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CoinCatch Market Daily Report (December 8, 2025)
Intermediate
2025-12-08 | 10m
On December 8, 2025, the crypto market exhibited a typical "event-driven" consolidation pattern on the eve of a major macroeconomic decision. While market sentiment remained deeply mired in "extreme fear," major assets rebounded from intraday lows, reflecting investors' weighing of expectations for an imminent Federal Reserve rate cut against concerns about the future policy path. Meanwhile, major French banking group BPCE is set to start offering crypto trading services to retail customers through its Banque Populaire and Caisse d’Épargne apps starting Monday. The decentralized, AI-focused network Bittensor is set for its first halving event on Dec. 14, marking the end of its inaugural four-year cycle. Pakistan has confirmed its intention to launch its first ever stablecoin.
Crypto Market Overview
BTC (+1.57% | Current Price: $91,146.96)
Bitcoin staged a classic "buy on good news" rally on December 8th. Strong market expectations of a Federal Reserve rate cut (with a probability of 88.4%) provided key support, pushing the price up from a daily low of $89,326 to above $91,000. However, the strength of this rebound is questionable. Technically,
the $92,000 to $95,000 area forms a strong resistance zone in the near term . Market analysis indicates that Bitcoin is in a "stabilization phase" after the sharp correction in October and November, but the recovery momentum is clearly insufficient, and the inflow of funds into spot Bitcoin ETFs has also slowed.
The current market structure is divided: long-term holders are showing buying interest at current levels, while short-term traders are taking profits on any rallies. Therefore,
the support zone of $88,000 to $86,000 is crucial . A break below this zone due to a hawkish Fed decision or an uncertain outlook could trigger a new round of selling, testing $84,000 or even lower. Conversely, a hold above $92,000 would pave the way for a challenge of $95,000.
On December 5th, Bitcoin exchange-traded funds (ETFs) registered an inflow of $54.8 million, with BlackRock's IBIT saw an ourflow of $32.5 and Fidelity's FBTC saw an inflow of $27.3 million.
ETH (+1.85% | Current Price: $3,110.20)
Ethereum rebounded in tandem, successfully breaking through the psychological barrier of $3,100. However, its performance contrasts subtly with its strong network fundamentals. Following the "Dencun" upgrade, Ethereum mainnet gas fees have plummeted to historic lows, with simple token swaps costing less than $0.40, significantly boosting the activity of Layer 2 and DeFi ecosystems. This inexpensive and efficient network environment is a long-term positive, but its positive impact is temporarily overshadowed in the current macro-driven market.
Similar to Bitcoin, Ethereum's price movements are entirely tied to the macroeconomic narrative of the Federal Reserve's decision. Its price rebounds are more a reflection of its high-beta nature, following Bitcoin's fluctuations rather than being driven by an independent narrative. Traders need to pay attention to whether it can hold the $3,000 support level and observe whether its strong fundamentals can attract capital back after the macroeconomic uncertainties subside.
On December 5th, ETH ETFs experienced a total net outflow of $75.2 million, with BlackRock's ETHA saw an outflow of $75.2 million.
Altcoins
The cryptocurrency Fear & Greed Index has remained at the "fear" level of 24, a stark contrast to the broader market rebound. This paradox reveals a deeper market state: despite short-term positive expectations (interest rate cuts) driving a technical price correction, broad investor sentiment remains extremely fragile and pessimistic. This sentiment may stem from concerns about a "hawkish" rate cut by the Federal Reserve (i.e., cutting rates but implying the end of the cycle) or uncertainty about the economic outlook for 2026. History shows that rallies formed during periods of extreme market fear often require subsequent substantial positive news (such as clear easing guidance) to validate their sustainability; otherwise, they may merely be a continuation of the downtrend.
Major altcoins such as
BNB,
SOL, and
ADA all recorded slight gains in the past 24 hours, but the increases were generally weaker than those of Bitcoin and Ethereum. This indicates that there is currently no independent trend or sector rotation among altcoins, and investors' risk appetite is extremely low. The entire market is awaiting a clearer and more positive macroeconomic signal.
