Bitcoin Price Dances with $94,000 as Institutional Demand Fuels a Bullish Setup

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.

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.

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.

XRP is experiencing renewed strength as traders analyze charts for a potential rally towards the $2.30 to $2.50 range, with speculation that Bitcoin's short-term performance may significantly influence this movement. Recent data shows XRP's price has stabilized around the critical $2 mark, which is pivotal for its future trajectory.

Bitcoin experienced its strongest trading day since May, with significant buy-side flows and a positive shift in investor sentiment, suggesting a potential rally that could push prices above $100,000. The Coinbase premium has also turned positive, indicating renewed demand in the market.

Bitcoin exchange-traded funds (ETFs) have regained momentum as Solana ETFs demonstrate stronger performance compared to Ether, reflecting a shift in investor interest within the cryptocurrency market. This resurgence comes after a period of volatility, with Bitcoin stabilizing around $86,000 and showing modest gains as December begins.

BlackRock CEO Larry Fink has publicly acknowledged a significant shift in his perspective on Bitcoin, transitioning from a critic to viewing it as a potential hedge and valuable portfolio asset. This change comes as BlackRock expands its involvement in cryptocurrency and asset tokenization, indicating a broader acceptance of digital assets within traditional finance.