Bitcoin Price Today [LIVE] Updates On Dec 8,2025

Coinpedia

December 8, 2025 07:07:31 UTC

Bitcoin Price Eyes Major Upside on Weekly Chart

Bitcoin is testing support at the lower trendline on the weekly chart, signaling potential strength in the long-term uptrend. Key targets lie ahead: $102,000 at the Golden Ratio, $122,000 as the 2x target, and $155,000 at the 2.618 Golden Ratio level. This multi-year channel suggests that if support holds, BTC could continue climbing toward these higher levels, keeping bullish momentum intact for investors watching the weekly trend.

December 8, 2025 06:43:39 UTC

Why Bitcoin Price Is Up Today ?

Bitcoin Price climbed today, trading around $91,271, as rising odds of a rate cut by Federal Reserve fuel optimism. With futures showing an ~85% chance of a quarter-point cut at the December 9 meeting, investors are shifting toward risk assets. Lower rates typically make cryptocurrencies more attractive compared to bonds and weaken the U.S. dollar both supportive for Bitcoin. As a result, BTC has rallied as investors position ahead of possible easier monetary policy.

December 8, 2025 06:14:03 UTC

Bitcoin Price Faces a Crucial Make-or-Break Moment

Seven weeks after warning about the Gaussian Channel, Bitcoin is now trading deep inside it. This zone has historically marked the shift between a strong bull phase and early weakness. If BTC slips out of the channel entirely, it could open the door to further downside. Still, a short-term relief bounce is possible before any major move plays out, keeping markets on edge for now.

December 8, 2025 06:12:09 UTC

Bitcoin Price Tests $90K as Short-Term Pressure Builds

Bitcoin has pulled back to the $90,000 level, which is acting as short-term support for now. If BTC holds above this zone, a move toward $92,000 is likely in the near term. However, a break below $90,000 would weaken the setup and could push price back toward $88,000. With higher timeframes still unclear, Bitcoin remains sensitive to short-term moves, keeping traders cautious on direction.

December 8, 2025 06:07:36 UTC

Bitcoin Price Today Stuck Between Key Levels After Bounce

Bitcoin rebounded after dipping below recent lows, but price action remains trapped in a tight range. Buying interest has pushed BTC higher, though strong orders still sit on both sides. On the upside, the $93,662 level stands out as the next possible pull zone if momentum builds further. However, if strength fades, attention shifts back to $86,478, where heavy interest is concentrated and could attract price again.

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Binance Exchange Receives Full FSRA Authorization in Abu Dhabi

Coinpedia

Binance exchange has received full authorization from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). With this approval, Binance becomes the first global crypto exchange to place its trading, liquidity, clearing, and custody operations under a single, end-to-end regulatory framework.

The license allows Binance to operate within ADGM’s well-established regulatory system, known for strict oversight, clear rules, and strong investor protection. This approval signals a move toward closer alignment between large crypto exchanges and traditional financial market standards.

Binance CEO called the approval a major milestone for both the company and the broader crypto industry.

This is an important milestone for Binance. We have become the first global exchange to secure comprehensive regulatory approval from a world-respected regulator, FSRA of ADGM, to have our global operations and liquidity supervised end-to-end. Earning a full FSRA license reflects the strength of our foundations and our commitment to building the most trusted and compliant global exchange, while advancing responsible innovation and the future of digital finance.

How Binance Will Operate Under ADGM Rules

Binance will operate through three separately licensed entities, each handling a specific function.

Nest Services Limited, which will be renamed Nest Exchange Limited, has been approved as a Recognised Investment Exchange and will manage on-exchange activities such as spot and derivatives trading.
Nest Clearing and Custody Limited has been authorized as a Recognized Clearing House. It will be responsible for clearing, settlement, and custody of digital assets, ensuring secure asset handling and operational stability.
BCI Limited, soon to be renamed Nest Trading Limited, has received broker-dealer approval and will handle off-exchange services, including OTC trades, asset conversions, and principal trading.

This setup separates trading, custody, and brokerage functions, helping reduce risk and improve transparency.

Stronger Protection and Global Credibility for Users

Operating under ADGM’s framework places Binance under one of the strictest consumer-protection regimes in the crypto sector. Each step of the trading process, from trade execution to asset storage, will be closely regulated.

The FSRA license also strengthens Binance’s global credibility. It shows the exchange meets international standards for governance, risk management, and operational controls, at a time when regulators worldwide are demanding higher accountability from crypto platforms.

What Happens Next

Binance.com is expected to begin regulated operations under the ADGM framework on January 5, 2026, subject to final operational readiness. Users can expect clearer operational structures, stronger oversight of custody and clearing, and higher resilience under a globally respected regulatory regime.

The exchange recently crossed 300 million registered users worldwide and remains the largest crypto platform by trading volume. Binance leadership has also increased engagement with governments, including recent high-level discussions in Pakistan as the country works toward formal digital-asset regulation.

FAQs

What does Binance’s ADGM license mean for users?

