The first week of December 2025 opened with sharp swings across the crypto market, setting the tone for a month already marked by uncertainty and fast-moving narratives.
Bitcoin kicked things off with a steep drop, partially recovered mid-week, and continued to trade under pressure as investors reassessed risk.
At the same time, Ethereum surprised the market with a strong reaction to the Fusaka upgrade, while ETFs across BTC, ETH, XRP, and LINK revealed how quickly institutional flows can shift sentiment.
From volatility in the majors to billion-dollar fund movements and landmark ETF launches, the week delivered signals worth watching closely — and some that may redefine momentum heading into year-end.
Bitcoin starts December with a drop and shows partial recovery mid-week
Source: CoinMarketCap
During the first week of December, Bitcoin (BTC) showed sharp volatility, alternating between significant declines and moments of recovery. Here are the main highlights of the week.
On December 1, Bitcoin fell about 5%, reaching close to $86,000. Selling pressure intensified after November already closed in the red, reinforcing a cautious tone in the market. Technical indicators, such as the monthly MACD, pointed to a negative signal, raising concern among traders and analysts.
Between December 2 and 3, BTC began a rebound, fluctuating between $86,300 and $93,500.
On December 4, Bitcoin reached $93,900, one of the highest levels in recent weeks. The rise reflected investors seeking discounted entries after the sharp drop at the start of the month.
Bitcoin today (Dec. 5) is trading around $90,000, posting losses over the last 24 hours. BTC remains in a period of heightened volatility, still reacting to the correction that marked the beginning of December.
Key factors influencing Bitcoin
Global risk-off sentiment continues to put pressure on the market.
Expectations surrounding U.S. interest rates directly affect BTC behavior.
Activity from large wallets and institutional demand also remain closely monitored.
Market sentiment remains fragile
A more conservative macroeconomic environment has kept many investors away from higher-risk assets.
Experts note that BTC remains highly sensitive to liquidity adjustments and speculative movements.
Even with the partial recovery, conditions remain unstable for short-term trading.
Ethereum Jumps 4.5% After Successful Fusaka Upgrade
Source: Santiment
The Ethereum network recorded a 4.5% increase shortly after the successful activation of the Fusaka upgrade, confirming market expectations that the update would bring major improvements in scalability, performance, and data efficiency.
The upgrade went live at block 18,200,000, marking a crucial step in Ethereum’s long-term development roadmap.
What Is the Fusaka Upgrade and What Does It Change?
Fusaka introduces structural improvements that prepare Ethereum to support a much larger volume of transactions and data—especially from layer-2 solutions.
PeerDAS: Smarter Data Distribution
The main innovation is PeerDAS, a system that allows each node to store only a fraction of the data blobs instead of full blocks.
This results in:
- reduced bandwidth and storage usage,
- easier decentralization (lower hardware requirements),
- up to 8x more blob capacity per block.
Enhanced Support for Rollups
Rollups rely on data availability from the base layer. With Fusaka:
- the network can handle a larger volume of information,
- rollups become more efficient,
- transactions may become faster and cheaper.
Potential Cost Reduction
Optimizations in data handling can lower fees—especially on L2s—because the cost of publishing data decreases.
Why Did Ethereum’s Price Rise After Fusaka?
- Renewed confidence in Ethereum’s roadmap
A smooth activation reinforces that the network is progressing toward a more scalable architecture with reduced congestion and better support for high-demand applications. - Expectations of lower fees
Any upgrade promising cheaper gas or improved efficiency historically sparks positive market sentiment. - Optimism around Web3 applications
With greater data capacity and lower operating costs, DeFi, gaming, RWAs, and rollups gain room to expand. - Increased buying from large wallets
Trading volume surged shortly after activation, showing interest from bigger investors.
What Does This Mean for Ethereum’s Future?
Greater scalability
Fusaka lays the foundation for upcoming upgrades, keeping Ethereum competitive as a smart-contract platform.
More decentralization
Lower hardware requirements make it easier for more users to run validator nodes, strengthening the network’s security.
Growth of L2 solutions
Rollups directly benefit from improvements in data availability.
More appeal to developers and institutions
A more efficient infrastructure enables faster, cheaper, and more accessible dApps—key factors for institutional adoption.
Fusaka Pushes Ethereum to a New Level of Efficiency
The upgrade delivers improvements that directly impact real network usage—especially in areas where Ethereum is expanding most: layer-2 solutions, DeFi, RWAs, and high-volume applications.
The market’s quick reaction, with ETH climbing 4.5%, shows that investors approved the technical milestone and trust its medium- and long-term benefits.
