After nearly a full week of rising prices, the crypto market is down today, with the cryptocurrency market capitalisation falling by 1.1%, now standing at $3.23 trillion. 90 of the top 100 coins have gone up over the past 24 hours. At the same time, the total crypto trading volume is at $114 billion.

Crypto Winners & Losers

At the time of writing, all top 10 coins per market capitalization have seen their prices rise over the past 24 hours. Two recorded double-digit increases.

Bitcoin (BTC) fell by 1.2% since this time yesterday, currently trading at $92,227.

Bitcoin (BTC)

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Ethereum (ETH) is down by 0.6%, now changing hands at $3,169. This is the smallest decrease among the ten.

XRP saw the highest fall, going down by 3.9% to $2.09.

It’s followed by Solana (SOL)’s 3% to $139.

The only coin to see an increase is Tron (TRX), having gone up 2.4% and currently standing at $0.2868.

Looking at the top 100 coins, we find that only 10 appreciated over the past day.

Provenance Blockchain (HASH) increased the most in the category: 18.5% to the price of $0.02584.

Zcash (ZEC) follows with a 10.2% increase to $396. The rest are up below 4%.

On the other hand, Hyperliquid (HYPE) and Pump.fun (PUMP) fell the most. The former is down 5.6% to $33, while the latter fell 5.4% to $0.003101.

The shift in the market follows a mix of labour data, central bank moves, and choppy equity markets in Asia, Europe and the US.

Meanwhile, major Korean Woori Bank has begun displaying BTC prices inside its main trading room in Seoul. This is the first time a commercial bank in the country has integrated a crypto price feed directly into its main dealing space.

“As digital assets continue to grow in prominence and influence in global financial markets, we determined that they should be monitored as a key indicator to better read overall market trends,” an official said.

‘Holding $96K–$106K Is Critical’

According to Glassnode, Bitcoin stabilized above the critical valuation anchor, the True Market Mean (the cost basis of all non-dormant coins).

“This level often marks the dividing line between a mild bearish phase and a deep bear market,” the analysts explain.

However, the broader market structure is still increasingly mirroring the dynamics of Q1 2022, with over 25% of supply underwater.

“This creates a fragile balance between the risk of top-buyer capitulation and the potential for seller exhaustion to form a bottom. Nevertheless, the current structure remains highly sensitive to macro shocks until the market can reclaim the 0.85 quantile (~$106.2K) as support.”

Importantly, holding $96,000–$106,000 is critical to avoid further downside, says the report.

Furthermore, Bitunix analysts noted that the US will release the September PCE inflation data today. The result will directly influence the December rate decision. The probability of a 25-basis-point rate cut currently stands at 87%, the analysts say.

Ahead of this release, “the market has entered a compressed-volatility, wait-and-see structure, with BTC’s key battleground concentrated between $91,000–$95,000. If the data confirm continued disinflation, the probability of a year-end rebound will rise; otherwise, the choppy structure is likely to persist, with capital flows shifting back toward defensive and short-duration positioning.”

Levels & Events to Watch Next

At the time of writing on Friday morning, BTC stood at $92,227. It started the day with the high of $93,577, gradually decreasing to the current price. Very briefly, it fell to the intraday low of $91,029.

Looking at the past week, we’ve seen the price increase just below 1%. In this period, BTC moved between $84,553 and $93,855.

If the price continues falling, it could go back to the $90,000 level, possibly below. On the other hand, a bullish shift could push it to $96,500 and towards the $100,000 mark.

Ethereum is currently changing hands at $3,169. It initially jumped to the intraday high of $3,217 before briefly plunging to the low of $3,076. It has recovered quickly.

ETH has outperformed BTC in the 1-week timeframe. It’s up 5%, trading in the $2,736-$3,222 range.

A bullish breakout of the $3,350 resistance could confirm a bullish trend reversal. This would clear a path for the price to move above $3,500 and then towards $4,000. However, should the decline continue, we may see a pullback towards $2,900.

Meanwhile, after a couple of days of increases, the crypto market sentiment reversed course and dropped again within the fear territory. The crypto fear and greed index stands at 25 today, compared to 27 yesterday.

Given the level of uncertainty among the market participants at the moment, it wouldn’t be surprising if the index drops back into the extreme fear zone. It would take a significant push from major macroeconomic news for it to quickly move out of the fear and into the neutral zone in the short term. Therefore, it will likely take time.

ETFs Go Red

On Thursday, 4 December, the US BTC spot exchange-traded funds (ETFs) saw a second straight day of outflows with $194.64 million. The total net inflow pulled back to $57.56 billion.

Of the twelve BTC ETFs, five recorded outflows, and none saw inflows. BlackRock accounts for the majority of the negative flows, letting go of $112.96 million. Fidelity follows with $54.2 million.

The US ETH ETFs also posted negative flows on Thursday. They saw $41.75 million in outflows. The total net inflow now stands at $12.95 billion.

Of the nine funds, one recorded inflows, and three saw outflows. BlackRock took in $28.35 million, while Grayscale let go of $30.96 million.

Notably, Strategy, the world’s largest corporate BTC holder, has earmarked a $1.44 billion US dollar reserve as a liquidity buffer against a prolonged market downturn. CryptoQuant argues that this move signals preparation for a potential bear market phase.

