Bitcoin Broke Through $93,000, Ethereum — $3,000

• The crypto market is witnessing an extensive recovery.
• Bitcoin has consolidated above $93,000, Ethereum — $3000.
• The daily volume of liquidations amounted to more than $490 million, mostly on short positions.
• Experts attribute the recovery to the stabilization of the macroeconomic background.

From December 2 to December 3, 2025, the cryptocurrency market was marked by positive dynamics. Bitcoin broke through the $93,000 level and consolidated on it, Ethereum — $3,000, according to TradingView.

In the moment, the price of bitcoin reached a mark of $93,958, but it was not able to overcome the threshold of $94,000. In preparation of this material, the asset is trading at $93,228.

BTC/USDT rate on the Binance exchange. Source: TradingView.

Ethereum, in turn, in the moment reached $3085. When preparing this material, the asset is trading at $3057.

ETH/USDT rate on the Binance exchange. Source: TradingView.

Other crypto assets also showed positive dynamics. At the same time, most of the major altcoins are ahead of bitcoin. For example, Solana (SOL) grew by 11.5%.

Top 10 cryptoassets by capitalization index. Source: CryptoRank.

The sharp uptrend in the market has caused a wave of liquidations of futures contracts. The daily volume of losses is more than $490 million, of which $418.6 million are shorts.

Daily liquidations volume for cryptoasset futures contracts. Source: CoinGlass.

The Fear and Greed Index rose by two points, but the indicator is still in the red zone.

Fear and Greed Index on the cryptoasset market. Source: CoinStats.

The recovery in the market has been massive. Traders believe that the uptrend is due to reduced volatility around macroeconomic data.

On December 2, 2025, an auction of 10-year Japanese government bonds (JGB) was held. The yield on them reached the maximum for 17 years — 1.88%. The auction also showed strong demand for the securities.

The subsequent commentary of the central bank chairman Kazuo Ueda showed that the regulator is likely to continue raising the rate. This allowed to “calm” the market.

At the same time, US President Donald Trump said he would announce a new candidate for the Federal Reserve chairmanship in early 2026. He also confirmed that the favorite is Kevin Hassett, who adheres to a pro-cryptocurrency stance and probably a softer course of the regulator.