The expert assessed the prospects of bitcoin at the end of December

During the second week of December, the bitcoin exchange rate showed sideways dynamics in a narrow range from 87.5 to 94.5 thousand dollars. As Vasily Girya, the owner and CEO of GIS Mining, noted in an interview with Izvestia on December 15, the market was caught between conflicting signals.

"The optimism associated with expectations of an aggressive rate cut by the US Federal Reserve in the event of Kevin Hassett's appointment collided with the more cautious results of the December meeting of the regulator, which marked a pause and only one additional rate cut in 2026 against the background of stable core inflation," he said.

According to the expert, the fundamental factors for bitcoin remain mixed. On the one hand, the supply of BTC on exchanges continues to decrease — more than 400 thousand coins were withdrawn during the year, and Strategy increased its strategic reserve to 660,624 bitcoins. Inflows into spot exchange-traded funds (ETFs) have resumed, but retail investor activity remains weak. The crypto market retains a noticeable correlation with the Nasdaq stock index, and its decline holds back the growth potential of bitcoin.

Cryptoshock: what is behind the collapse of Bitcoin and the crisis of trust

The fall in the value of the first cryptocurrency caused panic in the market

On Wednesday morning, the price of the first cryptocurrency reached $90,052 amid a recovery in stock indexes, which confirmed the dependence of the digital asset on the macroeconomic background and capital dynamics in the ETF. GIS Mining estimates that in the coming days, the bitcoin price is likely to fluctuate in the range of $87,500-$93,600 with moderate volatility.

"The key drivers will be ADP employment data, retail sales, the PMI index, and especially the US inflation data expected on Thursday. If the core consumer price index confirms an annual value of 3% in November, and spending and confidence indicators turn out to be weak, pressure on the stock market will increase and negatively affect bitcoin," Giria said.

If there are signals of lower inflation, new inflows into ETFs and rising indices, bitcoin will have a reason to test the price zone of $94,500-$96,200. However, in the current conditions, an upward movement looks unlikely.

At the same time, as Girya emphasized, the global digital asset market and legal mining in Russia continue to develop steadily. Against the background of the strong position of the ruble, the fleet of computing equipment in Russian data centers is being updated, and domestic and foreign institutional investors are increasingly considering long-term investment strategies in industrial mining on the horizon of two to five years.

Prior to that, on November 14, it was reported that the bitcoin exchange rate had fallen by more than $95,000, dropping to its lowest levels since early May. As of 15:41 Moscow time, the price of bitcoin fell by 7.97% and reached the level of $ 94,863. A few minutes later, by 15:45 Moscow time, bitcoin was trading at around $ 94.9 thousand.

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