Strategy said it may also sell BTC or BTC derivatives as part of its risk-management toolkit if market conditions deteriorate.

Meanwhile, quantitative trading firm Jane Street took a stake in the company called Antithesis, which claims to have strengthened the Ethereum blockchain. Jane Street led the company’s Series A funding round, where it received $105 million in total.

Quick FAQ

1. Why did crypto move with stocks today?

The crypto market recorded a decrease over the past 24 hours, while the US stock market saw a mixed session on Thursday. By the closing time on 4 December, the S&P 500 was up by 0.11%, the Nasdaq-100 decreased by 0.097%, and the Dow Jones Industrial Average fell by 0.067%. This followed a fresh set of data on the US labour market and preceded a key inflation reading set for today.

2. Is this drop sustainable?

Minor drops are common for the markets, and today’s is not out of the ordinary. Analysts argue that we could still see the rally continue, at least in the next few weeks, unless the market is hit by a major macro shock.

The post Why Is Crypto Down Today? – December 5, 2025 appeared first on Cryptonews.

The crypto market is up today, seeing a much smaller increase than yesterday, with the cryptocurrency market capitalisation rising by 0.7%, now standing at $3.26 trillion. 75 of the top 100 coins have gone up over the past 24 hours. At the same time, the total crypto trading volume is at $162 billion.

Crypto Winners & Losers

At the time of writing, all top 10 coins per market capitalization have seen their prices rise over the past 24 hours. Two recorded double-digit increases.

Bitcoin (BTC) appreciated by 0.4% since this time yesterday, currently trading at $93,351. This is the second-smallest increase in the category.

Bitcoin (BTC)

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Ethereum (ETH) is up by 4.6%, now changing hands at $3,194. This is the highest increase among the ten.

It’s followed by Binance Coin (BNB)’s 1.4% to $910.

The smallest increase is 0.1% by Tron (TRX), currently standing at $0.2803.

At the same time, two coins have gone red since yesterday. XRP is down 0.7% to $2.17, while Dogecoin (DOGE) fell 0.1% to $0.15.

In the top 100 coins, 75 appreciated over the past day. Bittensor (TAO) appreciated 8.3% to the price of $310.

Zcash (ZEC) follows with an 8% decrease to $363.

On the other hand, Provenance Blockchain (HASH) fell the most in the category: 10.8% to the price of $0.02193.

Hedera (HBAR) is next, having dropped 3.4% to $0.1424.

Meanwhile, Bitfinex argued that the market is showing “seller exhaustion” after a period of heavy deleveraging and panic-driven exits by short-term holders.

“The combination of extreme deleveraging, capitulation among short-term holders, and early signs of seller exhaustion has created the conditions for a stabilisation phase and a relief bounce,” it said.

‘Staying In Structurally Volatile, Range-Bound Regime’

Bitunix analysts commented that the market is entering a composite phase of “macroeconomic turning-point expectations plus internal capital rotation within crypto.” This is against the backdrop of weakening employment and rising rate-cut expectations.

Also, ETF flows and liquidation structures suggest a divergence in risk appetite, not a synchronized expansion.

“In the short term, the market remains in a structurally volatile, range-bound regime,” the analysts say. “Going forward, close attention should be paid to whether rate expectations are revised further downward and whether capital continues to rotate from Bitcoin into higher-beta assets, as these factors will determine the risk level and trend slope of the next phase of the market.”

Meanwhile, Alexis Sirkia, Chairman of Yellow Network, argues that “the market’s current late-cycle fragility is not a pricing problem, but an architectural one.”

The trustlessness that drove initial innovation in Web3 is now lost amidst systems that burden themselves with on-chain settlement of every micro-transaction, the Chairman says. “This is why the entire asset class still remains tethered to the movements in Big Tech and equity markets.”

Moreover, real decoupling of crypto from TradFi will be driven by increased operational efficiency and by ETF inflows, be it for BTC or the emerging XRP products.

“We are witnessing the final phases of the Layer 1 and Layer 2 scaling debate,” Sirkia says. “The future requires a high-performance Layer 3, that operates off-chain, delivering the millions of transactions per second required for real-world utility.”

Additionally, the next step for DeFi is a new utility layer, not a new asset class. “The projects and tokens that transition to high-throughput, low-friction architecture will revive the industry, and propel it to greater heights.”

Levels & Events to Watch Next

At the time of writing on Thursday morning, BTC stood at $93,351. It was quite a choppy trading day for the coin, overall moving between $91,958 and $94,000.

It has also increased by 2.3% over the past week, trading in the $84,553–$93,855 range.

Moving above $96,000 would leave the door open for the price to surpass $100,000 and $112,000. On the other hand, a drop below $90,000 may lead to another drop to the $80,000 level.

Ethereum is currently changing hands at $3,194. Its trading day was notably steadier than BTC’s. It saw a relatively gradual increase from the intraday low of $3,039 to the intraday high of $3,231.

Moreover, it increased by 5.6% in the 7-day period, trading between $2,736 and $3,222.

If the bull keeps running, ETH could reclaim the $3,500 level. This would enable it to rise further towards $3,650 and $3,820.

Meanwhile, the crypto market sentiment saw another increase today within the fear territory. The crypto fear and greed index stands at 27 today, compared to 22 yesterday.

As a reminder, the sentiment sat at just 16 two days ago, firmly within the extreme fear zone.