Macro Data
Undoubtedly, the Federal Reserve FOMC meeting scheduled for December 9-10 is the core of all current asset pricing. The market has almost fully priced in a 25 basis point rate cut, so the decision itself is unlikely to be a surprise. Based on Powell's press conference remarks regarding the economic (especially the labor market) and inflation outlook, any comments about "the fight against inflation is not over" or "policy still needs to be restrictive" could be interpreted as negative by the market. The crypto market, increasingly correlated with traditional financial markets, also needs to pay attention to the special year-end effects. Some analysts point out that due to geopolitical factors and AI valuation volatility, the traditional year-end "Santa Claus rally" in 2025 may be absent, and US stock market volatility is expected to increase. If US stocks (especially tech stocks) fall due to increased volatility, the cryptocurrency market will find it difficult to remain unaffected. Conversely, if the Fed releases sufficiently dovish signals, it could boost both the US stock market and the crypto market simultaneously.
On December 5th, the S&P 500 gained 0.19%, standing at 6,870.40 points; the Dow Jones Industrial Average increased 0.22% to 47,954.99 points, and the Nasdaq Composite gained 0.31% to 23,578.13 points. The price of gold is $4,210.09, down 0.06%, at 4:00 UTC, December 8th.
Trending Tokens
GLMR Moonbeam (+37.96%, Circulating Market Cap: $37.1 Million)
GLMR is trading at $0.03603, up approximately 37.96% in the past 24 hours.
Moonbeam is an Ethereum-compatible smart contract parachain on Polkadot. Moonbeam makes it easy to use popular Ethereum developer tools to build or redeploy Solidity projects in a Substrate-based environment. GLMR’s RSI-7 hit 79.83 (overbought), while the MACD histogram turned positive (+0.001) for the first time since July 2025, signaling strong upward momentum. The price reclaimed 23.6% Fibonacci retracement level ($0.0386), a key resistance zone. Traders often interpret RSI above 70 as a bullish continuation signal in high-volatility altcoins, especially when paired with rising volume (+454% to $64.4M). The MACD crossover suggests short-term bullish sentiment, though overbought conditions could invite pullbacks.
COMMON COMMON (+27.02%, Circulating Market Cap: $13.74 Million)
COMMON is trading at $0.005817, up approximately 27.02% in the past 24 hours. Common is an AI-native workspace where every community, project, and thread is tokenized, therefore 1.7 million users (across 40 k communities) and their AI agents can do deep research, trade, code on feature requests, and earn on every idea or bounty in one place. COMMON’s 14-day RSI hit 27.67 on Dec 7, its lowest since October 2025, while the MACD histogram turned positive (+0.00021278). Traders often interpret sub-30 RSI as a buy signal, especially when paired with bullish divergence in momentum indicators. However, resistance looms at the 30-day SMA ($0.0069242), 19% above the current $0.00579 price.
SKATE Skate (+20.78%, Circulating Market Cap: $45.68 Million)
SKATE is trading at $0.01391, up approximately 20.78% in the past 24 hours. Skate is a multi-VM infrastructure project that enables any decentralized application to run seamlessly across multiple blockchains, including both EVM and alternative VMs. It also provides native access to VM-specific applications on other chains—for example, allowing EVM apps to operate directly within SVM or MOVE environments. SKATE’s RSI14 hit 20.15 on December 7 (oversold), coinciding with a bounce from the $0.0117 Fibonacci support. However, MACD remains bearish (-0.000758), and the 200-day EMA is untested. Short-term traders likely capitalized on oversold conditions, but sustained recovery needs fundamental confirmation. Resistance looms at $0.0159 (38.2% Fib level).
Market News
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
Major French banking group BPCE is set to start offering crypto trading services to retail customers through its Banque Populaire and Caisse d’Épargne apps starting Monday.
Customers of four regional banks, including Banque Populaire Île-de-France and Caisse d’Épargne Provence-Alpes-Côte d’Azur, will be able to buy and sell BTC, ETH, SOL, and USDC directly through their banking apps, The Big Whale reports. The rollout will reach around 2 million customers in the pilot phase, with BPCE planning to expand access to its full 12-million-strong retail base through 2026.
