Looks like it’s downward December, based on how the month started off. Which is just pouring salt onto our wounds after the so-called “Up-tober” turned out to be a cruel joke.

It’s the one month crypto is supposed to moon, and instead we’ve been going downhill ever since. 😭

December 1st greeted us with a 7% dip with Bitcoin going below $85,000 at one point. Yeah, thats down a brutal 32% cut from the $126k glory of October. 📉

Other cryptos got hit too, with Ethereum bleeding down to $2,800, but honestly? Everyone kinda got hit, with even stock indices not looking positive after the Thanksgiving weekend.

So, what’s up? A few things.

Everyone’s eyeing the Fed’s Dec 9-10 meeting, which currently has a 87% chance of a cut, sure, but Wall Street is not exactly excited — “lower rates” stopped being rocket fuel months ago. 😒

Add that to the post-Thanksgiving hangover and classic tax-loss harvesting season, and you have people dumping winners and losers alike to pretty up their 2025 tax bill.

Combine all that with the usual December thin liquidity and you’ve got a recipe for pain. 🤕

But let’s talk about the bigger picture. For now, analysts aren’t too worried, but warn to expect the price of Bitcoin to hover in this low range for a bit and for the volatility to remain high for the time being.

Aka…. this is a natural correction, nothing more, nothing less.

And next year, the mid to long-term outlook is that things will be back in the 6-figures again, with some price predictions going as high as 135,000 for 2026. 🚀

Nice, and worth the wait, but it will partially depend on whether the Fed keeps cutting and people keep buying every dip.

Until then, volatility stays spicy, liquidity stays trash, and December is doing what December does best – taking out the greedy and the leveraged. 😈