After a turbulent trading day that saw the crypto market take a heavy hit, the price board is convincingly green today. Investors appear to be cautiously returning, with bitcoin once again leading the recovery. In this update, we review the key movements of the past 24 hours and examine what analysts expect for the coming period.
Market Overview: Green Prices with Bitcoin Leading #
The crypto market presents a starkly different picture today compared to yesterday. Following the sharp correction yesterday, the market is bouncing back. Over the past 24 hours, the market has gained 6% in value. Bitcoin has risen even higher, up 8%, bringing its price to around $90,500.
The weekly chart shows that the price has almost fully recovered from yesterday’s correction. Due to economic developments in Japan, the price dropped to a low of $84,000. Over the weekend, the price moved toward $92,000, so a full recovery from yesterday’s dip isn’t complete yet. However, the trend is positive: compared to a week ago, the largest coin is up 3.7%.
Crypto executive and researcher Tom Lee remains optimistic about ‘digital gold’. According to him, crypto needs ‘another week or two and then it will be ready to rise again.’ The analyst adds:
“I think Bitcoin can set an all-time high by the end of January.”
Dutch analyst Merlijn The Trader also foresees a bright future for bitcoin. The analyst outlines three possible scenarios: initially, bitcoin could conquer the $93,000 price level, after which further gains are realistic. If this fails, the price could retreat to $78,000, but it would then recover.
In the worst-case scenario, the analyst envisions the price dropping to $69,000. But even in this worst-case scenario, the analyst expects the price to recover above $100,000.
BITCOIN: THE 3-PATH SCENARIO The shakeout hit. Now $BTC sits in the reload zone. Three paths from here: – $93K reclaim will turbo send – Retest $78K before liftoff – Max pain $69K wick & reversal One thing is clear: This is where setups are born. Don’t freeze. Position.
— Merlijn The Trader (@MerlijnTrader) December 2, 2025
Other top 10 coins are following bitcoin today. Ethereum has risen by double digits, up 10%, cautiously moving above $3,000. According to some analysts, ethereum is currently in a crucial zone and must hold this level.
XRP, solana, and BNB are also rallying. With gains of 7.2%, 11%, and 8.4% respectively, these coins have nearly recovered from yesterday’s correction. Due to today’s strong performance, only two coins in the top 10 are down for the week: XRP by 3.2% and dogecoin by 1.7%.
The strong gains of the past few hours have little to do with major news, according to analysts at The Kobeissi Letter, and are mainly attributed to market mechanics.
BREAKING: Bitcoin is on track for its biggest daily gain since May 2025, nearing $91,000, as levered short liquidations surge. In the last 60 minutes alone, ~$140 million of shorts have been liquidated compared to just ~$3 million of longs. Recent swings in crypto are ENTIRELY…
— The Kobeissi Letter (@KobeissiLetter) December 2, 2025
Today’s Top Gainers from the Top 100 #
The picture from yesterday has completely reversed. While sui, pump.fun, and NEAR protocol were among the biggest losers yesterday, they are among the top gainers today.
| Name | Gain (24h) | Price |
|---|---|---|
| Sky | 18.4% | $0.057 |
| Pump.fun | 16.5% | $0.0030 |
| Sui | 16.4% | $1.55 |
| Worldcoin | 12.5% | $0.63 |
| NEAR Protocol | 12.4% | $1.80 |
Today’s Top Losers from the Top 100 #
Losses today were limited to the following coins:
| Name | Loss (24h) | Price |
|---|---|---|
| LEO Token | 5.1% | $9.27 |
| Canton | 4% | $0.076 |
| PAX Gold | 1.1% | $4,190 |
| Tether Gold | 1.0% | $4,181 |
| Monero | 0.3% | $397 |