Bitcoin jumped back above key levels on Wednesday, with prices climbing past $93,000 after dipping to $84,400 earlier this month. Related Reading: Bitcoin Trail Ends: $29M Seized After European Authorities Shut Down Cryptomixer The move followed a sharp sell-off that removed about $8,000 from the price late over the weekend, and traders pushed the coin to a 24-hour peak of $93,910 on Coingecko. Bitcoin Climbs Above Key Levels According to MN Fund founder Michaël van de Poppe, regaining ground above $93,000 is important for momentum. He said that if the price holds and breaks higher, a run toward $100,000 becomes more likely. Other analysts echoed the call: Nick Ruck of LVRG Research pointed to macro factors and fresh ETF flows as drivers that could help Bitcoin test six figures in the coming months. This is what you’d want to see. $BTC coming back up again, after a weird move down on the 1st of this month. Now, again, breaking the $92K area is crucial. If that breaks, then I’m sure we’ll start to see a new all-time high and a test at $100K. A great day on the markets. pic.twitter.com/uy6WPabnQ8 — Michaël van de Poppe (@CryptoMichNL) December 2, 2025 ETF Activity And Market Moves Reports have disclosed that ETF-related trading helped lift the market. BlackRock’s IBIT recorded over $1.8 billion in volume within two hours after Vanguard reversed a previous stance, and total spot Bitcoin ETF volume topped $5.1 billion on the day. Market stats showed the broader crypto capitalization rose close to 7% to $3.13 trillion, with BTC dominance climbing to nearly 60%. Bitcoin itself jumped by about 8% after the US market opened, giving larger markets a clear lift. Support Zone Holds Focus Analysts had been watching the $86,000 to $88,000 band as a critical area of support. Based on reports from active market watchers, that range had been tested dozens of times in recent months and holding above it signaled reduced selling pressure. One analyst argued that a break below would likely lead some big players to change tack, moving from buying to selling behavior. Liquidations And Net Inflows Changed The Day Other market observers reported heavy turnover in derivatives and spot markets: over $360 billion in short positions were liquidated, while more than $160 billion was reportedly added back into crypto markets within a 24-hour span. Those figures, if accurate, helped explain the speed of the rebound and the large single-day gains. Related Reading: XRP Is About To Hit A Major Turning Point This Week, Analyst Says What Comes Next For Prices Short-term traders will watch how Bitcoin behaves around $92,000 and whether it can hold above the $86,000–$88,000 floor. Some commentators warned that sudden ETF-driven demand can cause sharp spikes that may not last. Others pointed to possible policy shifts, such as renewed talk of US interest-rate cuts, as reasons why money might flow into major crypto assets in the months ahead. For now, prices sit a little above $92,700 at the time of writing. The market is clearly volatile. Investors and traders will likely need to balance the bullish signs against the risk that a fresh round of selling could wipe gains quickly. Featured image from Gemini, chart from TradingView
Babylon is also planning to introduce Bitcoin-backed DeFi insurance, letting BTC holders earn yield while underwriting risk against hacks and exploits.
Ethena’s USDe shed 24% of its supply in November, losing market share as fiat-backed stablecoins including USDT, USDC, PYUSD and RLUSD added billions.
"Code is Law" co-director James Craig and Wildcat Finance co-founder Lawrence Day discuss their experiences with, and the consequences of, major DeFi hacks.
Bitcoin traders are facing the most pressure of this cycle in terms of unrealized losses, but analysts argue that ETFs only accounted for a maximum of 3% the recent selling pressure.
The ESPORTS token from Yooldo Games is under heavy selling pressure, falling over 10% in the last 24 hours, now trading near $0.40. This drop came write after token price jump 92% in a month. The sudden drop has left many traders questioning what triggered this decline, and where the ESPORTS price could head next. …
Local industry body CryptoUK said this gives crypto a "clearer legal footing" in related crimes or litigation.
Bitcoin Bollinger BandWidth plumbed new record lows after printing a classic “green” signal in November that previously saw a 40% BTC price upside.
Regulators have not decided whether the token will be tied to the Taiwan dollar or the U.S. dollar, a choice that will determine how deeply it tests the island’s currency controls.
