The cryptocurrency market is demonstrating significant growth: major digital assets have sharply increased in value, and the daily liquidation volume has exceeded $490 million, primarily from short positions.
This is reported by Finway
Bitcoin and Ethereum Dynamics: New Records
From December 2 to 3, 2025, a substantial recovery in the crypto market was observed. Bitcoin has stabilized above the psychological level of $93,000, reaching a peak of $93,958 at one point. However, the barrier at $94,000 remains unattainable, and currently, Bitcoin is trading at $93,228.
Following Bitcoin, Ethereum reached a maximum of $3,085, with the current price at $3,057. Thus, ETH confidently remains above the key level of $3,000, confirming a positive sentiment in the market.
Altcoins Strengthen Positions and Surge in Liquidations
Growth has also been recorded among other crypto assets. Notably, Solana (SOL) has increased by 11.5%, showing the best performance among top altcoins.
Against the backdrop of the sharp market rise, the daily liquidation volume of futures contracts amounted to over $490 million, of which $418.6 million was from short positions. This indicates a dominance of bullish sentiment among traders.
The Fear and Greed Index has risen by two points; however, it still remains in the “red” zone, indicating significant risks and potential volatility in the market.
Traders note that the reason for the strong upward trend is the decrease in volatility surrounding macroeconomic data.
“Traders believe that the upward trend is driven by a decrease in volatility around macroeconomic data.”
Impact of Macroeconomic Factors
On December 2, 2025, the yield on 10-year Japanese government bonds (JGB) reached a 17-year high of 1.88%, while demand for these securities remained consistently high. The head of the central bank, Kazuo Ueda, noted that the regulator may continue to raise rates, positively influencing investor sentiment.
In the U.S., President Donald Trump announced that he would introduce a new candidate for the position of head of the Federal Reserve System at the beginning of 2026. He confirmed that the main contender is Kevin Hassett, who supports the cryptocurrency sector and is inclined towards a softer monetary policy.