This license places Binance under a strict, end-to-end regulatory framework in Abu Dhabi, offering users stronger investor protection, segregated operations, and enhanced oversight of trading and asset custody.

Is Binance now a fully regulated crypto exchange?

Binance is the first global exchange to have its core operations—trading, clearing, and custody—fully regulated under a single framework by the ADGM’s FSRA, a major step toward traditional financial standards.

When will Binance begin regulated operations in ADGM?

Binance is expected to start regulated operations on January 5, 2026, once all operational checks are complete and systems meet ADGM’s requirements.

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Ethereum’s first ZK-rollup, ZKsync Lite, to be retired in 2026

Cointelegraph

ZKsync Lite, the first-ever zero-knowledge (ZK) rollup network to launch on Ethereum, will be deprecated next year, its team says, as it has fulfilled its purpose.

“In 2026, we plan to deprecate ZKsync Lite (aka ZKsync 1.0), the original ZK-rollup we launched on Ethereum,” ZKsync wrote to X on Sunday. “This is a planned, orderly sunset for a system that has served its purpose and does not affect any other ZKsync systems.”

It added that ZKsync Lite “was a groundbreaking proof-of-concept and validated critical ideas related to building production ZK systems.”

“It did its job: prove what’s possible and pave the way for the next generation.”

Technology company Matter Labs launched ZKsync Lite in 2020, designed for fast transfers and minting non-fungible tokens (NFTs). However, it didn’t support smart contracts, which limited its use.

The network was the first to use validity proofs that instantly proved if a transaction was valid, before transactions were bundled up and sent to the Ethereum mainnet for final validation.

Matter Labs stopped development on ZKsync Lite in early 2023 after launching its zero-knowledge Ethereum Virtual Machine (zkEVM) that supported smart contracts, ZKsync Era.

ZKsync said that no immediate action was required from ZKsync Lite users, and the network is operating as usual. “Funds remain safe, and withdrawals to L1 will keep working through the process,” it added.

Its other products are similarly unaffected, and the team said it would share “concrete details, dates, and migration guidance soon” for ZKsync Lite.

Just under $50 million is currently bridged to the network, according to DefiLlama, but L2BEAT data shows it has only seen just over 330 user operations in the past day.

By comparison, ZKsync Era has a total value locked of $36.4 million and has seen over 22,000 user operations over the past day.

It comes as the blockchain could be undergoing more changes. Last month, ZKsync co-creator Alex Gluchowski proposed overhauling its ZKsync (ZK) governance token to prioritize “economic utility,” tying the token to the network’s fees.

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Bitcoin bulls must defend key level to avoid $76K, say analysts

Cointelegraph

Bitcoin is currently hovering at a critical technical level that needs to be defended to prevent major losses, according to crypto analyst “Daan Crypto Trades.”

He was referring to the 0.382 Fibonacci retracement zone, which serves as a key area of support and resistance during market cycles.

“I think this is a key area for the bulls to defend,” he said, observing that a break below it could result in a Bitcoin (BTC) fall to April lows around $76,000.

“It’s also pretty much the last major support before testing the April lows again, which would break this high time frame market structure.”

Late on Sunday, Bitcoin was hit with another short leverage flush, with leveraged positions being liquidated on both sides. The asset fell below $88,000 briefly before quickly bouncing back above $91,500.

“This is another example of manipulation on the low-liquidity weekend to wipe out both leveraged longs and shorts,” commented “Bull Theory.”

All eyes are on the Fed meeting this week

The Federal Open Market Committee’s monetary-policy meeting on Tuesday and Wednesday will conclude with a decision on rates, with a 0.25% cut widely expected.

Crypto markets have lost momentum since the October cut, as Fed Chair Jerome Powell “signaled a non-linear, data-dependent easing path rather than a clear-cutting cycle,” 10x Research head Markus Thielen said in a note shared with Cointelegraph.

Related: Bitcoin buries the tulip myth after 17 years of proven resilience says ETF expert

He added that the market now expects a 25-basis-point cut on Dec. 10, followed by a cautious tone, “which would mirror October’s hawkish execution and sustain mild pressure into year-end.”

“With volumes already depressed and ETF flows negative, upside participation remains thin while the $70,000–$100,000 BTC range holds and implied volatility continues to compress, leaving downside risk more pronounced than upside.”

Fed outlook statement will be key

Apollo Capital’s Henrik Andersson echoed the sentiment, telling Cointelegraph that a Fed rate cut this week is already priced in, but the key for the market direction will be the outlook statement. He remained cautiously optimistic for next year.

“However, with the Fed chairman being replaced in May next year, we will likely get more interest rate cuts in 2026, which should be supportive for risk assets, including crypto.”

Director of LVRG Research, Nick Ruck, agreed, telling Cointelegraph that, in addition to the Fed meeting, upcoming jobs and inflation data releases “could unlock renewed liquidity inflows and propel a broader market rebound if they align with expectations for continued monetary easing.”

