Crypto Markets Surge as Bitcoin Rebounds Strongly
Cryptocurrencies are on the rise as market sentiment indicates a resurgence. The dollar’s decline, along with falling bond yields and a slight increase in expectations for rate cuts, has sparked a revival in cryptocurrencies. A slight reduction in outflows from Bitcoin and Ether Spot ETF products in the U.S. has led to a more optimistic sentiment. The crypto market capitalization experienced an increase of more than 1 percent overnight, with Bitcoin reaching a 24-hour high of $104,535. The 6-currency Dollar Index, which measures the dollar’s strength against a selection of 6 currencies, is currently at 99.97, down from 100.20 at the previous close. The dollar’s drop came after the index hit a high of 100.36 on Wednesday. Bond yields have eased in different areas and durations, providing a lift to cryptocurrencies. A general decline in interest rates reduces the opportunity cost linked to holding cryptocurrencies, which typically do not generate interest. The yields on 30-year U.S. treasuries fell by 0.17 percent, and the ten-year bond saw a decline of 0.43 percent. The yield on both the 5-year and 2-year tenors has dropped by more than half a percent.
Fresh optimism surrounding a potential 25-basis points rate cut by the Federal Reserve on December 10 has further enhanced sentiment. Reports indicates a probability of 67.3 percent for the same, an increase from 62 percent just a day earlier. On Wednesday, outflows from Bitcoin Spot ETF products experienced a notable decline, falling to $137 million from $566 million the day before. On Wednesday, outflows from Ethereum Spot ETF products experienced a notable decrease, declining to $1119 million from $219 million the day before. Futures are experiencing a modest increase, after a notable recovery from the day before. European benchmarks are presently in the red. Asian markets concluded the trading day on a mostly positive note. Gold Futures for December delivery are currently priced at $4,015.52 per troy ounce, showing an overnight increase of 0.57 percent. The yellow metal has experienced a minor drop in the last week, but it still boasts remarkable gains of over 52 percent for the year so far.
During the night, the total value of the crypto market rose by 1.4 percent. In a significant overnight change, 56 of the top 100 cryptocurrencies have recorded gains of over 1 percent, whereas just 10 have faced declines beyond that mark. The trading volume over the past 24 hours experienced a notable drop of 44 percent, settling at $160 billion. Bitcoin has increased by 1.3 percent overnight, currently valued at $103,079.28, which is about 18 percent below its peak of $126,198.07 achieved on October 7. The original cryptocurrency has experienced a drop of 6.4 percent over the past week, yet it has recorded gains surpassing 10.3 percent thus far in 2025. The price range in the last 24 hours varied from $104,534.70 to $101,335.58. Ethereum experienced a rise of 2.8 percent overnight, currently priced at $3,389.74. Expected growth for 2025 stands at 1.8 percent. Ether is presently valued at a level that is 32 percent beneath its peak price. The trading over the last 24 hours varied between $3,479.81 and $3,275.93.
The 4th ranked asset saw a significant increase of 3.5 percent overnight, with its current trading price reaching $2.30. 5th ranked BNB experienced a 1.2 percent rise overnight, elevating its price to $954.81. The 6th ranked Solana experienced a 1.9 percent rise overnight, hitting a price of $159.10. SOL currently stands as the top cryptocurrency, experiencing year-to-date losses of 15.9 percent. Currently ranked 8th overall, TRON experienced a slight overnight rise of 0.3 percent and is trading at $0.2870. Dogecoin, now in 9th place, experienced a minor uptick of 0.08 percent overnight and is currently priced at $0.1633. DOGE has seen a drop of more than 48 percent in 2025 to date. Cardano, now positioned at the 10th rank, experienced a 1.2 percent rise overnight, with its trading price reaching $0.5363. The 30th ranked Internet Computer saw a remarkable increase of 28.3 percent overnight. Zcash, currently sitting at the 17th rank, saw a notable increase of 15.8 percent, while Quant, ranked 64th, experienced a rise of 13.4 percent. 50th ranked OFFICIAL TRUMP experienced a rally of 12.2 percent. 63rd ranked Story stood out in bouncing back from overnight losses among the top 100 cryptocurrencies, despite facing a decline of 7.5 percent. OKB, currently sitting at the 38th rank, saw a decline of nearly 4 percent.
