Crypto Market Today [Live] Updates On December 2,2025

Powell emphasized that policy is now data-dependent rather than biased toward tightening. With the economy holding up, inflation falling, and no urgency to restrict credit, the Fed has shifted from defense to neutral. His references to historical policy discipline hint at a long period of stability ahead. For crypto, this is the sweet spot: steady growth, easing financial pressure, and a more predictable macro environment, conditions that typically fuel stronger momentum and adoption.

Powell’s announcement marks a major pivot: liquidity is no longer being pulled from the system. Banks and funds can expand positions again, and financial conditions should naturally ease. Risk assets depend on liquidity — and crypto is the most sensitive to it. With QT over and reserves set at “ample” levels, the environment flips from restrictive to supportive. This macro turn could trigger stronger flows into digital assets as capital becomes more flexible.

The biggest reveal was Powell confirming that quantitative tightening ended on December 1. The Fed’s balance sheet runoff from $9T to $6.6T is now paused. He said reserves will stabilize around $3 trillion, calling it “ample liquidity.” This shift is huge. Ending QT stops liquidity drain and stabilizes funding. For risk markets, especially crypto, this removes a major headwind and replaces it with the first real liquidity tailwind in over a year.

Jerome Powell opened by declaring the U.S. economy stronger than it has been in years. Growth held near 2.5% in Q3, unemployment sits at 4.1%, and recession risks have faded. With stability returning and no justification for further tightening, markets finally get clarity after two years of uncertainty. For crypto, a steady macro backdrop removes one of the biggest headwinds and sets the stage for renewed confidence and healthier risk appetite.

Coinbase Institutional has updated its Coinbase 50 Index for the fourth quarter, adding six new assets: HBAR, MANTLE, VET, FLR, SEI, and IMX. At the same time, six tokens were removed from the index, including SKL, AKT, LPT, SNX, HNT, and CVX. The COIN50 Index tracks the top assets on Coinbase by market size and liquidity, and the latest changes reflect shifting market demand and trading activity.

Bitcoin has gone through five major bull cycles, and every single time the main parabolic run has broken, a big correction followed — at least 75%. There has never been an exception. If the current move breaks its long-term trend, history suggests a similar deep pullback could follow. Betting against this pattern means assuming Bitcoin will behave differently this time, and that’s a tough case to make without a very strong reason.

Vanguard has reversed its long-standing stance and will now allow clients to trade spot crypto ETFs on its brokerage platform. Investors can access Bitcoin, Ethereum, XRP, and Solana ETFs for the first time through Vanguard. However, the company made one thing clear: it has no plans to launch its own crypto ETFs. This move simply gives users more flexibility while Vanguard maintains its conservative approach to managing digital-asset products.

Bitcoin is sitting on a crucial support level, the same kind it lost back in 2022 before a bigger drop followed. The key number to watch now is $88,000. Staying above it keeps the market healthy. Falling below it could push BTC toward $76,800, or even $71,250 if pressure increases. These are areas where buyers usually step in. One long-term indicator also shows deep support around $47,450, which could matter in the next major market cycle.