Crypto Surges Today: What’s Fueling the Rally on December 12, 2025?

Digital assets rocket upward as institutional money floods the gates.

Bitcoin smashes through resistance levels, dragging the entire ecosystem into the green. Ethereum isn't far behind, with its network activity hitting a fever pitch. The rally isn't isolated—altcoins are catching a fierce bid, suggesting a broad-based risk-on sentiment has taken hold.

The Macro Catalyst

Traditional finance finally gets the memo. A wave of regulatory clarity from major economies is acting like a starting pistol for capital that's been waiting on the sidelines. It turns out that when you remove the 'wild west' label, even the most conservative portfolios find room for a little digital gold.

Tech Is Eating Finance

Layer-2 networks are processing transactions at a blistering pace, cutting fees and proving scalability isn't just a pipe dream. Meanwhile, decentralized applications are seeing user growth that would make any legacy fintech CEO sweat. The infrastructure is no longer a promise—it's a working, breathing engine.

The Sentiment Shift

Fear of missing out has officially replaced fear, uncertainty, and doubt. Social sentiment indicators are flashing green, and trading volumes are spiking across all major exchanges. It's a classic momentum move, fueled as much by psychology as by fundamentals. After all, nothing gets a trader's attention like a chart that only goes up and to the right—until it doesn't.

The surge underscores a simple truth: crypto markets move fast, and today, they're moving north. Whether this is the start of a new paradigm or just another exhilarating chapter in the volatile saga remains to be seen. One thing's for sure: the traditional finance crowd is now scrambling to explain the rally they spent years dismissing. Funny how double-digit returns tend to focus the mind.

Crypto Winners & Losers

At the time of writing, 9 of the top 10 coins per market capitalization have seen their prices increase over the past 24 hours.

is up by 2% since this time yesterday, currently trading at $92,126.

is up by 1%, now changing hands at $3,239.

The highest increase on the list is4.8%, trading at $137.

It’s followed by2.2% to the price of $886.

0.5% is the smallest rise in this category. The coin now stands at $2.03.

On the other hand, the only red coin is, having dropped 1.1%, currently trading at $0.2772.

Looking at the top 100 coins, we find that 90 have appreciated over the past day.

is the category’s best performer. It’s up 8%, now trading at $452.

follows with a 7.5% increase to the price of $204.

As for the ten red coins,is at the top, with a fall of 4.6% to the current $0.02881.

follows with a 2.1% fall to the price of $0.04677.

The market is still consolidating, without any significant moves in either direction over the past month.

Meanwhile, Polish government has adopted an unchanged version of its crypto-asset market bill, despite the opposition from President Karol Nawrocki.

Prime Minister Donald Tusk argued that the legislation is a matter of national security, saying that the authorities identified several hundred foreign entities operating in the domestic crypto market.

‘A High-Volatility Regime’

According toanalysts, several key metrics show a decrease liquidity across the market. This also signals that “the market is likely entering a high-volatility regime in the weeks ahead.”

They found that unrealized losses jumped to $350 billion. Out of this, BTC is responsible for $85 billion.

Unrealized losses across the crypto ecosystem have recently climbed to ~$350B, including ~$85B in BTC alone.
With multiple on-chain indicators signalling shrinking liquidity across the board, the market is likely entering a high-volatility regime in the weeks ahead.… pic.twitter.com/6PqAMNh1HG

Meanwhile,analysts commented on a new Bloomberg survey, which showed that all 50 surveyed economists expect theto raise its benchmark rate to 0.75% at next week’s meeting.

Nearly two-thirds of analysts expect the BOJ to raise rates once every six months, with the median terminal rate rising to 1.25%, implying at least two additional hikes, the email points out.

“If the BOJ signals a stronger adjustment to the neutral rate, global carry trades could tighten, affecting FX dynamics and broader risk appetite,” the analysts say.

“In the near term, the crypto market should monitor USD/JPY volatility and its spillover effects on liquidity preference to better anticipate shifts in liquidity expectations,” they conclude.

Levels & Events to Watch Next

At the time of writing on Friday morning, BTC stood at $92,126. During the first part of the day, the price moved around the intraday low of $89,425. However, it then swiftly ROSE to the day’s high of $93,467.

It’s also back in green in the 7-day timeframe, though by a minor change. It’s currently up by 0.3%. During this period, it moved in the $88,202-$94,267 range.

Now that BTC has reclaimed the $92,000 level, it may proceed to $96,000, followed by $98,500 and then $102,000. Another drop WOULD take it back below $90,000 and towards $87,300.

Ethereum is currently changing hands at $3,239. After a choppy first day of trading, the price jumped from the intraday low of $3,160 to the intraday high of $3,267.

ETH is still outperforming BTC in the 7-day period. It appreciated 3.1% in a week, while moving between the intraweek low of $2,946 and intraweek high of $3,390.

Market participants are now looking to see if the price will MOVE above $3,270 and then $3,400. This would open doors for another leg up towards $4,000. However, a market drop could take ETH back below $3,000.

Meanwhile, the crypto market remained unmoved on Friday morning, thus staying in the fear territory. The crypto fear and greed index stands at 29 today, the same as yesterday.

Market participants remain highly cautious and alert. There are currently no key signals that would move the market in either direction and push it out of the consolidating range.

ETFs Break An Inflow Streak

On Thursday, the US BTC spot exchange-traded funds (ETFs) broke a two-day green streak with $77.34 million in outflows. The total net inflow increased slightly to $57.85 billion.

Of the twelve BTC ETFs, five recorded inflows and two saw outflows.took in $76.71 million, followed by$8.44 million.

On the other hand,saw the highest amount of outflows, letting go of $103.55 million. The next one on the list iswith $19.38 million in outflows.

Moreover, the US ETH ETFs broke a brief green streak as well, with $42.37 million in outflows on 11 December. The total net inflow pulled back slightly to $13.11 billion.

Of the nine funds, one recorded inflows, and three saw outflows.added $12.08 million.

At the same time,let go of $31.22 million, whilesaw $3.21 million in outflows.

Meanwhile, major crypto exchangeplans to roll out prediction markets and tokenized equities. It will issue tokenized stocks in-house rather than through external partners, Bloomberg reported.

A Coinbase spokesperson said the company would reveal its upcoming products during a livestream on 17 December.

According to Bloomberg, Coinbase is expected to announce the launch of new features—including proprietary tokenized U.S. equities—at its December 17 event. Screenshots of the upcoming application have been circulating on X for weeks, though the company has not formally disclosed…

Quick FAQ

The crypto market saw an increase over the past 24 hours, and the US stock market recorded a mixed performance during its previous session. By the closing time on Thursday, 11 December, thewas up by 0.21%, thedecreased by 0.35%, and therose by 1.34%, setting a record high.

The market is still consolidating. Barring a significant macroeconomic signal, it will likely continue trading in a tight range in the short term. It the long term, we should see some significant moves.