The crypto market is up today, with the cryptocurrency market capitalisation increasing by 1.9%. It now stands at $3.23 trillion. 90 of the top 100 coins have gone up over the past 24 hours. At the same time, the total crypto trading volume is at $124 billion. TLDR: Crypto market cap increased by 1.9% on Friday morning (UTC); 90 of the top 100 coins and 9 of the top 10 coins have gone up today; BTC increased by 2% to $92,126, and ETH is up by 1% to $3,239; Unrealized losses rose to $350 billion; ‘The market is likely entering a high-volatility regime in the weeks ahead’; Economists expect the Bank of Japan to raise its benchmark rate; ‘The crypto market should monitor USD/JPY volatility’; Polish government adopted a crypto-asset market bill despite the President’s opposition; US BTC and ETH spot ETFs both saw outflows on Thursday of $77.34 million and $42.37 million, respectively; Coinbase plans to roll out prediction markets and tokenized equities; Crypto market sentiment remains unchanged, signalling significant caution. Crypto Winners & Losers At the time of writing, 9 of the top 10 coins per market capitalization have seen their prices increase over the past 24 hours. Bitcoin (BTC) is up by 2% since this time yesterday, currently trading at $92,126. Bitcoin (BTC) 24h 7d 30d 1y All time Ethereum (ETH) is up by 1%, now changing hands at $3,239. The highest increase on the list is Solana (SOL)’s 4.8%, trading at $137. It’s followed by Binance Coin (BNB)’s 2.2% to the price of $886. XRP’s 0.5% is the smallest rise in this category. The coin now stands at $2.03. On the other hand, the only red coin is Tron (TRX) , having dropped 1.1%, currently trading at $0.2772. Looking at the top 100 coins, we find that 90 have appreciated over the past day. Zcash (ZEC) is the category’s best performer. It’s up 8%, now trading at $452. Aave (AAVE) follows with a 7.5% increase to the price of $204. As for the ten red coins, Provenance Blockchain (HASH) is at the top, with a fall of 4.6% to the current $0.02881. Kaspa (KAS) follows with a 2.1% fall to the price of $0.04677. The market is still consolidating, without any significant moves in either direction over the past month. Meanwhile, Polish government has adopted an unchanged version of its crypto-asset market bill, despite the opposition from President Karol Nawrocki. Prime Minister Donald Tusk argued that the legislation is a matter of national security, saying that the authorities identified several hundred foreign entities operating in the domestic crypto market. Source: Krzysztof Piech / Twitter ‘A High-Volatility Regime’ According to Glassnode analysts, several key metrics show a decrease liquidity across the market. This also signals that “the market is likely entering a high-volatility regime in the weeks ahead.” They found that unrealized losses jumped to $350 billion. Out of this, BTC is responsible for $85 billion. Unrealized losses across the crypto ecosystem have recently climbed to ~$350B, including ~$85B in BTC alone. With multiple on-chain indicators signalling shrinking liquidity across the board, the market is likely entering a high-volatility regime in the weeks ahead.… pic.twitter.com/6PqAMNh1HG — glassnode (@glassnode) December 11, 2025 Meanwhile, Bitunix analysts commented on a new Bloomberg survey, which showed that all 50 surveyed economists expect the Bank of Japan to raise its benchmark rate to 0.75% at next week’s meeting. Nearly two-thirds of analysts expect the BOJ to raise rates once every six months, with the median terminal rate rising to 1.25%, implying at least two additional hikes, the email points out. “If the BOJ signals a stronger adjustment to the neutral rate, global carry trades could tighten, affecting FX dynamics and broader risk appetite,” the analysts say. “In the near term, the crypto market should monitor USD/JPY volatility and its spillover effects on liquidity preference to better anticipate shifts in liquidity expectations,” they conclude. Levels & Events to Watch Next At the time of writing on Friday morning, BTC stood at $92,126. During the first part of the day, the price moved around the intraday low of $89,425. However, it then swiftly rose to the day’s high of $93,467. It’s also back in green in the 7-day timeframe, though by a minor change. It’s currently up by 0.3%. During this period, it moved in the $88,202-$94,267 range. Now that BTC has reclaimed the $92,000 level, it may proceed to $96,000, followed by $98,500 and then $102,000. Another drop would take it back below $90,000 and towards $87,300. Ethereum is currently changing hands at $3,239. After a choppy first day of trading, the price jumped from the intraday low of $3,160 to the intraday high of $3,267. ETH is still outperforming BTC in the 7-day period. It appreciated 3.1% in a week, while moving between the intraweek low of $2,946 and intraweek high of $3,390. Market participants are now looking to see if the price will move above $3,270 and then $3,400. This would open doors for another leg up towards $4,000. However, a market drop could take ETH back below $3,000. Ethereum (ETH) 24h 7d 30d 1y All time Meanwhile, the crypto market remained unmoved on Friday morning, thus staying in the fear territory. The crypto fear and greed index stands at 29 today , the same as yesterday. Market participants remain highly cautious and alert. There are currently no key signals that would move the market in either direction and push it out of the consolidating range. ETFs Break An Inflow Streak On Thursday, the US BTC spot exchange-traded funds (ETFs) broke a two-day green streak with $77.34 million in outflows. The total net inflow increased slightly to $57.85 billion. Of the twelve BTC ETFs, five recorded inflows and two saw outflows. BlackRock took in $76.71 million, followed by Bitwise’s $8.44 million. On the other hand, Fidelity saw the highest amount of outflows, letting go of $103.55 million. The next one on the list is VanEck with $19.38 million in outflows. Moreover, the US ETH ETFs broke a brief green streak as well, with $42.37 million in outflows on 11 December. The total net inflow pulled back slightly to $13.11 billion. Of the nine funds, one recorded inflows, and three saw outflows. 21Shares added $12.08 million. At the same time, Grayscale let go of $31.22 million, while Fidelity saw $3.21 million in outflows. Meanwhile, major crypto exchange Coinbase plans to roll out prediction markets and tokenized equities . It will issue tokenized stocks in-house rather than through external partners, Bloomberg reported. A Coinbase spokesperson said the company would reveal its upcoming products during a livestream on 17 December. According to Bloomberg, Coinbase is expected to announce the launch of new features—including proprietary tokenized U.S. equities—at its December 17 event. Screenshots of the upcoming application have been circulating on X for weeks, though the company has not formally disclosed… — Wu Blockchain (@WuBlockchain) December 12, 2025 Quick FAQ Why did crypto move with stocks today? The crypto market saw an increase over the past 24 hours, and the US stock market recorded a mixed performance during its previous session. By the closing time on Thursday, 11 December, the S&P 500 was up by 0.21%, the Nasdaq-100 decreased by 0.35%, and the Dow Jones Industrial Average rose by 1.34%, setting a record high. Is this rally sustainable? The market is still consolidating. Barring a significant macroeconomic signal, it will likely continue trading in a tight range in the short term. It the long term, we should see some significant moves. 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