Coinbase(US:COIN) Benzinga·2025-12-12 02:00Cryptocurrency Market Overview - Bitcoin rose by 1.40% to $92,081.10, reaching a peak of $93,550 before retreating to around $91,000 [2][3] - Ethereum experienced a slight decline of 0.52%, trading around $3,232.87, with attempts to breach $3,270 failing [2][3] - XRP and Dogecoin recorded minor gains of 0.59% and 0.27%, respectively [2][3] - The global cryptocurrency market capitalization increased by 0.17% to $3.14 trillion [7] Trading Activity and Market Sentiment - Bitcoin's open interest rose by 2.27% to $59.20 billion, while Ethereum derivatives saw a 0.29% increase [5] - Cryptocurrency liquidations totaled $376 million in the last 24 hours, with $227 million in bullish long positions liquidated [5] - 62% of Binance traders with open BTC positions were betting on a price increase, indicating a prevailing bullish sentiment despite a "fear" sentiment in the market [6] Stock Market Performance - Stocks closed at record highs, with the Dow Jones Industrial Average increasing by 646.26 points (1.34%) to 48,704.01 [8] - The S&P 500 rose by 0.21% to 6,901.00, while the Nasdaq Composite fell by 0.26% to 23,593.86 [8] - Shares of Oracle Corp. dropped by 10.83% following disappointing earnings and guidance [8] Federal Reserve Actions - The Federal Reserve cut the federal funds rate by 25 basis points to a range of 3.50–3.75% and downplayed the likelihood of future rate hikes [9] Future Outlook for Ethereum - CryptoQuant reported a recovery in Ethereum taker flows, suggesting potential upward price momentum as aggressive buyers return [10] - Analyst Michaël van de Poppe noted positive price action for Bitcoin, increasing the odds of reaching $100,000 by 2025 [11]