Switch to Long-Term Thinking: Crypto Daybook Americas

Crypto Daybook Americas Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Switch to Long-Term Thinking: Crypto Daybook Americas Your day-ahead look for Dec. 5, 2025 By Francisco Rodrigues , Saksham Diwan | Edited by Sheldon Reback Dec 5, 2025, 12:29 p.m. (Midjourney/Modified by CoinDesk) What to know : You are viewing Crypto Daybook Americas, your morning briefing on what happened in the crypto markets overnight and what's expected during the coming day. Crypto Daybook Americas will kickstart your morning with comprehensive insights. If you're not already subscribed to the email, click here . You won't want to start your day without it. By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin is hovering around $91,300 after falling more than 2.2% in 24 hours, a better performance than the wider crypto market’s 3.2% drop as measured by the CoinDesk 20 ( CD20 ) index. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The backdrop is messy. A record-long U.S. government shutdown has delayed key labor reports, though there are plenty of layoff announcements filling headlines as firms increasingly turn to AI to cut costs. The Fed’s preferred inflation gauge, personal consumption expenditure (PCE), due later today, is only now catching up with older data. Still, institutional signals lean supportive. Just this week, Vanguard opened crypto ETF access , Bank of America greenlit wealth advisers to recommend allocations of as much as 4% of portfolios to digital assets and Charles Schwab said it plans to offer bitcoin and ether trading in early 2026. Add to that the Federal Reserve is expected to cut interest rates this month, a move that's likely to support risk assets. Taking a longer perspective, bitcoin rose as high as $94,000 this week and is still in the green after dropping as low as $80,600 in November. “The crypto markets have staged a sharp rebound after a 35% drawdown, right in line with the major shakeouts we've seen throughout this bull cycle,” Lewis Harland, a portfolio manager at Re7 Capital, told CoinDesk. “Bitcoin’s move back into the $92–93k region highlights strong dip-buying interest, and we’re now in the kind of consolidation zone that typically precedes a resumption of bullish momentum.” That resumption may be elusive for now, with traders moving to stablecoins and hunting yield rather than holding spot tokens, according to Syndicate co-founder Will Papper. “At the same time, this is also a sign of market maturity: A switch into yield strategies is a switch into long-term thinking,” Papper told CoinDesk. “Yield strategies open crypto up to a larger part of portfolios than risk assets alone.” “The reduction in leverage after October is a sign that either the users or the market will force more long-term mindsets,” Papper concluded. Stay alert! Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today What to Watch For a more comprehensive list of events this week, see CoinDesk's " Cry~~pto Week Ahead ". Crypto Dec. 5, 11 a.m.: QuickSwap (QUICK) Web3 Payments AMA on X Spaces. Macro Dec. 5, 8:30 a.m.: Canada Nov. Unemployment Rate Est. 7%. Dec. 5, 10 a.m.: U.S. Dec. (Preliminary) University of Michigan Survey. Consumer Sentiment Index Est. 52; Inflation Expectations (Prev. 4.5%). Dec. 5, 10 a.m.: U.S. Sept. PCE Price Index. Headline YoY Est. 2.8%, MoM Est. 0.3%; Core YoY Est. 2.9%, MoM Est. 0.2%. Earnings (Estimates based on FactSet data) Nothing scheduled. Token Events For a more comprehensive list of events this week, see CoinDesk's " Crypto Week Ahead ". Governance votes & calls Aavegotchi DAO is electing a new director for its foundation company following the resignation of the current directors. Voters can choose between two candidates or vote to appoint both to ensure legal compliance and operational continuity. Voting ends Dec. 6. Compound DAO is voting to deprecate V2 by pausing all borrowing and minting and setting reserve factors to 100%. Voting ends Dec. 6. Unlocks No major unlocks. Token Launches Dec. 5: REZ $ 0.006369 to burn 90% and distribute 10% of purchased tokens during the month to ezREZ stakers. Conferences For a more comprehensive list of events this week, see CoinDesk's " Crypto Week Ahead ". Day 2 of 2: Milken Institute Middle East and Africa Summit 2025 (Abu Dhabi) Day 1 of 2: Midwest Blockchain Conference 2025 (Ann Arbor, Michigan) Market Movements BTC is down -1.11% from 4 p.m. ET Thursday at $91,163.32 (24hrs: -1.54%) ETH is unchanged at $3,123.32 (24hrs: -1.38%) CoinDesk 20 is down 1.17% at 2,907.07 (24hrs: -2.6%) Ether CESR Composite Staking Rate is down 35 bps at 2.5% BTC funding rate is at 0.0056% (6.107% annualized) on Binance DXY is unchanged at 99.02 Gold futures are up 0.26% at $4,254.10 Silver futures are up 2.16% at $58.73 Nikkei 225 closed down 1.05% at 50,491.87 Hang Seng closed up 0.58% at 26,085.08 FTSE is up 0.17% at 9,726.99 Euro Stoxx 50 