Bitcoin ($BTC) Crypto Forecast: Up 6.4% Today

What is Bitcoin?

Bitcoin (BTC) is a leading cryptocurrency known for its high volatility and market dominance. Today, it experienced a strong bullish movement, trading near $93,000.

Why is Bitcoin going up?

BTC crypto is up 6.4% on Dec 3, 2025 13:36

• Despite low institutional and retail demand, Bitcoin showed resilience and surged close to $93,000, leading a relief rally for other cryptocurrencies like Ethereum and XRP.
• Bitcoin's settlement of Visa-scale volumes, primarily for wholesale purposes, highlights its growing adoption as an alternative to traditional settlement networks.
• The bounce in Bitcoin's price can be attributed to significant liquidations and inflows into Bitcoin ETFs, indicating renewed investor interest in the cryptocurrency.
• While Bitcoin continues to gain mainstream acceptance, challenges like misleading media coverage and regulatory scrutiny underscore the ongoing volatility and skepticism surrounding the cryptocurrency market, as highlighted by the Australian Bitcoin Group and former SEC Chair Gary Gensler, respectively.

BTC Price Chart

BTC Technical Analysis

BTC News

Crypto Today: Bitcoin, Ethereum, XRP edge higher despite low institutional and retail demand

Bitcoin (BTC) is showcasing strength, trading marginally below $93,000 at the time of writing on Wednesday. Altcoins, including Ethereum (BTC) and Ripple (XRP), are extending mild intraday gains, moving in tandem with Bitcoin and the larger cryptocurrency market.

https://www.fxstreet.com/cryptocurrencies/news/crypto-today-bitcoin-ethereum-xrp-edge-higher-despite-low-institutional-and-retail-demand-202512031200

Bitcoin now settles Visa-scale volumes, but most is for wholesale, not coffee

Bitcoin settled $6.9 trillion in the past 90 days as a growing alternative to traditional settlement networks, but its global merchant adoption remains only a fraction of international giants.

https://cointelegraph.com/news/bitcoin-stablecoin-settlement-visa-mastercard-consumers

Bitcoin To $93,000 As Ethereum, XRP, Dogecoin Continue Relief Rally

Bitcoin has bounced back to $93,000 on Wednesday as liquidations hit $480.68 million over the past 24 hours. Bitcoin ETFs saw $58.5 million in net inflows on Tuesday, while Ethereum ETFs reported $9.9 million in net outflows.

https://www.benzinga.com/crypto/cryptocurrency/25/12/49180740/bitcoin-to-93000-as-ethereum-xrp-dogecoin-continue-relief-rally

Australian Bitcoin Group Challenges ABC News Over 'Misleading' Coverage

The ABIB claims that ABC "misrepresented Bitcoin's purpose" and conflated it with criminal activity in its coverage.

https://decrypt.co/350744/australian-bitcoin-group-challenges-abc-news-over-misleading-coverage

Gensler separates Bitcoin from pack, calls most crypto 'highly speculative'

In a Bloomberg interview, former SEC Chair Gary Gensler reiterated that Bitcoin stands apart from thousands of other crypto tokens, which he described as "highly speculative" assets.

https://cointelegraph.com/news/ex-sec-gensler-cryptocurrencies-speculative

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Bitcoin Price History

02.11.2025 - BTC Crypto was up 5.1%

• The decision by Vanguard to allow investors to purchase cryptocurrency and Bank of America's endorsement of a 1%-4% crypto allocation, including Bitcoin ETFs, indicates a growing mainstream embrace of digital currencies, significantly boosting confidence in BTC.
• Grayscale's dismissal of predictions suggesting a Bitcoin price crash, along with its forecast of surpassing previous records, has led to increased optimism and bullish sentiment among investors, thereby fueling demand for BTC.
• Despite some initial uncertainty stemming from the rare bear market bottom signal from Bitcoin velocity RSI and the UK's contemplation of prohibiting crypto donations to political parties, the overall positive market sentiment towards BTC overshadowed these concerns.
• The collective impact of these developments is believed to have driven the strong bullish movement of BTC today, as investors demonstrate an escalating level of interest and trust in the cryptocurrency.

