Current Cryptocurrency News for Thursday, December 4, 2025: Bitcoin Consolidates, Ethereum Completes Fusaka Upgrade, Altcoin Dynamics, and Top 10 Cryptocurrency Overview.
As of the morning of December 4, 2025, the cryptocurrency market has stabilized following a volatile start to the week. Bitcoin hovers around CAD $90,000 after a correction, while Ethereum has successfully completed its Fusaka upgrade, bolstering investor optimism. Most major altcoins have regained some of their recent losses; however, market participants remain cautious despite hopes for a year-end rally.
Bitcoin Consolidates After Correction
Bitcoin (BTC) is trading around CAD $90,000, approximately 30% lower than its October peak (~CAD $126,000) primarily due to profit-taking amid macroeconomic uncertainty. On December 1, the price dipped below CAD $86,000 but then rebounded to around CAD $90,000. The market capitalization of BTC is estimated at about CAD $1.8 trillion (≈59% of the market). Sentiment remains wary: the Fear/Greed Index is in the "fear" zone (~30/100).
Ethereum Completes Fusaka Upgrade
Ethereum (ETH) has successfully conducted its Fusaka upgrade, aimed at improving network scalability (accelerating Layer 2 transactions) and reducing fees. The ETH price is holding steady at around CAD $3,100, recovering after a recent dip (approximately -20% from its October high). Investors are hopeful that technological enhancements and growth in staking will strengthen Ethereum's market position. Despite recent outflows from Ethereum funds, the fundamental indicators of the network (demand for DeFi and NFT services) remain robust. Under favorable conditions, Ethereum has the potential to reach new annual highs.
Altcoins: Mixed Market Dynamics
The altcoin market displays mixed dynamics. Following a general decline at the end of November, most major altcoins are slowly recovering alongside Bitcoin. High-performance platforms like Solana have managed to retain a significant portion of their previously reached positions due to ecosystem development and attractive staking opportunities. For example, Solana (SOL) is trading at around CAD $150 per coin; its growth in 2025 has been supported by the launch of funds (ETFs) linked to this token and a high delegation yield (approximately 7% per annum), drawing in long-term investors. Some altcoins have corrected after a rapid summer surge. XRP, after soaring above CAD $3 (following Ripple's victory over the SEC), has retreated to approximately CAD $2.4. Nonetheless, legal clarity regarding the token's status maintains interest in XRP, keeping it among the top cryptocurrency assets. Dogecoin (DOGE) remains around CAD $0.15, supported by a dedicated community and media attention, though volatility remains high.
Institutional Investors and ETF Trends
After record inflows during the summer, there was a substantial outflow of capital from cryptocurrency funds in the fall. However, by early December, there has been a noticeable return of some funds: moderate inflows into major Bitcoin ETFs signal a cautious return of large players. The SEC is considering launching ETFs for several popular altcoins (with Solana already launched, and funds for Dogecoin, XRP, and others on the horizon). Some institutional investors, having weathered the turbulence of November, are gradually returning to the market, planning portfolio rebalancing by year-end.
Forecasts and Expectations
Experts are moderately optimistic regarding 2026: following a phase of consolidation, the market could see renewed growth under favorable macro conditions. At the same time, risks of volatility and unexpected shocks persist, prompting investors to adhere to long-term strategies and diversification.
Top 10 Most Popular Cryptocurrencies
- Bitcoin (BTC) — ~CAD $90,000. The largest cryptocurrency (~60% of the market) with a capped issuance; in demand among institutional investors.
- Ethereum (ETH) — ~CAD $3,100. The second-largest cryptocurrency by market cap (~13% of the market), core platform for smart contracts (DeFi, NFTs); transitioned to Proof-of-Stake.
- Tether (USDT) — ~CAD $1.00. Leading stablecoin (≈CAD $185 billion market cap) pegged to the US dollar and widely used in cryptocurrency trading.
- Binance Coin (BNB) — ~CAD $900. The token of the largest exchange ecosystem, Binance (market cap ≈CAD $140 billion); used for fee payments and platform services.
- USD Coin (USDC) — ~CAD $1.00. The second-largest stablecoin (≈CAD $75 billion), fully backed by reserves; distinguished by high market trust.
- XRP (Ripple) — ~CAD $2.4. Token for cross-border payments (≈CAD $130 billion); regained investor confidence and leadership after Ripple's legal victory in the US.
- Solana (SOL) — ~CAD $150. High-speed blockchain (~CAD $60 billion), showing growth due to DeFi/NFT ecosystem development and ETF launches.
- Cardano (ADA) — ~CAD $0.55. Blockchain platform with a scientific approach (~CAD $20 billion); remains in the top 10 due to an active community and continuous network updates.
- Dogecoin (DOGE) — ~CAD $0.15. The most recognized meme cryptocurrency (~CAD $20 billion); supported by the community and media attention, but exhibits high volatility.
- TRON (TRX) — ~CAD $0.30. Cryptocurrency of the Tron platform (~CAD $25 billion), used for digital content and stablecoin issuance; attracts interest with low fees and high network speed.