We are seeing notable increases in optimism, but it doesn’t mean that the market participants are any less cautious or worried about short-term outcomes. They’re awaiting further economic data.

ETFs Post Another Mixed Day

On Wednesday, 3 December, the US BTC spot exchange-traded funds (ETFs) broke the inflow streak, recording $14.9 million in outflows. With this, the total net inflow pulled back slightly to $57.76 billion.

One of the 12 BTC ETFs recorded inflows, and three saw outflows. BlackRock took in $42.24 million.

At the same time, Ark&21Shares recorded outflows of $37.09 million, while Grayscale let go of $19.7 million.

On the other hand, the US ETH ETFs broke a brief streak of negative flows. On Wednesday, it saw $140.16 million in inflows. The total net inflow now stands at $13 billion.

Of the nine funds, five recorded inflows, and none saw outflows. Of these, BlackRock took in the most, posting $53.01 million in inflows. Fidelity is next, with $28.11 million in positive flows.

Meanwhile, the US Securities and Exchange Commission (SEC) blocked the launch of 3-5x leveraged crypto ETFs. These vehicles are designed to deliver three to five times the daily performance of stocks and cryptocurrencies.

One of the key issues is a rule that limits how much leverage a fund can use. It caps a fund’s value-at-risk exposure at 200% of its reference benchmark.

Quick FAQ

1. Why did crypto move with stocks today?

The crypto market saw a minor increase over the past 24 hours, while the US stock market posted another day of gains during its Wednesday session. By the closing time on 3 December, the S&P 500 was up by 0.3%, the Nasdaq-100 increased by 0.2%, and the Dow Jones Industrial Average rose by 0.86%. This is also the seventh time in eight sessions that major indexes ended higher.

2. Is this rally sustainable?

Analysts argue that there is still room for the market to rise, even if we see drops along the way. Per charts, many say, we may see a rally continue until the end of this year and possibly into the beginning of the next.

The post Why Is Crypto Up Today? – December 4, 2025 appeared first on Cryptonews.

The crypto market is up today, seeing a more convincing push up than yesterday, with the cryptocurrency market capitalisation rising by 7.4%, now standing at $3.24 trillion. 95 of the top 100 coins have gone up over the past 24 hours. At the same time, the total crypto trading volume is at $189 billion.

Crypto Winners & Losers

At the time of writing, all top 10 coins per market capitalization have seen their prices rise over the past 24 hours. Two recorded double-digit increases.

Bitcoin (BTC) appreciated by 7% since this time yesterday, currently trading at $92,992. This is actually the second-smallest rise in the category.

Bitcoin (BTC)

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Ethereum (ETH) is up by 9.1%, now changing hands at $3,055. This is the third-highest increase among the ten.

The biggest gainer is Solana (SOL), with a 12.1% jump to $141.

It’s followed by Dogecoin (DOGE)’s 11.3%, which is now trading at $0.1506.

The smallest increase is 0.8% by Tron (TRX), currently standing at $0.2801.

In the top 100 coins, 95 appreciated over the past day. Notably, 23 of these recorded double-digit rises.

At the top we find Sui (SUI), which is up 30.8% to the price of $1.75.

Chainlink (LINK)is next, having appreciated 19.6% to $14.41.

Of the five red coins, LEO Token (LEO) fell the most: 4.3% to $9.42.

MemeCore (M) follows with a 3.7% drop, currently trading at $1.33.

Notably, Vanguard has reopened access to BTC ETFs for its more than 50 million clients. Bloomberg ETF analyst Eric Balchunas argued that this may be a potential catalyst that could push BTC toward $100,000 as the market heads into 2026.

Moreover, the United Kingdom has formally recognized cryptocurrencies and stablecoins as legal property through a new Act of Parliament. The Property (Digital Assets etc) Bill was granted royal assent. With the approval of King Charles, digital assets will now be protected under property law.

“This gives digital assets a much clearer legal footing, especially for proving ownership or recovering tokens after fraud,” trade body CryptoUK said.

‘A Remarkable Recovery’

Nic Puckrin, investment analyst and co-founder of The Coin Bureau, commented that BTC has staged “a remarkable recovery” over the past 24 hours. It’s the result of “a perfect storm of good news that has finally tipped the balance over in favor of the bulls.”

Firstly, Vanguard finally lifted its long-standing ban on Bitcoin ETFs. “More and more dominoes fall as even the staunchest opponents of crypto succumb to investor demand,” Puckrin says.

Secondly, Bank of America is now recommending a 1%-4% portfolio allocation to crypto. This could bring up to $700 billion in extra liquidity into the asset. This is “with the caveat that not all households will choose to add crypto to their portfolios.”

Thirdly, it also looks likely that crypto-savvy rate-cut proponent Kevin Hassett will be the next US Federal Reserve chair. “With a rate cut on December 10^th largely priced in, all eyes are now on 2026 monetary policy expectations, and so Hassett would be a welcome appointment for markets.”

As a result, the analyst says, BTC has shot up to a key resistance level between $93,000 and $95,000. Notably, this also acted as a resistance zone back in April.

If BTC pushes through this, it will attempt to breach the $100,000 threshold again. The 50-week simple moving average (SMA) at $102,000 is a key level to watch. “It all depends on whether US buyers continue this momentum when the New York market opens this morning,” Puckrin says.

