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 market cap increased by 0.7% on Thursday morning (UTC);
75 of the top 100 coins and 8 of the top 10 coins have gone up today;
BTC increased by 0.4% to $93,351, and ETH is up by 4.6% to $3,194;
Bitfinex argues that the market is showing seller exhaustion;
A combination of key elements created the conditions for a stabilisation phase and a relief bounce;
‘The market’s current late-cycle fragility is not a pricing problem, but an architectural one’;
‘In the short term, the market remains in a structurally volatile, range-bound regime’;
US BTC spot ETFs saw $14.9 million in outflows on Wednesday, while ETH spot ETFs recorded $140.16 million in inflows;
The US SEC blocked the launch of 3-5x leveraged crypto ETFs;
Crypto market sentiment increased for the second day straight.
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.
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.
Bitcoin Price Chart. Source: TradingView
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
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.
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.
