Bitcoin Price Today, December 2, 2025: BTC Rebounds Toward $91K After Violent December Sell-Off

Updated December 2, 2025

Key takeaways

Bitcoin price today: BTC is trading in the high‑$80,000s to low‑$90,000s, with many trackers showing around $91,000 per BTC, up roughly 7–8% from yesterday’s lows near $84,000. ^[1]
Still deep in correction: Even after today’s bounce, Bitcoin remains about 30% below its early‑October all‑time high near $126,000. TechStock²+1
Macro backdrop turns supportive: The Federal Reserve has ended quantitative tightening (QT) and injected fresh liquidity into banks, while markets price in a December rate cut — historically a tailwind for risk assets like BTC. ^[2]
But technicals are split: Analysts are watching $88,000 and the $83K–$81K zone as key support. Some models warn of a potential drop toward $74,000–$71,000, while others say multiple bottom signals are starting to flash. ^[3]
Forecasts are all over the map:
- AI and quant models cluster around $95K+ by year‑end. ^[4]
- Options and some banks see a shakeout below $80K first. ^[5]
- Ultra‑bulls like Arthur Hayes still talk about $200K BTC in 2025, while Saxo Bank’s “outrageous” scenario imagines a quantum‑computing shock that could theoretically push BTC to zero in 2026. ^[6]

Below is a deep dive into Bitcoin’s price today (2 December 2025), the latest news driving the move, and what major analysts and models are saying about BTC’s next big swing.

Bitcoin price today: what BTC is doing on December 2, 2025

Different data providers quote slightly different spot prices, but they’re telling the same story: Bitcoin is stabilizing after one of 2025’s sharpest sell‑offs.

CoinGecko’s 7‑day history shows BTC at about $91,084 today, up 7.8% over the last 24 hours. ^[7]
Intraday data from Coinbase/Bitfinex feeds indicate today’s range between roughly $86,000 and $91,000, with BTC recently closing in on $91,000. ^[8]
YCharts’ daily series (price as of midnight UTC) puts Bitcoin at $86,281.50 for December 2, down 4.6% from yesterday and 11% lower than a year ago. ^[9]

A widely circulated market recap from TechStock² notes that BTC briefly dropped below $84,000 on Monday before clawing its way back into the $86,500–$87,200 range earlier today, describing this as “one of the sharpest shakeouts of late 2025.” TechStock²

Reuters, meanwhile, emphasizes the bigger picture: Bitcoin is “down 30% from an October peak” even after today’s rebound to around $87,000–$90,000, putting the leading cryptocurrency back into classic “deep correction” territory. ^[10]

Put simply:

Bitcoin price today is hovering around the psychological $90,000 line, rebounding sharply from a brutal start to December but still well below its autumn peak.

How we got here: from $126K to an early‑December crash

1. A steep slide from October’s all‑time high

Most of today’s coverage is anchored around one fact: BTC is roughly 30–33% below its early‑October all‑time high near $126,000. TechStock²+1

Throughout November, Bitcoin drifted lower in a grinding sell‑off that:

Broke through $100K and $95K support
Pushed BTC under $90K in late November, with CoinGecko calling November “Down Bad” for Bitcoin in a Q4 valuation report. ^[11]

Coinpedia’s live market updates highlight that Bitcoin’s current path is moving with a 98% correlation to the 2022 bear market, suggesting a near‑perfect echo of a previous painful downtrend. ^[12]

2. The December 1–2 flush: bonds, Japan and macro jitters

Monday’s sharp drop — often described as a “crypto rout” — came as global bond markets sold off on fears of an imminent Bank of Japan rate hike, sending Japanese yields to multi‑year highs and rattling risk assets. ^[13]

Reuters reports Bitcoin suffered a 5.2% slump on Monday, briefly tumbling below $86,000 before recovering. ^[14]
Other trackers and analyses cite intraday lows just under $84,000, the weakest level since April. ^[15]

This sell‑off:

Liquidated close to $1 billion in leveraged crypto positions, according to TechStock²’s market update. TechStock²
Added to what 99Bitcoins calls a “crypto crash” that has punished leveraged longs, ETF‑linked products, and Bitcoin‑exposed stocks. ^[16]

Yet, as we’ll see, the macro backdrop itself is actually turning more supportive, which is why some analysts refer to this as “one of the strangest crypto sell‑offs ever.” ^[17]

Macro drivers: Fed pivot, Trump’s Fed‑chair tease and ETF shifts

Fed ends QT and injects fresh liquidity

A major theme in today’s reporting: the U.S. Federal Reserve has formally ended its quantitative tightening programand is nudging towards rate cuts.

