BTC (Bitcoin) up 2.16% in 24 hours

According to Gate News Bot on December 10, citing CoinMarketCap data, as of press time, BTC (Bitcoin) is trading at $92,254.62, up 2.16% in the past 24 hours, with a high of $94,601.57 and a low of $87,799.56. The 24-hour trading volume has reached $67.792 billion. The current market capitalization is about $1.84 trillion, up $38.855 billion from yesterday.

BTC is an innovative payment network and a new type of currency. Bitcoin operates using peer-to-peer technology, without relying on central authorities or banks; transaction management and bitcoin issuance are carried out collectively by the network. Bitcoin is open source, its design is public and transparent, and no individual or institution owns or controls Bitcoin—anyone can participate. Thanks to many unique features, Bitcoin supports fast peer-to-peer transactions, global payments, and low processing fees.

Recent key news about BTC:

1️⃣ Institutional demand continues to support a structurally strong market bottom
Corporate balance sheets have become an increasingly important pillar of bitcoin demand. Since January 2023, the total amount of bitcoin held by public and private companies has risen from 197,000 to 1.08 million, an increase of about 448%. This sustained growth trend has built a strong long-term demand base for BTC. Meanwhile, the overall cost basis for US Bitcoin ETFs is around $83,000, and the current price is approaching this key support area. Historical data shows that ETFs have repeatedly generated rebound momentum near this price level, giving the current market a strong structural bottom characteristic.

2️⃣ Profound transformation in Bitcoin market cycle patterns
The “four-year halving cycle” that has governed Bitcoin for more than a decade has officially ended, and a more mature institutional allocation model is forming a new market driving force. Although bitcoin prices have recently corrected nearly 30%, ETF outflows are less than 5%, clearly indicating that institutional buyers view BTC as a strategic asset rather than a short-term trading tool. This new pattern of long-term institutional accumulation is moving the bitcoin market towards a more stable structure, rather than the volatility dominated by the traditional halving cycle.

3️⃣ Divergence between macro policy expectations and market liquidity
The market has already priced in expectations for a Federal Reserve rate cut in December, and attention has shifted to the policy pace in 2026. The warming of rate cut expectations supports an improved liquidity environment, but uncertainty about future policy directions remains high, and the market is in a “macro binary week” state. In the short term, bitcoin may continue to fluctuate around $90,000, while expectations for 2026 policy—especially the potential for more aggressive rate cuts—are becoming key factors supporting long-term investor confidence, laying a potential foundation for a medium-term upward trend.

4️⃣ Continuous expansion of Bitcoin ecosystem applications and trading innovation
The launch of new investment tools and settlement methods is enriching Bitcoin’s use cases and liquidity. The world’s first fully bitcoin-denominated and settled securities exchange has officially launched, including stocks of bitcoin-focused companies with asset reserves, providing holders with BTC-denominated asset allocation channels. In addition, protocols focused on bitcoin-denominated stablecoins have launched innovative mechanisms, allowing users to earn annualized BTC returns while accessing lending functions. These ecosystem expansions help enhance Bitcoin’s attractiveness as both a store of value and a productive asset.

This information is not investment advice. Please be aware of market volatility risks when investing.