Bitcoin Up 2.37% to $92,350 Post-Fed Cut; Sideways Trading Expected

• Bitcoin gained 2.37% to reach $92,350 on December 12, following a 25 basis point rate cut by the US Fed.
• Experts predict Bitcoin will likely trade sideways between $88,000 and $94,000 in the near term.
• Other major cryptocurrencies like Ethereum and Solana also saw gains, while Cardano experienced a slight dip.
• Key crypto market developments include Do Kwon's sentencing and new partnerships for crypto payments.
• The SEC approved DTCC's plan for tokenizing stocks, bonds, and treasuries.

Why It Matters: It reveals the crypto market's current state and future direction amid shifting dynamics.