Bitcoin Crosses $92,000 After Significant Lows; Here's What Experts Say

Bitcoin climbed back to the $93,000 level in early December, recovering from recent volatility in the broader crypto market. The rebound comes as traders start shifting sentiment and incoming macro cues. Other major cryptocurrencies also edged higher on December 3, highlighting the broader improvement in overall market sentiment.

Key Cryptocurrencies Rise Sharply After Recent Declines

At the time of writing, Bitcoin was trading around $93,023, up 7.02 per cent in the past 24 hours, with volumes at $86.39 billion. Ethereum gained 9.42 per cent to reach $3,058.60, while XRP rose 9.12 per cent to $2.19. BNB advanced 8.06 per cent to $895.86, and Cardano recorded a strong 14.18 per cent jump to $0.4427. Among memecoins, Dogecoin climbed 11.32 per cent to $0.1503, and Shiba Inu added 10.10 per cent to $0.000058722. Solana also posted nearly a 12 per cent rise during the period.

According to CoinMarketCap, the global crypto market cap rose by 7.28 per cent in the last 24 hours to $3.14 trillion, reflecting a broad-based improvement in sentiment across major assets. Despite the rebound, the market still remains about 15 per cent below its 30-day high.

Experts Weigh In on Factors Driving Crypto’s Recent Surge

Many factors have contributed to the recent surge in cryptocurrency prices. Experts mention both global macro changes and market-specific aspects as major reasons.

Sumit Gupta, co-founder at CoinDCX, said, “The surge in Bitcoin and other crypto is being fuelled by a combination of strong macro tailwinds and structural maturity across global markets.Internationally, clearer regulations, deeper institutional participation, and rising inflows in exchange-traded funds (ETFs) have significantly boosted investor confidence, highlighting how traditional finance is increasingly intertwined with digital assets.”

Akshat Siddant, lead quant analyst, Mudrex, said that Bitcoin is showing a strong V-shaped rebound, supported by the US Federal Reserve’s liquidity injections after ending Quantitative Tightening, and increased use of repo facilities by US banks. At the same time, Bitcoin exchange reserves have dropped to multiyear lows of 2.19 million that is contributing to the buying pressure.

Crypto Market Outlook for December

Looking ahead, experts share their perspective on how the crypto market may perform in December.

Sumit Gupta, co-founder at CoinDCX, said: “Volatility is inherent to any asset class, and crypto is no exception.Yet, the current uptrend reflects a long-term structural cycle rather than a short-term spike.”

Avinash Shekhar, co-founder & CEO, Pi42 said, “December is shaping up to be a pivotal month for crypto. If macro conditions remain supportive, we could see meaningful upside across major assets. Bitcoin can move toward $96,000–$100,000, Ethereum toward $3,300–$3,600, and key altcoins such as XRP and Dogecoin could also see steady gains.