Bitcoin Regains Momentum: A Daily Crypto Update for the Americas

Omkar Godbole reports (times in ET unless specified otherwise) that the week has begun on a positive note, with bitcoin rising over 1% to $89,800, nearing the upper limit of its recent range between $85,000 and $90,000. However, the $92,000 to $95,000 supply zone remains a significant obstacle for bulls to overcome, according to BRN. This week's US economic calendar features the third-quarter GDP and consumer confidence reports on Tuesday, followed by jobless claims on Wednesday, which may impact investor sentiment despite thin market liquidity due to year-end holidays. On Friday, $27 billion in BTC and ETH options are set to expire on Deribit, with a bullish lean in positioning. Despite the price bounce, some analysts remain cautious, with Alex Kuptsikevich, FxPro's chief market analyst, stating that the short-term momentum may be misleading and the broader picture of disappointment should not be overlooked. Bitcoin is currently 30% below its peak and trading lower than at the start of 2025. Other tokens such as HYPE, KAS, SKY, and NIGHT have seen gains of 4% to 6% in the last 24 hours, while major altcoins like XRP, ETH, and SOL are trading mixed. Uniswap's UNI token has fallen over 1% as voting begins on a proposal to activate the protocol fee switch, with overwhelming support for the protocol. In traditional markets, gold has reached a record high of $4,420, while the dollar index has fallen back to $98.48. For further analysis and updates, see Crypto Markets Today and the Crypto Week Ahead.