Crypto Market Update Dec 1: BTC Drops $4K Amid Weekend Volatility
MYX
PRESIDENT TRUMP
DROPS
ZEC
CEO
Overall Crypto Market Update:
The global cryptocurrency market cap stands at $3.06 trillion, marking a 3.8% decline in the last 24 hours.
Daily trading volume reached $109 billion
Bitcoin remains the leader with a 57.1% dominance, while Ethereum holds an 11.3% share.
A total of 19332 cryptocurrencies are currently being tracked.
The largest gainers in the industry are Polkadot and XRP Ledger Ecosystem.
24 Hour Crypto Market Update
Bitcoin Drops $4,000 as Weekend Liquidity Vanishes
Bitcoin plunged nearly $4,000 within two hours late Sunday, falling from around $92,000 to $87,500 as thin weekend liquidity and record leverage triggered a wave of liquidations.
Over $400 million in leveraged longs were wiped out in just 60 minutes, accelerating the decline.
Analysts say the move reflects structural market fragility rather than a fundamental downturn, with 2025 repeatedly showing sharp, news-free weekend swings driven by overextended positions.
Bitcoin is currently priced at $87363, representing a 3.98% fall in the past 24 hours. With $48.7 billion in trading volume and a $1.74 trillion market cap.
Top 5 Trending Coins in 24 Hours:
DeMCP (DCMP) at $0.0001359, down 16.85% with TV of $47.85K.
Planck (PLANCK) at $0.04216, slipping 1.63% supported by $13.22M in TV.
Yooldo (ESPORTS) stands at $0.4545, showing a mild 0.42% gain, with TV $198.17M.
Bitcoin (BTC) at $87,282.74, falling 4.02%, backed by $48.48B in TV.
Ellie (ELLIE) at $0.001299, rising 1.8% with $483.12K in TV.
Top 3 Gainers in 24 hours:
MYX Finance is priced at $2.84, up 8.31%, with a trading volume of $34.89 million.
JUST (JST) is trading at $0.04295, gaining 7.75%, supported by a trading volume of $75.73 million.
MemeCore (M) stands at $1.38, rising 6.99%, with a trading volume of $27.02 million.
Top 3 Losers in 24 hours:
Zcash (ZEC) has declined by 17.71%, priced at $383.70, with a trading volume of $920,146,684.
Ethena (ENA) fell 13.92%, priced at $0.2471, and a trading volume of $299,485,178.
Dash (DASH) dropped 13.85%, now at $49.38, with a trading volume of $132,754,177.
Stablecoins and Defi Update:
Stablecoins hold a market cap of $309 billion with $70 billion in trading volume, representing no change.
The DeFi market cap stands at $106 billion, down 5% in the last 24 hours, with a trading volume of $5.2 billion. DeFi dominance remains at 3.5%.
Fear and Greed Index Today
Today’s Fear & Greed Index sits at 24 (Extreme Fear), reflecting rising anxiety. It is lower than yesterday’s 28 and last month’s 33, but slightly higher than last week’s 19. The drop is driven by recent price volatility, declining trading sentiment, and growing investor caution after sharp pullbacks.
Source: Alternative Me
Latest Market News Today
1. Fed’s Key Inflation Gauge in Focus This Week
Last week’s Beige Book showed muted economic changes and softer labor demand, while ECB minutes signaled no rush to cut rates. This week, markets await September PCE and November ADP data.
2. Trump Nears Decision on New Fed Chair
President Trump said he has chosen the next Fed Chair and will announce it soon, raising market speculation as frontrunner Kevin Hassett leads odds and investors brace for possible policy shifts.
3. Key Economic Data to Shape Markets This Week
The final month of 2025 begins with crucial US data releases, including PMI reports, job openings, employment figures, jobless claims, PCE inflation, and consumer sentiment, guiding market expectations this week.
4. First Chainlink Spot ETF Set to Launch This Week
Nate Geraci expects the first Chainlink spot ETF to launch this week, as Grayscale plans to convert its Chainlink private placement trust into an exchange-traded fund.
5. Coinbase Strategist Recommends Dollar-Cost Averaging
Coinbase’s John D’Agostino says Bitcoin wallet activity remains steady and urges investors to use dollar-cost averaging, warning that even experts can't time markets and long-term consistency builds better returns.
6. Yearn Finance Hit by yETH Exploit
Yearn Finance’s yETH product suffered an exploit where an attacker minted unlimited yETH, draining the pool and stealing around 1,000 ETH. Some funds moved to Tornado Cash. Yearn is investigating.
7. Tether CEO Defends Company’s Strong Reserves
Tether CEO Paolo Ardoino said its Q3 2025 attestation shows billions in excess reserves and nearly $30B equity, adding critics overlooked strong group equity and $500M monthly profits from U.S. Treasury yields.
8. Strategy Explains When It Might Sell Bitcoin
Strategy said it would sell Bitcoin only as a last resort if mNAV falls below 1 and capital dries up. CEO Phong Le reaffirmed long-term holding but acknowledged possible limited sales.
9. Vitalik Warns Zcash Against Token Voting
Ethereum Founder Vitalik Buterin urged Zcash to avoid token-based governance, calling token voting flawed and harmful to privacy. He warned that leaving key decisions to median token holders risks weakening Zcash’s core values.
10. Kazakhstan Central Bank Weighs $300M Crypto Investment
Kazakhstan’s central bank may invest up to $300 million in crypto, though $50–$250 million is more likely. Officials say they’ll wait for market stability and use foreign exchange reserves, not sovereign funds.
CoinGabbar’s Opinion
Given today’s sharp 3.8% overall decline, Bitcoin’s $4,000 weekend drop, and extreme fear index at 24, investors should exercise caution. Short-term volatility is high, driven by leveraged positions and structural fragility rather than fundamentals. While opportunities exist for experienced traders, new or risk-averse investors should consider measured strategies like dollar-cost averaging to mitigate potential losses.
Disclaimer: This is not financial advice. Please DYOR before investing. CoinGabbar is not responsible for any financial losses.
