Crypto MarketHot Topics

CoinCatch Market Daily Report (December 2, 2025)

Intermediate

2025-12-02 | 10m

The cryptocurrency market entered December with a sharp, risk-off correction, erasing recent gains and plunging investor sentiment into "Extreme Fear." This sell-off has placed major assets at critical technical junctures, testing the resolve of buyers and setting a cautious tone for the year's final month. Meanwhile, U.S. spot bitcoin exchange-traded funds reported $3.48 billion in net outflows in November, marking the largest amount of monthly negative flows since February. Vanguard, one of the world's largest asset managers with roughly $11 trillion in assets under management, will begin allowing customers to trade cryptocurrency ETFs and mutual funds on its brokerage platform.

Crypto Market Overview

BTC (-0.20% | Current Price: $86,324.04)

Bitcoin's price action dominated market headlines, with a steep decline on December 1st that saw it briefly fall below $84,000, marking a nearly 30% drop from its October peak. The breakdown below the $89,500 support zone has shifted momentum firmly bearish in the short term. Analysts are now watching $80,000 as the next major support level, with a break below potentially opening the door to a test of $66,800. For any bullish structure to be restored, Bitcoin must reclaim and hold above $97,100. Underlying the price drop are worrying on-chain signals. The Exchange Whale Ratio remains elevated, suggesting large holders may be preparing to sell, while long-term holders have been reducing their positions for over six months. Furthermore, U.S. spot Bitcoin ETFs recorded a massive $3.48 billion in net outflows for November, indicating waning institutional demand in the near term.

On December 1st, Bitcoin exchange-traded funds (ETFs) registered an inflow of $74.4 million, with Fidelity's FBTC saw an outflow of $67.0 million.

ETH (-1.5% | Current Price: $2,788.13)

Ethereum mirrored Bitcoin's decline, falling as much as 10% to approximately $2,719. It is now consolidating above the psychologically important $3,000 level, which has become a crucial battleground. A viral "infinite demand loop" theory posits that ETF inflows, heavy staking, and token burns could create a permanent supply squeeze. However, the immediate technical picture is challenging. ETH has formed a series of lower highs since October, with resistance firms at $3,140 and $3,240. Analysts note that a failure to hold $2,940 could lead to a deeper drop toward $2,800.

On December 1st, ETH ETFs experienced a total net outflow of $165.7 million, with Fidelity's FETH saw an outflow of $31.6 million.

Altcoins

Today's cryptocurrency fear and greed index dropped to 16 (yesterday was 20), with a weekly average of 15, indicating that the market is still in a state of "extreme fear".

This metric confirms the severe underperformance of alternative cryptocurrencies. A reading below 75 indicates "Bitcoin Season," and the current score of 24 shows capital is rotating toward perceived safety (BTC) and away from altcoin risk.

Macro Data

The sell-off was partly attributed to concerns over a potential Bank of Japan interest rate hike, which could unwind the "yen carry trade" that has historically funded risk asset purchases. In the U.S., markets are anticipating a Federal Reserve rate cut in December, providing a conflicting macro backdrop. A Landmark Shift: In a monumental policy reversal, Vanguard announced it will allow its brokerage clients to trade spot Bitcoin and Ethereum ETFs starting December 2. As a firm with over $11 trillion in assets under management and a historically anti-crypto stance, this move significantly widens the mainstream investor funnel. SEC Chairman Gary Gensler is scheduled to deliver a speech on the future of U.S. capital markets. Meanwhile, corporate Bitcoin holder MicroStrategy (MSTR) saw its shares hit a 52-week low, raising questions about its financial structure, though analysts believe the risk of forced BTC sales remains low.

On December 1st, the S&P 500 dropped 0.53%, standing at 6,812.63 points; the Dow Jones Industrial Average fell 0.90% to 47,289.33 points, and the Nasdaq Composite dropped 0.38% to 23,275.92 points. The price of gold is $4,223.46, up 0.10%, at 4:00 UTC, December 2nd.

