What’s Driving the Rise in Cryptocurrency Prices Today? – December 8, 2025

Summary: Today marks a positive turn for the cryptocurrency market, with a 2.2% increase in market capitalization, bringing it to $3.2 trillion. Notably, 90 out of the top 100 cryptocurrencies experienced a price uptick in the past 24 hours, with Bitcoin and Ethereum leading the charge.

Key Takeaways

The cryptocurrency market capitalization has risen to $3.2 trillion today, marking a 2.2% increase.
Among the top 10 cryptocurrencies, Bitcoin and Ethereum saw significant gains of 2.4% and 3.3%, respectively.
Major global developments include crypto trading launches and regulatory advancements for leading companies like Binance and Coinbase.
Some analysts caution the market may be entering a correction phase, with fluctuations expected in the near future.

Why Is Crypto Up Today

Crypto Market Overview

The start of the week is looking positive, as the cryptocurrency market has seen an overall uptick today. The total market capitalization stands at $3.2 trillion, reflecting a rise of 2.2%. In addition, the total trading volume in crypto has reached $111 billion, with 90 of the top 100 coins increasing in value over the past 24 hours.

Performance of Major Cryptocurrencies

As we look at the top cryptocurrencies, all ten top coins by market capitalization have demonstrated price increases.

Bitcoin (BTC) has risen by 2.4% since yesterday, trading at $91,532.

Ethereum (ETH) has experienced the highest gain among the top coins, with a 3.3% increase, now valued at $3,133.

Following closely is Solana (SOL), which is up by 2.8%, reaching $135.

On the other hand, Tron (TRX) has seen the smallest rise within this group at 0.4%, trading at $0.2869.

In the broader category of the top 100 cryptocurrencies, Zcash (ZEC) is leading with a notable 9.2% increase to $370. It is followed by Canton (CC) with an 8% rise, priced at $0.06749.

Conversely, Monero (XMR) and MemeCore (M) have faced declines, with XMR down 2.8% to $375 and M falling 2% to $1.23.

Significant Developments in the Crypto Space

Amidst the price surges, several noteworthy events have transpired worldwide. GoTyme Bank in the Philippines has launched cryptocurrency trading services for its 6.5 million customers in partnership with US fintech company Alpaca. Additionally, Robinhood Markets has announced key acquisitions, marking its entry into the Indonesian market, while Binance secured three new licenses in Abu Dhabi. Furthermore, Coinbase has resumed user registration in India after a two-year hiatus.

Potential Market Corrections Ahead

John Glover, the Chief Investment Officer of Ledn, has expressed skepticism about the recent price movements. He notes that while BTC’s bounce from the $81,500 level may suggest a bullish trend, it may not be as straightforward as it appears.

He explains, “If Wave II has a simple A-B-C formation, then Wave IV is likely to be complex. What we’re currently witnessing is only the A wave of the Wave IV A-B-C correction, which will take a few months to complete.”

Glover anticipates that BTC may trade within a range of $71,000 to $105,000 over the next four to six months and plans to accumulate BTC within the $72,000 to $84,000 range. He will reevaluate his position if BTC closes above $108,000 for two consecutive days.

Ledn Market Predictions

Key Price Levels and Market Sentiments

As of Monday morning, BTC is priced at $91,532. The cryptocurrency briefly dipped to an intraday low of $87,887 before climbing to $91,786.

Over the past week, BTC has increased by 6.3%, trading within the $84,553–$93,855 range. However, it's down 10.3% over the month and 27.3% from its all-time high of $126,080. A sustained price above $94,600 could indicate a bullish trend, potentially pushing BTC towards the $100,000 mark; however, a decline could lead prices down to $76,000.

Bitcoin Trading View

Ethereum is currently valued at $3,133. Similar to BTC, ETH experienced a dip earlier today, dropping to an intraday low of $2,941 before climbing up to a high of $3,145.

With a weekly increase of nearly 11%, ETH has traded between the $2,736 and $3,222 marks. Over the month, however, it is down 9% and 36.7% from its all-time high of $4,946. If the momentum continues, we could see ETH surpass the $3,230 resistance, potentially reaching levels of $3,300 to $3,380. Conversely, should ETH decline below $2,800, it may slide to $2,550.

It’s worth noting that the cryptocurrency market sentiment remains cautious, having fluctuated within the fear zone over the weekend but showing slight improvement on Monday. The crypto fear and greed index has ranged between 20 and 21 in the past two days, before slightly rising to 24 today. This index has mostly remained between 10 and 25 over the last month, indicating prevalent caution among market participants.

Crypto Market Sentiment

Recent trends in BTC ETFs show a positive turn, with US BTC spot exchange-traded funds (ETFs) reporting $54.79 million in positive flows on December 5, following two days of outflows. Total net inflows now stand at $54.79 billion, with BlackRock responsible for the only reported outflow of $32.49 million. In contrast, Ark & 21Shares and Fidelity contributed $42.79 million and $27.29 million, respectively.

BTC ETF Flows

On a different note, the US ETH ETFs experienced consecutive negative outflows, with $75.21 million pulled out on December 5, resulting in a total net inflow of $12.88 billion attributed entirely to BlackRock.

ETH ETF Flows

In an interesting development, over 100 publicly traded companies have converted into crypto-holding entities within the first half of 2025, mirroring Michael Saylor’s Bitcoin investment strategy despite a 43% decline in their median stock prices year-to-date due to their funding methods for crypto acquisitions. Additionally, Vitalik Buterin has proposed an innovative idea for a trustless, on-chain futures market that would allow users to secure future Ethereum transaction fees.

Questions & Answers

The recent rise in the crypto market followed a similar uptick in the US stock market at the end of the previous week. By December 5, the S&P 500 grew by 0.19%, the Nasdaq-100 climbed by 0.43%, and the Dow Jones Industrial Average increased by 0.22%. This boost followed a positive US inflation report that raised hopes for an interest rate cut by the Federal Reserve.

In the upcoming days and weeks, we may observe further moderate price increases, although brief downturns are typical in the crypto market.