Bitcoin Retreats to $90,000 as Oracle's Disappointing Results Weigh on Market Sentiment: Crypto Daybook Americas

By Omkar Godbole (all times are in Eastern Time unless otherwise specified) The price of Bitcoin has fallen to $90,000, with the broader cryptocurrency market experiencing a similar decline. Over the past 24 hours, the CoinDesk 20 (CD20) and CoinDesk 80 (CD80) indices have both dropped by more than 3.5%. This downturn is in line with the pessimistic mood in the Nasdaq futures market, which was triggered by Oracle's missed earnings and follows a 25 basis point interest rate cut by the Federal Reserve. According to traders, the central bank's hawkish forward guidance - which projects only one rate cut in 2026 - and the growing divide among policymakers have overshadowed the easing of monetary policy, causing risk assets to decline. Some analysts have expressed doubts about the likelihood of a significant rally before the end of the year, citing the decline in implied volatility and the lack of substantial inflows into exchange-traded funds (ETFs). In fact, data from SoSoValue shows that there have been no days with net spot ETF inflows exceeding $500 million in the United States since November 11. A similar trend was observed during the April-October period, when Bitcoin's price surged from $70,000 to over $126,000, with ETFs attracting significant inflows at least one or two days per week. In essence, the flow of funds into the market will be crucial in determining the trajectory of prices in the coming days. On a positive note, according to BRN, large holders of Bitcoin (those with 10-10,000 BTC wallets) have accumulated approximately 42,565 BTC since December 1, a sign of smart money flowing into the market. Meanwhile, short-term holders and retail investors continue to reduce their positions. In other notable news, Ethereum co-founder Vitalik Buterin has expressed his support for Fileverse, a decentralized and open-source encrypted document platform that aims to provide a Web3-native alternative to traditional document sharing tools like Google Docs. In a post on X, Buterin stated that the project has resolved several bugs over the past few months and is now stable enough to facilitate secure document sharing, commenting, and collaboration without any further issues. In traditional markets, the yield on 10-year US Treasury bonds has rebounded from its post-Fed low of 4.11% to 4.14%, once again demonstrating its tendency to stick to the higher side. Analysts at ING believe that it is more likely to experience a sustained rally than a decline. For more information on today's activity in altcoins and derivatives, please refer to Crypto Markets Today. Key Events to Watch For a comprehensive list of events this week, please see CoinDesk's Crypto Week Ahead. Token Events For a comprehensive list of events this week, please see CoinDesk's Crypto Week Ahead. Conferences For a comprehensive list of events this week, please see CoinDesk's Crypto Week Ahead. Market Movements Bitcoin Statistics Technical Analysis Crypto Equities Crypto Treasury Companies ETF Flows Spot Bitcoin ETFs Spot Ethereum ETFs Source: Farside Investors While You Were Sleeping