Markets Today: Thursday, December 4, 2025 at 2:25:22 am EST
1. Big picture
Global crypto market cap is hovering around 3.2 to 3.3 trillion USD, up roughly 1 percent over the last 24 hours.
Daily trading volume is near 150 billion USD, which is on the higher side of recent weeks and signals active participation.
Bitcoin dominance is about 57 percent of total market cap, with Ethereum around 12 percent. The overall sentiment index (Fear and Greed style) is near 27, which is still in the cautious zone.
2. Bitcoin and Ethereum today
Bitcoin $BTC
Price around 93.2k USD (live)
Intraday range roughly 91.9k to 94.0k USD so far
After this week’s dip toward the mid 80k range, BTC has bounced back and is now just slightly positive year to date, roughly flat for 2025.
Ethereum $ETH
Price around 3.19k USD (live)
Intraday range roughly 3.04k to 3.23k USD so far
ETH has outperformed BTC in the very short term, gaining about 4 to 5 percent over the last 24 hours as it pushes back above the 3.2k mark.
3. What is driving the move today
Markets are reacting to rising expectations of a US Federal Reserve rate cut at the December 10 meeting, which makes risk assets like crypto more attractive.
A wave of short liquidations and continuing inflows into spot Bitcoin ETFs has helped fuel the rebound from this week’s lows, especially in BTC and ETH.
Overall, the picture "today till date" is:
Crypto has bounced sharply off recent pullbacks.
$BTC is roughly flat on the year but recovering from a mini drawdown.
ETH and several large caps are enjoying a stronger short term pop, while the broader market tracks sideways to slightly higher with elevated but not extreme sentiment.