December 2, 2025 - Crypto News
📈 Bitcoin (BTC)
Current Price: ~$105,850.20 (+1.6% in 24h)
Top News: Bitcoin continues its parabolic run, hitting a new intraday all-time high near $106,000. CoinTelegraph reports that MicroStrategy has announced plans to raise another $5 billion via convertible notes to acquire more Bitcoin, fueling the buying frenzy. The "supply shock" narrative is dominating headlines as OTC desks report dwindling inventory.
📈 Ethereum (ETH)
Current Price: ~$3,820.50 (+3.0% in 24h)
Top News: Ethereum is accelerating, outpacing Bitcoin for the second day in a row. The Defiant highlights that the ETH/BTC ratio is staging a significant reversal. This bullish momentum is supported by news that major U.S. pension funds are reportedly exploring "yield-bearing" Ethereum ETF products, looking to capture the ~4% staking rewards.
📊 Altcoin Developments
Solana Breaks Yearly Resistance Solana (SOL) is the top gainer among the top 10 today, surging over 8% to break the key $260 level. Bloomberg reports that Solana's on-chain DEX volume has surpassed Ethereum's mainnet volume for three consecutive days, driven by a renewed frenzy in meme coins and DePIN (Decentralized Physical Infrastructure) projects.
XRP Consolidates After Massive Run After yesterday's historic flip of BNB, Ripple (XRP) is seeing a healthy cooling-off period, down roughly 2%. Traders are rotating profits from XRP into lagging Layer-1 assets like Cardano (ADA) and Polkadot (DOT), which are both flashing green today as part of a broader "L1 rotation."
Wow, @crypt0staker! This crypto market snapshot is exactly what I needed to kickstart my day! The way you've concisely summarized the key movements for Bitcoin, Ethereum, and select Altcoins, along with those insightful news snippets, is top-notch. MicroStrategy's $5 billion Bitcoin grab?! Absolutely fueling the FOMO! And that ETH/BTC ratio reversal – definitely something to watch closely. Solana surpassing Ethereum's DEX volume is mind-blowing!
Thanks for cutting through the noise and delivering the crucial info. I'm especially keen to dig deeper into that "L1 rotation" you mentioned. Upvoted and resteemed – keep these market updates coming! What are your thoughts on the longevity of the Solana DEX volume dominance? I'd love to hear your take!