Crypto Rally Stalls Near $94K Bitcoin as Bond Turmoil Spurs Risk-Off Ahead of Fed

The crypto market entered December with strong upward momentum, with Bitcoin climbing towards $94,000 and Ethereum nearing $3,250 by late last week, according to a research note from Laser Digital. The rally was fuelled by two key catalysts: Strategy’s purchase of roughly $960 million worth of BTC and anticipation around the Fusaka upgrade scheduled for December 3. However, as those factors passed, bullish sentiment evaporated. Prices quickly reversed during Friday’s U.S. trading session, leading to aggr ...