BTC holds $92K
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 4th December 2025.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
BTC Steady As Macro Picture Seems To Brighten
Private payroll data released yesterday suggests a weakening employment situation in the U.S.
Risk is still in check — but not necessarily off.
Bitcoin was holding fairly steady at about $92,600. That's as of today at 9:23 a.m. (EST). And that mark reflects a smidgen of a gain (+0.3%), per CoinGecko. Markets are pricing in an 89% chance of a Fed rate cut next Wednesday.
Ethereum semi-rallied on its own accord. The network’s Fusaka upgrade, rolled out yesterday, introduces changes intended to boost block capacity. It’s the network's second major upgrade this year. ETH’s spot price at last check sat close to $3,180, up 3.6% in 24 hours.
Meanwhile, Fartcoin, crass-sounding yet resilient, returned to the fold of the Top 200 digital assets with a 24-hour gain of +11%. Another impressive one-day return was turned in by Decred (DCR), the No. 195 coin, which gained 20% since this time on Wednesday.
DCR is the fifth-largest privacy coin. Privacy-related tokens has been a conspicuously volatile bin lately. A couple of the largest of them, such as Dash and Zcash, are battered over seven days. So too is DCR. It remains down 9% on the week.
What's down
SOL Fund Has Weirdly Bad Day
U.S. spot Solana ETFs recorded their largest single-day outflow on Wednesday.
The entirety of the exodus owed to the $41.8M that departed from 21Shares’ TSOL fund. TSOL's outflow was partially offset by modest inflows into various other Solana ETFs, Decrypt pointed out. Interestingly, the exit came on the same day that Franklin Templeton launched its Solana ETF (SOEZ). “Likely a position reset,” one analyst said of the sudden TSOL belch.
The timing does seem curious. ETH and XRP ETFs were fine. Each camp saw inflows yesterday. Since their launch at the end of October, SOL-related funds have seen only three days on which flows weren’t positive.
Meanwhile, Solana’s on-chain fundamentals appear robust, Decrypt added, citing Artemis data. More than $300M has flowed onto the Solana network in the past 30 days.
During that same period, SOL’s spot price has declined about 12% to $142, according to CoinGecko.
What's next
Ethereum Makes Move On Bitcoin
Ethereum’s Fusaka upgrade is supposed to increase scalability. How? Changes to incremental data capacity configurations ("blobs") alongside a more efficient data-availability system should boost Ethereum’s layer-1 execution capacity, directly increasing the number of transactions that can fit in a block.
Okay, this all sounds wonky because it is, and still we concede to concocting a wildly simplified explanation of the upgrade’s specifics with which we wrestled for the better part of two hours. But let’s put it in an even easier-to-digest nutshell — higher throughput, less congestion and less expensive gas fees. It’s a tailwind for ETH, summarizes BRN's Timothy Misir.
"Network growth touched 190,000 new addresses in a single day, indicating genuine organic expansion post-Fusaka," Misir told CoinDesk.
ETH’s momentum has lifted the ETH/BTC ratio by 4%, cementing a bullish technical breakout, per CoinDesk analysis. Trend lines had been descending since late summer. Not anymore. The shifting pattern, CoinDesk said, indicates an impending ETH bull run versus BTC.
