What Is Driving Today’s Increase in Cryptocurrency Values? – December 10, 2025

The cryptocurrency market is experiencing an upswing today, with the total market capitalization rising by 2.6% to reach $3.25 trillion. Out of the top 100 cryptocurrencies, 92 have seen price increases in the last 24 hours. Concurrently, the overall trading volume in the crypto space stands at $147 billion.

TLDR:

The cryptocurrency market capitalization rose by 2.6% on Wednesday morning (UTC);

92 of the top 100 cryptocurrencies and 9 of the top 10 cryptocurrencies have increased in value today;

BTC has risen by 2.3% to $92,694, while ETH has gained 6.6% to $3,331;

The $90,000 mark appears to be the current bottom;

A consolidation phase between $90,000 and $95,000 is anticipated in the coming weeks;

Market participants are awaiting the US Federal Reserve’s decision on interest rates today;

Changpeng Zhao suggested that BTC might experience a significant rally in 2026;

Investors should keep an eye on how news affects dollar dynamics and demand for safe-haven assets;

The US has permitted national banks to serve as intermediaries in cryptocurrency transactions;

US BTC and ETH spot ETFs recorded inflows of $151.74 million and $177.64 million on Tuesday, respectively;

Strive Asset Management intends to acquire additional BTC;

Market sentiment in the crypto space has shown a significant rise within the fear zone.

Crypto Winners & Losers

As of this writing, 9 of the top 10 cryptocurrencies by market capitalization have experienced price increases over the last 24 hours.

Bitcoin (BTC) has risen by 2.3% since yesterday, currently trading at $92,694.

Bitcoin (BTC)24h7d30d1yAll time

Ethereum (ETH) has increased by 6.6%, now trading at $3,331, marking the highest gain in its category today.

The second-largest increase is attributed to Solana (SOL), which has risen by 4.4% to a price of $139.

Following closely is Dogecoin (DOGE), which has gained 4.2%, now priced at $0.1468.

The smallest increase in this category is 0.7% for Binance Coin (BNB), currently valued at $893.

The only decline among the top ten is a 0.4% drop for Tron (TRX), which is currently trading at $0.28.

Among the top 100 cryptocurrencies, 92 have appreciated over the past day.

MemeCore (M) recorded the largest increase, achieving a double-digit rise of 10.2% to $1.45.

Cardano (ADA) follows with a 7.6% increase to $0.4603.

In terms of declines, Bitcoin Cash (BCH) experienced the largest drop of 1.8% to $563.

LEO Token (LEO) is next, with a decrease of 1.3% to $9.54.

Traders are closely monitoring the US Federal Reserve’s anticipated decision regarding interest rate cuts expected to be announced today. However, many believe that this cut is already reflected in the market.

Meanwhile, Changpeng Zhao has indicated that Bitcoin could witness a significant rally in 2026, potentially paralleling gold’s performance.

CZ just said “we might see a supercycle.” pic.twitter.com/9aatNffTdC

— Ash Crypto (@AshCrypto) December 9, 2025

A Consolidation Period Ahead

Koinly CEO Robin Singh remarked that BTC’s recent rise to nearly $93,000 ahead of the US Federal Reserve’s interest rate decision “clearly indicates that bulls are firmly defending the $90,000 level, which appears to be the bottom, at least for now.”

According to Singh,

“From here, a period of consolidation between $90,000 and $95,000 over the coming weeks is a ‘probably outcome’, as the market waits for a new catalyst capable of driving the next leg higher.”

However, he suggests that such a pause should not be interpreted negatively. Much of 2024 was characterized by consolidation, but a significant macro catalyst – in that case, the outcome of the US presidential election – prompted a sharp rally across markets.

He adds: “Periods like this often signal maturation rather than weakness, with Bitcoin maintaining its position even in the absence of immediate drivers for fresh momentum.”

Furthermore, Bitunix analysts have observed that geopolitical uncertainty is increasing, leading to a cautious sentiment in the crypto market.

