The crypto market today (7 Dec 2025) is weak to sideways, with Bitcoin consolidating below recent highs and Ethereum holding near the low‑3000s while broader risk sentiment stays cautious.[1][2][3]
## Market overview
Bitcoin has pulled back from its early‑December peak above 93,000 USD and is now trading in the high‑80,000 to low‑90,000 range, reflecting fading year‑end rally momentum and a more defensive stance in derivatives positioning.[1][4][5] Options data show traders expecting BTC to remain range‑bound rather than trend strongly, consistent with talk of a possible “crypto winter” phase as leverage comes down.[4][6]
Ethereum is trading around 3,000–3,100 USD today, notably below its 2025 highs but relatively more stable than high‑beta altcoins.[1][2] Prediction and research sites put ETH’s near‑term fair value in roughly the 2,900–3,200 band, which aligns with current spot pricing and indicates a consolidation phase rather than a strong uptrend or breakdown.[7][8][2]
## Key drivers today
– Macro: Expectations for rapid global rate cuts have cooled, pressuring risk assets including crypto and contributing to BTC’s recent slide from six‑figure levels toward the high‑80k/low‑90k area.[6][3] This macro reset is one reason November’s crypto weakness has extended into early December, with investors more selective on risk.[3] – Leverage: Around 2 December, crypto liquidations jumped to roughly 440 million USD in 24 hours, with about 270 million from long positions, showing that overstretched leverage was flushed out as volatility spiked.[6] Such liquidation waves often reset positioning and can create a cleaner base for more informed capital to re‑enter.[6] – Institutional flows: Infrastructure developments continue in the background, including new Visa and Mastercard integrations for Bitcoin and stablecoin settlement, signaling ongoing institutional and payments‑rail adoption even as speculative activity cools.[6]
## BTC vs ETH snapshot
| Metric | Bitcoin (BTC) | Ethereum (ETH) |
|—————–|———————————–|————————————–|
| Spot zone today | High‑80k to low‑90k USD range.[1][9] | Around 3,000–3,100 USD.[2][7] |
| Recent high | Above 93,000 USD on 4 Dec 2025.[5] | Above 3,400 USD in Nov 2025.[10] |
|