Ethereum fell more than 2% within 24 hours, sliding below $3,000 after losing its $2,900 support level. The drop triggered widespread liquidations, with around $500 million in long positions wiped out. Data shows that $79 million of the $106 million in ETH-focused contracts liquidated were long bets. Related Reading: Bitcoin Vs. Gold Metric Flashes Rare Signal Not Seen in Market History – See How Trading activity spiked sharply during the decline, with daily volume rising 200% to $33.2 billion. The broader crypto market also contracted, falling nearly 1.2% and erasing an estimated $1100 billion in value within hours. Bitcoin, SOL, XRP, and DOGE followed similar downward moves. Despite the volatility, some firms accumulated ETH during the downturn. BitMine Immersion Technologies increased its holdings by 96,798 ETH, diverging from the trend of companies reducing risk exposure. ETH's price gains some momentum on the daily chart. Source: ETHUSD on Tradingview Fusaka Upgrade Goes Live, Aiming to Boost Scalability On December 3, Ethereum is set to activate its Fusaka upgrade, the network’s second major 2025 update. The upgrade aligns execution- and consensus-layer changes, introducing features that aim to improve Layer 2 and reduce costs. A key component is PeerDAS, a data-sampling mechanism designed to reduce the bandwidth validators need to verify Layer 2 data. This system aims to cut validator bandwidth requirements by up to 85% and expand blob data capacity, potentially lowering Layer 2 transaction fees by 40–60%. Fusaka also raises Ethereum’s block gas limit to 60 million, enabling more transactions per block, and introduces updates to the Ethereum Virtual Machine that streamline smart contract execution. These combined changes are expected to enhance the network’s transaction capacity. Industry interest had been rising ahead of the upgrade. Major financial players, including Amundi and Fidelity, recently announced moves into tokenized products built on Ethereum, reflecting broader institutional activity across the network. Can Ethereum (ETH) Recover From Oversold Levels? Ethereum (ETH) last traded at around $2,807, with technical indicators indicating continued bearish momentum. The MACD remains in negative territory, while the Relative Strength Index sits at 32, signaling oversold conditions. Key support levels are at $2,700 and $2,500. A failure to hold these zones may deepen the downtrend, while a rebound could push ETH back toward $2,900–$3,000. Open Interest rose 4.3% after the decline, suggesting traders are reopening positions and preparing for higher volatility. Related Reading: You Won’t Believe How Much Bitcoin Companies Now Hold, What % Of Supply Do They Control? Whether the Fusaka upgrade can shift market sentiment remains uncertain, but its long-term scaling impact may play a role in Ethereum’s broader recovery. Cover image from ChatGPT, ETHUSD chart from Tradingview
Daily futures wipeouts are surging as leverage builds, with a record unwind in October exposing how deeply derivatives now shape Bitcoin’s market cycle.
Ethereum treasuries are collapsing fast. Purchases have dropped 80% in just three months, from 1.97 million ETH in August to only 370,000 ETH in November, showing that companies are rapidly pulling back from the trend. Bitwise has warned that the model is under pressure, and many companies that were buying large amounts of Ether are …
As the Bitcoin price regained strength and surged above $93,000, altcoins bounced strongly today. Ethereum reclaimed levels above $3000, while Solana surged above $140, and Dogecoin reached $0.15. Liquidity rotated back into risk-on narratives, with Gaming Infrastructure, AI-related tokens, memecoins, and Solana’s DeFi ecosystem all showing signs of renewed strength. Early movers across these categories …
American Bitcoin co-founder Eric Trump said volatility was expected from the expiration and that he will hold onto his shares.
