Bitcoin Regains Momentum: Crypto Daybook Americas

As reported by Omkar Godbole (all times ET unless otherwise stated), the week begins on a positive note with bitcoin (BTC) rising over 1% to $89,800, nearing the upper limit of its recent range between $85,000 and $90,000. According to BRN, the key challenge for the bulls remains the overhead supply between $92,000 and $95,000. This week's US economic calendar features the third-quarter US GDP and consumer confidence reports on Tuesday, followed by jobless claims on Wednesday, which may impact investor risk sentiment. However, year-end holidays may result in thin market liquidity, leading to unpredictable price fluctuations. On Friday, $27 billion in BTC and ETH options are set to expire on Deribit, with a bullish leaning in positioning ahead of the event. Despite the price rebound, some analysts remain cautious, with Alex Kuptsikevich, FxPro's chief market analyst, stating that 'the short-term positive momentum may be misleading' and that 'bitcoin is 30% below its peak and trading at a level lower than it was at the beginning of 2025.' The CoinDesk data shows that bitcoin started the year around $93,400. In the broader market, tokens like HYPE, KAS, SKY, and NIGHT have seen gains of 4% to 6% in 24 hours, while major altcoins such as XRP, ETH, and SOL are trading mixed. The CoinDesk 20 and CoinDesk 80 indexes have remained relatively unchanged. Uniswap's UNI token has fallen over 1% as voting commences 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 of today's activity in altcoins and derivatives, see Crypto Markets Today.