Bitcoin has surged past the $92,000 mark, reflecting strong market momentum. Meanwhile, the Federal Reserve is preparing to expand its balance sheet in Q1 2026, potentially purchasing $35 billion in government securities monthly if reserves fall below $3 trillion. This move comes as the Fed is expected to cut interest rates by 0.25% on December 10.
In other developments, Solana's decentralized exchange volumes have doubled compared to Binance Smart Chain and tripled against Ethereum in the past 24 hours. Coinbase is re-entering the Indian market after a two-year hiatus, signaling a significant boost for crypto adoption in the populous nation. Additionally, Circle and Bybit have partnered to enhance the global adoption of USDC.
The European Central Bank may raise or maintain its interest rates in 2026, while China's leadership advocates for further economic stimulus and interest rate cuts. U.S. 10-year Treasury yields are rising ahead of the FOMC meeting, with markets anticipating a hawkish stance from Jerome Powell. Ether is gaining traction following the successful Fusaka update, bolstered by new ETF offerings from Vanguard and Bank of America.
Bitcoin Surpasses $92,000 Amid Market Developments
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