BITCOIN SURGES OVER 6% IN REBOUND FOLLOWING MAJOR SELL-OFF

Wed 03 December 2025:

Bitcoin surged over 6.4% on Tuesday, recovering sharply after weeks of heavy selling pressure.

The leading cryptocurrency was trading at $91,400 as of 20:30 GMT, having climbed back above $90,000 for the first time since dipping below that level last month – its lowest since April.

According to data from CoinMarketCap, the total value of the global cryptocurrency market, including Bitcoin, rose 6.6% in the last 24 hours to $3.09 trillion.

Bitcoin’s market capitalization increased 6.7% over the past day to $1.81 trillion.

Ethereum, the second-largest cryptocurrency by market value, also rose 8.6% to $2,970.

The significant rise occurred shortly after Bitcoin had a steep monthly loss at the end of November. The pressure has persisted despite improved confidence about US monetary policy, which had helped risk assets at the end of last month.

Bitcoin has lost about 30% since setting a record in early October, leaving the digital asset market on precarious footing after a weeks-long selloff. When almost $19 billion in leveraged bets were lost, the decline quickened.

Expectations for a Federal Reserve rate cut in December have risen significantly over the past week, owing to lower US GDP indicators and signals that inflation pressures are easing.

Additionally, a wave of liquidations in the past few weeks also fueled the initial decline in the cryptocurrency market.

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The latest rally has led to liquidations of about $400 million worth of bearish bets across all tokens in the past 24-hours, Coinglass data shows.

“This rebound is actually just a relief rally,” said Melvin Deng, chief executive officer of QCP Group, in an interview on Bloomberg TV. But Bitcoin could “reclaim some momentum” from here, he added. “This is a great point for those who are under-deployed to look at some entry level.

Analysts said earlier today that crypto markets are still in a fragile state, noting that much of Bitcoin’s year-end performance will depend on the outcome of the Federal Open Markets Committee’s December 9-10 meeting.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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