Bitcoin, Ethereum & XRP Gain After Major Short Liquidations
Bitcoin jumps above $90K with Ethereum and XRP also rising as leveraged shorts unwind and trading volume surges ahead of key Federal Reserve decisions.
Key Points
Bitcoin has climbed back above $90,000 for the first time in more than a week after strong buying activity returned to the market. BTC was recently priced at $90,339, showing a 6.7% gain within 24 hours based on pricing from major exchanges.
Short sellers were heavily impacted by the price move. Data from derivatives platforms shows that more than $157 million in Bitcoin short contracts were liquidated over the past day, while total liquidations across crypto assets passed $312 million. Forced closures of short positions increased buying demand, adding to the upward price move.
Trading activity across crypto has picked up sharply. Daily volume has now surpassed $92 billion after earlier declines this week, indicating higher participation from market traders.
Ethereum has also risen. Ahead of the upcoming Fusaka network upgrade, ETH increased nearly 10% and briefly moved above $3,000. XRP gained more than 7% and last traded near $2.14.
Market participants are tracking U.S. monetary policy developments. The Federal Open Market Committee will hold its final meeting of the year on December 9–10. Many expect a 25-basis-point rate cut, which would lower borrowing costs and influence how traders position themselves in digital assets. The Federal Reserve also provided $13.5 billion in overnight liquidity through repo operations to support year-end funding needs.
Investment funds tied to digital assets have seen renewed demand. Over the past week, Bitcoin, Ethereum, and XRP exchange-traded products have recorded more than $1 billion in inflows. During Monday’s session alone, Bitcoin ETFs added about $8.5 million in new capital. Ethereum and Solana products experienced modest withdrawals as investors reposition ahead of the interest-rate decision.
Trading firms are closely following money moving into and out of crypto investment products as investor decisions shift toward the final days of 2025.
Also Read: Bitcoin slides gain as investors lose appetite for crypto