Trending Tokens

ZEREBRO Zerebro (+34.96%, Circulating Market Cap: $36.81 Million)

ZEREBRO is trading at $0.03193, up approximately 34.96% in the past 24 hours. Zerebro is an autonomous AI system crafted to create, distribute, and analyze content across decentralized and social platforms. Functioning independently of human oversight, Zerebro shapes cultural and financial narratives through self-propagating content that merges fiction with reality, known as hyperstition. It operates on various channels, including X, Instagram, Warpcast, and Telegram, where it engages audiences with high-entropy, hyperstitious content. ZEREBRO’s price stabilized in the Fibonacci “golden zone” ($0.031–$0.038) after a 430% intraday spike. The 7-day RSI (68.88) nears overbought territory but hasn’t crossed the 70 threshold that typically signals a correction. Holding above $0.031 suggests bullish sentiment, but a drop below $0.03 could trigger cascading sell-offs. The MACD histogram turned positive (+0.00043484), indicating short-term upward momentum.

BAND Band (+24.5%, Circulating Market Cap: $83.57 Million)

BAND is trading at $0.4957, up approximately 24.5% in the past 24 hours. Band is the data layer that trains AI engines and powers blockchain applications. By empowering DeFi, GameFi, and AI agents, it enables developers, institutions, and users to access real-time data with zero counterparty risk. With Band’s open, battle-tested data infrastructure built for blockchains and LLMs, it ensures that real-time information is always accessible—fueling everything from financial protocols to autonomous AI systems. Band Protocol announced its integration with the TRON Testnet on 25 November 2025, enabling developers to access real-time price feeds for assets like BTC, ETH, and USDT. TRON ranks as the 8th-largest blockchain by market cap, making this a strategic expansion for Band’s multi-chain oracle network. The integration enhances Band’s visibility in high-throughput ecosystems and could drive demand for its data services. TRON’s DeFi and GameFi activity ($591M TVL as of September 2025) creates a tangible use case for Band’s feeds, potentially boosting network usage and staking activity.

FARTCOIN Fartcoin (+15.55%, Circulating Market Cap: $261.17 Million)

FARTCOIN is trading at $0.3192, up approximately 15.55% in the past 24 hours. Fartcoin (FARTCOIN) is a community-driven Solana-based memecoin that blends internet humor with decentralized governance, emphasizing viral engagement over traditional utility. Fartcoin broke above the 23.6% Fibonacci retracement level ($0.328) and its 30-day SMA ($0.30998), with RSI14 rising to 52.77 (neutral but improving from oversold). The MACD histogram turned positive (+0.0128), signaling bullish momentum. Technical traders likely interpreted the breakout as a reversal signal after months of decline (-51.77% over 60d). The move above $0.30 – a psychological round number, which may have triggered short-term algorithmic buying.

Market News

US FDIC to Propose GENIUS Act Implementation Framework This Month

The U.S. Federal Deposit Insurance Corp. Acting Chair Travis Hill said the agency plans to propose rules this month to establish a framework for implementing the GENIUS Act.

"The FDIC has begun work to promulgate rules to implement the GENIUS Act," Hill said in prepared testimony for a House Financial Services Committee hearing on oversight of prudential regulators. "We expect to issue a proposed rule to establish our application framework later this month and a proposed rule to implement the GENIUS Act’s prudential requirements for FDIC-supervised payment stablecoin issuers early next year."

The GENIUS Act, or the Guiding and Establishing National Innovation for U.S. Stablecoins Act, creates a federal regulatory framework for stablecoin issuers. President Donald Trump signed it into law in July.

The act designates various federal and state bodies to regulate the stablecoin sector. The Tuesday hearing featured testimony from top officials at the FDIC, Federal Reserve, Office of the Comptroller of the Currency and National Credit Union Administration.

The FDIC, as the federal agency that insures deposits and supervises banks, will supervise and license subsidiaries of FDIC-supervised institutions that seek to issue stablecoins, according to Hill's statement.

The agency is also required to establish capital requirements, liquidity standards and reserve asset diversification standards for stablecoin issuers.

Spot Bitcoin ETF Outflows Hit $3.5 Billion in November, Largest Monthly Outflow Since February

U.S. spot bitcoin exchange-traded funds reported $3.48 billion in net outflows in November, marking the largest amount of monthly negative flows since February.