The service operates through a separate digital asset account managed by Hexarq, BPCE’s crypto-focused subsidiary. Each account comes with a 2.99 euro ($3.48) monthly fee and a 1.5% transaction commission, with a minimum charge of one euro per trade.
A BPCE representative said the phased launch is designed to monitor adoption and system performance before scaling.
Other European banks have already made similar moves. BBVA allows crypto trading directly in its Spanish banking app, while Santander’s Openbank offers access to five crypto assets with integrated custody. On top of that, a Vienna-based unit of Raiffeisen Bank partnered with Bitpanda to offer crypto to its customers.
Bittensor's Halving Next Week Expected to Boost TAO Price
The decentralized, AI-focused network Bittensor is set for its first halving event on Dec. 14, marking the end of its inaugural four-year cycle. This pivotal event will halve the daily issuance of its native TAO token from 7,200 to 3,600.
Bittensor operates as an open network at the intersection of AI and crypto, allowing users to freely contribute intelligence to improve AI systems.
The network has subnets that are each dedicated to a specific AI task, and distributes TAO as incentives based on the utility of user input. There are currently 129 active subnets that offer a variety of AI-led services including compute, data storage, AI agents, and deepfake detection.
The network's halving is poised to increase the scarcity of TAO by reducing the token emissions distributed among network participants.
Moore said Bittensor is currently seeing strong adoption and rising institutional interest. The Grayscale analyst pointed to the February launch of dynamic TAO (dTAO) as a major achievement for Bittensor. This mechanism made subnets directly investible, leading to a sharp expansion in the total market capitalization of those subnets, Moore said.
Since the launch of dTAO, institutional investors such as Yuma Asset Management and Stillcore Capital, have launched funds investing in Bittensor's top subnets. Moreover, three public companies have established dedicated TAO treasuries. TAO Synergies, the leading firm, currently holds about $12 million worth of the token.
TAO is up 4.44% in the past 24 hours to trade at $295.07. It is down 22.55% in the past month.
Pakistan Prepares to Launch its First Stablecoin to Support its Digital Transition
Pakistan has confirmed its intention to launch its first ever stablecoin. This initiative speaks volumes about the country’s ambition. Indeed, Pakistan wants to catch up digitally, secure its financial flows and establish itself in an increasingly tokenised global economy. Behind this decision lies a much broader strategy involving central bank digital currency, Bitcoin mining and the widespread deployment of AI.
While many countries are still hesitant to regulate cryptocurrencies, Pakistan is taking a more direct approach. It wants to create its own national stablecoin. Bilal Bin Saqib, president of the PVARA, announced this with confidence. According to him, stablecoins are a simple and modern way to strengthen public debt while integrating millions of citizens into a digitalised economy.
This token, indexed to a fiat currency, would offer stability that traditional cryptocurrencies, such as Bitcoin, do not guarantee. The government sees it as a strategic tool. It is, in fact, a gateway to modernising payments. And, above all, it is a way to avoid being left behind in a financial revolution that is gathering pace.
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Spot gold price today.
https://goldprice.org/spot-gold.html
CoinDesk. (2025, December 6). French banking giant BPCE to roll out crypto trading for 2M retail clients. CoinDesk.
https://www.coindesk.com/business/2025/12/06/french-banking-giant-bpce-to-roll-out-crypto-trading-for-2m-retail-clients
Park, D. (2025, December 7).
Bittensor's halving next week expected to boost TAO price, Grayscale says. The Block.
https://www.theblock.co/post/381638/bittensors-halving-tao-price
CoinMarketCap. (2025, August 27).
Bittensor price. CoinMarketCap.
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M, L. (2025, December 6).
Pakistan prepares to launch its first stablecoin to support its digital transition. CoinTribune.
https://www.cointribune.com/en/pakistan-prepares-to-launch-its-first-stablecoin-to-support-its-digital-transition/
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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