Core Insights - The crypto market is currently stabilizing after a challenging month, with Bitcoin priced at $91,200 and Ethereum at $3,010, while total market capitalization has fallen below $3 trillion [1][2] Upcoming Events - A significant U.S. Senate vote on December 8 regarding a crypto regulatory framework could influence market conditions, with a 70% chance that the bill will favor the industry [3][4] - The Federal Reserve's interest rate decision on December 10 is anticipated to be a 25-basis-point cut, with an 87% probability, which could lead to increased capital flow into risk assets like cryptocurrencies [5] Market Developments - On-chain activities include a dormant wallet selling 1,300 ETH worth approximately $3.94 million, and Bhutan's government confirming its active staking of Ethereum holdings [6] - Spot Bitcoin ETFs have seen modest inflows of $21 million, marking their first positive day in weeks [6] Macro Environment - The combination of clearer U.S. regulations and a more accommodative monetary policy is seen as a favorable macro setup for the crypto market [7] - Analysts expect the upcoming Fusaka upgrade for Ethereum to significantly enhance data capacity, supporting price targets between $3,100 and $3,200 [7]