Bitcoin Hits New High Since Mid-November. What About Other Cryptocurrencies?

RBK-cryptoPublished on 2025-12-10Last updated on 2025-12-10

Abstract

On the evening of December 9th, Bitcoin (BTC) reached $94.4k, marking its highest price since mid-November. As of the next day, it was trading around $92.6k with a 2.5% daily gain. The total cryptocurrency market cap grew 2.8% to $3.16 trillion. Ethereum (ETH) saw a significant rise of 6.4%, trading near $3.3k. Other top-10 cryptocurrencies also advanced, with Cardano (ADA) leading the group with an 8.6% surge. The top gainer in the top-100 was FET, up 10.5%, while Bitcoin Cash (BCH) was the biggest loser, down 1.8%. U.S. spot Bitcoin ETFs recorded a net inflow of $151 million on December 9th, the largest for December so far, while Ethereum funds attracted $177 million, a high since late October. These inflows are seen as a potential signal of returning liquidity to the crypto market, with some analysts viewing it as a catalyst for Bitcoin to reach around $100k by year-end, though others are more cautious, expecting growth no earlier than next year. The Crypto Fear and Greed Index improved from 22 to 26, moving out of "extreme fear" into "fear," indicating reduced panic but a market still inclined to sell. Analysts at Wintermute noted that cryptocurrencies have recently shown resilience to negative factors. Key upcoming events that could determine market direction include the U.S. Fed's and the Bank of Japan's interest rate decisions on December 10th and 19th, respectively.

On the evening of December 9, the price of Bitcoin (BTC) rose to $94.4K, reaching a new high since November 17. As of 11:00 Moscow time on Wednesday, BTC is trading around $92.6K, with the coin's price up 2.5% over the past 24 hours.

The total market capitalization of cryptocurrencies increased by 2.8% over 24 hours, reaching $3.16 trillion. The price of Ethereum (ETH) rose by 6.4% during this time. The leading altcoin is trading around $3.3K.

Other coins in the top 10 also showed gains. Cardano (ADA) saw the strongest growth, with its price rising by 8.6%. The top gainer among the top 100 cryptocurrencies was the Artificial Superintelligence Alliance (FET) token, which increased by 10.5%. The biggest decline was Bitcoin Cash (BCH), down 1.8%.

At the end of the trading session on December 9, U.S. spot Bitcoin exchange-traded funds (ETFs) recorded a net capital inflow of $151 million, according to SoSoValue. This is the largest inflow so far in December. Ethereum funds attracted $177 million yesterday—the highest since late October.

Capital inflows into ETFs may signal the return of liquidity to the crypto market, which analysts cite as one of the catalysts for Bitcoin's potential return to around $100K by the end of the year. However, not everyone shares such an optimistic outlook, suggesting that the rally may not occur until next year.

On December 10, the crypto market fear and greed index rose from 22 to 26 out of 100, moving from the "extreme fear" zone to the "fear" zone. This indicates reduced concerns, but market participants remain inclined to sell cryptocurrencies.

Analysts at market maker Wintermute noted that cryptocurrencies have begun showing resilience to negative factors over the past two weeks. They highlighted that key events, such as the U.S. Federal Reserve's interest rate decision on December 10 and the Bank of Japan's decision on December 19, could determine the future direction of prices.

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