Why Is Crypto Up Today? – December 3, 2025

What Happened

Nic Puckrin, investment analyst and co-founder of The Coin Bureau, commented that BTC has staged “a remarkable recovery” over the past 24 hours. It’s the result of “a perfect storm of good news that has finally tipped the balance over in favor of the bulls.”

Firstly, Vanguard finally lifted its long-standing ban on Bitcoin ETFs. “More and more dominoes fall as even the staunchest opponents of crypto succumb to investor demand,” Puckrin says.

Market Context

The crypto market is up today, seeing a more convincing push up than yesterday, with the cryptocurrency market capitalisation rising by 7.4%, now standing at $3.24 trillion. 95 of the top 100 coins have gone up over the past 24 hours. At the same time, the total crypto trading volume is at $189 billion.

At the time of writing, all top 10 coins per market capitalization have seen their prices rise over the past 24 hours. Two recorded double-digit increases.

Bitcoin (BTC) appreciated by 7% since this time yesterday, currently trading at $92,992. This is actually the second-smallest rise in the category.

It’s followed by Dogecoin (DOGE)’s 11.3%, which is now trading at $0.1506.

At the top we find Sui (SUI), which is up 30.8% to the price of $1.75.

MemeCore (M) follows with a 3.7% drop, currently trading at $1.33.

Notably, Vanguard has reopened access to BTC ETFs for its more than 50 million clients. Bloomberg ETF analyst Eric Balchunas argued that this may be a potential catalyst that could push BTC toward $100,000 as the market heads into 2026.

Secondly, Bank of America is now recommending a 1%-4% portfolio allocation to crypto. This could bring up to $700 billion in extra liquidity into the asset. This is “with the caveat that not all households will choose to add crypto to their portfolios.”

Thirdly, it also looks likely that crypto-savvy rate-cut proponent Kevin Hassett will be the next US Federal Reserve chair. “With a rate cut on December 10th largely priced in, all eyes are now on 2026 monetary policy expectations, and so Hassett would be a welcome appointment for markets.”

If BTC pushes through this, it will attempt to breach the $100,000 threshold again. The 50-week simple moving average (SMA) at $102,000 is a key level to watch. “It all depends on whether US buyers continue this momentum when the New York market opens this morning,” Puckrin says.

Why It Matters

“It’s encouraging that BTC has held steady above the $82,000 support level, and broke through the $89,000 – the cost basis for all ETF buyers. We’re not out of the woods yet, but December may be shaping up to be a far better month than its predecessor, and a Santa rally is certainly not off the cards,” Puckrin concludes.

Details

Crypto Winners & Losers

Ethereum (ETH) is up by 9.1%, now changing hands at $3,055. This is the third-highest increase among the ten.

The biggest gainer is Solana (SOL), with a 12.1% jump to $141.

The smallest increase is 0.8% by Tron (TRX), currently standing at $0.2801.

In the top 100 coins, 95 appreciated over the past day. Notably, 23 of these recorded double-digit rises.

Chainlink (LINK)is next, having appreciated 19.6% to $14.41.

Of the five red coins, LEO Token (LEO) fell the most: 4.3% to $9.42.

Moreover, the United Kingdom has formally recognized cryptocurrencies and stablecoins as legal property through a new Act of Parliament. The Property (Digital Assets etc) Bill was granted royal assent. With the approval of King Charles, digital assets will now be protected under property law.

“This gives digital assets a much clearer legal footing, especially for proving ownership or recovering tokens after fraud,” trade body CryptoUK said.

‘A Remarkable Recovery’

As a result, the analyst says, BTC has shot up to a key resistance level between $93,000 and $95,000. Notably, this also acted as a resistance zone back in April.