Cardano displays strengthening momentum as retail and institutional sentiment turn positive while the asset tests channel support. Taker Buy CVD data indicates sustained buyer aggression over a 90-day period. Binance top traders hold nearly 70% long positions, suggesting growing confidence in a potential rebound from the $0.37 support zone.

Bitcoin traded at $92,690 on Wednesday, rising over 7% in 24 hours after Monday's sharp decline. Bank of America announced Tuesday it will recommend 1%-4% digital asset allocations for wealth management clients starting January 5, covering four bitcoin ETFs including BlackRock's IBIT and Fidelity's FBTC. The move follows similar recommendations from Morgan Stanley and other major institutions.

Bitcoin traded near $86,000 with 58% market dominance as analyst Peter Brandt identified a break in the cryptocurrency's historical four-year parabolic cycle pattern. Brandt suggests a potential decline to $50,000 could set the stage for a subsequent rally toward $200,000-$250,000 in the next bull phase. Current technical indicators show weakening bearish momentum despite the cycle disruption.

Bitcoin opened December 2024 under selling pressure, continuing a pattern observed throughout the year. Analyst Daan Crypto Trades found that approximately 80% of months in 2024 established their monthly high or low within the first 12 days. December has followed this trend with an immediate decline from the monthly open, leaving no upside wick.

Aave's governance community is considering shutting down protocol deployments on three blockchain networks that have underperformed financially. The Aave Chan Initiative proposed in late November to deprecate instances on zkSync, Metis, and Soneium, citing revenues insufficient to justify operational costs and risk exposure. The proposal includes establishing a $2 million annual revenue minimum for future chain deployments.

Ethereum has dropped below $2,800 following a sharp decline, triggering widespread concern across the market. Open interest on Binance has collapsed by more than half over three months, according to a CryptoQuant report by Darkfost. After peaking at $12.6 billion on August 22, open interest has fallen to $6.2 billion, representing a 51% contraction and the elimination of nearly $6.4 billion in derivative positions.

Major XRP holders accumulated 48 billion tokens, reaching a seven-year high, while wallets holding over 100 million tokens declined 20.6% in eight weeks, according to Santiment data. XRP traded at $2.02, down 8.42% weekly, as technical indicators maintained bearish momentum. Large-order activity sustained for 30 consecutive days, with buy orders dominating market execution for three straight weeks.

US Representative Stephen Lynch challenged Federal Reserve Vice Chair Michelle Bowman on December 2, 2025, regarding her earlier remarks about banks engaging with digital assets. The FDIC is expected to release its first stablecoin oversight framework under the GENIUS Act later this month, establishing national standards for bank-linked issuers.