BitMart Market Weekly Report 12.02-12.08

According to BitMart's market report on December 2, the total market capitalization of cryptocurrencies over the past week was $3.13 trillion, an increase of 9.06% compared to last week.

Cryptocurrency Market Dynamics This Week

This week, the cryptocurrency market has slightly warmed up, with selling pressure easing after several weeks, coupled with market expectations of a Federal Reserve rate cut in December. BTC rose by 1.3%, while ETH led with a 5.6% increase due to upgrade benefits. However, funds are still concentrated in a few large-cap assets, and most tokens remain far below historical highs, indicating overall weak liquidity. Following China's announcement of the strictest stablecoin regulations since 2021, the market was briefly under pressure, but the impact was short-lived. As major global economies push for compliance, Bitcoin briefly broke through $94,000, supported by the Fed's halt on balance sheet reduction, liquidity recovery, and institutional benefits, improving sentiment. On the institutional side, Vanguard Group opened crypto ETFs to its 50 million brokerage clients, seen as a potential source of incremental funds; some large enterprises have established reserve buffers, alleviating market concerns about forced liquidations. Ethereum completed the Fusaka upgrade, enhancing data capacity and stabilizing Blob fees, leading to better performance than BTC this week.
Overall, the market is stabilizing under improved macro liquidity, but the rebound remains limited, with insufficient risk appetite and incremental funds, and volatility is still primarily driven by macro and institutional movements.

Popular Cryptocurrencies This Week

In terms of popular cryptocurrencies, 2Z, SUI, ENA, PENGU, and AAVE have all performed well, ranking in the top five by percentage increase.

U.S. Market Overview and Hot News

This week, global market sentiment significantly improved with the recovery of liquidity. The Federal Reserve ended quantitative tightening and re-injected liquidity, raising expectations for a rate cut in December, which supported a continued rebound in U.S. stocks, while the dollar index weakened slightly. Although the Bank of Japan unexpectedly released hawkish signals causing brief disturbances, overall risk appetite quickly recovered mid-week, leading to a continuous decline in market volatility. U.S. stocks rose moderately, with significant internal rotation. The S&P 500 and Nasdaq slightly increased, with small-cap stocks performing the strongest, led by the Russell 2000. High short interest and high Beta stocks rebounded prominently; Meta surged due to cuts in metaverse investments, while Nvidia was dragged down by export restriction concerns affecting the tech sector. In the forex market, the dollar weakened initially but stabilized later in the week after strong employment data drove a rebound in 10-year U.S. Treasury yields. Commodities generally trended strong, with oil supported by geopolitical tensions rising slightly, and gold recording moderate gains driven by safe-haven sentiment. U.S.-Japan yields rose slightly, but stock and bond volatility declined simultaneously, indicating that market concerns about short-term risks continue to diminish. The overall market atmosphere remains cautiously optimistic, awaiting key directional guidance from policy.
On December 9 at 00:00 (Beijing time), the U.S. will release the November New York Fed 1-year inflation expectations.
On December 10 at 03:00 (Beijing time), the Federal Reserve FOMC will announce the interest rate decision and economic projections; at 03:30, Fed Chair Powell will hold a monetary policy press conference.
On December 12 at 21:00 (Beijing time), 2026 FOMC voting member and Philadelphia Fed President Harker will speak on the economic outlook; at 21:30, 2026 FOMC voting member and Cleveland Fed President Mester will speak.

Project Unlocks

BounceBit (BB) will unlock approximately 29.93 million tokens at 8:00 AM Beijing time on December 9, with a circulation ratio of 3.42%, valued at approximately $2.7 million.
Linea (LINEA) will unlock approximately 1.38 billion tokens at 7:00 PM Beijing time on December 10, with a circulation ratio of 6.67%, valued at approximately $11.1 million.
Aptos (APT) will unlock approximately 11.31 million tokens at 12:00 AM Beijing time on December 12, with a circulation ratio of 0.83%, valued at approximately $19.3 million.
Cheelee (CHEEL) will unlock approximately 20.81 million tokens at 8:00 AM Beijing time on December 13, with a circulation ratio of 2.86%, valued at approximately $10.8 million.

Risk Warning:

The risks associated with using BitMart services are entirely borne by you. All cryptocurrency investments (including returns) are inherently highly speculative and involve significant risk of loss. Past, hypothetical, or simulated performance does not necessarily represent future results.
The value of digital currencies may rise or fall, and there may be significant risks associated with buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment goals, financial situation, and risk tolerance. BitMart does not provide any investment, legal, or tax advice.