Coinpedia/Bitget’s live feed highlights several key developments: ^[18]

Fed Chair Jerome Powell confirmed that QT ended on December 1, with the balance sheet runoff stopping at about $6.6 trillion and bank reserves stabilizing near $3 trillion.
The Fed injected $13.5 billion in overnight liquidity into banks — the second‑largest support move since the COVID crisis.
Major banks like Bank of America now expect a rate cut next week, with up to 0.75 percentage points of easingpriced in by year‑end.

Reuters notes that global bond markets calmed on Tuesday after Monday’s panic, with stock indexes in Europe and Asia edging higher while Bitcoin stabilized around $87,000, still down 30% from October but no longer in free‑fall. ^[19]

This combination — QT ending, liquidity injections, and high odds of rate cuts — is usually bullish for risk assets, including BTC.

Trump’s impending Fed chair pick

Adding extra intrigue, multiple crypto outlets reference reports that Donald Trump is expected to announce his pick for Fed chair before Christmas, with betting markets heavily favoring economist Kevin Hassett, known for a relatively dovish, pro‑growth tilt. ^[20]

Bitget’s feed argues that such an appointment could mean:

Faster rate cuts
Higher inflation tolerance
A softer dollar — historically positive conditions for Bitcoin and other risk assets. ^[21]

Vanguard finally opens its doors to spot Bitcoin ETFs

One of the day’s more symbolic milestones: Vanguard, long seen as allergic to crypto, is now allowing clients to trade spot Bitcoin, Ethereum, XRP and Solana ETFs on its brokerage platform. ^[22]

99Bitcoins notes that this effectively opens crypto ETF access to roughly $11 trillion in client accounts, even though Vanguard still refuses to launch its own crypto products. ^[23]
Coinpedia highlights that $220 million has recently flowed back into crypto ETFs, suggesting institutions are quietly returning after November’s flush. ^[24]

At the same time, Grayscale Research is cited as believing Bitcoin could print fresh all‑time highs in 2026, driven more by steady institutional inflows than by retail FOMO. ^[25]

Technical picture: BTC walks a tightrope above $83K

$83K–$81K: the “danger zone” support

A widely shared analysis from CryptoPotato describes Bitcoin as entering a “danger zone” as it hovers above the $83K support that was tested yesterday: ^[26]

BTC failed to hold above $93K–$92K resistance and is now making lower highs and lower lows on the daily chart.
Analysts are focused on the $83K–$81K band as a critical area where buyers historically step in.
A decisive break below $81K, they warn, could open the door to a deeper slide.

FXLeaders echoes this cautious tone, noting that despite today’s bounce to around $87,455, Bitcoin remains stuck below the $90K barrier and is likely to “carve out territory in the $80K–$90K range” for a while, with a bearish bias into year‑end. ^[27]

Bollinger Bands and a potential 40% crash

U.Today’s technical breakdown argues that Bitcoin “may look calm at $87,000” but Bollinger Bands tell a different story: ^[28]

BTC has slipped under the mid‑band on the daily chart.
Band structure has started to widen, which historically precedes large volatility spikes.
Their takeaway: the setup “opens the door to a far more dangerous move,” with a risk of a drawdown of up to 40% if support fails.

While that’s a worst‑case scenario, it captures the nervous energy on trading desks today.

Velocity RSI: a rare bottom signal at $87K

On the other side of the debate, a widely cited Cointelegraph analysis — republished via data sites like CoinGlass — points to a “more reliable” velocity RSI indicator hitting single‑digit, deeply oversold readings at around $87,000. ^[29]

The velocity RSI on the 3‑day BTC chart has dropped to levels last seen at the bottom of the 2018 and 2022 bear markets.
Analysts describe this as a “major cyclical reset” and one of the strongest signals that a medium‑term bottom may be forming, even if short‑term volatility continues.

This tension — Bollinger Bands screaming “danger” while velocity RSI whispers “bottom” — is exactly why today’s technical backdrop feels so conflicted.

Derivatives & options: traders hedge for sub‑$80K

Coindesk reporting on options data from Derive finds that a growing share of traders are positioning for Bitcoin to be below $80,000 by New Year, buying downside protection and short‑dated puts. ^[30]

This lines up with several research notes that:

Flag $88K and then $81K as must‑hold levels. ^[31]
Suggest any break could accelerate a move toward $76.8K–$71K, where larger buyers may be waiting. ^[32]

Miners under pressure: cost of production and an “ancient” wallet wakes up

The fundamental side of Bitcoin’s security layer — mining — is also under significant stress, and that’s feeding directly into today’s price debates.

