Bitcoin's Tight Range, Regulatory Limbo, and Do Kwon's Fate
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Bitcoin's Tight Range, Regulatory Limbo, and Do Kwon's Fate
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About this listen
You’re hanging out with Crypto Willy, and this week in The Bitcoin & Cryptocurrency Investment Show has been all about **compression, regulation, and courtroom drama**.
Let’s start with **Bitcoin**. According to CNBC Crypto World, Bitcoin slipped back under the **$90,000** mark after spending several days above it, turning negative on the week even as the **S&P 500** floated higher on friendlier inflation vibes. CNBC’s traders blamed a mix of profit‑taking and macro uncertainty while everyone waits on the next **Federal Reserve** rate decision. Over on U.Today, analysts watched Bitcoin punch through local resistance around **$89,800**, warning that if bulls can’t keep it above that zone, a retest toward **$88,000–$86,000** is still on the table. At the same time, CoinDesk reported that Bitcoin is chopping in a tight range with a “fair value” cluster near **$92,300**, basically a stalemate between buyers and sellers.
Macro‑wise, Investing.com pointed out that weekly **U.S. jobless claims** remain low and traders are still pricing in a **25‑basis‑point rate cut** at the December Fed meeting. Lower rates are historically a tailwind for risk assets like Bitcoin, but in the near term it’s more like a coiled spring: Bitcoin has been consolidating between roughly **$85,000 support** and **$95,000–$100,000 resistance**, with volatility compressing hard. Coinpedia called this a “high‑tension consolidation zone,” the kind of structure that usually breaks big in one direction. Meanwhile, price‑prediction desks like Changelly still see Bitcoin hovering in the **low‑$90Ks** into late December, with sentiment gauges leaning fearful rather than euphoric.
On the **regulatory and policy** front, CNBC highlighted comments from **Summer Mersinger**, the CEO of the **Blockchain Association**, about their upcoming policy summit in **Washington, D.C.** She flagged that U.S. **market‑structure legislation** for crypto is dragging thanks to the recent government shutdown and the looming risk of another one early next year. Add in the 2026 midterm election cycle and you’ve got a Congress with attention span problems, which means U.S. crypto rules could stay in limbo longer than the industry hoped.
Courtroom news also hit the tape. CNBC reported that prosecutors have recommended a **12‑year prison sentence** for **Do Kwon**, the former **Terraform Labs** boss behind the **TerraUSD** and **LUNA** collapse. That case is still one of the biggest reminders that not all “stable” or “algorithmic” systems are created equal, and regulators are using it as Exhibit A in their push for tougher oversight on stablecoins and high‑yield schemes.
Zooming out, traditional finance skeptics are still loud. The Bahnsen Group, in a December note titled “Why We Do Not Own Bitcoin (and never will),” reminded their clients that Bitcoin fell from about **$122,000** in early October to around **$88,000** by early December, a roughly **28% drawdown**, as proof that they see it as speculation, not money. On the other side, crypto‑native analysts argue that this is just classic post‑rally mean reversion inside a much bigger long‑term adoption curve.
So where does that leave the everyday investor like you and me? We’ve got **Bitcoin pinned in a tightening range**, Fed policy acting like a gravity well, D.C. still writing the rulebook on the fly, and high‑profile cases like **Do Kwon** shaping how regulators think about risk. It’s one of those moments where patience, risk management, and time horizons matter more than flashy price targets.
Thanks for tuning in to The Bitcoin & Cryptocurrency Investment Show with me, **Crypto Willy**. Come back next week for more on-chain gossip, macro noise, and signal from the crypto frontier. This has been a **Quiet Please** production, and if you want more from me, check out **QuietPlease dot A I**.
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