Bitcoin Regains Momentum: A Look Ahead at the Americas Crypto Market

As the week commences on a positive note, bitcoin is up over 1% at $89,800, nearing the upper limit of its recent range between $85,000 and $90,000. However, according to BRN, the bulls must overcome the significant supply barrier between $92,000 and $95,000. This week's US economic calendar features key reports, including the third-quarter GDP and consumer confidence on Tuesday, followed by jobless claims on Wednesday. These figures may impact investor sentiment, although thin market liquidity due to year-end holidays could lead 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. Despite the price rebound, some analysts remain cautious, citing the broader picture of disappointment in 2025. "The short-term positive momentum may be misleading, and the overall underperformance this year should not be overlooked," said Alex Kuptsikevich, FxPro's chief market analyst. Bitcoin is currently 30% below its peak and trading lower than at the start of 2025. In the broader market, 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. The CoinDesk 20 and CoinDesk 80 indexes have remained relatively unchanged. Uniswap's UNI token has dropped over 1% as voting begins on a proposal to activate the protocol fee switch, which could turn the token into a value-accruing instrument. The voting has been overwhelmingly in support of the protocol. In traditional markets, gold reached a record high of $4,420, while the dollar index fell slightly to $98.48, erasing Friday's gain.