Why Crypto Bulls Are Back After a Powerful 24-Hour Surge

The crypto market just reminded everyone it’s still alive and kicking. With Bitcoin reclaiming the 92K zone, Ethereum delivering a punchy 6% daily pump, and altcoins rotating into full risk‑on mode, fear is slowly giving way to cautious FOMO. A Fear and Greed Index reading of 30 says investors are still nervous — but price action clearly disagrees.

Crypto Market in the Last 24 Hours

Global crypto is trading in clear risk‑on mode, led by strong moves in Bitcoin and Ethereum and broad altcoin rotation into higher beta names. Total market liquidity and volumes remain elevated as investors increasingly price in easier monetary policy into 2026.

Bitcoin’s daily gain above 2% and Ethereum’s more than 6% jump have improved sentiment after several weeks of choppy consolidation. Capital is rotating from majors into select mid‑caps and narrative plays (L2, DeFi, AI), which typically happens in the later stages of a bullish leg within a larger uptrend.

​The Crypto Fear and Greed Index has climbed to 30.

Bitcoin & Ethereum Price — What Actually Moved

Bitcoin: Daily data shows BTC at about 92,723 USD for 10 December 2025, up from roughly 90,618 USD the previous day, a gain of around +2.3%. This move extends the rebound from late‑November lows near 86K-88K and reflects renewed spot demand after a shallow pullback from the 100K+ area in November.​

The main drivers in the last 24h are:

• Softer dollar and lower real‑yield expectations making BTC relatively more attractive as a macro hedge.​
• Improved risk appetite across tech and growth assets, with BTC following global liquidity indicators more than traditional “digital gold” narratives in the very short term.​

Ethereum: ETH is around 3,322 USD, up from roughly 3,125 USD a day earlier, a strong +6.3% daily move. This outperformance versus BTC fits a common pattern where ETH catches up after periods of underperformance and benefits from higher DeFi and L2 activity.​

Key ETH drivers:

• Valuation catch‑up after a multi‑month underperformance versus BTC since October highs around 3,800–4,100 USD.​
• Growing expectations for further rollup/L2 adoption and staking‑related yield demand, which supports a medium‑term “yield plus tech” narrative for ETH.​

3. Bitcoin On‑Chain (Last 24h) + VWAP Chart

Key Bitcoin On‑Chain Metrics (24h — indicative)

24h BTC Price Chart with VWAP

This structure keeps VWAP slightly below the closing price, with support around 90K and resistance in the mid‑90K area, matching the current daily context.

BTCUSD position: the add-on order has been triggered, so we now have four strategic entries in this trade. Impatient traders may choose to close the position right now and lock in a 1.42% profit, while more patient market participants can keep holding and trail risk by moving the Stop-loss higher to $87,877.

Ethereum On‑Chain Metrics (Last 24h)

High‑frequency Ethereum on‑chain data suggests increasing activity alongside the recent price breakout above 3.3K.​

In the ETHUSD position, the Double Stop strategy worked once again and the market has taken us into a Long setup. Our former Sell short order now acts as the Stop-loss order for this trade, with the add-on (position scaling) signal at $3,398.6.

DXY Performance & Why It Matters

The U.S. Dollar Index (DXY) is trading slightly softer versus recent weeks, hovering in the low‑100s, with recent readings drifting down from early‑Q4 peaks. Over the last day, DXY has been flat to marginally lower, which historically correlates with firmer BTC and ETH as the relative appeal of non‑yielding USD cash diminishes.​

The key reasons DXY is no longer aggressively bid are:

• Markets anticipate a gradual Fed easing path into 2026, compressing interest‑rate differentials that previously strengthened the dollar.​
• Reduced “flight to safety” demand as global risk sentiment stabilizes, allowing capital to flow back to crypto and high‑beta assets.​

Top 5 Altcoin Performers (Indicative 24h Snapshot)

Exact leaders rotate intraday, but the structure is clear: capital is moving down the risk curve from BTC/ETH into higher‑beta altcoins as confidence returns.​

Current Market, BTC & ETH Outlook

From an investor’s perspective, the combination of rising prices, healthy (but not euphoric) on‑chain activity, and a softening dollar supports a cautiously bullish near‑term bias.

Bitcoin:

• As long as BTC holds above the 90K-88K support region, the path of least resistance remains towards retesting psychological levels near 95K-100K over coming weeks.​
• A daily close back below 88K would flip the picture into a deeper consolidation, potentially targeting the mid‑80K range where previous demand emerged.​

Ethereum:

• ETH’s strong +6% daily move opens room for a push towards the 3.5K-3.7K band where supply appeared in October/November, especially if DeFi and L2 metrics continue improving.​
• Losing 3.1K support on a daily close would likely drag price back into the high‑2K consolidation zone before any renewed attempt higher.​

Overall, the market structure currently favors buy‑the‑dip strategies in BTC and ETH over aggressive shorting, but volatility remains high and position sizing is critical.

High‑Potential Crypto Projects — One Per Key Theme

Investors looking beyond large caps often search for projects with strong fundamentals, real usage, and alignment with major narratives (scaling, infrastructure, AI, DeFi). The following are widely cited as having notable upside potential into 2026, but still carry full crypto risk.​

• Layer‑1 scalability — Sui (SUI): High‑throughput smart‑contract platform focused on gaming and consumer apps, using parallel execution and object‑centric design for better UX and performance.​
• Layer‑2 / scaling — Optimism (OP) or similar L2: Rollup‑based scaling built around Ethereum, capturing fees and governance in the L2 stack as on‑chain activity migrates from mainnet.​
• DeFi infrastructure — A leading DEX/aggregator token: Revenue‑sharing and protocol‑fee models give tokenholders leveraged exposure to on‑chain volumes as TVL grows.​
• AI‑linked crypto — AI infrastructure or data‑market tokens: Positioned at the intersection of AI and Web3, monetizing compute, models, or datasets through tokens.​
• Real‑world assets (RWA) — tokenized T‑bill / credit protocols: Benefit from the structural trend of bringing traditional yield‑bearing instruments on‑chain.​

These ideas are starting points, not buy recommendations; every project requires deep due diligence on tokenomics, unlock schedules, team, regulatory exposure, and actual on‑chain traction.

Crypto Conclusion

Crypto is back in “confidence but not arrogance” mode. Prices are rising, on-chain activity looks healthy, and the dollar is behaving nicely-almost too nicely. Just remember: in crypto, patience earns money… while overleverage earns life lessons.

Source: Coincentral.com, Tradingview.com, Coinranking.com, Coingecko.com, Coinmarketcap.com

More about Crypto market .

Originally published at https://aipt.lt on December 10, 2025.

Why Crypto Bulls Are Back After a Powerful 24-Hour Surge was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.