Bitcoin holds steady at $88,500—what's next?
Bitcoin has been chilling between $86,000 and $92,000, sitting at $88,887.89 as of December 22.
This steady run is giving investors hope for some year-end gains.
With the Federal Reserve hinting at rate cuts soon, more people might start looking at crypto for bigger returns.
What's the vibe in the market?
To keep rising, Bitcoin needs to break past $90,000.
Right now, the Fear & Greed Index is at 29—so there's a lot of caution out there.
Still, nearly half of the last month's days were "green," and Bitcoin now makes up 57% of the crypto market.
That means altcoins are feeling squeezed (the Altcoin Season Index is just 17).
New tax breaks could boost crypto
US lawmakers want to make things easier by proposing a $200 tax exemption on stablecoin payments and delaying taxes on staking rewards.
Plus, with the Fed planning to add $6.8 billion into markets this week, Bitcoin could get an extra push.