Why Crypto Is Going Down Today [Live] Updates On Dec 1,2025

This week is packed with major economic releases that could influence markets. On Monday, the focus is on November’s ISM Manufacturing PMI and a speech from Fed Chair Powell. Tuesday brings September’s JOLTS Job Openings data. Wednesday is busy with November’s ADP Nonfarm Employment, S&P Global Services PMI, and ISM Non-Manufacturing PMI. Thursday sees Initial Jobless Claims data, while Friday wraps up with September’s PCE Inflation and December’s Michigan Consumer Sentiment data. Traders should watch these closely for potential market-moving insights.

Despite recent talk of a supply shock and speculation that XRP is decoupling from Bitcoin, the market experienced a typical late Sunday dip. XRP’s price moved in line with Bitcoin, showing that short-term correlations remain intact. Traders note that while narratives around XRP independence are gaining attention, immediate market behavior still reflects Bitcoin’s influence. The sell-off highlights that, for now, XRP remains sensitive to broader crypto market trends, even as long-term growth and adoption stories continue to develop.

Ripple has secured approval from Singapore’s Monetary Authority (MAS) to expand its payment activities under its Major Payment Institution (MPI) license. This allows Ripple to offer fully licensed, end-to-end payment services across Singapore, one of the world’s leading fintech hubs. The move marks another step in Ripple’s global expansion strategy, strengthening the XRP ecosystem and enabling broader adoption of its payment solutions. Analysts see this as a major boost for Ripple’s presence in Asia and its continued fintech growth.

Bitcoin’s start to December shows healthy market structure. The Sunday pump didn’t materialize, the CME gap has already closed, and around $400 million in long liquidations have been taken out. Traders note that downside liquidity was cleared first, setting the stage for a potential base formation. Nearly $2 billion in shorts sit between current levels and $92.5K, while $13 billion lie up to $103K. Analysts see this as a favorable setup ahead of the FOMC and year-end, as Bitcoin forms a higher low.

Bitcoin’s latest selloff isn’t driven by crypto-specific news but by a major shift in global markets. Japanese bond yields are spiking, with the 2-year hitting its highest level since 2008, and the Yen is surging. Traders now see a 76% chance of a Bank of Japan rate hike on December 19. Higher Japanese rates and a stronger Yen are forcing an unwind of the carry trade, pushing investors out of risk assets like Bitcoin and into safe havens such as gold. Volatility is expected to remain high.

Altcoins may be entering a strong multi-year window of outperformance against Bitcoin. Historically, whenever the Federal Reserve was not running quantitative tightening, altcoins outpaced BTC with 42-month and 29-month uptrends seen in 2014–2017 and 2019–2022. Analysts highlight a tight correlation between crypto markets and the Fed’s balance sheet, suggesting that if QT remains inactive, liquidity conditions could favor higher-beta assets. This trend points to a potentially long period where altcoins outperform Bitcoin once again.

Bitcoin is selling off as macro conditions and heavy positioning collide. Japanese 2-year bond yields moved above 1% for the first time since 2008, signaling the Bank of Japan may tighten after years of cheap money. That shift pushed global risk assets lower, and BTC — being high beta — was hit first. The initial drop cracked support, triggering stops and liquidating crowded long positions. As exchanges forced into thin liquidity, the move accelerated. The reaction shows Bitcoin trading more like a macro-sensitive asset than a safe haven.

Chainlink is gearing up for a major moment in the crypto market. Nate Geraci, President of The ETF Store, revealed on X that the first spot Chainlink ETF is expected to launch this week. He added that Grayscale will upgrade its current Chainlink private trust into a publicly tradable ETF. This move could make Chainlink more accessible to everyday investors and bring fresh attention to the project as ETF interest continues to grow.

Bitcoin’s monthly and weekly candles are set to close with clear signs of weakness. The monthly chart failed to hold key support, while the weekly candle is now bear-retesting the breakdown level. After shifting from bearish at $110K to bullish at $84K, some traders say the structure is turning bearish again around $91K. Many are choosing to step aside, closing positions and waiting for either a clean move above $100K or a deeper pullback before re-entering the market.

Bitcoin’s monthly candle is closing with a key bullish signal. The price briefly dipped to its long-term trendline but bounced back above it, showing strong demand at a critical level. This is the same trendline that previously sparked 175% and 118% rallies in past cycles. As long as BTC holds above it, the higher-timeframe uptrend remains intact. If it loses this level, the structure could shift. For now, buyers stepped in, and the next monthly candle should confirm the market’s direction.

Bitcoin is dropping sharply ahead of today’s emergency Federal Reserve meeting, with large sell orders reportedly coming from major players, including Binance, Wintermute, and BlackRock. In just three hours, more than $2.5 billion in BTC is said to have been offloaded, adding intense pressure to the market. The aggressive selling has fueled speculation about coordinated moves and insider activity, though none of the firms have made public statements. Traders are now watching the Fed meeting closely as volatility continues.

Bitcoin suddenly fell $5,000 within hours, wiping out nearly $210 billion from the crypto market. More than $700 million in positions were liquidated, despite no major news, macro events, political issues, or even FUD driving the move. Traders say the sharp drop looks like a classic leverage reset, with whales dumping price to flush out overextended positions. The sudden volatility has sparked renewed debate about market manipulation and the growing influence of large holders during high-leverage periods.

Whales appear to be reducing their long Bitcoin positions or quietly adding to shorts, even as retail traders jump in out of FOMO. This kind of setup often leads to sideways movement, as happened in March and April. Some bearish traders are also watching the $80,000 zone again, possibly preparing to accumulate if the price dips back into that range.