02.11.2025 - BTC Crypto was up 7.6%

• A renowned financial institution recently recommended a 1% to 4% cryptocurrency allocation, including Bitcoin, for its wealth management clients, likely boosting investor confidence in BTC.
• A collaboration between Strategy and Snowflake to standardize data for AI has highlighted the integration of blockchain technology across industries, indirectly impacting BTC's price.
• The significant drop in American Bitcoin stock (ABTC) by more than 50% amidst a broader crypto market decline may have caused initial market uncertainty, but BTC maintained its bullish momentum, demonstrating resilience.
• Despite sector-wide fluctuations, positive institutional endorsements and strategic partnerships in the cryptocurrency space have overshadowed the negative impact of market downturns on specific Bitcoin-related stocks, driving BTC's upward movement.

03.11.2025 - BTC Crypto was up 6.4%

• Despite low institutional and retail demand, Bitcoin showed resilience and surged close to $93,000, leading a relief rally for other cryptocurrencies like Ethereum and XRP.
• Bitcoin's settlement of Visa-scale volumes, primarily for wholesale purposes, highlights its growing adoption as an alternative to traditional settlement networks.
• The bounce in Bitcoin's price can be attributed to significant liquidations and inflows into Bitcoin ETFs, indicating renewed investor interest in the cryptocurrency.
• While Bitcoin continues to gain mainstream acceptance, challenges like misleading media coverage and regulatory scrutiny underscore the ongoing volatility and skepticism surrounding the cryptocurrency market, as highlighted by the Australian Bitcoin Group and former SEC Chair Gary Gensler, respectively.

03.11.2025 - BTC Crypto was up 6.2%

• A dispute between the Australian Bitcoin Group and a media outlet over coverage might have positively influenced investor sentiment towards BTC.
• Comments by Gary Gensler distinguishing Bitcoin from other speculative assets may have solidified BTC's position as a stable investment choice.
• The introduction of a $100 million fund by 3iQ that generates returns in Bitcoin may have attracted institutional investors to BTC, boosting its market demand.
• Decreases in Bitcoin Bollinger BandWidth to record lows and the detection of a 'parabolic' bull signal could have prompted technical purchasing, contributing to the uptrend in BTC.

03.11.2025 - BTC Crypto was up 7.2%

• Bitcoin's Bollinger Bands signaling a 'parabolic' bull signal from late 2023 likely contributed to the bullish momentum, indicating a potential 40% price upside.
• The surge in daily crypto liquidations due to overheating leverage suggests increased market activity and speculative trading, potentially fueling BTC's upward trajectory.
• The replacement of Bitcoin with gold in a strategic move by Ross Gerber may have sparked discussions about the comparative value and stability of different assets, indirectly highlighting Bitcoin's appeal.
• Kevin O'Leary's endorsement of investing in both cryptocurrencies and their underlying infrastructure, like the Grayscale Bitcoin Mini Trust, could have instilled confidence in BTC's long-term potential, attracting more investors to the market.

03.11.2025 - BTC Crypto was up 7.0%

• Kevin O'Leary's endorsement of investing in both cryptocurrencies like Bitcoin and their underlying infrastructure may have boosted investor confidence in BTC.
• The surge in digital asset treasury stocks, particularly Ether-focused firms, could have contributed to the overall positive sentiment in the crypto market, including the rise in BTC.
• The rally in altcoins like Pudgy Penguins (PENGU), Sui (SUI), and Pump.fun (PUMP) following Bitcoin's rebound suggests a broader market optimism that likely spilled over to BTC.
• Bitcoin's recovery to $93,000 after a recent leverage flush, coupled with analysts' predictions of reaching $100,000, indicates renewed interest and optimism in the cryptocurrency, driving its bullish movement.

