As of December 4, 2025, the global cryptocurrency market capitalization is approximately $3.19 trillion, up 2.63% from the previous day. The 24-hour trading volume has slightly increased by 1.43%, indicating a rebound in market activity. Bitcoin (BTC) dominance remains at 58.5%, while Ethereum (ETH) accounts for 12.2%. The overall market has rebounded from the lows at the end of November but still faces macro uncertainties (such as Federal Reserve policy expectations). Market sentiment has shifted from 'extreme fear' in November to a neutral to optimistic outlook, mainly benefiting from the positive news of the ETH network upgrade and the return of ETF funds. The market experienced a significant correction in November (BTC dropped from a high of $126,000 to a low of $82,000, with an overall market capitalization decline of about 35%), but as December began, on December 3, the market surged by 7.4% to $3.24 trillion, followed by a slight correction on the 4th, although most assets still maintained positive returns. Analysts generally believe that December could become a month 'far exceeding November', but volatility will increase, with BTC potentially fluctuating in the range of $83,000 to $95,000.