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CoinCatch Market Daily Report (December 10, 2025)
Intermediate
2025-12-10 | 10m
On December 10th, the defining narrative is the impending Federal Open Market Committee (FOMC) interest rate decision, scheduled for later today. Bitcoin (BTC), while reclaiming the $92,500 level, up approximately 3% from yesterday. The market is balanced on a knife's edge, caught between hopeful institutional accumulation and pervasive fear, all while liquidity waits on the sidelines for a decisive macro signal. Meanwhile, hundreds of crypto wallets linked to Silk Road that had been dormant for over a decade became active on Tuesday, moving bitcoin into one unidentified address; President Donald Trump on Monday announced he’s removing export controls on Nvidia’s H200 chips to China; The Madhugiri Hardfork goes live on the Polygon PoS mainnet.
Crypto Market Overview
BTC (+2.91% | Current Price: $92,586.24)
BTC is trading near $92,500, showing a 2.91% gain on the day but firmly trapped below key psychological resistance. The technical and on-chain picture presents a mix of caution and opportunity. BTC is consolidating between the crucial $85,000 support and $95,000 resistance. A decisive break above $95,000 could open a path toward $100,000, while a failure to hold $85,000 may see a test of lower supports near $70,000-$80,000.
On December 9th, Bitcoin exchange-traded funds (ETFs) registered an inflow of $151.9 million, with Fidelity's FBTC saw an inflow of $198.9 million.
ETH (+6.87% | Current Price: $3,322.95)
ETH has outperformed BTC today, rising over 6% to break above $3,300. Its recovery is underpinned by significant fundamental developments.
Firms like BitMine Immersion Technologies have aggressively increased their ETH holdings, purchasing 138,452 ETH last week to become one of the largest known treasury holders. This "smart money" accumulation suggests long-term conviction despite short-term volatility. ETH is testing key support around $3,100. Analysts are watching two conflicting patterns: a potential bearish Head & Shoulders formation that could target $2,000, and a bullish Fair Value Gap (FVG) support zone between $2,600-$2,800 that could catalyze a rebound. A critical development is the plunge in Ethereum base-layer gas fees to multi-year lows (e.g., 0.067 Gwei), indicating reduced congestion but also raising questions about sustainable network revenue as activity migrates to Layer 2s.
On December 9th, ETH ETFs experienced a total net inflow of $177.7 million, with BlackRock's ETHA saw an inflow of $35.3 million and Fidelity's FBTC saw an inflow of $51.5 million.
Altcoins
The Crypto Fear & Greed Index has edged up to 30 (Fear) from extreme fear levels below 20 earlier this month, indicating a tentative stabilization in sentiment. However, Bitcoin's dominance at 58.5% underscores its role as a safe-haven asset during uncertainty, with the Altcoin Season Index languishing at 35, firmly in "Bitcoin Season" territory. Ethereum gas fees remain exceptionally low at an average of 0.186 Gwei, thanks to the recent Fusaka upgrade, fostering renewed activity in Layer-2 ecosystems.
Macro Data
All eyes are on the Federal Reserve's final policy meeting of 2025. The market has overwhelmingly priced in a quarter-point rate cut, with probabilities hovering around 87-93%. However, as analysts note, the rate adjustment itself may be "the least important part". The Fed's revised outlook for interest rates, growth, and inflation through 2026 will be scrutinized. Any signal of a slower pace of future cuts could be interpreted as hawkish. Chair Powell's ability to manage internal committee dissent and communicate the future policy path is critical. Markets crave clarity on whether this cut is part of a sustained easing cycle or a temporary pause. Underlying inflationary pressures remain a key risk, with core PCE still above the Fed's 2% target, which complicates the path for aggressive easing.
The consensus scenario of a cut with neutral-to-dovish guidance may fuel a relief rally. Conversely, a surprisingly restrictive message risks triggering another wave of liquidation in a highly leveraged market.