Gold Approaches Record High as Bitcoin and Stocks Decline
Source: Priority Gold
Gold regained momentum as it hit a new high and moved closer to record levels, just as Bitcoin and equities pulled back.
This shift reflects a change in investor appetite, with more demand for protection amid global economic uncertainty.
Why Is Gold Rising?
The precious metal climbed about 1% in a single session, once again approaching its all-time high. This movement is driven by three main factors:
1. Flight to safety
During periods of economic stress, persistent inflation, or geopolitical uncertainty, investors turn to assets viewed as stable.
Gold, backed by its long history and global liquidity, strengthens as a protection tool.
2. Risk rotation
When more volatile assets begin to fall, capital quickly rotates into safer alternatives.
Gold benefits directly from this shift.
3. Macroeconomic expectations
Changes in monetary policy, interest-rate projections, and signals of an economic slowdown increase demand for protective commodities.
Why Did Bitcoin and Stocks Decline?
1. High volatility
Despite maturing as a financial asset, Bitcoin still experiences sharp price swings.
In moments of risk aversion, investors tend to reduce exposure to crypto.
2. Correlation with risk assets
In recent years, Bitcoin has behaved similarly to equities, especially during downturns.
When global markets pull back, BTC often follows.
3. Profit-taking
After significant appreciation, many investors use the opportunity to lock in gains — adding selling pressure.
Crypto Funds Attract $1 Billion in One Week
Crypto Funds Attract $1 Billion in One Week
Crypto investment funds recorded $1.06 billion in global inflows over the past week, according to Money Times.
The movement marks an important turnaround after four consecutive weeks of outflows totaling roughly $5.7 billion.
What’s Driving the Recovery?
Renewed appetite for risk
The reversal comes after a period of strong risk aversion that pushed millions out of digital assets. With the market’s recent adjustment, some investors began seeing opportunity in the price dips.
Expectation of lower interest rates
With forecasts of rate cuts in several regions, traditional fixed-income investments become less attractive. This leads funds to reassess exposure to assets with higher return potential, such as cryptocurrencies.
Institutional capital flowing back in
The influx of billions shows that asset managers and institutional investors are increasing their crypto positions again, reinforcing long-term confidence in the sector.
What Explains the Reversal After $5.7 Billion in Outflows?
Correction seen as opportunity
Many investors used the recent declines as an entry point.
Reassessment of the macro environment
With expectations of less monetary tightening ahead, risk markets tend to benefit.
Sector consolidation
Even after sharp corrections, the crypto ecosystem continues to attract capital — a sign of resilience and growing maturity.
Bitcoin ETFs See $194 Million in Outflows — The Largest in Two Weeks: Here’s What’s Going On
Bitcoin ETFs in the United States recorded their biggest daily outflow in two weeks, with withdrawals totaling $194.6 million.
The movement signals a shift in investor sentiment and raises questions about short-term institutional appetite for BTC.
How Much Was Withdrawn — and From Where?
Total outflow: $194.6 million
In a single day, spot Bitcoin ETFs saw nearly $200 million withdrawn.
Most affected fund: BlackRock IBIT
The iShares Bitcoin Trust (IBIT), the largest Bitcoin ETF in the U.S., accounted for $113 million of the total.
Outflow the previous day
A day earlier, there was already a smaller withdrawal of $14.9 million, following five consecutive days of inflows.
These figures show how quickly the flow reversed.
What’s Behind the $194 Million Outflow?
1. Unwinding of basis trade operations
Institutions performing arbitrage by buying spot ETFs and shorting futures are closing their positions.
When these trades are unwound, a sharp outflow of capital from ETFs naturally follows.
2. Growing macroeconomic caution
Uncertainty around interest rates and global liquidity is making investors more defensive, reducing exposure to risk assets like BTC.
3. Pressure after periods of inflows
After several weeks of strong positive flow, corrections are common — especially as large players rebalance positions.
Why Does the Market Pay Attention to Outflows Like This?
Impact on Bitcoin’s price
Significant ETF outflows often increase indirect selling pressure, contributing to BTC price declines.
Institutional demand barometer
ETFs have become a key indicator of institutional interest in Bitcoin.
Large outflows suggest reduced risk appetite.
Psychological effect on the market
Smaller investors tend to react to institutional movements, which can trigger additional waves of selling.
XRP ETFs Attract Nearly $1 Billion After 12 Straight Days of Inflows: What’s Driving the Surge
XRP ETFs in the United States have recorded 12 consecutive days of net inflows, accumulating roughly $844.9 million since their launch on November 19.