Bitcoin has turned itself around with a sharp surge to $92,000, unleashing a fresh wave of short liquidations on the derivatives exchanges. Bitcoin Has Seen A Flash Recovery Back To $92,000 Bitcoin suffered a blow on Monday as its price slipped under $84,000, but just as quickly as it had crashed, the cryptocurrency has made a swift recovery on Tuesday. Related Reading: Bitcoin Long-Term Holders See First Uptick Since April Lows: Bullish Sign? With the asset’s price now floating above $92,000, its price has surged by more than 8% over the last 24 hours. Like is usually the case, Bitcoin hasn’t been alone in this rally; the rest of the cryptocurrency market has also shot up alongside the number one digital asset. Some of the top altcoins have even managed to outperform BTC, with Ethereum (ETH) sitting in a profit of nearly 10% for the past day. The fresh wave of volatility in the sector has triggered a liquidation squeeze in the derivatives market. Crypto Liquidations Have Crossed $400 Million In Last 24 Hours According to data from CoinGlass, the cryptocurrency market as a whole has suffered over $410 million in liquidations during the past day. “Liquidation” here naturally refers to the forceful closure that any contract undergoes after it has amassed a certain percentage of loss (as defined by the platform). Considering that the price action in this window was majorly to the upside, it’s not surprising to see that short contracts made up for most of the derivatives flush. As is visible in the above table, $348 million in short positions found liquidation in the last 24 hours, equivalent to about 85% of the total flush. In terms of the individual symbols, Bitcoin, Ethereum, and Solana were the top three contributors to the liquidation event with $196 million, $95 million, and $18 million in positions, respectively. Just $13 million of the Bitcoin liquidations involved long investors; the rest $182 million in liquidations struck the traders betting on a bearish outcome for the cryptocurrency. A mass liquidation event like this latest one is popularly known as a squeeze. Today’s squeeze involved shorts in an extreme majority, so the event will be termed a short squeeze. During a squeeze, a sharp swing in the price triggers a large derivatives flush, which only ends up feeding back into the price move. The amplified price swing then unleashes a further cascade of liquidations. Related Reading: XRP Crashes 9.5%, But TD Sequential Flashes A Buy Signal Such events aren’t a particularly rare sight in the cryptocurrency market, as assets tend to be volatile and many traders opt for significant amounts of leverage. Featured image from Dall-E, CoinGlass.com, chart from TradingView.com
Binance announced co-founder Yi He as co-CEO alongside Richard Teng at Blockchain Week Dubai, as the exchange nears 300 million users. Yi, a former TV host from China who worked at OKCoin before co-founding Binance in 2017 with CZ, excels in marketing, user growth, and product innovation. Teng, ex-Singapore regulator who took CEO role post-CZ’s …
The UK’s Property (Digital Assets etc) Bill received Royal Assent, now law in England, Wales, and Northern Ireland. It declares cryptocurrencies and stablecoins personal property, creating a “third category” beyond traditional tangibles or claims, aiding ownership proof, theft recovery, inheritance, and bankruptcy handling. Roughly 12% of UK adults hold crypto, now backed by statute over …
Chainlink (LINK) Price surged 18%, trading near $14.38. The uptrend came right after the launch of the first U.S. Chainlink ETF. Crypto analysts are also noticing early breakout signs on the chart and believe LINK could be gearing up for a strong rally toward $47. Grayscale Launches First US LINK ETF On December 2, Grayscale …
Pudgy Penguins ($PENGU) Price has shown a strong rebound over the past 24 hours, climbing more than 26% after hitting a low of $0.00956. The collection, based on 8,888 unique NFTs on Ethereum, currently has a market cap of $645 million and a 24-hour trading volume of $123 million. The surge appears linked to strategic …
IBIT options are the ninth largest in the U.S.
