Bitcoin has turned itself around with a sharp surge to $92,000, unleashing a 
fresh wave of short liquidations on the derivatives exchanges. Bitcoin Has 
Seen A Flash Recovery Back To $92,000 Bitcoin suffered a blow on Monday as its 
price slipped under $84,000, but just as quickly as it had crashed, the 
cryptocurrency has made a swift recovery on Tuesday. Related Reading: Bitcoin 
Long-Term Holders See First Uptick Since April Lows: Bullish Sign? With the 
asset&#8217;s price now floating above $92,000, its price has surged by more than 8% 
over the last 24 hours. Like is usually the case, Bitcoin hasn&#8217;t been alone in 
this rally; the rest of the cryptocurrency market has also shot up alongside 
the number one digital asset. Some of the top altcoins have even managed to 
outperform BTC, with Ethereum (ETH) sitting in a profit of nearly 10% for the 
past day. The fresh wave of volatility in the sector has triggered a 
liquidation squeeze in the derivatives market. Crypto Liquidations Have 
Crossed $400 Million In Last 24 Hours According to data from CoinGlass, the 
cryptocurrency market as a whole has suffered over $410 million in 
liquidations during the past day. &#8220;Liquidation&#8221; here naturally refers to the 
forceful closure that any contract undergoes after it has amassed a certain 
percentage of loss (as defined by the platform). Considering that the price 
action in this window was majorly to the upside, it&#8217;s not surprising to see 
that short contracts made up for most of the derivatives flush. As is visible 
in the above table, $348 million in short positions found liquidation in the 
last 24 hours, equivalent to about 85% of the total flush. In terms of the 
individual symbols, Bitcoin, Ethereum, and Solana were the top three 
contributors to the liquidation event with $196 million, $95 million, and $18 
million in positions, respectively. Just $13 million of the Bitcoin 
liquidations involved long investors; the rest $182 million in liquidations 
struck the traders betting on a bearish outcome for the cryptocurrency. A mass 
liquidation event like this latest one is popularly known as a squeeze. 
Today&#8217;s squeeze involved shorts in an extreme majority, so the event will be 
termed a short squeeze. During a squeeze, a sharp swing in the price triggers 
a large derivatives flush, which only ends up feeding back into the price 
move. The amplified price swing then unleashes a further cascade of 
liquidations. Related Reading: XRP Crashes 9.5%, But TD Sequential Flashes A 
Buy Signal Such events aren&#8217;t a particularly rare sight in the cryptocurrency 
market, as assets tend to be volatile and many traders opt for significant 
amounts of leverage. Featured image from Dall-E, CoinGlass.com, chart from 
TradingView.com

Bitcoin Blasts To $92,000, Liquidating $182 Million In Shorts

Hybrid layer-2 blockchain Build on Bitcoin (BOB) experiences dramatic price 
surge following major korean cryptocurrency exchange debut. Hybrid Layer Two 
(L2) blockchain Build on Bitcoin (BOB) was listed on South Korean 
cryptocurrency exchange Bithumb on December 3, 2025, with its token price 
rising dramatically by over 120% immediately following the listing. The 
exchange will support […]

BOB Skyrockets Over 120% After South Korea’s Bithumb Exchange Listing

Cryptocurrency wallet introduces native prediction markets feature, allowing 
users to trade on outcomes of global events directly within their existing 
wallet. Trust Wallet has launched a new Predictions feature, enabling users to 
trade on real-world events across categories including crypto, politics, 
sports, and global trends. The platform integrates with three leading event- 
market providers: Myriad (on […]

Trust Wallet Adds Prediction Markets for Real-World Event Trading

Crypto prices today have rebounded sharply amid improving market sentiment and 
institutional flows. Bitcoin climbed 8% to trade at $93,786 at press time, 
while Ethereum pushed back above $3,000 and BNB broke past $900. Many smaller 
altcoins saw even bigger…

Crypto prices today (Dec. 3): BTC regains 93K, SUI, PENGU, HYPE surge amid market recovery

Cardano (ADA) has opened December under pressure, dropping more than 7% in the 
past week as broader market sentiment weakens and macroeconomic uncertainty 
rises. Related Reading: Bitcoin Long-Term Holders See First Uptick Since April 
Lows: Bullish Sign? ADA is now trading near $0.38–$0.4, testing key support 
levels and extending a month-long downtrend that has erased recent gains. 
ADA&#8217;s price gains some small gains on the daily chart. Source: ADAUSD on 
Tradingview Macroeconomic Pressure and Market Sentiment Weigh on ADA The 
latest decline comes amid renewed concerns over global interest rate policy. 
Comments from Bank of Japan Governor Kazuo Ueda signaled the possibility of a 
rate hike, a shift that could unwind leveraged positions funded through low- 
interest yen borrowing. Cardano’s drop aligns with losses seen across the 
crypto market, with Bitcoin, Ethereum, and other major altcoins also trading 
lower. High trading volumes, over $1 billion in the past 24 hours, reflect 
elevated volatility and growing caution among investors. On-chain indicators 
show dormant ADA wallets from as far back as 2017 moving coins to exchanges, a 
sign that long-term holders may be preparing to exit positions. Short interest 
in ADA futures has also increased, with open interest rising 12% over the past 
week. Traders are betting on a further slide below $0.35 unless ADA can 
reclaim the $0.40 resistance level. Ecosystem Developments Offer Some Long- 
Term Support Despite the market downturn, several developments within the 
Cardano ecosystem continue to generate attention. A $30 million liquidity 
initiative designed to strengthen Cardano’s DeFi sector is scheduled for 
rollout in early 2026. The fund aims to boost total value locked by supporting 
lending, staking, and decentralized exchange activity, areas where Cardano has 
historically lagged behind competitors. Another upcoming milestone is the 
launch of the Midnight sidechain on December 8. The privacy-focused network 
introduces new capabilities around data protection and secure enterprise 
applications. Some analysts believe the launch could increase Cardano’s 
adoption and improve sentiment, particularly if it leads to more activity in 
decentralized finance. Cardano’s long-term technical outlook also remains a 
topic of debate. Analysts note that ADA is once again touching the support 
line of a multi-year uptrend. Historically, similar tests have preceded 
recoveries, with some projecting a possible rebound toward the $0.50–$0.75 
range if the market stabilizes. What Comes Next for Cardano (ADA)? The near- 
term outlook for Cardano remains uncertain. A break below $0.38 could expose 
the token to further declines toward the $0.30 area, especially if broader 
market weakness continues. However, strong staking participation, around 70% 
of circulating supply, may help cushion deeper drawdowns. Longer-term 
forecasts vary widely, ranging from modest recoveries to highly optimistic 
projections tied to expected ecosystem upgrades in 2026. Related Reading: 
Bitcoin Vs. Gold Metric Flashes Rare Signal Not Seen in Market History – See 
How For now, ADA’s trajectory will depend on whether macroeconomic pressures 
ease and whether Cardano can translate its upcoming developments into 
sustained network growth and investor confidence. Cover image from ChatGPT, 
ADAUSD chart on Tradingview

Cryptocurrency price in NZD