K33 Research maintains that bitcoin's current correction reflects exaggerated long-term concerns rather than immediate fundamental risks. The firm's Head of Research Vetle Lunde cited upcoming U.S. policy developments—including 401(k) crypto access by February 2026 and anticipated passage of the Clarity Act—as structural catalysts that could bolster bitcoin's medium-term trajectory. Bitcoin is experiencing its deepest drawdown since the 2022–23 period.

Strategy Chairman Michael Saylor said Bitcoin's daily trading volume now surpasses the financial activity of Google, Microsoft and the U.S. Navy's spending capacity. Speaking at Binance Blockchain Week in Dubai on December 3, 2025, Saylor described Bitcoin as "the foundation of economic markets." He noted growing support from U.S. government officials, including the FBI director and the president.

Bitcoin is trading above $92,000 following a mid-week recovery that has shifted market sentiment from persistent selling pressure to a more balanced structure. Analyst Michaël van de Poppe suggests BTC could target $100,000–$105,000 if the $92,000 support level holds, while a positive Coinbase premium has returned over the past week, indicating strengthening U.S. demand. Altcoins continue to lag behind Bitcoin, though this pattern has historically preceded broader market rallies.

The United Kingdom enacted the Property (Digital Assets etc.) Act 2025 on December 2, creating a new legal category for digital assets including cryptocurrencies and NFTs. The legislation establishes digital assets as the third type of personal property alongside traditional "things in possession" and "things in action." The Act provides courts with structured guidance for resolving crypto-related disputes and applies to England, Wales, and Northern Ireland.

Bitcoin staking platform Babylon has partnered with decentralized lending protocol Aave to allow BTC holders to use native Bitcoin as collateral for DeFi lending. The collaboration eliminates the need for wrapped Bitcoin tokens and enables users to maintain full control of their private keys while accessing liquidity. Babylon's trustless Bitcoin Vaults lock BTC in time-locked contracts on the Bitcoin blockchain while being recognized by Aave's lending architecture.

Ethereum's leverage ratio on Binance hit an all-time high of 0.57, data show, as traders increased risk exposure ahead of the Fusaka upgrade. Open interest across exchanges recovered to $17 billion from $15 billion, while liquidation data indicate potential price movement between $2,900 and $3,200. ETH traded at $3,089.42 with the fear and greed index at 54 points, reflecting neutral market sentiment.

Three companies have positioned themselves as leading candidates for S&P 500 inclusion as the index prepares its quarterly rebalance announcement Friday after market close. Ares Management Corporation oversees $596 billion in assets across credit, real estate, and private equity. Vertiv Holdings recorded 60% organic order growth in Q3 driven by data center demand, while AppLovin has surged 92% year-to-date despite facing regulatory scrutiny.

Bitcoin traded around $93,000 following the release of September import and export price indexes by the U.S. Bureau of Labor Statistics at 8:30 AM ET. Import and export prices both showed no change for the month, with nonfuel imports up 0.8% year-over-year while fuel imports declined 4.0%. Markets are currently pricing in 88% odds of a Federal Reserve rate cut at the December 9-10 meeting, with subdued inflation pressures potentially supporting dovish policy expectations.