Why Is Crypto Up Today? – December 2, 2025

After a rocky start to December, the cryptocurrency market has experienced a slight uptick, with a 0.5% increase in market capitalization, now totaling $3.03 trillion. Despite this improvement, concerns about market trends persist as participants monitor both economic data and the Federal Reserve's fiscal direction.

Key Takeaways

The cryptocurrency market capitalization has risen by 0.5% to $3.03 trillion.
Bitcoin (BTC) saw a slight increase of 1% to $87,010, while Ethereum (ETH) experienced a decline of 0.5%.
37 of the top 100 coins registered price drops, with some experiencing significant losses.
Market participants remain cautious amid economic uncertainties and shifting policies from the Federal Reserve.

Why Is Crypto Up Today

Current Market Overview

Despite starting the month with a setback, the cryptocurrency market today shows a minor increase, with a 0.5% rise in total market capitalization, reaching $3.03 trillion. Out of the top 100 cryptocurrencies, 63 have gained value in the last 24 hours, while total trading volume in the crypto market is at $163 billion.

Winners and Losers

In the top ten cryptocurrencies by market cap, three have seen their prices rise within the last day, while the others faced declines.

Bitcoin (BTC) has risen by 1% and is currently trading at $87,010, marking the highest increase among major coins.
Ethereum (ETH) is down by 0.5%, trading at $2,810.
Other gainers include Solana (SOL), up 0.7% to $127, and Binance Coin (BNB), which has increased by 0.4% to $829.

Conversely, XRP leads the declines with a 1.1% drop, bringing its price to $2.02, followed by Dogecoin (DOGE) at $0.1359, down by 0.7%. Among the top 100 coins, 37 saw decreases, with Canton (CC) experiencing the worst loss at 7.8%.

On a positive note, Rain (RAIN) and Provenance Blockchain (HASH) had double-digit increases, up 14.4% to $0.008129 and 10.8% to $0.02348, respectively.

The recent economic indicators from the US have created a more optimistic outlook, raising hopes that the Federal Reserve may be considering a shift in its policy stance.

Federal Reserve

Market Sentiment and Predictions

Nick Forster, founder of the on-chain options platform Derive.xyz, noted that while markets saw a decline overnight due to tightening liquidity and concerns following a recent hack, there is still no clear bottom in sight.

Forster warned of a significant probability that Bitcoin could drop below $80,000 as we approach 2026, with traders focusing on protective options amid current volatility. He highlighted the aggressive demand for downside risk management and noted that the December 26 expiry options show concentrated interest around the $84K and $80K levels.

Analysts from Bitfinex observed that the scale of recent losses in the market is troubling, surpassing previous low points from earlier this cycle. They highlighted the stress in the market and the moves towards liquidity as traders exit positions, often at a loss.

Upcoming Levels and Events to Monitor

As of Tuesday morning, Bitcoin is positioned at $87,010 after a brief dip and recovery during the day. Over the past week, Bitcoin fell by 1.3%, fluctuating between $84,553 and $92,346. If Bitcoin continues to rise, it could reclaim the $90,000 mark and possibly aim for $97,000 or $100,000. However, should it drop below $83,000, further declines are likely.

Ethereum is trading at $2,810 after recovering from a dip following a daily high of $2,844. Currently down 4.3%, Ethereum had previously fluctuated between $2,736 and $3,072. If trends continue downward, it might drop below $2,700, while a recovery could see it approaching the $3,000 mark once again.

The current market sentiment has shifted back towards extreme fear, with the crypto fear and greed index at 16 today, down from 20 yesterday, indicating rising concerns among market participants regarding immediate trends.

CoinMarketCap

The US markets had a short week due to the Thanksgiving holiday, leading to a modest increase in inflows into Bitcoin spot ETFs on December 1. Notably, Fidelity saw an inflow of $67.02 million, while BlackRock recorded outflows for two consecutive days of $65.92 million.

BTC Inflows

In other recent developments, the US Ethereum ETFs faced negative flows for the first time this month, seeing outflows of $79.06 million. BlackRock notably added $26.65 million.

ETH Outflows

Additionally, Vanguard, a leading asset manager, is now allowing its clients to trade cryptocurrency-focused ETFs and mutual funds, broadening access to digital assets.

Moreover, BitMine Immersion Technologies has increased its ETH holdings by nearly $70 million during this recent downturn, indicating confidence in long-term prospects despite current challenges.

Quick FAQ

The cryptocurrency market has seen a slight increase recently, contrasting with declines in the US stock market. Concerns surrounding major tech company valuations and spending in AI remain high. Analysts suggest the market may continue to fluctuate in the short term, but there are still opportunities for growth as conditions stabilize.