The fast-paced momentum puts the product close to reaching $1 billion in assets under management (AUM), solidifying XRP as one of the most sought-after crypto classes among institutional investors.
Daily Inflows Exceed Expectations
XRP ETFs have seen consistent contributions, including:
- $67.7 million in a single day
- $89.65 million on another day — one of the highest volumes since launch
This rapid growth makes XRP ETFs one of the best-performing crypto ETF products introduced in the U.S. in 2025, outperforming several altcoins that have struggled to gain traction in the regulated market.
Major asset managers such as Fidelity, Franklin Templeton, and Invesco are already involved, further strengthening institutional confidence.
Why Are XRP ETFs Attracting So Much Capital?
1. Simple, regulated exposure to XRP
Investors who previously avoided crypto exchanges can now access XRP directly through the stock market, just like buying any traditional ETF.
2. Strong institutional demand
The volume of inflows signals solid interest from large funds looking for:
- diversification within crypto,
- exposure to assets with established use cases,
- alternatives beyond Bitcoin and Ethereum.
3. XRP’s utility-focused narrative
XRP is known for its role in payments, cross-border transactions, and potential integration with traditional financial infrastructure — appealing to long-term investors.
4. Greater liquidity and ease of trading
With ETFs available, buying and selling XRP becomes simple and fully regulated — historically a key factor in attracting capital to any asset.
What Could This Mean for the Market?
Institutional adoption on the rise
The performance reinforces that altcoins with real utility can gain meaningful space in the regulated arena, following the path of BTC and ETH.
Potential structural appreciation
Consistent capital inflows and rising AUM may reduce part of XRP’s volatility over time, though sharp price moves remain possible.
Growing pressure for new altcoin ETFs
The success of XRP ETFs may inspire new filings for ETFs of other cryptocurrencies, expanding choices for traditional investors.
A confidence signal after years of regulatory uncertainty
XRP faced a prolonged period of scrutiny due to its case with the SEC. The strong inflows indicate that many investors now view regulatory risk as significantly reduced.
XRP Enters the Radar of Major Investors With Strength
With nearly $1 billion raised in less than two weeks, XRP ETFs show that the asset is gaining meaningful traction among traditional investors.
If inflows remain strong, XRP may establish itself as one of the leading altcoins in the regulated market — opening doors for new financial products and broader institutional visibility.
Bitcoin ETFs Are Now BlackRock’s Top Revenue Source: What This Means for the Market
BlackRock’s Bitcoin ETFs, including the iShares Bitcoin Trust (IBIT), grew so rapidly in 2024–2025 that they became the largest revenue source for the world’s biggest asset manager.
The confirmation came from Cristiano Castro, BlackRock’s Head of Business Development in Brazil.
Bitcoin ETFs Boost BlackRock’s Revenue
According to Castro, spot Bitcoin ETFs have become BlackRock’s most profitable product globally, surpassing several traditional investment classes.
Key highlights:
- BlackRock’s Bitcoin ETFs reached nearly $100 billion in combined allocation across the U.S. and Brazil.
- Even with periods of capital outflows, overall performance remains above expectations.
- The product attracted a completely new audience: many investors who had never used BlackRock before entered through the Bitcoin ETF.
This expansion broadened the firm’s customer base and changed the weight of crypto products within BlackRock’s global portfolio.
Why Are Bitcoin ETFs Growing So Much?
The popularity of spot ETFs is driven by three main factors:
1. Exposure to Bitcoin without handling custody
For investors who don’t want to manage private keys or use exchanges, ETFs offer direct exposure to BTC’s price.
2. A regulated, transparent, and audited product
This attracts institutional investors, pension funds, banks, and more conservative users.
3. The BlackRock brand
The scale and reputation of the world’s largest asset manager add extra reassurance for the market.
Global Impact: Bitcoin at the Center of Traditional Finance
Bitcoin ETFs have demonstrated that the asset:
- is no longer niche and has gained meaningful space in mainstream finance,
- now competes with equities, fixed income, and gold in institutional portfolios,
- has become a significant revenue driver for BlackRock — reinforcing long-term adoption.
The fact that a Bitcoin ETF has surpassed traditional products in revenue is a historic milestone.
LINK Jumps 18% After Grayscale’s Chainlink ETF Debuts on NYSE Arca
Source: CoinMarketCap
Chainlink (LINK) surged roughly 18% in 24 hours following the debut of the Grayscale Chainlink Trust (GLNK) as an ETF listed on the NYSE Arca.
