Bitcoin Rebounds to $93K From Post-Fed Lows, but Altcoins Remain Under Pressure

AI Summary4 min read

TL;DR

Bitcoin rebounded to $93K after Fed rate cut, but altcoins remained under pressure. The recovery mirrored Nasdaq's late-day bounce, though crypto shows signs of decoupling from equities.

Key Takeaways

•Bitcoin recovered to $93,000 after early selloff, while most altcoins like ADA and AVAX continued declining.
•Crypto's correlation with equities may be weakening, with BTC underperforming Nasdaq on macro catalyst days.
•Analysts note downward pressure on Bitcoin is easing but caution the market isn't fully stabilized yet.
•Precious metals surged (silver +5% to record high) as dollar weakened, while crypto stocks like Gemini rallied on regulatory news.
•Market focus may shift from Fed policy to U.S. crypto regulation as next major driver.

What to know:

Bitcoin rebounded from a sharp early selloff on Thursday to trade above $93,000 shortly after the close of U.S. stocks.
The late-day gain in bitcoin came alongside a rebound in the Nasdaq from big morning losses; the tech index closed with just a 0.25% loss.
Downward pressure on bitcoin is losing steam, said one analyst, but the market is not yet out of the woods.

Bitcoin rebounded from a sharp early selloff on Thursday to trade above $93,000 shortly after the close of U.S. stocks.
The late-day gain in bitcoin came alongside a rebound in the Nasdaq from big morning losses; the tech index closed with just a 0.25% loss.
Downward pressure on bitcoin is losing steam, said one analyst, but the market is not yet out of the woods.

Bitcoin BTC$92,388.57 clawed back to $93,000 on Thursday as traders digested the Fed decision, but altcoins mostly didn't join in the bounce.

Slipping to $89,000 after the Federal Reserve’s Wednesday rate cut and a sharply lower open for U.S. stocks, bitcoin recently was trading at $93,000, up marginally over the past 24 hours.

Altcoins mostly held onto their early losses, with Cardano's ADA ADA$0.4254 and Avalanche's AVAX (AVAX) leading declines, down 6%-7%. Ether ETH$3,246.91 was 3% lower on the day, holding above $3,200.

Bitcoin's late-day bounce came alongside similar action in U.S. stocks, with the Nasdaq managing to close down just 0.25% after being as much as 1.5% lower. The S&P 500 closed modestly in the green and the DJIA gained 1.3%..

The day's standout rally came from precious metals, with silver surging 5% to a fresh all-time high of $64 per ounce and gold climbing over 1% to near $4,300. The advance was helped by the U.S. dollar index (DXY) slipping to its weakest since mid-October.

Crypto exchange Gemini stood out among crypto stocks, gaining over 30% on news of obtaining regulatory approval to offer prediction markets in the U.S.

Crypto diverges from equities

Jasper De Maere, desk strategist at trading firm Wintermute, said Thursday’s action reinforced crypto’s growing decoupling from equities, especially around macro catalysts.

"Only 18% of the past year’s sessions have seen BTC outperform the Nasdaq on macro days," he noted. "Yesterday fit that pattern: equities rallied while crypto sold off, suggesting the rate cut was fully priced and that marginal easing is no longer providing support."

De Maere added that early signs of stagflation concerns are emerging into the first half of 2026, and markets are beginning to shift focus from Fed policy toward U.S. crypto regulation as the next major driver.

Bitcoin sell pressure waning

Analytics firm Swissblock noted the downward pressure on bitcoin is losing steam, with the market stabilizing but not yet out of the woods.

"The second selling wave is weaker than the first, and selling pressure is not intensifying," the firm said in an X post. "There are signs of stabilization... but not confirmation."

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