Bitcoin’s strongest trading day since May cues possible rally to $107K

Vanguard's recent policy reversal to allow spot ETFs for Bitcoin, Ethereum, XRP, and Solana has catalyzed a significant +6% rally in Bitcoin prices on December 2-3, 2025. This shift marks a departure from Vanguard's historically conservative stance in traditional finance, indicating a newfound openness to cryptocurrency investments.

Coinbase CEO Brian Armstrong announced collaborations with major U.S. banks to explore stablecoin and crypto trading initiatives during the New York Times Dealbook Summit. This partnership aims to pilot various solutions, including custody and trading options, as the financial landscape evolves towards digital assets.

Larry Fink, CEO of BlackRock, recently described Bitcoin as an 'asset of fear' during a discussion with Coinbase CEO Brian Armstrong, indicating a shift in BlackRock's perspective on cryptocurrency over the past eight years. This statement reflects a cautious approach towards digital assets amid ongoing market volatility.

Strategy's monthly Bitcoin purchases have significantly decreased in the latter half of 2025, coinciding with a downturn in the crypto treasury market. This decline reflects broader market instability, as Bitcoin's value has plummeted, impacting investor confidence.

Analysts from Cryptoquant have identified a significant structural shift in Strategy's Bitcoin accumulation plans, indicating a change in approach as the company adapts to current market conditions. This shift comes amid fluctuating Bitcoin prices and broader market instability.

At the DealBook Summit, BlackRock CEO Larry Fink acknowledged the utility of Bitcoin, while Coinbase CEO Brian Armstrong revealed that the exchange is conducting pilots with major U.S. banks to explore stablecoin and crypto-trading capabilities.

Bitcoin's price is currently hovering around $93,117, nearing the $94,000 mark, driven by strong institutional demand and a significant trading volume of $81 billion in the last 24 hours. This bullish setup follows a recovery from a recent dip, indicating renewed investor confidence in the cryptocurrency market.

Bitcoin's price is currently hovering around $90,000, which aligns closely with production costs, indicating a tightening bull/bear line. This situation arises as Bitcoin's network valuation models suggest that the cryptocurrency is near its fair value, reflecting a critical juncture in its market dynamics.