On December 9th, the S&P 500 dropped 0.09%, standing at 6,840.51 points; the Dow Jones Industrial Average fell 0.38% to 47,560.29 points, and the Nasdaq Composite gained 0.13% to 23,576.49 points. The price of gold is $4,205.25, down 0.04%, at 6:30 UTC, December 10th.
Trending Tokens
AXL Axelar (+28.08%, Circulating Market Cap: $152.33 Million)
AXL is trading at $0.1404, up approximately 28.08% in the past 24 hours. Axelar claims to deliver “secure cross-chain communication for Web3.” The project provides a decentralized network and tools to help builders of decentralized applications (dApps) with seamless cross-chain communication through its protocol suite, tools and APIs. Axelar unveiled
AgentFlux on December 4, an open-source AI framework enabling institutions to run AI agents locally without exposing sensitive data. This addresses critical privacy concerns in DeFi and institutional crypto operations. Institutions can now leverage Axelar-enabled AI solutions for cross-chain risk assessment and trading while maintaining enhanced security against cloud vulnerabilities. Additionally, there is increased utility for AXL tokens, which are used for transaction fees and governance within Axelar’s ecosystem.
LUNA Terra (+22.92%, Circulating Market Cap: $107.42 Million)
LUNA is trading at $0.1512, up approximately 22.92% in the past 24 hours. Terra (LUNA) is a public blockchain protocol that emerged from Terra Classic. Terra Classic is home to the algorithmic stablecoin TerraClassicUSD (UST). It's now-renamed LUNC token collateralized UST, which crashed into a bank run in May 2022. That devalued LUNA to virtually zero and caused the launch of a new chain, resulting in Terra Classic and Terra. Terra’s v2.18 network upgrade went live on December 8, fixing bugs and enhancing performance. Major exchanges like Binance paused deposits/withdrawals to ensure compatibility, signaling institutional confidence. Upgrades often attract short-term speculative buying, especially when backed by exchanges. Binance’s involvement (handling ~$357M of LUNA’s 24h volume) likely amplified liquidity and trader interest.
NIL Nillion (+20.01%, Circulating Market Cap: $22.45 Million)
NIL is trading at $0.07950, up approximately 20.01% in the past 24 hours. Nillion is the blind computer – a private computation and storage network for AI and data. The network uses PETs (Privacy-Enhancing Technologies) to enable computation and storage on data while maintaining privacy, making possible use cases like private personalized AI, encrypted databases, and privacy-preserving applications. Following the November 2025 market-maker sell-off, Nillion initiated a long-term buyback strategy using treasury funds, acquiring 1.1 million NIL tokens initially. The team is finalizing partnerships with regulated market makers (Nillion) to methodically reduce sell pressure. Buybacks directly reduce circulating supply, creating upward price pressure. The commitment to a “stable recovery” (vs. short-term pumps) signals confidence, potentially restoring holder trust.
Market News
Silk Road Wallets Move Bitcoin to Unknown Address After Decade of Dormancy
Hundreds of crypto wallets linked to Silk Road that had been dormant for over a decade became active on Tuesday, moving bitcoin into one unidentified address. Arkham Intelligence data shows that around 312 wallets associated with now-defunct darknet marketplace Silk Road collectively transferred $3.14 million worth of BTC to the address "bc1q…ga54" on Tuesday. It is currently unclear why wallets became active. The Silk Road-linked wallets still hold roughly $41.3 million in BTC as of today, according to Arkham.
In January, Coinbase Director Conor Grogan said on X that he had identified roughly $47 million worth of BTC in wallets tied to Ross Ulbricht, creator of Silk Road. On Tuesday, Grogan resurfaced that post in a reply to Plasma Foundation's pseudonymous operator "0xG00gly," who flagged the latest Silk Road-linked transfers.