“It’s encouraging that BTC has held steady above the $82,000 support level, and broke through the $89,000 – the cost basis for all ETF buyers. We’re not out of the woods yet, but December may be shaping up to be a far better month than its predecessor, and a Santa rally is certainly not off the cards,” Puckrin concludes.

Levels & Events to Watch Next

At the time of writing on Wednesday morning, BTC stood at $92,992. It recorded a significant increase from the intraday low of $86,410, over the $90,000 mark, and to the high of $93,928.

This is also BTC’s intraweek high. Overall, the coin turned green in the 7-day period, appreciating 5.8%.

If the rally continues, BTC has a chance to push above $98,000 and subsequently $100,000. This would open a path for further gains.

Ethereum is currently changing hands at $3,055. This price started the day with $2,785 but managed to rise back to the $3,000, reaching an intraday high of $3,083.

ETH as well turned green in the 1-week timeframe, having appreciated 3.8% at the time of writing.

It’s now looking toward the $3,150 and $3,230 marks. Pushing past this could lead to additional gains and a rise to $3,500.

Meanwhile, the crypto market sentiment saw a notable rise today, exiting the extreme fear territory and entering the fear territory. The crypto fear and greed index stands at 22 today, compared to 16 yesterday.

While there is a slight increase in optimism, macro uncertainty continues to dominate among market participants, weighing on sentiment.

ETFs Post Another Mixed Day

On Tuesday, 2 December, the US BTC spot exchange-traded funds (ETFs) saw inflows for the fifth day in a row, with $58.5 million. The total net inflow is now at $57.77 billion.

Three of the 12 BTC ETFs recorded inflows, and one saw outflows. After two days of outflows, BlackRock took in $120.14 million. Fidelity and Bitwise follow with $21.85 million and $7.44 million, respectively.

At the same time, Ark&21Shares recorded outflows of $90.94 million.

Moreover, the US ETH ETFs saw a second day of negative flows, letting go of another $9.91 million on Tuesday. With this, the total net inflow pulled back slightly to $12.86 billion.

Of the nine funds, two recorded inflows, and one saw outflows. Fidelity and Grayscale are green today, recording inflows of $50.65 million and $28.11 million, respectively.

However, BlackRock took the entire category into red as it posted $88.68 million in outflows.

Meanwhile, Vanguard has reopened access to BTC ETF for its more than 50 million clients. Bloomberg ETF analyst Eric Balchunas argued that this may be a potential catalyst that could push BTC toward $100,000 as the market heads into 2026.

Moreover, Bank of America has allowed more than 15,000 of its wealth advisers to recommend Bitcoin ETFs to clients for the first time.

Quick FAQ

1. Why did crypto move with stocks today?

The crypto market has posted a notable increase over the past 24 hours, while the US stock market posted gains on Tuesday, boosted by BTC and tech companies gains. By the closing time on 2 December, the S&P 500 was up by 0.25%, the Nasdaq-100 increased by 0.94%, and the Dow Jones Industrial Average rose by 0.39%.

2. Is this rally sustainable?

Today’s increase is a more notable one than what we saw yesterday, potentially forming a base for another leg up. Even if the market turns red in the short-term, many analysts still expect additional gains.

The post Why Is Crypto Up Today? – December 3, 2025 appeared first on Cryptonews.

Despite starting the month with a drop, the crypto market is up today, even if slightly, with the cryptocurrency market capitalisation rising by 0.5%, now standing at $3.03 trillion. 63 of the top 100 coins have gone up over the past 24 hours. At the same time, the total crypto trading volume is at $163 billion.

Crypto Winners & Losers

At the time of writing, 3 of the top 10 coins per market capitalization have seen their prices rise over the past 24 hours, while the rest remained in red.

Bitcoin (BTC) appreciated by 1% since this time yesterday, currently trading at $87,010. This is the highest rise in the category.

Bitcoin (BTC)

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Ethereum (ETH) is down by 0.5%, now changing hands at $2,810.

Two more coins are green this morning: Solana (SOL) and Binance Coin (BNB). SOL is up by 0.7% to $127, while BNB appreciated 0.4% to $829.

On the other side, the highest drop is 1.1% by XRP, currently standing at $2.02.

It’s followed by Dogecoin (DOGE)’s 0.7%, which is now trading at $0.1359.

In the top 100 coins, 37 recorded decreases.

At the top of the red list we find Canton (CC). It’s down 7.8% to the price of $0.07674.

Zcash (ZEC)follows with a 7.5% decrease to the price of $332.

On the green side, two coins saw double-digit increases. Rain (RAIN) is up 14.4%, now trading at $0.008129.

Provenance Blockchain (HASH) appreciated 10.8% to $0.02348.

Meanwhile, some of the latest economic data in the US suggest a softer tone, which has boosted expectations that the Federal Reserve is approaching a turn in policy.

Market participants are awaiting a fresh batch of economic data releases this week and any comment by the Federal Reserve that would indicate its direction.

‘Meaningful Probability of Sub-$80K BTC to Start 2026’

Nick Forster, Founder at onchain options platform Derive.xyz, commented that markets plunged overnight. This happened as global liquidity tightened and confidence in crypto deteriorated further following the Yearn hack.”

