TL;DR – The Fed just cut rates by 25 bps, stocks cheered, but Bitcoin and Ethereum rolled over. Technicals still point to a bearish trend in both assets, even as prediction markets insist this is turbulence, not the start of a new "crypto winter."
The Fed eases, crypto shrugs
The Federal Reserve delivered a widely expected 25-basis-point rate cut, bringing the target range to 3.50%–3.75%. Traditional markets rallied, with the S&P 500 and Nasdaq closing higher.
Crypto did the opposite.
Total market cap sits around $3.07 trillion, down ~2.25% on the day, with almost 90% of coins in the red. Instead of buying the dip on cheaper money, traders sold into every bounce — especially in Bitcoin and Ethereum.
The takeaway: stocks are pricing in looser conditions; crypto is acting as if liquidity is still tight and could tighten further.
→ Live coverage and market reaction: 21rates.com – Latest Crypto & Bitcoin News
Bitcoin: still stuck in a downtrend
As of December 11, Bitcoin trades near $90,000, down roughly 2.2% in 24 hours after rejecting $92,100 and slipping back below the psychological $90k level.
Key technical points:
- Price remains capped by a descending trendline from the October all-time high (~$126,000)
- Clear pattern of lower highs and lower lows
- 50-day EMA firmly below the 200-day EMA → death cross still active
- RSI ~44 (bearish but not oversold), ADX ~28 (confirms a trending move lower)
→ Full Bitcoin chart breakdown + video analysis: 21rates.com – Bitcoin Technical Analysis & Daily Updates
→ Quick 2-minute video on today's price action: 21rates YouTube – Bitcoin After Fed Cut
Ethereum: almost a golden cross… but not quite
Ethereum dropped harder, losing ~4.4% and trading around $3,180 after failing at the 200-day EMA.
What happened:
- ETH briefly cleared the 50-day EMA (short-lived bullish hope)
- Immediate rejection at the 200-day EMA killed any golden-cross scenario
- Ichimoku cloud is red and expanding → strong overhead resistance
- Volume profile shows heavy supply between $3,400–$3,600; most recent buyers are now underwater
→ Detailed Ethereum analysis + targets: 21rates.com – Ethereum Price Analysis & Forecasts
→ Video comparison BTC vs ETH: 21rates YouTube – Who Bleeds More into 2026?
Bottom line
Stocks celebrated the Fed pivot. Bitcoin and Ethereum are trading as if the pivot never occurred. Technical structure remains bearish across both flagship assets, and every rally is aggressively sold.
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