Crypto News Today: BTC Loops Back To $90k, ETH Retests $3.2k Support

Expectations within the crypto community were high when the news broke that the Fed (Federal Reserve) again cut interest rates by 25 bps, bringing the federal fund rate to its lowest level in more than three years, but today, the enthusiasm has died down a bit as the broader crypto market failed to get back its momentum.

With the Fed announcing the rate cut,

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Bitcoin
BTC

$90,247.66

1.84%

Bitcoin
BTC

Price

$90,247.66

1.84% /24h

Volume in 24h

$48.55B
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Price 7d

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briefly surged above $94,000, but since then, it has declined by 2.62% and is currently trading at

. The OG coin, despite having a market cap of $1.85 trillion, has been moving sideways because of a weakening of the broader market.

While the rate cut happened, a cautious tone from the Fed Chair, Jerome Powell, dampened any hopes for an aggressive upcycle that usually happens after a rate cut. Powell basically said that there are no free lunches and that inflation could still rise and jobs could still take a hit, as he said, there is “no risk-free path for policy.”

Market hawks are now factoring in only one rate cut for next year.

(Source: FedWatch)

Meanwhile, the Fed is about to start buying $40 billion worth of short-term government bonds to push extra cash into the system in an effort to calm the markets and give risky assets like crypto a bit of a leg up. Another reason why BTC is sliding today is AI tech stocks.

Fed: We will buy $40 billion of treasury bills over the next 30 days.

The printers are warming up.
QE is back on the menu.

Gold and Silver … pic.twitter.com/P393TlbCPU

— Wall Street Mav (@WallStreetMav) December 10, 2025

Investors are starting to worry that they might not see quick profits from the funds they are pouring into AI infrastructure, causing them to lose their risk appetite and pull away from high-risk assets such as BTC.

EXPLORE: 20+ Next Crypto to Explode in 2025

Crypto News Today: ETH Retests $3.2k Level

Since briefly breaching the $3,400 level in the early hours of trading today,

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Ethereum
ETH

$3,203.06

0.95%

Ethereum
ETH

Price

$3,203.06

0.95% /24h

Volume in 24h

$26.93B
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Price 7d

has lost considerable ground and is currently trading at

, down by 3.66% on the 24-hour chart. It breached support at $3,200 briefly before bouncing slightly to trade above this level.

ETH showed better strength compared to BTC, but has still pulled back along with the broader market. And that is despite ETH ETFs recording an inflow of $57.6 million yesterday, with BlackRock buying $56.5 million in ETH.

$ETH ETF inflow of $57,600,000 yesterday.

BlackRock bought $56,500,000 in Ethereum. pic.twitter.com/jGLf0box4u

— Ted (@TedPillows) December 11, 2025

For now, ETH is sitting at a tricky spot. If sellers push the price below the $ 2,900-$ 3,000 zone, the altcoin king could face further bearish pressure, with its price declining towards support at $2,500 and then $2,300. On the flipside, there is still a chance it can flip the script and bounce back, since the lower support channels support it.

$ETH is trying to break above a crucial resistance level.

A reclaim of the $3,300-$3,400 level will push Ethereum towards the $3,700 level.

A rejection from this level will push ETH below the $3,100 zone. pic.twitter.com/cFGBuBGQlU

— Ted (@TedPillows) December 10, 2025

On the four-hour chart, ETH has declined to retest its 50-day EMA (Exponential Moving Average) after breaching its 20-day EMA and is now at a crossroads. If ETH can climb back into the $3,300–$3,400 range, that would flip the momentum bullish and set the stage for bigger gains. In fact, breaking through mid-channel resistance could open the door to a run toward $4,000.

EXPLORE: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year

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