Moreover, global risk assets were hit by the Bank of Japan’s signal that it may raise rates. This increased fears that liquidity could dry up.

The market saw almost $1 billion in liquidations in 24 hours, with $400 million in BTC wiped out and $240 million in ETH perps liquidated.

“Volatility surged in response,” Forster says, and skew collapsed. “The move reflects aggressive demand for downside protection as traders reposition for further weakness.”

“Skew’s sharp step lower shows traders stacking puts, especially into the December 26 expiry, where open interest has concentrated at the $84K and $80K strikes. That positioning implies a meaningful probability of sub-$80K BTC to start 2026.”

He concluded that “I don’t believe the bottom is in. Short-dated volatility now sits above long-dated BTC volatility, signalling that the market expects outsized swings as we head into the new year.”

Moreover, Bitfinex analysts found that the scale of the losses surpasses the realised-loss waves seen at the two major lows earlier in the current cycle, notably during August 2024 and April 2025. This signals “a more pronounced erosion of confidence.”

“Such heavy loss realisation is characteristic of a market under stress, and one actively seeking liquidity as participants increasingly exit positions at a loss due to fading momentum and deteriorating sentiment,” the analysts argue.

They noted that these spikes in realised losses historically tend to occur near the later stages of corrective phases, as price drops flush out weaker hands before stability can be restored.

“The market is now operating on a leaner leverage base, which reduces the likelihood of sudden, liquidation-driven volatility and reflects a more cautious, defensive stance across futures markets,” they said and added that “the marketʼs remaining leverage is relatively well-contained, reducing systemic fragility and improving the prospects for a more stable consolidation phase.”

Levels & Events to Watch Next

At the time of writing on Tuesday morning, BTC stood at $87,010. The coin initially fell from the $86,800 level to the intraday low of $83,989. It subsequently and gradually increased to the intraday high of $87,155.

Over the past week, the price fell by 1.3%, trading in the $84,553–$92,346 range.

Should BTC continue rising, it could take back the $90,000 mark. This would open doors for a push to $97,000 and $100,000. On the other hand, a drop would lead below $83,000.

Ethereum is currently changing hands at $2,810. It plunged from the day’s high of $2,844 to the low of $2,724. It has recovered to the current price since.

It decreased by 4.3% in a week, trading between $2,736 and $3,072 over the past week.

The price may now move below the $2,700 level and towards $2,500. If the tides turn, ETH has a chance to reclaim the $3,000 mark, followed by $3,130.

Meanwhile, after standing unchanged for three days, the crypto market sentiment has tumbled back into the extreme fear territory. The crypto fear and greed index stands at 16 today, compared to 20 yesterday.

Market participants are getting more concerned about the market’s immediate trajectory.

“Macro uncertainty continues to dominate. A BOJ tightening, ambiguity around a U.S. Fed cut, and softening demand from DATs like STRAT all weigh on sentiment,” Nick Forster said.

ETFs Start December With Mixed Picture

The US markets were closed on Thursday for the country’s Thanksgiving holiday, then worked shorter on Friday.

On Monday, 1 December, the US BTC spot exchange-traded funds (ETFs) saw inflows of $8.48 million. This hasn’t done much to change the total net inflow of $57.71 billion.

Two of the 12 BTC ETFs recorded inflows, and one saw outflows. Fidelity added $67.02 million, while Ark&21Shares added $7.38 million.

At the same time, BlackRock recorded outflows for the second day in a row of $65.92 million.

Moreover, the US ETH ETFs broke the positive flows streak on the first day of this month, letting go of $79.06 million on Monday. With this, the total net inflow pulled back to $12.87 billion.

One of the nine funds recorded inflows, and four saw outflows. BlackRock is the only green company on this list, adding $26.65 million.

At the same time, Grayscale saw $49.79 million in outflows, followed by Fidelity’s $31.62 million.

Meanwhile, Vanguard, the world’s second-largest asset manager, is opening its brokerage platform to crypto-focused ETFs and mutual funds.

Starting Tuesday, the firm will let clients trade third-party funds that primarily hold cryptocurrencies such as BTC, ETH, XRP, and SOL.

Moreover, BitMine Immersion Technologies bought more ETH during the latest market downturn, adding nearly $70 million worth of the coin in three days.

The company says it now holds around 3.7 million ETH at an average cost of $3,008 per token.

Quick FAQ

1. Why did crypto move against stocks today?

The crypto market has posted a small increase over the past 24 hours, while the US stock market closed the first session of this month lower. By the closing time on 1 December, the S&P 500 was down by 0.53%, the Nasdaq-100 decreased by 0.36%, and the Dow Jones Industrial Average fell by 0.9%. Investors’ concerns about valuations of big tech firms and spending on AI is still quite high.

2. Is this rally sustainable?

This is not a rally, as the market barely moved today. What’s more, since the month began, the market is actually moving in a very tight range. While it may decrease in the short-term, analysts argue that it also has room to grow more.

The post Why Is Crypto Up Today? – December 2, 2025 appeared first on Cryptonews.

The cycle is not over yet, major companies’ execs argue. The Bitcoin (BTC) drawdown is the result of sentiment shocks, not fundamentals, and unless it falls below the March 2024 ATH, the coin should continue the rally towards $160,000 soon.

December began with a market drop. At the time of writing on Monday morning (UTC), it’s down nearly 6% over the last 24 hours, standing at $3.01 trillion.