is up 0.34% at 5,737.26 DJIA closed on Thursday unchanged at 47,850.94 S&P 500 closed up 0.11% at 6,857.12 Nasdaq Composite closed up 0.22% at 23,505.14 S&P/TSX Composite closed up 1.02% at 31,477.57 S&P 40 Latin America closed up 1.22% at 3,255.46 U.S. 10-Year Treasury rate is up 0.2 bps at 4.11% E-mini S&P 500 futures are up 0.19% at 6,880.00 E-mini Nasdaq-100 futures are up 0.41% at 25,727.00 E-mini Dow Jones Industrial Average Index futures are unchanged at 47,912.00 Bitcoin Stats BTC Dominance: 59.27% (0.14%) Ether-bitcoin ratio: 0.03437 (1%) Hashrate (seven-day moving average): 1,036 EH/s Hashprice (spot): $38.81 Total fees: 3.23 BTC / $299,506 CME Futures Open Interest: 121,475 BTC BTC priced in gold: 21.6 oz. BTC vs gold market cap: 6.11% Technical Analysis Bitcoin's weekly low bounced off the support at just under $80,000 and with a clear bullish RSI divergence this points to a likely uptrend for BTC. The core thing to watch: If the BTC weekly breaks above the next resistance at ~$94,000. If not, then the likely outcome is that price oscillates between the highlighted support and resistance Crypto Equities Coinbase Global (COIN): closed on Thursday at $274.05 (-1.04%), -0.22% at $273.46 in pre-market Circle (CRCL): closed at $87.46 (+1.36%), -0.89% at $86.68 Galaxy Digital (GLXY): closed at $27.57 (+1.92%), -0.36% at $27.47 Bullish (BLSH): closed at $48.42 (+4.42%), -0.93% at $47.97 MARA Holdings (MARA): closed at $12.44 (-0.24%), -0.72% at $12.35 Riot Platforms (RIOT): closed at $15.59 (-0.32%), -0.38% at $15.53 Core Scientific (CORZ): closed at $17.08 (+3.2%), +0.41% at $17.15 CleanSpark (CLSK): closed at $15.03 (+3.73%), -0.67% at $14.93 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $47.29 (+4%) Exodus Movement (EXOD): closed at $15.42 (+7.61%) Crypto Treasury Companies Strategy (MSTR): closed at $186.01(-1.26%), -0.75% at $184.61 Semler Scientific (SMLR): closed at $20.33 (-0.54%), -0.2% at $30.57 SharpLink Gaming (SBET): closed at $11.16 (+5.38%), -0.36% at $11.12 Upexi (UPXI): closed at $2.85 (-2.06%), -0.35% at $2.84 Lite Strategy (LITS): closed at $1.75 (-0.57%) ETF Flows Spot BTC ETFs Daily net flows: -$194.6 million Cumulative net flows: $57.54 billion Total BTC holdings ~1.31 million Spot ETH ETFs Daily net flows: -$41.5 million Cumulative net flows: $12.97 billion Total ETH holdings ~6.29 million Source: Farside Investors While You Were Sleeping Here's How Much Bitcoin, XRP, Ether, Solana May Move on Friday's Inflation Report (CoinDesk): Persistent U.S. consumer inflation may delay crypto breakouts despite rate cut hopes, with Volmex data suggesting Friday moves of 1.88% for bitcoin, 3% for ether and 4.33% for XRP. Kraken Launches High-Touch VIP Program for Ultra High Net Worth Clients (CoinDesk): Kraken’s VIP program requires a $10 million average balance or $80 million in annual trading volume, offering members a dedicated relationship manager, 24/7 support, multichannel access and early product insights. Crypto Daybook Americas More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You Bitcoin Could Continue Chopping Below $95K Into Year-End and Altcoins Could Benefit, Analyst Says By Krisztian Sandor , Helene Braun | Edited by Stephen Alpher 16 hours ago Low-liquidity in December may cap bitcoin's recovery rally, but rangebound trading for the largest crypto could benefit smaller digital assets, Wincent's Paul Howard said. What to know : Bitcoin edged lower to $92,000 in Thursday afternoon U.S. trade, erasing its overnight advance to $94,000. Ether outperformed holding above $3,100, while XRP, HBAR, BCH and Zcash led altcoin losses with 4%-5% declines. Bitcoin's struggle break out the upside could benefit the altcoin sector, said Wincent's Paul Howard. Read full story Latest Crypto News Crypto Markets Today: Bitcoin Slides to $91K as ETF Outflows Deepen Market Anxiety 42 minutes ago EU Seeks to Transfer Crypto Oversight to Bloc's Securities and Markets Authority 1 hour ago BlackRock’s IBIT Faces Record Outflow Run as Bitcoin Struggles to Reclaim Bull Trend 1 hour ago Polymarket Hiring In-House Team to Trade Against Customers — Here's Why It's a Risk 1 hour ago Kraken Launches High-Touch VIP Program for Ultra High Net Worth Clients 5 hours ago Solana, XRP, ETH Extend Losses as Bitcoin’s $91K Support Back in Focus 6 hours ago Top Stories Kraken Launches High-Touch VIP Program for Ultra High Net Worth Clients 5 hours ago Crypto Markets Today: Bitcoin Slides to $91K as ETF Outflows Deepen Market Anxiety 42 minutes ago Here's How Much Bitcoin, XRP, Ether, Solana May Move on Friday's Inflation Report 8 hours ago Polymarket Hiring In-House Team to Trade Against Customers — Here's Why It's a Risk 1 hour ago BlackRock’s IBIT Faces Record Outflow Run as Bitcoin Struggles to Reclaim Bull Trend 1 hour ago Coinbase, Chainlink Introduce Base-Solana Bridge to Link Ecosystems 17 hours ago In this article REZ REZ $ 0.006369 ◢ 4.45 %