Notably, “within the negotiation framework, the U.S., Ukraine, and Europe remain engaged in a three-way tug-of-war. If ongoing negotiation headlines continue to stimulate safe-haven demand, volatility may be influenced by a combination of macro sentiment and liquidity positioning,” the analysts stated.

Currently, BTC is facing resistance at $93,200, with support at the $90,000–$91,000 range.

They recommend that investors observe the impacts of news flows on dollar dynamics and safe-haven demand, and to evaluate whether geopolitical developments may affect broader risk-asset volatility.

Levels & Events to Watch Next

As of Wednesday morning, BTC is priced at $92,694. The price has shown a clear increase from the intraday low of $90,040 to the intraday high of $94,489.

However, the charts have turned negative over the 7-day period. BTC is currently down 0.3%, but this minor movement indicates that it remains largely unchanged during this timeframe.

If the coin reclaims the $98,000–$100,000 range, it could advance to $105,000 and $110,000. Conversely, if it falls below $90,000, it may retreat to the $82,000–$85,000 zone.

Bitcoin Price Chart. Source: TradingView

Ethereum is presently trading at $3,122. Similar to BTC, it experienced a significant increase earlier today, rising from the day’s low of $3,099 to the high of $3,388.

However, unlike BTC, ETH remains positive in the 7-day timeframe, having appreciated by 8.6%.

ETH supply has reached a 10-year low, setting the stage for potential major rallies. The price could move towards $3,400, followed by the $3,500-$3,600 range. Should it decline, the price may drop to the $2,900 level.

Ethereum (ETH)24h7d30d1yAll time

Meanwhile, the cryptocurrency market has shown a significant increase on Wednesday morning, even though it still resides in the fear zone. The crypto fear and greed index has risen to 30 today from 25 yesterday.

Market participants appear to remain quite cautious while experiencing a slight uptick in optimism.

Even though many believe that the US rate cut is already accounted for, today’s developments could still influence market sentiment.

ETFs Go Green Again

After a day of outflows, US BTC spot exchange-traded funds (ETFs) recorded inflows of $151.74 million. The total net inflow now amounts to $57.71 billion.

Out of the twelve BTC ETFs, a substantial eight recorded inflows, while one experienced outflows. BlackRock is responsible for the entirety of the negative flows: $28.76 million.

Simultaneously, Fidelity recorded the highest inflow of $198.85 million, followed by Grayscale’s $33.79 million and Bitwise’s $16.22 million.

Additionally, US ETH ETFs experienced another day of positive flows on December 9, with inflows of $177.64 million. This marks the highest amount since late October. The total net inflow now stands at $13.09 billion.

Among the nine funds, seven recorded inflows, and none experienced outflows. Fidelity received the most on Tuesday: $51.47 million.

This was followed by Grayscale’s $45.19 million and BlackRock’s $35.29 million.

Meanwhile, Vivek Ramaswamy’s Strive Asset Management has announced a $500 million preferred stock offering, aiming to acquire additional BTC. It currently holds 7,525 BTC, valued at approximately $695.93 million.

Moreover, the US Office of the Comptroller of the Currency has permitted national banks to function as intermediaries in cryptocurrency transactions. They can now purchase from one customer and sell to another without maintaining inventory.

OCC Interpretive Letter 1188 confirms that a national bank may engage in riskless principal crypto-asset transactions as part of the business of banking. https://t.co/gXirMExhCi pic.twitter.com/uPRFGqb2NZ

— OCC (@USOCC) December 9, 2025

Quick FAQ

1. Why did crypto move with stocks today?

The cryptocurrency market has shown an increase over the past 24 hours, while the US stock market closed mixed during its previous session. By the end of trading on Tuesday, December 9, the S&P 500 was down by 0.088%, the Nasdaq-100 rose by 0.16%, and the Dow Jones Industrial Average fell by 0.38%. Investors anticipate that the US Federal Reserve will lower their policy rate by a quarter percentage point today.

1. Is this rally sustainable?

The market is expected to continue fluctuating within the narrow range observed over the past month, although significant macroeconomic factors could drive it outside that range – in either direction.

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