BTC specifically decreased by 5.8% in the same timeframe, currently trading at $85,999. It’s down 0.5% in a week, 22% in a month, 11.5% in a year, and 32% from the October all-time high of $126,080.

‘Directionless Volatility’ Over Coming Months

John Glover, Chief Investment Officer of financial services company Ledn, recently discussed the market’s current position.

He argued that we’re currently in a Wave IV correction, which typically completes at either the 23.6% fibbo (Fibonacci retracement) or the 38.2% fibbo.

“If this is true in the current situation,” he writes in an email, “we have already finished Wave IV and we should now resume the uptrend.”

However, Glover notes the so-called Rule of Alternation. If Wave II is a very simple A-B-C correction, which it was in this case, Wave IV tends to be more complex. “What we’ve seen thus far in this correction has been rapid and quite simple in its formation,” he says.

However, he also argued that it is still possible that we’re experiencing a wave 5 (of Wave III) extension.

This is relevant, as it would take the price to $125,000 before we see a correction.

Moreover, unless BTC breaches the March 2024 high of $74,000, “there’s no real threat of a drastic sell off,” Glover writes. “So I expect the market to continue adding to longs on any dips.”

All this said, “my view is that we will see a lot of ‘directionless volatility’ over the coming months, with the low being set somewhere between $71,000 and $80,000.”

The good news is that “once that base has fully formed, the rally will continue into the end of 2026/beginning of 2027 with a target of $145,000 to $160,000 depending on where the bottom of Wave IV finalizes,” the exec concludes.

BTC Drop Is ‘Sentiment Capitulation, Not Structural Deterioration’

Fabian Dori, CIO at digital asset bank Sygnum, argued that the capitulation is being driven by sentiment shocks, and not macro or structural fundamentals.

There are three key elements that have had a notable impact over the fourth quarter of 2025:

1. Macro shocks: the US-China trade war, the US government shutdown limiting macro visibility, reduced immediate prospects of a December rate cut;
2. Market-structure stress: excessive leverage and immature price-oracles triggering a historic liquidation, key market-makers rumours, false speculation about institutional selling;
3. Liquidity pressure: the US Treasury’s build-up of its cash account, private credit markets volatility, exhausted Digital Asset Treasury buying power.

However, according to Dori, “despite battered sentiment and heightened volatility, both macro and crypto-specific drivers continue to point to powerful tailwinds.”

This suggests that the recent correction is “excessive rather than structural.”

Moreover, Dori argues that the cycle is not ending yet.

“The shift in narrative was triggered less by fundamentals and more by a sudden re-pricing of risks at a time when investors were already debating whether the Four-Year Cycle had peaked,” he said.

Dori concluded that “these signals reflect sentiment capitulation rather than long-term deterioration in fundamentals. From a cycle perspective, we see a maturing phase rather than an ending one.”

Therefore, while Q4 has seen “a painful correction and sentiment reset,” the medium-term drivers of this cycle are intact. These include macro momentum, liquidity, onchain fundamentals, and regulation.

“The current environment is uncomfortable in the short term,” Dori says, “but historically it has offered attractive entry points for investors with a mid-to long-term horizon, rather than cycle endings.”

The post Despite ‘Directionless Volatility’ Ahead, BTC Cycle is Not Over and Rally Could Continue – CIOs appeared first on Cryptonews.

The crypto market is down today, with the cryptocurrency market capitalisation dropping by 5.2%, getting close to falling below $3 trillion, now standing at $3.01 trillion. 96 of the top 100 coins have gone down over the past 24 hours. At the same time, the total crypto trading volume is at $135 billion.

Crypto Winners & Losers

At the time of writing, 8 of the top 10 coins per market capitalization have seen their prices fall over the past 24 hours.

Bitcoin (BTC) fell by 5.3% since this time yesterday, currently trading at $86,153.

Bitcoin (BTC)

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Ethereum (ETH) is down by 6%, now changing hands at $2,823. This is the lowest change in the category.

The highest drop is Dogecoin (DOGE)’s 8.2% to the price of $0.1368.

It’s followed by Solana (SOL), having dropped 7.2%, now trading at $126.

At the same time, the smallest decrease in this category is 1.2% by Tron (TRX), currently changing hands at $0.2766.

In the top 100 coins, 96 recorded decreases. Among these, a dozen saw double-digit falls.

Zcash (ZEC) fell 21.8% to the price of $359.

It’s followed by Ethena (ENA), which decreased by 17.7%, now trading at $0.2386.

On the green side, MemeCore (M) and Rain (RAIN). The former appreciated 10.2% to $1.4, while the latter increased by 2.9% to $0.00712.

Meanwhile, Coinglass data showed about $608 million in crypto liquidations in the past 24 hours.

Longs accounted for more than $535 million, while shorts saw about $73 million. BTC and ETH led the list, with roughly $185 million and $154 million cleared out, respectively.

Investors are looking for further macroeconomic signals, such as US data releases and the Federal Reserve speeches, which would indicate it the drops is a short-term correction or a section of a longer trend.

BTC Rally May Continue Soon

John Glover, Chief Investment Officer of Ledn, commented that we’re currently in the Wave IV correction. It typically completes “at either the 23.6% fibbo or the 38.2% fibbo. If this is true in the current situation, we have already finished Wave IV and we should now resume the uptrend,” he says.

