The cryptocurrency market is bracing for potential declines in December, following historical trends of losses after a negative November. Bitcoin has previously closed in the red during December in 2018, 2019, 2021, and 2022. Economist Peter Schiff predicts continued declines, while BitMEX co-founder Arthur Hayes anticipates Bitcoin stabilizing above $80,000. Currently, Bitcoin is trading at $91,648 and Ethereum at $3,037, with altcoins showing mixed performance. The Federal Reserve's upcoming FOMC meeting and potential rate cuts could impact market stability. Analysts highlight that corporate buying has not significantly reduced volatility, leaving the December outlook uncertain as traders watch macroeconomic events and seasonal trends closely.