“Harshest period in Bitcoin mining history”

BeInCrypto describes the current environment as “effectively the harshest margin environment of all time” for miners: ^[33]

Mining difficulty sits near a record 149.3T, meaning miners must perform roughly 149 trillion hashes on average to find a block.
Hashrate revenue has slid from ~$55 per PH/s in Q3 2025 to $35 per PH/s in November, falling below the average cost of major mining companies (~$44 per PH/s).
Miner reserves have dropped by an estimated 300,000 BTC over the last two years, implying sustained selling into rallies.

Crucially, one analyst cited by BeInCrypto estimates that the average electricity cost to mine 1 BTC is around $71,087, and Bitcoin’s current price is only about 19% above that level. ^[34]

Historically, BTC has rarely traded below its electricity‑cost floor for long, making this zone an important fundamental support in many analysts’ models. ^[35]

A 15‑year‑dormant miner wallet moves 50 BTC

Adding drama, BeInCrypto also reports that a 15.7‑year dormant “Satoshi‑era” miner wallet suddenly sent 50 BTC (about $4.3M) to a new address on December 2. ^[36]

On‑chain analysts note that:

The coins date back to March 18, 2010 — some of the oldest supply to move this year.
The transfer comes precisely as miners face maximum stress, prompting speculation that some early miners may be raising liquidity or repositioning.

CoinStats relays a separate research note saying “Bitcoin miners face worst profitability crunch on record”, even as price briefly rebounded above $87,000, and warns that returning liquidity lacks strong momentum for now. ^[37]

Together, these mining‑side signals suggest that if prices slide toward the $71K electricity‑cost zone, miners may face real capitulation — but that same zone could also become a powerful long‑term support.

Sentiment snapshot: “one of the strangest crypto sell‑offs ever”

Despite the Fed pivot and strong equity markets, crypto sentiment is extremely fragile.

Reuters quotes one venture investor saying the mood in crypto ranges between “fearful and resigned” after weeks of drawdowns. ^[38]
NewsBTC cites Arca CIO Jeff Dorman, who calls this “one of the strangest crypto sell‑offs ever.” He notes that equities, credit and even gold/silver are hitting all‑time highs as the Fed eases, yet crypto continues to grind lower, apparently disconnected from improving macro conditions. ^[39]
Coinpedia highlights that Bitcoin’s price action now mirrors the 2022 bear market with 98% correlation, and that November was one of BTC’s worst months historically, pushing fear gauges to extreme levels. ^[40]

From a sentiment and positioning standpoint, the market looks:

Very nervous about another leg down
Heavily de‑risked compared with earlier in 2025
Yet starting to see early ETF inflows and contrarian bottom signals (velocity RSI, cost‑of‑production floor)

Bitcoin price forecasts from today’s reports

There is no shortage of Bitcoin price predictions in today’s coverage — and they span everything from doom to euphoria.

Short‑term (next few weeks)

Bearish / cautious camp

FXLeaders: expects BTC to struggle below $90K, chopping in the $80K–$90K range with a bearish bias into year‑end, citing persistent selling pressure and weak sentiment. ^[41]
CryptoPotato: focuses on the $83K–$81K support zone; losing it could accelerate a move toward $81K and below, keeping the downtrend intact. ^[42]
Coindesk / Derive options data: shows traders hedging for sub‑$80K by New Year, buying downside protection. ^[43]
Financemagnates (Saxo Bank‑linked analysis): argues that a “death cross” on the daily chart and liquidity dynamics point to a final drop toward $74,000, with $81K as a key trigger. ^[44]

More bullish / “bottoming” camp

Cointelegraph’s velocity RSI analysis: suggests BTC is flashing a rare bear‑market bottom signal around $87K, at levels seen only at previous major cyclical resets. ^[45]
CoinGlass/NewsBTC feeds: emphasize that such velocity RSI readings have historically preceded medium‑term recoveries, even if short‑term volatility remains elevated. ^[46]
Several technical notes (including Kitco’s “bulls remain very shaky” roundup) stress that the structure is damaged but not broken, framing this move as a deep correction within a larger uptrend rather than the start of a multi‑year winter. ^[47]

Year‑end 2025 targets

AI and quant models

Finbold’s AI “prediction agent” combined outputs from three large language models — ChatGPT, Claude Sonnet 4, and Gemini 2.5 — plus technical analysis. The blended result: ^[48]

Average year‑end 2025 target: $95,333, implying around 7–8% upside from current levels.
But the range is wide:
- Claude Sonnet 4: ~$115,000 (+30%)
- ChatGPT & Gemini 2.5: $85,000–$86,000, slightly below today’s price

In other words, AI is mildly bullish on average but deeply divided internally, reflecting the uncertainty traders feel on the ground.

