December 9, 2025
Mish's Daily
By Mish Schneider
Bitcoin's price increased by 5% over the last 24 hours, with its daily trading volume growth of 5% outpacing the overall market
This move comes as prominent figures advocate for expanding Bitcoin banking.
Also, there is anticipation of a Fed rate cut, perhaps up to .5%.
Meanwhile, there was an influx of market participants with new traders jumping by 62%.
The biggest gainers of the top cryptos were Ethereum and Chainlink, up 6.4% and 5.1% respectively.
The bigger point- was today the bottom as we end 2025 and look forward to a much bigger run in 2026?
The chart you see is IBIT, the ETF iShares Bitcoin trust.
Today, IBIT showed outperformance to the SPY.
Momentum has a lot more to run.
And the price remains below the 50 and 200 moving averages.
An even better chart is ETHE the Ethereum ETF.
Ethereum traded to $3,328.
ETHE cleared the 200-DMA and the July 6-month calendar range high.
That is very bullish if holds.
And the best part is that we will know right away if today’s low holds up.
If so, we need to see Bitcoin run more.
Over $100,000 is key.
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ETF Summary
(Pivotal means short-term bullish above that level and bearish below)
S&P 500 (SPY) 677 support
Russell 2000 (IWM) 245 support
Dow (DIA) 475 support
Nasdaq (QQQ) 620 support
Regional banks (KRE) 65 pivotal
Semiconductors (SMH) 360 support
Transportation (IYT) Possible correction in store-watch 74 as support
Biotechnology (IBB) 166 holds as best bullish case-160 the more major support
Retail (XRT) 85 support
Bitcoin (BTCUSD) 88k pivotal must hold and next point to clear 94k
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