Here’s a clear, no-nonsense snapshot of the crypto market as of December 4, 2025, based on up-to-date reporting and market data.



Market snapshot (price & momentum)

Bitcoin: trading around ~$93k, recently rebounded to a two-week high after dipping into the mid-$80k area earlier in the week. Momentum is cautious but improving.

Ethereum: trading ~$3.1k–$3.3k, up materially over the last 48 hours (several sources show a mid-single-digit to high single-digit % gain).

Overall market: a tentative recovery after a sell-off in October; market cap and volumes have ticked higher but sentiment remains fragile.

Main drivers right now

1. Macro / Fed expectations. Traders are pricing a high probability of an interest-rate cut in early December, which has lifted risk appetite and acted as the immediate catalyst for the rally. Lower rates reduce the opportunity cost of holding crypto vs cash/bonds.

2. ETF-driven flows & institutional plumbing. The new wave of US spot-BTC (and other) ETFs continues to reshape liquidity: ETFs concentrate trading into regulated channels, magnifying flows (both inflows and quick outflows) and increasing correlation with traditional markets. Some ETFs show net inflows while others have seen outflows — the net picture is mixed day-to-day.

3. Technical & miner dynamics. Mining costs and hash-rate changes are being discussed as a “soft floor” under price in some institutional models; technical charts show a bounce from short-term support but a lack of broad conviction.
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BTC-0.04%
ETH0.22%
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