Market Performance - Bitcoin has surged back above $90,000, trading at $90,339 after a 6.7% increase in the past day, marking its highest level since last week [1] - The trading volume for Bitcoin has more than doubled, exceeding $92 billion, indicating heightened market activity [3] - Ethereum has also seen significant gains, rising nearly 10% and briefly surpassing $3,000, while XRP increased by 7.3% to trade at $2.14 [3] Liquidation and Derivatives - The recent price rise has led to the liquidation of $157 million in Bitcoin short contracts and over $312 million across all crypto derivatives products [2] Federal Reserve Influence - Analysts suggest that the performance of Bitcoin and the broader crypto market will be influenced by the outcomes of the Federal Open Markets Committee's meeting on December 9-10 [4] - The Federal Reserve recently injected $13.5 billion via overnight repos to address year-end liquidity issues, which is seen as a routine stabilization measure rather than a shift in broader policy [5] Fund Flows and ETFs - Bitcoin, Ethereum, and XRP ETFs have rebounded, adding over $1 billion in the past week, with Bitcoin ETFs seeing $8.5 million in net inflows [6] - However, Ethereum ETFs experienced a slight pullback with $79 million withdrawn, and Solana funds had $13.5 million in shares redeemed [7]