03.11.2025 - BTC Crypto was up 5.2%

• Confidence in Bitcoin despite the unlikely December Fed rate cuts indicates a strong belief in the cryptocurrency's resilience and potential for growth.
• Contemplation of selling Bitcoin to benefit MicroStrategy shareholders could have caused uncertainty in the market, leading to increased volatility in BTC's price.
• Decision to allow cryptocurrency ETFs on its platform signals a major shift in institutional acceptance of digital assets, potentially attracting more investors to Bitcoin.
• The launch of CME's Bitcoin volatility index reflects the maturation of institutional crypto trading, providing more sophisticated risk management tools for market participants.

03.11.2025 - BTC Crypto was up 6.9%

• BTC rallied above $92,000 as altcoins like Pudgy Penguins (PENGU), Sui (SUI), and Pump.fun (PUMP) also secured double-digit gains, indicating a broader positive sentiment in the cryptocurrency market.
• The recovery to $93,000 after a leverage flush on Sunday, coupled with analysts predicting a potential surge to $100,000, fueled investor optimism and contributed to BTC's bullish momentum.
• Despite criticisms from economist Peter Schiff about Bitcoin's value being "purely subjective" compared to gold, the overall market sentiment and macro tailwinds seem to be driving BTC's price higher.
• Negative reports like the one from Australia's national broadcaster painting Bitcoin as a tool for criminals did not seem to significantly impact BTC's performance, as the market focused more on positive catalysts like Vanguard's decision to allow crypto ETFs.

03.11.2025 - BTC Crypto was up 7.2%

• Negative sentiment did not impact Bitcoin's bullish movement, showing resilience against FUD (Fear, Uncertainty, and Doubt).
• Bitcoin's reclaiming of the $92,000 level and the relief rally after Monday's drop suggests strong buying interest and a shift in market sentiment from fear to greed.
• Cathie Wood's Ark Invest showing confidence in crypto-exposed names like Coinbase and Bullish indicates a positive long-term outlook for the digital asset market.
• Mention of a potential Bitcoin 'squeeze of a lifetime' led by MicroStrategy's contemplation of selling Bitcoin brings an interesting dynamic, hinting at possible short-term price spikes driven by strategic moves of key players.

02.11.2025 - BTC Crypto was up 6.1%

• A statement about MicroStrategy potentially selling Bitcoin surprised the market, leading to increased speculation and trading activity.
• The decision to allow cryptocurrency ETFs on Vanguard’s platform opened up a new avenue for investors, boosting confidence in the digital asset market.
• The launch of CME’s Bitcoin volatility index indicates a growing interest from institutional investors, adding to the positive sentiment surrounding BTC.
• Bitcoin's price reclaiming $91,000, driven by ETF activity and short liquidations, suggests renewed optimism and momentum in the market.

02.11.2025 - BTC Crypto was up 7.2%

• The breakdown of Strategy's Bitcoin plan and possible future sales possibly boosted investor confidence in BTC, contributing to its upward trend.
• A sharp repricing of mining and treasury stocks amid a wider crypto market decline likely increased interest in BTC as a more secure option.
• The initiation of Texas' Bitcoin reserve program, indicating a change in governmental crypto stance, may have positively impacted market sentiment towards cryptocurrencies such as BTC.
• Despite the crypto market's decline, optimism surrounding Strategy's stocks and the potential for a recovery may have influenced traders to turn to BTC, thus driving its bullish movement.

02.11.2025 - BTC Crypto was up 8.5%

• BTC's bullish movement was supported by renewed ETF activity and short liquidations, indicating increased buying pressure in the market.
• VistaShares launching ETFs targeting Bitcoin and Ethereum may have contributed to positive sentiment and increased institutional interest in cryptocurrencies.
• Bank of America's endorsement of up to 4% allocation of wealth management portfolios to crypto, along with launching Bitcoin coverage and recommending crypto allocation, likely boosted confidence in the digital asset market among traditional investors.
• The mispricing of Bitcoin below $100K highlighted in the Bitwise report may have sparked a sense of undervaluation, attracting more investors to capitalize on the potential upside in BTC's price.