The U.S. crypto ETF market slowed after the SEC blocked new high-leverage ETF proposals. Several firms wanted to launch 3x and 5x crypto ETFs, but the SEC told them to change their plans or withdraw. The agency is worried that extreme leverage could create instability in crypto and traditional markets. Why Regulators Pushed Back Bloomberg …
Binance will delist spot trading pairs for StaFi (FIS), REI Network (REI), and Voxies (VOXEL) on December 17 at 03:00 UTC following routine reviews. The exchange assesses assets based on team commitment, development progress, liquidity, network security, transparency, regulatory compliance, token supply changes, and community support. Tokens that don’t meet these standards are removed to …
Cardano (ADA) has opened December under pressure, dropping more than 7% in the past week as broader market sentiment weakens and macroeconomic uncertainty rises. Related Reading: Bitcoin Long-Term Holders See First Uptick Since April Lows: Bullish Sign? ADA is now trading near $0.38–$0.4, testing key support levels and extending a month-long downtrend that has erased recent gains. ADA's price gains some small gains on the daily chart. Source: ADAUSD on Tradingview Macroeconomic Pressure and Market Sentiment Weigh on ADA The latest decline comes amid renewed concerns over global interest rate policy. Comments from Bank of Japan Governor Kazuo Ueda signaled the possibility of a rate hike, a shift that could unwind leveraged positions funded through low-interest yen borrowing. Cardano’s drop aligns with losses seen across the crypto market, with Bitcoin, Ethereum, and other major altcoins also trading lower. High trading volumes, over $1 billion in the past 24 hours, reflect elevated volatility and growing caution among investors. On-chain indicators show dormant ADA wallets from as far back as 2017 moving coins to exchanges, a sign that long-term holders may be preparing to exit positions. Short interest in ADA futures has also increased, with open interest rising 12% over the past week. Traders are betting on a further slide below $0.35 unless ADA can reclaim the $0.40 resistance level. Ecosystem Developments Offer Some Long-Term Support Despite the market downturn, several developments within the Cardano ecosystem continue to generate attention. A $30 million liquidity initiative designed to strengthen Cardano’s DeFi sector is scheduled for rollout in early 2026. The fund aims to boost total value locked by supporting lending, staking, and decentralized exchange activity, areas where Cardano has historically lagged behind competitors. Another upcoming milestone is the launch of the Midnight sidechain on December 8. The privacy-focused network introduces new capabilities around data protection and secure enterprise applications. Some analysts believe the launch could increase Cardano’s adoption and improve sentiment, particularly if it leads to more activity in decentralized finance. Cardano’s long-term technical outlook also remains a topic of debate. Analysts note that ADA is once again touching the support line of a multi-year uptrend. Historically, similar tests have preceded recoveries, with some projecting a possible rebound toward the $0.50–$0.75 range if the market stabilizes. What Comes Next for Cardano (ADA)? The near-term outlook for Cardano remains uncertain. A break below $0.38 could expose the token to further declines toward the $0.30 area, especially if broader market weakness continues. However, strong staking participation, around 70% of circulating supply, may help cushion deeper drawdowns. Longer-term forecasts vary widely, ranging from modest recoveries to highly optimistic projections tied to expected ecosystem upgrades in 2026. Related Reading: Bitcoin Vs. Gold Metric Flashes Rare Signal Not Seen in Market History – See How For now, ADA’s trajectory will depend on whether macroeconomic pressures ease and whether Cardano can translate its upcoming developments into sustained network growth and investor confidence. Cover image from ChatGPT, ADAUSD chart on Tradingview
Bitcoin posted one of the finest recoveries, printing a huge bullish candle and rising by over $5,000 in a day. Following the bullish close, the price sustained gains, hinting at the revival of strong upside action. The BTC price flips the persistent bearish pressure after weeks of uncertainty and renewed selling pressure. With the market …
Crypto exchange Binance appointed co-founder Yi He as co-CEO, tightening its top team as it leans into regulated global expansion.
Coinbase Institutional notes that while the Fed’s end of quantitative tightening and return to the bond market have improved liquidity, a potential positive for crypto, Bitcoin continues to struggle. Key bull market support has been broken, options sentiment is turning bearish, and long-term whales are still selling. Spot ETFs are seeing large outflows, and treasury …
The new leadership role was announced by the current Binance CEO Richard Teng at Binance Blockchain Week in Dubai.
SUI Token has become one of the strongest-performing major cryptocurrencies in the past 24 hours. The SUI price today jumped from $1.35 to around $1.55, rising about 15–20%. Apart from a few meme tokens, SUI recorded the highest daily gain among large-cap assets. The rally comes amid a wave of ecosystem updates, improved market sentiment, …
Glassnode and Fasanara’s year-end report shows record inflows, rising realized cap, and falling volatility, suggesting the latest pullback is a mid-cycle reset rather than the start of a long downturn.
Present market dynamics point to a mid-cycle pullback rather than a full-blown crypto winter, Glassnode and Fasanara argued.
Former SEC Chair Gary Gensler, now a professor at MIT, has repeated his tough stance on crypto in an interview. He warned that most cryptocurrencies are still “speculative and volatile,” offering no real value or clear purpose. However, he hinted at one major digital asset that stands apart. Let’s see what he says about it. …