Why Is Crypto Up Today? – December 3, 2025

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.

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 10th 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

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%.

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.

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