However, there’s the Rule of Alternation that states that if Wave II is a very simple A-B-C correction – which it was in this case – Wave IV tends to be more complex. “What we’ve seen thus far in this correction has been rapid and quite simple in its formation.”

Per Glover, “we will see a lot of “directionless volatility” over the coming months, with the low being set somewhere between $71k and $80k. Once that base has fully formed, the rally will continue into the end of 2026/beginning of 2027 with a target of $145k to $160k depending on where the bottom of Wave IV finalizes.”

Moreover, Dom Harz, co-founder of BOB, despite BTC’s and the wider market’s recent volatility, optimism remains high.

“2025 won’t be remembered for price fluctuations, but by the steady march of regulatory progress, institutional engagement, and technological developments, driving the convergence of TradFi and DeFi,” he says.

Harz concluded that “ultimately, price is not the only indicator for how the industry is progressing. During the last downturn, we saw major innovations in projects and DeFi protocols that played a pivotal role in the next upturn.”

Levels & Events to Watch Next

At the time of writing on Monday morning, BTC stood at $86,153. Earlier today, the price recorded a sharp decrease from the intraday high of $91,904 to the low of $85,694.

BTC is down 0.6% over the past 7 days, moving in the similar range between $85,788 and $92,346. It’s also down 21.5% in a month and 31.7% from the all-time high of $126,080 recorded in October.

If it continues dropping, BTC could move towards $81,030. That would risk a fall below $80,000 for the first time in eight months. Alternatively, a reclaim of $98,279 could open doors towards $103,574 and $108,753.

Ethereum is currently changing hands at $2,823. Like BTC, ETH saw a sharp decline from the day’s high of $3,050 to the low of $2,809.

Over the past week, the coin moved between $2,796 and $3,072, staying unchanged in this timeframe. It’s also down 42.9% from the August ATH of $4,946.

A close above $3,108 may signal a recovery and further increases to $3,666 and eventually $4,200. Yet, a fall below $3,000 could pull the coin below $2,800, then $2,632, where a critical support level currently sits.

According to crypto analytics platform Santiment, low stablecoin yields show the crypto market is not overheated, and ETH may be poised for a short-term rebound.

Meanwhile, the crypto market sentiment has remained unchanged since Friday. The crypto fear and greed index still stands at 20 today, residing in the fear zone.

Market participants remain highly cautious and uncertain. The sentiment suggests a need for additional macroeconomic signals.

ETFs Go Green on Short Day

The US markets were closed on Thursday for the country’s Thanksgiving holiday, then worked shorter on Friday.

On Friday, 28 November, the US BTC spot exchange-traded funds (ETFs) saw inflows of $71.37 million. This raised the total net inflow slightly to $57.71 billion.

Four of the 12 BTC ETFs recorded inflows, and one saw outflows. At the green top we find Ark&21Shares with positive flows of $88.04 million. It’s followed by Fidelity’s $77.45 million.

On the red side, BlackRock recorded outflows of $113.72 million.

Moreover, the US ETH ETFs recorded a fifth day straight of positive flows, adding $76.55 million on Friday. The total net inflow increased to $12.94 billion.

Two of the nine funds recorded inflows, and none saw outflows. BlackRock is at the top with $68.27 million, accounting for the vast majority of the day’s flows.

It’s followed by Grayscale with $8.28 million in inflows.

Meanwhile, Grayscale is set to launch the first US spot exchange-traded fund tied to Chainlink (LINK) as early as this week, according to Nate Geraci, co-founder of ETF Institute.

Bloomberg Intelligence analyst Eric Balchunas argued that it could debut on 2 December, citing internal listings data.

He added that more than 100 new digital-asset-linked ETFs over the next six months could be coming to the US market, starting with this week.

Quick FAQ

1. Why did crypto move against stocks today?

The crypto market has posted a decrease over the past 24 hours. The US stock market had a shortened session on Black Friday. By the closing time on 28 November, the S&P 500 was up by 0.54%, the Nasdaq-100 increased by 0.78%, and the Dow Jones Industrial Average rose by 0.61%.

2. Is this drop sustainable?

Investors are looking for further macroeconomic signals, such as US data releases and the Federal Reserve speeches, which would indicate it the drops is a short-term correction or a section of a longer trend. A fresh batch of economic data releases is expected to come this week – but since this is relatively old data, delayed by the government shutdown, it may be outdated, so Fed comments are considered more relevant.

The post Why Is Crypto Down Today? – December 1, 2025 appeared first on Cryptonews.

The crypto market is down today, breaking a green streak, with the cryptocurrency market capitalisation dropping by 0.4%, now standing at $3.19 trillion. 65 of the top 100 coins have gone down over the past 24 hours. At the same time, the total crypto trading volume is at $113 billion.

Crypto Winners & Losers

At the time of writing, 8 of the top 10 coins per market capitalization have seen their prices fall over the past 24 hours. But the majority of them decreased by less than 0.5%, meaning that they’re largely unchanged.

Bitcoin (BTC) fell by 0.2% since this time yesterday, at the time of writing, currently trading at $91,150.

Bitcoin (BTC)

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Ethereum (ETH) is down by 0.1%, now changing hands at $3,018. This is the lowest change in the category.