Earlier this year, the U.S. President Donald Trump signed an executive order issuing a full and unconditional pardon for Ulbricht, who had been serving multiple life sentences without parole for creating Silk Road. While the darknet marketplace facilitated the sale of narcotics and other illegal goods, it played a significant role in popularizing bitcoin, which was used for transactions on the platform.
In May, Ulbricht delivered his first public speech following pardon, emphasizing freedom, decentralization and unity as core principles for the next technological leap — one he said could help liberate and empower people around the world.
Trump Greenlights Exports of Nvidia H200 Chips to China
President Donald Trump on Monday announced he’s removing export controls on Nvidia’s H200 chips to China, a key reversal in what’s become part of a broader trade war between the world’s two biggest economies. H200s – the second most-powerful AI chip in Nvidia’s inventory – are vital for completing tasks performed by AI.
Nvidia, the world’s most valuable company and the leading chipmaker, has seen massive success as demand for AI has boomed in recent years. But that success has also dropped it square in the middle of global tensions over who will win a global race to dominate artificial intelligence.
In his post, Trump added: “25% will be paid to the United States of America,” possibly implying 25% of the revenue Nvidia earns from the sales will go to the American government.
The news comes after Trump met with Nvidia CEO Jensen Huang last week. Trump has repeatedly said that the United States must win the global AI race, even as China has invested heavily in its own domestic industry.
The decision comes after Trump struck arrangements with chipmakers earlier this year, including an agreement with Nvidia and AMD to pay the US government 15% of revenues from chip sales to China. Trump also announced in August that the government would take a 10% stake in Intel.
The protocol has since grown to become the largest decentralized perps DEX by accumulated volume, according to The Block’s data, and has only seen meaningful competition in recent months via the rise of BNB Chain-based Aster and Ethereum Layer 2 Liquid.
Polygon’s Madhugiri Hardfork Set to Deliver 33% Throughput Surge and Major Stability Upgrades
The Madhugiri Hardfork goes live on the Polygon PoS mainnet. Designed to push the network into its next phase of performance optimization, the upgrade directly targets scalability and long-term infrastructure resilience, two areas critical as demand for high-speed, low-cost blockchain execution accelerates.
The Madhugiri Hardfork introduces structural changes aimed at increasing raw network throughput by roughly 33%. This is achieved through adjustments to core consensus timing (via PIP-75) and the integration of new mechanisms that allow Polygon to tune block times on demand.
Unlike previous hardforks that required validators, node operators, or apps to adjust configurations, the Madhugiri upgrade requires no action from users or developers. The improvements are enabled natively at the protocol level.
A faster network means lower latency for swaps, smoother NFT activity, quicker bridging interactions, and more predictable block finality, key for emerging sectors like Web3 gaming and high-frequency DeFi execution, where every second counts.
Reference:
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https://investing.com/indices/usa-indices
GoldPrice.org. (n.d.).
Spot gold price today.
https://goldprice.org/spot-gold.html
CoinDesk. (2025, December 4). Axelar unveils AgentFlux to bring AI agents onchain without cloud risks. CoinDesk.
https://www.coindesk.com/tech/2025/12/04/axelar-unveils-agentflux-to-bring-ai-agents-onchain-without-cloud-risks
The Block. (2025, December 9). Silk Road wallets move bitcoin to unknown address after decade of dormancy.
https://www.theblock.co/post/381998/silk-road-linked-wallets-awaken
CNN. (2025, December 8). Nvidia H200 chips China Trump export. CNN.
https://edition.cnn.com/2025/12/08/tech/nvidia-h200-chips-china-trump-export
CryptoNinjas. (2025, December 9). Polygon’s Madhugiri hardfork set to deliver 33% throughput surge and major stability upgrades.
https://www.cryptoninjas.net/news/polygons-madhugiri-hardfork-set-to-deliver-33-throughput-surge-and-major-stability-upgrades/
CoinCatch Team
Disclaimer:
Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.
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