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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Related Questions

QWhat was the new high price Bitcoin reached on December 9th, and when was the previous high it surpassed?

ABitcoin reached a new high of $94.4 thousand on December 9th, surpassing its previous high from November 17th.

QWhich top-10 cryptocurrency by market capitalization had the largest price increase, and by what percentage?

ACardano (ADA) had the largest price increase among the top-10 cryptocurrencies, rising by 8.6%.

QWhat was the net capital inflow for U.S. spot Bitcoin ETFs on December 9th, and why is this significant for the market?

AU.S. spot Bitcoin ETFs recorded a net capital inflow of $151 million on December 9th. This is significant as it is the largest inflow in December and may signal the return of liquidity to the crypto market, which analysts see as a stimulus for Bitcoin's price to reach around $100,000 by year-end.

QHow did the Crypto Fear and Greed Index change on December 10th, and what does this shift indicate?

AOn December 10th, the Crypto Fear and Greed Index rose from 22 to 26 out of 100, moving from the 'extreme fear' zone to the 'fear' zone. This indicates a reduction in market apprehension, although participants are still inclined to sell cryptocurrencies.

QAccording to Wintermute analysts, what key upcoming events could determine the future movement of cryptocurrency prices?

AAccording to Wintermute analysts, the key upcoming events that could determine future price movements are the interest rate decisions from the U.S. Federal Reserve on December 10th and the Bank of Japan on December 19th.

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What is $BITCOIN

DIGITAL GOLD ($BITCOIN): A Comprehensive Analysis Introduction to DIGITAL GOLD ($BITCOIN) DIGITAL GOLD ($BITCOIN) is a blockchain-based project operating on the Solana network, which aims to combine the characteristics of traditional precious metals with the innovation of decentralized technologies. While it shares a name with Bitcoin, often referred to as “digital gold” due to its perception as a store of value, DIGITAL GOLD is a separate token designed to create a unique ecosystem within the Web3 landscape. Its goal is to position itself as a viable alternative digital asset, although specifics regarding its applications and functionalities are still developing. What is DIGITAL GOLD ($BITCOIN)? DIGITAL GOLD ($BITCOIN) is a cryptocurrency token explicitly designed for use on the Solana blockchain. In contrast to Bitcoin, which provides a widely recognized value storage role, this token appears to focus on broader applications and characteristics. Notable aspects include: Blockchain Infrastructure: The token is built on the Solana blockchain, known for its capacity to handle high-speed and low-cost transactions. Supply Dynamics: DIGITAL GOLD has a maximum supply capped at 100 quadrillion tokens (100P $BITCOIN), although details regarding its circulating supply are currently undisclosed. Utility: While precise functionalities are not explicitly outlined, there are indications that the token could be utilized for various applications, potentially involving decentralized applications (dApps) or asset tokenization strategies. Who is the Creator of DIGITAL GOLD ($BITCOIN)? At present, the identity of the creators and development team behind DIGITAL GOLD ($BITCOIN) remains unknown. This situation is typical among many innovative projects within the blockchain space, particularly those aligning with decentralized finance and meme coin phenomena. While such anonymity may foster a community-driven culture, it intensifies concerns about governance and accountability. Who are the Investors of DIGITAL GOLD ($BITCOIN)? The available information indicates that DIGITAL GOLD ($BITCOIN) does not have any known institutional backers or prominent venture capital investments. The project seems to operate on a peer-to-peer model focused on community support and adoption rather than traditional funding routes. Its activity and liquidity are primarily situated on decentralized exchanges (DEXs), such as PumpSwap, rather than established centralized trading platforms, further highlighting its grassroots approach. How DIGITAL GOLD ($BITCOIN) Works The operational mechanics of DIGITAL GOLD ($BITCOIN) can be elaborated on based on its blockchain design and network attributes: Consensus Mechanism: By leveraging Solana’s unique proof-of-history (PoH) combined with a proof-of-stake (PoS) model, the project ensures efficient transaction validation contributing to the network's high performance. Tokenomics: While specific deflationary mechanisms have not been extensively detailed, the vast maximum token supply implies that it may cater to microtransactions or niche use cases that are still to be defined. Interoperability: There exists the potential for integration with Solana’s broader ecosystem, including various decentralized finance (DeFi) platforms. However, the details regarding specific integrations remain unspecified. Timeline of Key Events Here is a timeline that highlights significant milestones concerning DIGITAL GOLD ($BITCOIN): 2023: The initial deployment of the token occurs on the Solana blockchain, marked by its contract address. 2024: DIGITAL GOLD gains visibility as it becomes available for trading on decentralized exchanges like PumpSwap, allowing users to trade it against SOL. 2025: The project witnesses sporadic trading activity and potential interest in community-led engagements, although no noteworthy partnerships or technical advancements have been documented as of yet. Critical Analysis Strengths Scalability: The underlying Solana infrastructure supports high transaction volumes, which could enhance the utility of $BITCOIN in various transaction scenarios. Accessibility: The potential low trading price per token could attract retail investors, facilitating wider participation due to fractional ownership opportunities. Risks Lack of Transparency: The absence of publicly known backers, developers, or an audit process may yield skepticism regarding the project's sustainability and trustworthiness. Market Volatility: The trading activity is heavily reliant on speculative behavior, which can result in significant price volatility and uncertainty for investors. Conclusion DIGITAL GOLD ($BITCOIN) emerges as an intriguing yet ambiguous project within the rapidly evolving Solana ecosystem. While it attempts to leverage the “digital gold” narrative, its departure from Bitcoin's established role as a store of value underscores the need for a clearer differentiation of its intended utility and governance structure. Future acceptance and adoption will likely depend on addressing the current opacity and defining its operational and economic strategies more explicitly. Note: This report encompasses synthesised information available as of October 2023, and developments may have transpired beyond the research period.

363 Total ViewsPublished 2025.05.13Updated 2025.05.13

What is $BITCOIN

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