Human analysts

Financemagnates / Saxo Bank scenario:
- Near‑term: drop to $74,000, triggered if BTC loses the $81K level.
- Then: a V‑shaped recovery in early 2026, reclaiming $126,000 and potentially reaching $130,000 by the end of Q1. ^[49]
ZyCrypto cites one analyst who insists Bitcoin is “unlikely to drop below $50,000 in this cycle,” arguing that even a deep bear phase is more likely to bottom well above prior cycle lows. ^[50]

Longer‑term outlook (2026 and beyond)

Saxo Bank’s “outrageous prediction” imagines a future quantum‑computing event (“Q‑Day”) that could in theory break Bitcoin’s cryptography and send BTC to zero — a low‑probability, black‑swan scenario meant more as a risk thought experiment than a base case. ^[51]
Grayscale and many macro strategists see the current drawdown as part of a normal cycle, with expectations for new all‑time highs sometime in 2026, driven by ETF adoption and easier monetary policy. ^[52]
Changelly’s long‑horizon research article frames BTC as still in a structurally bullish path, with cycles shortening over time, but stresses that even strong long‑term trends are punctuated by violent corrections like the current one. ^[53]

And then there are the ultra‑bulls:

Bitcoinist’s live blog notes that Arthur Hayes has floated the idea of BTC reaching $200K by the end of 2025, while Michael Saylor continues to increase his Bitcoin exposure despite the recent slump. ^[54]

Seasonal angle: could a “Santa Claus rally” save December?

A fresh study from NFTPlazas looks specifically at the idea of a “Crypto Santa Claus Rally” and what it might mean for December 2025: ^[55]

Over the last 11 years, the total crypto market cap rose 9 out of 11 times in the post‑Christmas period, with an average December gain of 13.16%.
Bitcoin itself has rallied 8 times in the week before Christmas and 6 times in the week after, with average positive December returns of about 8.25%.
A survey of 1,020 U.S. crypto investors found:
- 57.7% plan to buy crypto this Christmas, more than double those planning to sell.
- 79% of buyers say they will buy Bitcoin, making BTC the dominant holiday pick.
- The majority intend to buy before Christmas, especially between December 16–25, lining up with the traditional Santa rally window.

If history rhymes, this seasonal pattern plus today’s oversold readings could provide a bullish counterweight to all the bearish technical chatter — but it’s no guarantee.

What Bitcoin’s price today means for traders and investors

Taken together, December 2, 2025 paints a complex picture for Bitcoin:

Price action
- BTC price today is trying to stabilize around $90K–$91K after a violent shakeout that erased 30% from October’s peak. ^[56]
Macro
- The Fed has stopped draining liquidity and is leaning dovish, ETFs are seeing renewed inflows, and even traditionally conservative players like Vanguard now allow spot crypto ETFs. ^[57]
Technical and on‑chain
- Charts show serious damage, with multiple analysts warning about $83K–$81K and even $74K as possible next stops. ^[58]
- At the same time, bottom‑style indicators (velocity RSI, cost‑of‑production floor, miner stress, extreme fear readings) are all starting to cluster. ^[59]
Narrative & sentiment
- This is not the euphoric, retail‑driven blow‑off top of 2017 or 2021. Instead, it looks more like a macro‑driven, institutionally heavy cycle that is currently undergoing a violent reset.
- As Arca’s Jeff Dorman puts it, this may be “the strangest crypto sell‑off ever” precisely because it’s happening while macro conditions are improving. ^[60]

A quick word of caution

Nothing in today’s swirl of Bitcoin price forecasts — from sub‑$80K options hedges to $130K+ Q1 2026 targets and even $200K moonshots — is certain. Crypto remains one of the most volatile asset classes on earth.

No forecast is guaranteed, whether it comes from a bank, an AI model, or a high‑profile influencer.
Short‑term moves can be dominated by liquidations, leverage, and emotion, especially around key macro events like the upcoming December Fed meeting. ^[61]

If you’re trading or investing in Bitcoin:

Treat all of these December 2, 2025 analyses as information, not instructions.
Consider your risk tolerance, time horizon, and diversification before acting.
And remember that past cycles, seasonal patterns, and models can fail — crypto has a habit of surprising everyone, both on the upside and downside.