The cryptocurrency market remains under pressure in early December 2025 after a sharp decline in November, but has shown signs of stabilization in recent days: Bitcoin (BTC) is trading in the $90,000–92,000 range, remaining approximately 25–30% below its historic October high of over $120,000.
According to CoinMarketCap, the total capitalization of the cryptocurrency market on December 6–8 is about $3 trillion, which is significantly lower than the peak values of the fall, against the backdrop of the “December reckoning” — a continuation of the sell-off that began in November and intensified due to investors exiting spot Bitcoin ETFs and the unwinding of excess leverage.
Ethereum (ETH) is holding above $3,000 – around $3,100 – and looks stronger than Bitcoin in early December: a number of reviews note the local leadership of ETH and some of the major altcoins amid a recovery from November’s decline. Analysts admit the possibility of a move to $3,500–3,900 if the overall improvement in sentiment continues, although they emphasize that this requires maintaining the $3,000 mark as key support.
Among the factors determining the dynamics of December, market participants highlight, on the one hand, expectations of a 25 bp cut in the US Fed rate (probability of about 85-90%), which traditionally supports demand for risky assets, including cryptocurrencies, and, on the other hand, continued pressure from long-term holders who are taking profits and institutional players who are reducing their positions after the record rally of 2025.
The forecast for the end of 2025, according to analysts’ estimates, is cautiously neutral. For Bitcoin, the key range in the short term is considered to be $82,000–100,000: a breakout and consolidation above the psychological level of $100,000 could pave the way for a recovery towards $110,000–120,000, while failure to stay above $86–88 thousand will again increase the risks of a rollback to the lower part of the range.
For Ethereum, the baseline scenario assumes trading in the range of approximately $2.8–3.6 thousand, with possible attempts to break above it if global risk appetite improves.
Experts emphasize that the end of the year will be marked by increased volatility: the market is essentially completing a painful “reset” of excessive leverage and speculative positions. This creates the conditions for more sustainable growth in 2026 based on institutional demand, tokenization of real assets, and further clarification of regulations. However, in the last weeks of 2025, investors should be prepared for sharp intraday price fluctuations, according to analysts.
