Аналитики предсказывают затяжной спад на рынке криптовалют вместо традиционного ралли Translation: Analysts predict a prolonged downturn in the cryptocurrency market instead of a traditional rally.

The reduction of the key interest rate by the Federal Reserve will not be enough to spark an immediate rise in the cryptocurrency market. Analysts warned in a conversation with The Block that the cautious stance of the regulator will delay the bitcoin’s return to its ATH at least until spring.

On December 11, the price of the leading cryptocurrency dropped to $90,000, after briefly reaching $94,500 following the Fed’s meeting. Ethereum also fell below $3,200. The market is following a familiar trend: prices decreased after seven of the last eight meetings of the American regulator.

Fed Chair Jerome Powell described the interest rate as being in «neutral territory,» but he emphasized that future decisions will depend on incoming data. A division within the committee was noted, with the vote passing by a narrow margin of nine to three, marking the highest number of dissenters since 2018.

Paul Howard from Wincent pointed out that the scale of the reduction and the mixed signals from the committee are «insufficient for new highs before Easter.» Coin Bureau co-founder Nick Pakrin highlighted that the current situation adds uncertainty and dampens hopes for a traditional «Santa Claus rally.»

Meanwhile, the Fed announced the purchase of $40 billion in treasury bills to maintain liquidity. Matt Howells-Barby, head of growth at Kraken, believes this could provide support for the crypto market in early 2026. However, he cautioned about the risks of policy tightening due to the rotation of voting members in the Fed.

Senior market strategist at Creative Planning, Charlie Bilello, pointed out the paradox of the current cycle.

He stated that stocks, real estate, gold, money supply, and US government debt are at historical highs, while inflation remains at 4% (twice the target). Despite this, the regulator continues to ease policy.

«Liquidity is winning today, but sustainability will be questioned tomorrow. It’s an environment where markets celebrate in the short term, but macroeconomic contradictions persist,» Bilello emphasized.

Amid the correction, some analysts see a favorable moment to enter the market. Crypto researcher Quentin François noted that «extreme levels of oversold conditions present extreme opportunities.»

His statements are supported by data on fund flows. Spot bitcoin ETFs attracted $224 million in net investments.

Timothy Misir, head of research at BRN, characterized the situation as a «hawkish cut.» According to his data, institutional investors continue to buy into the dips: since December 1, large wallets have accumulated more than 42,500 BTC. The downward pressure on prices mainly comes from retail sales.

It is worth noting that Saad Ahmed, head of the Asia-Pacific department at Gemini exchange, stated that the cryptocurrency market lacks volatility to kickstart a full-fledged altcoin season.