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The entire crypto market has bounced in unison overnight, extending gains of +2.5%, bringing the combined cryptocurrency market cap back to $3.25 trillion. For the first time in a long time, this move has been led by Ethereum, as ETH/USD spiked +6.2% over the past 24 hours, climbing back above $3,300. Many have been left wondering, ‘Why is crypto going up today?’ and, put simply, it is the US Federal Reserve’s FOMC meeting today, where a 25 bps rate cut is almost certain.
A rate cut later today will give risk-on assets breathing room once more, with digital assets set to benefit most from a dovish pivot that favors low interest rates and easy-money policies to stimulate economic growth and employment. This monetary policy shift from the Fed will be music to crypto investors’ ears, after months of bearish price action. 2026 could be shaping up to be the bull market that was promised.
Crypto Fear and Greed Chart
ETH USD Leading the Overnight Crypto Resurgence: Why is Ethereum the Leader This Time Around?
With a 25bps rate cut expected later today, many are still left wondering why Ethereum, one of the weakest major-cap performers in recent years, is leading the crypto resurgence.
Several factors have occurred since the beginning of December, the first being the Ethereum Fusaka upgrade, which kicked in on December 3. Fusaka is the second-largest upgrade by scope, bundling ten improvement proposals.
The most significant update is EIP-7594, which introduces the PeerDAS protocol to Ethereum. This technology enables validators to verify small portions of data rather than entire BLOB objects, thereby improving data availability across the ecosystem.
Additionally, the upgrade more than doubles the layer-1 gas limit, theoretically increasing the blockchain’s throughput to 12,000 transactions per second (TPS).
$ETH is trying to break above a crucial resistance level.
A reclaim of the $3,300-$3,400 level will push Ethereum towards the $3,700 level.
A rejection from this level will push ETH below the $3,100 zone. pic.twitter.com/cFGBuBGQlU
— Ted (@TedPillows) December 10, 2025
Another major factor driving sentiment toward Ethereum is the announcement of a BlackRock Ethereum staking ETF. The world’s largest asset manager, with over $10 trillion in assets under management, filed for its iShares Staked Ethereum Trust (ETHB), and some believe its approval could send ETH/USD to $5,000.
Finally, Tom Lee’s Bitmine has purchased $435M worth of Ethereum in the first ten days of December as the company’s stock price closed yesterday’s trading session up +9% on the day, at $39.21.
“Our stepped up buying activity reflects our confidence that Ethereum prices should strengthen in the months ahead given multiple catalysts,” Bitmine Chair Tom Lee said following the latest purchase on Monday (December 8).
Why is Crypto Going Up Today? Fed Rate Cuts and ETF Flows in the Green Leading to Optimism for 2026
Ripple (XRP) spot ETFs went live on November 14, and in the fifteen trading sessions since, there have been over $826 million of inflows, with every single day ending green, as more money has come into the products than left, according to CoinGlass data.
The Canary (XRPC) ETF has seen the most success thus far, with nearly 50% of total inflows, currently at $363M, with a daily high of $243M on the opening day (November 14).
Solana
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Solana
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ETFs have had a rockier start, although the last four days have finished in the green, with nearly $38M in inflows since December 4. The most successful SOL Spot ETF since going live is Bitwise’s BSOL, with over $156M in positive flows since November 21.
Ethereum and Bitcoin ETFs have remained stable due to their established nature, resulting in less volatility over the past few weeks. The strong performance of altcoin ETFs and today’s expected interest rate cut by the US Fed offer an answer to the question of ‘Why is crypto going up today?’
With an expected return to risk-on assets by investors following today’s FOMC meeting, blue-chip presale projects are gaining momentum, with Bitcoin Hyper (HYPER) solidifying its position as the must-have token as we head into 2026.
Bitcoin Hyper Closes in on $30M Raised: One of the Top ICOs in 2025 to Launch Early Next Year
As the question of ‘Why is crypto going up today?’ becomes a more regularly spoken phrase throughout the remainder of December and into 2026, no project stands to benefit from a bullish upswing across the market more than Bitcoin Hyper (HYPER).
HYPER has raised over $29.2M in ICO funding as traders flock to this Bitcoin Layer-2 project and away from lagging altcoin tokens that have been ravaged over the past few months with the relentless sell pressure across the market.
This protocol leverages the Solana Virtual Machine (SVM) to provide breakneck transaction speeds and low fees to Bitcoin Hyper L2. At the same time, all operations run on Bitcoin’s core layer, ensuring stability and security.
Although HYPER is marketed as a meme coin, the team behind it is committed to developing a comprehensive ecosystem of products for the Bitcoin mainnet, drawing on the billions of dollars of untapped liquidity from the Bitcoin maxi community.. This ecosystem will feature a variety of offerings, including DeFi, GameFi, and NFTs.
Head to the Bitcoin Hyper website to follow the whales and join the presale. You can purchase using ETH, USDT, BNB, or even a credit card.
With the public launch slated for early 2026, existing Bitcoin Hyper investors are taking advantage of the 40% APY staking rewards offered by the HYPER team.
For the latest updates on all things HYPER, join the community on Telegram and X. Time is ticking to secure one of the next cryptocurrencies to explode at presale prices before it hits major exchanges.
Visit HYPER HereEXPLORE: Best Meme Coin ICOs to Invest in 2026
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