low of $89,644 reached [3] - Cryptocurrency liquidations totaled $200 million in the last 24 hours, with over $100 million in bearish short positions eliminated [5] - Bitcoin's open interest fell by 0.29% in the last 24 hours, with over 70% of Binance's top traders positioned long on BTC [6] Stock Performance - Shares of cryptocurrency-related companies such as Strategy Inc. and Coinbase Global Inc. closed up by 2.63% and 1.66%, respectively [4] Analyst Insights - Analyst Michaël van de Poppe identified $92,000 as a crucial level for Bitcoin, predicting potential corrections if the Federal Reserve adopts a hawkish stance [10] - Lacie Zhang from Bitget Wallet anticipates moderate downward pressure on Bitcoin and Ethereum, expecting BTC to recover towards $95,000–$100,000 and ETH to retest $3,800 as market conditions stabilize [11]