The highest drop is 1.9% by Solana (SOL), now trading at $139.

It’s followed by Dogecoin (DOGE)’s 1.6% to the price of $0.1509.

At the same time, two coins have appreciated in the same time. Tron (TRX) is up by 1.2%, trading at $0.2799, while XRP rose by 0.8% to $2.21.

When it comes to the top 100 coins, 65 recorded decreases. Among these, Kaspa (KAS) is down the most: 8% to $0.05585.

Moreover, Zcash (ZEC) fell 5.7% to the price of $480.

On the green side, Sky (SKY) appreciated the most: 8% to $0.05015.

It’s followed by Monero (XMR), which increased by 5%, now trading at $417.

Meanwhile, in the US, jobs data and the Federal Reserve signals have strengthened the case for a December rate cut. The crypto market is still cautious, however.

In the European Union, the regulators have introduced a set of crypto data-sharing rules that establish strict requirements for how crypto firms collect, store, and report user information to tax authorities.

Balancing On a Knife’s Edge

Greg Waisman, Chief Operating Officer at payment infrastructure platform Mercuryo, commented that BTC managed to rebounded above the $90,000 mark amid rising expectations of a December Federal Reserve rate cut.

“Although volatility has remained elevated in recent weeks, the market is also showing further signs of maturity,” he said. “Retail traders appear less fazed by market noise, and we continue to see stable, consistent buying patterns on the Mercuryo platform.”

Sean Dawson, head of research at onchain options platform Derive.xyz, wrote in an email that “markets are balancing on a knife’s edge, but sentiment has stabilised meaningfully as expectations of a rate cut continue to recover.”

While initially collapsing to 39% a week ago, the probability of a 25 basis point cut at the upcoming FOMC meeting surged back to nearly 87%. “In response, BTC has staged a strong rebound.”

“This shift in macro expectations has eased some of the intense bearish pressure that dominated the options market through late October and November,” Dawson said. “Traders are still paying a premium for downside protection, but noticeably less than last week, reflecting reduced fear and a partial unwind of defensive hedging as rate-cut odds firm.“

Additionally, Fabian Dori, CIO at digital asset bank Sygnum, argued that the cycle isn’t over yet, and that the crash in Q4 is “excessive, not structural.”

“The shift in narrative was triggered less by fundamentals and more by a sudden re-pricing of risks at a time when investors were already debating whether the Four-Year Cycle had peaked,” he said.

“These signals reflect sentiment capitulation rather than long-term deterioration in fundamentals. From a cycle perspective, we see a maturing phase rather than an ending one,” Dori concluded.

Levels & Events to Watch Next

At the time of writing on Friday morning, BTC stood at $91,150. It was quite a chopping trading day. The price would plunge and would subsequently try to recover, before falling and rising again – resulting in a largely unchanged level over 24 hours. Overall, it traded in a tight range between the intraday low of $90,485 and the intraday high of $91,826.

The coin has turned green in the 7-day timeframe, having increased by 6.6%. It traded between $82,175 and $91,804.

BTC broke the $88,000 resistance and establishing support above $90,000. It’s now facing resistance at the $92,000-$94,000 level. Should it break it, it could move towards the $98,000-$101,972 range. But a drop below $89,000 could lead to $86,500, after which the doors would open further decreases.

Ethereum is currently changing hands at $3,018. Early in the day, the price dropped from $3,039 to the day’s low of $2,986, before recovering to the day’s high of $3,042. It has corrected since.

Over the past week, ETH appreciated 11.6%, trading between $2,680 and $3,042 in this timeframe.

Investors are now looking to see if the coin will defend the price above $3,000, which would lead to further increases towards the $3,100-3,230 range. At the same time, a decrease below $2,990 may lead to additional pullbacks to $2,900 and $2,850, and possibly below the $2,800 mark.

Meanwhile, the crypto market sentiment has moved upwards over the past day, for the second day in a row, finally exiting the extreme fear zone. The crypto fear and greed index stands at 20 today, compared to 18 yesterday, residing in the fear zone.

This suggests a slightly higher optimism amongst market participants, but also the perseverance of significant amount of caution.

ETFs On Hiatus

The US markets were closed on Thursday for the country’s Thanksgiving holiday. On the previous day of trading both US BTC and ETH spot ETFs recorded positive flows.

The former saw $21.12 million, and the latter saw $60.82 million in inflows.

On the other hand, SOL spot ETFs recorded outflows of $8.1 million on the same day. This marked the first negative session since the launch a month ago. Therefore, it broke a 21-day green streak.

Meanwhile, USA’s California Public Employees’ Retirement System (CalPERS) faced heavy losses following sell-off in Strategy. The stocks slid from more than $144m to about $80m in a matter of months, decreasing about 45% so far this quarter, largely tracking Bitcoin’s swings.

Quick FAQ

1. Why did crypto move with stocks today?

The crypto market has posted an increase over the past 24 hours. And while the crypto market never sleeps, the US stock market was closed on Thursday for the country’s Thanksgiving holiday and will have a shortened session on Friday.

2. Is this drop sustainable?

The drop is overall quite minor, and the market remains indecisive for now. Further signals will push it to either side, so investors are keeping an eye on the incoming macroeconomic and geopolitical data.

The post Why Is Crypto Down Today? – November 28, 2025 appeared first on Cryptonews.