Crypto ETFs attracted over $1 billion last week, though analysts warn markets remain fragile ahead of the Federal Reserve’s December meeting.
Bitcoin jumped back above $90,000 for the first time since last week and seemed primed at one point to post its biggest one-day gain since May.
Bitcoin was trading for $90,339 at the time of writing after having gained 6.7% in the past day, according to crypto price aggregator CoinGecko.
Bitcoin’s best single-day return in 2025 was on March 2, when BTC climbed 9.52%, according to historical data maintained by Investing.com.
The recent rise has triggered the liquidation of $157 million worth of Bitcoin short contracts and more than $312 million total across crypto derivatives products, according to data platform Coinglass.
In the past day, trading volume has more than doubled to climb above $92 billion, according to CoinGecko.
Ethereum and XRP have jumped, too. Ethereum, which is on the eve of its Fusaka network upgrade, has gained nearly 10% in the past day. ETH climbed above $3,000 at one point for the first time since Sunday. Meanwhile, XRP has posted an 7.3% and was currently trading for $2.14.
Analysts told Decrypt earlier today that crypto markets are still in a fragile state, noting that much of Bitcoin’s year-end performance will depend on the outcome of the Federal Open Markets Committee’s December 9-10 meeting.
The U.S. central bank ended its quantitative tightening program on Monday, analysts at the Wintermute trading desk wrote in a note shared with Decrypt.
“The Fed injected $13.5 billion via overnight repos to ease year-end liquidity strains, the second-largest since COVID,” they said. “While it’s an injection, it’s a routine tool for short-term stabilization instead of a broader policy shift like resuming asset purchases or QE.”
Looking ahead, users on Myriad, a prediction market owned by Decrypt parent company Dastan, now think there’s a 91% chance that the FOMC will approve another 25 basis point cut next week.
It has often been the case that crypto prices follow the flow of assets in and out of exchange-traded funds.
In the past week, Bitcoin, Ethereum, and XRP ETFs rebounded, adding more than $1 billion, according to a report yesterday from digital asset manager CoinShares.
That shift in fund flows mostly carried through Monday’s session, with Bitcoin ETFs staying in the green with $8.5 million in net inflows. But Ethereum ETFs saw a slight pullback as investors withdrew $79 million and Solana funds saw $13.5 million worth of shares redeemed, according to Farside Investors.