The launch marks the first spot Chainlink ETF available to traditional investors, expanding institutional access and increasing demand for the asset.
What Drove LINK’s 18% Surge?
1. Entry of traditional investors
With the NYSE Arca listing, buying Chainlink has become far easier for investors who operate only through traditional brokerages.
The ETF removes the need to use crypto exchanges or wallets, broadening the audience capable of investing in LINK.
2. Institutional recognition of Chainlink
Chainlink is the leading blockchain oracle provider, supplying off-chain data to smart contracts across multiple networks.
Turning this asset into a regulated ETF reinforces its role as critical Web3 infrastructure.
3. Strong debut volume
The first trading day posted above-average volume, signaling strong market interest and helping boost LINK’s price.
4. Conversion of Grayscale’s private fund
The previous private trust was converted into a spot ETF, enabling open, regulated trading — a move that typically increases liquidity and visibility.
Why Is a Chainlink ETF So Important?
- Makes LINK accessible to large funds, banks, and asset managers.
- Offers regulated exposure to an altcoin with strong real-world use in the Web3 ecosystem.
- Boosts the project’s credibility in traditional finance.
- Can create continuous capital inflow depending on investor demand.
Just like Bitcoin and Ethereum ETFs, regulated products tend to enhance visibility and adoption.
What Could This Mean for LINK’s Future?
More liquidity and institutional demand:
ETFs tend to attract investors who previously avoided direct crypto exposure.
Potential maturation of regulated altcoins:
If GLNK performs well, other major altcoins may follow the same path.
Volatility remains high:
As with any altcoin, LINK will stay sensitive to market sentiment, volume, and ecosystem adoption — including DeFi and data-driven applications.
Strong utility narrative:
Oracles are essential for dApps, DeFi, blockchain gaming, and RWAs. This structural importance helps maintain long-term investor interest.
Coinbase Executives Sued for Alleged Insider Trading
Executives and board members of Coinbase are being sued by shareholders who accuse the company of hiding serious internal failures while insiders sold billions of dollars in stock.
According to the lawsuit filed in Delaware (USA), leaders of the largest U.S. crypto exchange allegedly engaged in misuse of non-public information, raising serious concerns about governance and transparency in the industry.
What the Lawsuit Claims Against Coinbase
The complaint states that Coinbase executives:
- hid security flaws, weak internal controls, and issues related to KYC and AML compliance;
- failed to properly inform the market about ongoing regulatory investigations;
- sold about $4.2 billion worth of shares before this information became public;
- profited from inflated stock prices while ordinary shareholders were unaware of the actual risks.
According to the plaintiffs, these actions amount to insider trading and breach of fiduciary duty.
Why the Case Is Serious for Coinbase and the Crypto Market
1. Risk of damaging investor confidence
As a company listed on Nasdaq, Coinbase relies heavily on credibility.
Allegations of insider trading can lead to:
- a drop in share price,
- withdrawal of institutional investors,
- questions about leadership integrity.
2. Potential regulatory consequences
If the court finds the allegations valid, the company may face:
- multi-billion-dollar fines,
- imposed external supervision,
- requirements to overhaul its governance framework.
3. Impact on the crypto ecosystem
Coinbase is one of the main entry points for U.S. investors.
A case of this scale can:
- increase regulatory scrutiny of exchanges,
- generate caution among users,
- influence public perception of the crypto market.
What Happens Next?
The lawsuit seeks:
- multi-billion-dollar compensation,
- greater transparency in Coinbase’s operations,
- board seats to ensure internal oversight,
- accountability for executives who allegedly profited from privileged information.
For the market, the key items to watch include:
- initial rulings from the Delaware court,
- reactions from the SEC and other regulators,
- impact on Coinbase’s stock price,
- possible internal reforms to rebuild trust.
The Coinbase Lawsuit Increases Pressure for Better Governance in Crypto
The insider-trading accusations against Coinbase executives highlight that the crypto industry is entering a phase of stronger oversight and professionalization.
If confirmed, the alleged practices could redefine governance standards and accelerate new regulatory requirements.
In the meantime, investors should monitor the case closely — not only for its impact on Coinbase, but for its broader consequences across the entire crypto market.
Crypto Market on the Move: Why Self-Custody Matters More Than Ever
This week delivered both strength and uncertainty: Bitcoin fluctuated, Ethereum advanced with the Fusaka upgrade, and ETFs moved billions.
In a market that shifts quickly, having real control over your assets becomes even more critical.
Klever Wallet supports this by giving users full self-custody, low fees, and multichain support — a valuable combination for acting quickly and securely in volatile conditions.
