Trading

Bitcoin rose approximately 1.9% to trade near $90,000 on Monday, while Asian equity markets recorded modest gains. Traders positioned ahead of the Federal Reserve's policy meeting, with futures markets pricing in an 85% probability of a quarter-point rate cut. The total cryptocurrency market capitalization reached $3.18 trillion, marking a 1.3% increase.

Bitcoin mining equities declined 1.8% in the week ending December 5, 2025, with market capitalization falling to $67.89 billion from $69.12 billion. Trading volume dropped 25.66% to $307.35k. Average cash costs for public miners to produce one Bitcoin reached $74,600, while all-in costs including depreciation and stock-based compensation climbed to $137,800, according to CryptoRank data.

MicroStrategy has accumulated 650,000 bitcoins through 88 transactions, with holdings currently valued at $57.8 billion at an average cost of $74,436 per coin. The portfolio shows unrealized gains of 19.5%, or approximately $9.4 billion. Michael Saylor's recent social media post asking "₿ack to Orange Dots?" has fueled speculation about potential new purchases during the current price decline.

Bitcoin accumulated $732 billion in fresh capital between 2022 and 2025, exceeding the combined inflows from all earlier market cycles, according to Glassnode's Q4 Digital Assets Report with FasanaraDigital. The cryptocurrency's Realized Cap reached $1.1 trillion while its market dominance rose to 58.3%. Monthly net inflows during the period fluctuated between $30 billion and $100 billion, driven by stablecoin liquidity, spot ETF demand, and tokenized asset infrastructure.

England, Wales and Northern Ireland now recognize digital assets including Ethereum as personal property under legislation that took effect December 2. The Property (Digital Assets etc) Act 2025 establishes a third category of personal property to encompass crypto-tokens and NFTs, giving courts clear authority to apply freezing orders and asset recovery procedures directly to cryptocurrency. Separately, Ethereum futures open interest has climbed back after October's sharp contraction, though one analyst expects renewed leverage to face liquidation in coming months.

Options market participants are increasingly selling short-dated volatility on Bitcoin rather than positioning for breakout moves. The shift follows a two-month period that erased over $1 trillion from the crypto market. BTC has consolidated between $80,000 and $100,000 over three weeks, with premium sellers treating the pattern as evidence the asset may remain range-bound.

Bitcoin could fall to the low-$80,000 range if it fails to reclaim $92,000, trading analyst Michaël van de Poppe warned. The cryptocurrency traded at $89,411, down 0.5% in 24 hours and 2.2% over the past week. Bitcoin continues to face resistance above $90,000, with limited directional conviction between $86,000 and $92,000.

Strategy announced plans to create a cash reserve exceeding $1.44 billion through at-the-market stock issuance. The reserve will operate independently from the company's Bitcoin holdings, transforming Strategy into a dual-reserve entity managing both BTC and USD funds. The cash buffer will fund preferred stock dividends and cover debt obligations without forcing Bitcoin sales during market downturns.

Crypto trader Ansem has forecast Bitcoin could pull back to $80,000 before year-end, citing chart patterns and weakening momentum after BTC's rejection at $93,000 earlier this week. His analysis identifies the $80,000 level as a key liquidity zone with historical support. Q4 2025 currently shows a -22% return, contrasting with the 47.6% gain recorded in Q4 2024.

Ethereum traded at $3,033 with neutral momentum as whale cohorts showed divergent behavior. Wallets holding 1,000–10,000 ETH continued distribution while U.S. investors quietly accumulated since December 1st, according to the Coinbase Premium Index. Exchange deposits dropped sharply from 106,100 addresses on November 30 to approximately 5,197, signaling reduced selling pressure.