Magazine: XRP’s ‘now or never’ moment, Kalshi taps Solana: Hodler’s Digest

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Robinhood to enter Indonesia by acquiring local crypto trading firm

The Block

Robinhood is acquiring a brokerage firm and a cryptocurrency trading company in Indonesia, marking the U.S. trading platform's foray into Southeast Asia's largest economy.

In a Sunday blog post, Robinhood announced that it has entered into agreements to acquire Indonesian brokerage PT Buana Capital Sekuritas and digital asset trader PT Pedagang Aset Kripto.

The deals are subject to customary closing conditions, including approval from the Indonesian Financial Services Authority. Robinhood expects both deals to close in the first half of 2026.

Robinhood plans to continue serving Buana Capital's existing brokerage customers with local financial products. The company said it hopes to introduce Robinhood's signature brokerage and crypto trading services in Indonesia, including access to U.S. equities and digital assets.

"Indonesia represents a fast-growing market for trading, making it an exciting place to further Robinhood's mission to democratize finance for all," said Patrick Chan, head of Asia at Robinhood. "We look forward to bringing Indonesians the same innovative services that have earned the trust of Robinhood customers globally."

Pieter Tanuri, the majority owner of both Buana Capital and PT Pedagang Aset Kripto, is expected to remain involved as a strategic advisor to Robinhood following the acquisitions.

Robinhood's stock closed down 3.7% at $131.95 on the Nasdaq on Friday, according to The Block's price page. The shares have risen 79.8% over the past six months.

Indonesia's growing market appeal is drawing interest from overseas exchanges. Hong Kong's OSL, for example, announced in June a $15 million acquisition deal for a 90% stake in Evergreen Crest, which runs an Indonesian crypto exchange.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

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Farcaster shifts focus to wallet service over social app, citing growth potential

The Block

Decentralized social media protocol Farcaster is shifting its focus to expanding its wallet service, moving away from a social-first approach.

In a series of posts published last week on the Farcaster platform, co-founder Dan Romero outlined the company's new direction, saying wallet growth will be key to increasing the protocol's user base.

"We tried social-first for 4.5 years … It didn't work for us," Romero wrote. "Wallet has been growing so we're doubling down on that direction. That means new features and product positioning will be wallet-focused."

In another post, Romero stated that despite the platform's efforts to achieve sufficient decentralization and rely on product-led protocol development, the team ultimately failed to find a sustainable growth mechanic for its Twitter-like social network service.

However, Romero said the in-app wallet Farcaster launched earlier this year has been growing at a fast pace. "We think it's the closest we've been to product-market fit in five years," Romero noted.

The Farcaster co-founder said users attracted to its wallet feature will ultimately become loyal users of the protocol. Farcaster plans to build out the wallet's social features using its existing social network infrastructure.

The announcement triggered mixed responses within the Farcaster community. Supporters praised the move as a pragmatic step toward scalability. Critics, however, expressed concerns over the cultural shift, and the perceived exclusion from the platform for being non-traders.

Farcaster, which operates on Ethereum Layer 2 networks including Base, has seen steady protocol adoption since its 2020 inception. However, it reported total earnings of $1.84 million in the fourth quarter of 2025, which is an 85% year-over-year decline.

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Philippines’ fastest growing digital bank rolls out crypto services

Cointelegraph

Philippines digital bank GoTyme, which has 6.5 million customers, has rolled out crypto services in the Philippines following a partnership with US fintech firm Alpaca.

A total of 11 crypto assets can now be bought and stored in GoTyme’s banking app via an auto conversion from the Philippine peso to USD, including Bitcoin (BTC), Ether (ETH), Solana (SOL), Polkadot (DOT) and a host of other altcoins.

It is unclear if the firm will offer more sophisticated trading services in the future; however, the focus appears to be on simplicity and ease of access.

“Our product focuses on simplicity and reliability, designed for people who want to buy crypto confidently without complicated technical analysis or managing multiple apps,” said GoTyme CEO Nate Clarke.

GoTyme was launched in October 2022, with Nikkei Asia reporting in September that the bank has built up a client base of over 6.5 million people in the Philippines to date.

The digital bank was formed via a partnership between Singapore-based unicorn Tyme Group and Filipino conglomerate Gokongwei Group.

According to GoTyme’s website, the app is designed to enable users to set up a bank account and debit card within 5 minutes, suggesting users could have easy access to crypto.

GoTyme eyes growth in South East Asia

With plans to expand into Vietnam and Indonesia, the firm is looking to capture market share in the rapidly growing digital banking sector in Southeast Asia.

Related: French banking giant BPCE to launch in-app crypto trading: Report

In a recent article from the Digital Banker, Clarke stated that the bank is focused on scaling rapidly and won’t be eyeing profitability until 2027.

“We are very much still in a growth phase. We are not optimising for profitability at the moment. What matters to us is building a growing and engaged customer base,” Clarke said.

The Philippines is no lightweight in terms of crypto adoption, ranking ninth on Chainalysis’ 2025 Global Crypto Adoption Index Top 20, with the government weighing up a bill to create a strategic reserve with 10,000 BTC this year.

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