Indian Clarity

Light. Truth. Clarity.

Loading ad...
Blockchain

Bitcoin breaks above $92,000: 'A Santa rally is certainly not off the cards'

Bitcoin breaks above $92,000: 'A Santa rally is certainly not off the cards' Ines Ferré · Senior Business Reporter Wed, December 3, 2025 at 8:52 PM GMT+5:30 2 min read BTC-USD ETH-USD Bitcoin (BTC-USD) stood above $92,000 on Wednesday, a key level traders have been watching that could signal a run toward $100,000 isn't out of the question. Bullish developments over the past two days have boosted investor sentiment, including Vanguard offering crypto products on its platform, Bank of America recommending up to a 4% crypto asset allocation for its wealth management clients, and a major upgrade to the ethereum network. "We're not out of the woods yet, but December may be shaping up to be a far better month than its predecessor, and a Santa rally is certainly not off the cards," Coin Bureau investment analyst and co-founder Nic Puckrin said.

Bitcoin breaks above $92,000: 'A Santa rally is certainly not off the cards'

Credit: Yahoo

Key Highlights

  • Bitcoin is recovering from a rough November, during which the cryptocurrency dropped 18%.
  • Meanwhile, bitcoin exchange-traded funds (ETFs) are rebounding after experiencing their second-largest monthly outflows on record.
  • Read more about bitcoin's moves and today's market action.
  • "Bitcoin continues to rely heavily on institutional flows, which naturally slow in the middle of the month, making a sustained breakout less likely," 10X Research said in a note on Wednesday.
  • "With that said, the break above $92,000 does open the path toward a retest of $100,000." Investors are expecting a 25 basis point rate cut at the Dec.
Loading ad...

Sources

  1. Bitcoin breaks above $92,000: 'A Santa rally is certainly not off the cards'

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Related Stories

Loading ad...