The cryptocurrency market at the beginning of December 2025 demonstrated a strong recovery, accompanied by significant growth in key digital assets and large-scale liquidations in the futures markets.
This is reported by Business • Media
Bitcoin and Ethereum Reach New Highs
From December 2 to 3, the price of Bitcoin rose above the $93,000 mark for the first time in a long while and stabilized at this level. According to TradingView, the maximum value of BTC at its peak reached $93,958, although the $94,000 level remained unbroken. As of the preparation of this material, Bitcoin is trading at $93,228.
Ethereum is also showing positive dynamics. Its price briefly rose to $3,085, and at the time of this news preparation, it stands at $3,057.
Altcoin Dynamics, Liquidations, and the Impact of Macroeconomic Factors
In addition to the market leaders, other crypto assets also felt the positive momentum. Many large altcoins showed faster growth rates compared to Bitcoin. In particular, Solana (SOL) added 11.5% to its value.
The significant price increase in the market triggered a wave of liquidations of futures contracts. Over the course of a day, the liquidation volume exceeded $490 million, with $418.6 million attributed to the closure of short positions.
“The Fear and Greed Index rose by two points, but the indicator remains in the ‘red’ zone.”
Analysts note that the market growth was accompanied by a decrease in the volatility of macroeconomic indicators. Traders point out that the stabilization of the external environment contributed to the rise in prices of crypto assets.
On December 2, Japan successfully held an auction for 10-year government bonds with a yield of 1.88%, the highest rate in the last 17 years. At the same time, the head of the central bank, Kazuo Ueda, indicated the possibility of further increases in the key interest rate, which positively influenced investor sentiment.
U.S. President Donald Trump announced that he would present a candidate for the position of Chairman of the Federal Reserve at the beginning of 2026. His favorite is Kevin Hassett, who supports digital asset technologies and is considered a proponent of a more lenient monetary policy from the Fed.