Crypto markets posted another day of modest gains on December 8, with major assets trending higher. Over the past 24 hours, total liquidations reached $109.59 billion, while the Fear & Greed Index held at 24, indicating gradually strengthening sentiment without signs of overheating. Bitcoin (BTC) rose 1.83% to $90,986.35, trading between $91,760.00 at the high and $87,729.86 at the low. Ethereum (ETH) outpaced BTC slightly, climbing 1.99% to $3,105.13, with intraday movement spanning from $3,149.52 to $2,929.28.
Derivatives data showed balanced positioning, with BTC at 50.25% longs and 49.75% shorts, while ETH recorded 49.81% longs versus 50.19% shorts. This equilibrium suggests an uncertain but gradually improving market outlook. A number of altcoins posted strong performances, led by RFOX/USDT with +88.26%, SUN/USDT with +87.21%, and NEXAI/USDT with +67.91%, highlighting ongoing speculative momentum.
In broader developments, Trump proposed replacing the current individual income tax system with tariff revenue, a policy shift that could significantly impact U.S. economic dynamics. Dubai Customs partnered with Binance to introduce cryptocurrency payment services, marking a major step for regulated digital payments in the region. Coinbase resumed sign-ups in India and announced plans to roll out fiat on-ramps next year. Bloomberg reported that the median stock price of U.S. and Canadian-listed DAT companies has plunged 43% this year, underscoring persistent market stress in high-rate environments. Upbit froze approximately $1.77 million in compromised assets and continues tracing remaining stolen funds.
Overall, the steady climb of BTC and ETH reflects improving confidence across the crypto market. With regulatory developments, payment integrations, and major platforms reactivating services, structural support for year-end market strength is gradually building.
#cryptocurrency #blockchain #finance #Blockchain



JU Blog
2025-12-08 06:47
BTC and ETH Extend Gains as Market Sentiment Continues to Improve – December 8, 2025
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