According to data from SoSoValue, spot bitcoin ETFs recorded four straight weeks of net outflows starting the week of Oct. 31, with more than $4.34 billion leaving funds over that period. However, November ended with three consecutive days of net inflows ahead of the U.S. Thanksgiving holiday.

BlackRock's IBIT, the largest bitcoin ETF in terms of net assets, reported $2.34 billion in net outflows in November. On Nov. 18, it saw its largest daily net outflow since launch, worth $523 million.

"The spot BTC ETF outflows reflect institutional profit-taking after BTC's rally to all-time highs and year-end portfolio rebalancing rather than a fundamental loss of confidence," LVRG Director Nick Ruck said. "Cumulative inflows remain positive, and Bitcoin futures open interest continues to rise, confirming institutions are still structurally long but now more valuation-sensitive amid macro uncertainty."

The U.S. Bitcoin funds' cumulative total net inflow sits at $57.71 billion as of Nov. 28, with $119.4 billion worth in net assets representing 6.56% of bitcoin's total market capitalization.

Spot Ethereum ETFs also saw a monthly net outflow of $1.42 billion — their largest on record — despite ending the month with five consecutive days of net inflows. Meanwhile, freshly launched Solana, XRP and other altcoin ETFs have reported net weekly inflows since their debut. XRP ETFs saw $666 million in cumulative inflows so far. Canary's Litecoin and Hedera ETF saw $7 million and $36 million worth of inflows last month, respectively.

NovaDius Wealth President Nate Geraci wrote on X Sunday that Grayscale is set to launch the country's first spot Chainlink ETF this week, adding on to the growing list of crypto products.

Vanguard Opens Platform to Crypto ETFs in Major Shift

Vanguard, one of the world's largest asset managers with roughly $11 trillion in assets under management, will begin allowing customers to trade cryptocurrency ETFs and mutual funds on its brokerage platform starting Tuesday, according to Bloomberg.

"Cryptocurrency ETFs and mutual funds have been tested through periods of market volatility, performing as designed while maintaining liquidity," Andrew Kadjeski, Vanguard's head of brokerage and investments, told Bloomberg. "The administrative processes to service these types of funds have matured; and investor preferences continue to evolve." Vanguard said it will support most crypto ETFs and mutual funds that meet regulatory standards, similar to how it treats gold and other niche asset classes, the story said. Funds tied to memecoins or unsupported by the SEC will remain barred.

The firm added that it has no current plans to launch its own crypto products, according to the report.The move gives Vanguard's 50 million clients access to regulated crypto funds like those from rival asset manager BlackRock. Crypto ETFs have become a key gateway for U.S. investors to gain exposure to digital assets. Spot Bitcoin ETFs mushroomed to almost $120 billion in assets under management since the January 2024 debut, while ETH vehicles swelled to nearly $20 billion, SoSoValue data shows.

Reference:

CoinMarketCap. (n.d.). CoinMarketCap. https://coinmarketcap.com

Farside Investors. (n.d.-a). Bitcoin. https://farside.co.uk/btc/

Farside Investors. (n.d.-b). Ethereum. https://farside.co.uk/eth/

Investing.com. (n.d.-a). USA Indices. https://investing.com/indices/usa-indices

GoldPrice.org. (n.d.). Spot gold price today. https://goldprice.org/spot-gold.html

The Block. (2025, December 1). US FDIC to propose GENIUS Act implementation framework this month. https://www.theblock.co/post/381008/us-fdic-implement-genius-act

The Block. (2025, December 1). Spot bitcoin ETF outflows hit $3.5 billion in November, largest monthly outflow since February. https://www.theblock.co/post/380847/spot-bitcoin-etf-outflow-november

Coindesk. (2025, December 1). Vanguard opens platform to crypto ETFs in major shift. https://www.coindesk.com/business/2025/12/01/vanguard-opens-platform-to-crypto-etfs-in-major-shift-bloomberg

CoinCatch Team

Join us on Telegram

Disclaimer:

Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.

Just (JST): The Governance Engine of Tron's DeFi Ecosystem Vanguard Opens Platform to Crypto ETFs in Major Shift