Bitcoin (BTC) has surged above $93,000, marking a dramatic rebound driven by institutional adoption. Bank of America advised clients to allocate up to 4% of their portfolios to cryptocurrencies, while Vanguard enabled over 50 million clients to trade spot Bitcoin and Ethereum ETFs, sparking a $1.8 billion volume spike in BlackRock's IBIT.
Ethereum (ETH) reclaimed the $3,000 level ahead of its Fusaka upgrade, which activated on December 3, 2025. The upgrade introduces PeerDAS for an eight-fold capacity increase, raises the block gas limit to 60 million, and adds secure passkey support, potentially reducing Layer-2 fees by 40-60% and enhancing scalability.
The total crypto market cap jumped $180 billion in a single day, with altcoins like Chainlink (LINK) and Solana (SOL) gaining up to 19%. Macro factors such as Japan's 30-year bond yield hitting a record 3.41% and the Federal Reserve's quantitative tightening halt add context, but bullish sentiment prevails with year-end Bitcoin targets reaching $100,000.
