In December #加密市场反弹 2025, the cryptocurrency market welcomed a significant rebound. It began with a warming trend at the beginning of the month due to expectations of interest rate cuts and other factors. After the Federal Reserve cut interest rates as expected on December 11, a celebratory rebound occurred, with mainstream coins and quality altcoins collectively rising, leading to a substantial increase in total market capitalization, driven by core factors and specific market conditions. 1. Market performance: After the Federal Reserve cut interest rates by 25 basis points on December 11, the total market capitalization of global cryptocurrencies surged by 4.2% in a single day, rising from $3.32 trillion to $3.46 trillion. Among them, BTC closed at $96,852.7, with a 24-hour increase of 3.98%; ETH increased by 7.97%, closing at $3,589.6. Altcoins showed structural explosions, with the privacy coin Mind Network achieving a 24-hour increase of 85.64%, and Ancient 8 Token in the Web3 gaming sector rising by 24.93%. However, some small-cap coins lacking support experienced declines, reflecting polarization. 2. Core driving factors: On one hand, there is macro policy easing, as the Federal Reserve's interest rate cut has taken effect, and the market expects a subsequent potential cycle of continuous rate cuts. The weakening US dollar is driving funds into high-risk assets like cryptocurrencies, and potential successors to the Federal Reserve Chair are more inclined towards crypto-friendly policies, further boosting market confidence. On the other hand, technology and funds are providing support, as Ethereum's Fusaka upgrade has optimized network performance and reduced transaction costs, attracting funds. The trading volume of BlackRock's IBIT ETF has surged, and institutions like Fidelity have adjusted their cryptocurrency asset positions, with ETF funds warming up and driving institutional funds to continue entering the market. Additionally, historically, Bitcoin has often experienced a rising 'Christmas market' in December, which also provides some support for market sentiment. $BTC $ETH $BNB