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- 🐳 Daily Edition: Crypto Bounces Hard as Bitcoin Looks to Reach $100k Again
🐳 Daily Edition: Crypto Bounces Hard as Bitcoin Looks to Reach $100k Again
The charts have turned back to green as $11T asset manager Vanguard finally allows clients to buy crypto ETFs
Beluga & Will McKinnon
December 03, 2025
Relief has arrived in the market following Monday’s carnage, taking Bitcoin back over $93k and adding $100B to the overall crypto market cap in the last 24 hours alone as Ethereum completes its second major upgrade in less than a year. Outflows from BTC and ETH ETFs have also begun to reverse, potentially due to $11T asset manager Vanguard opening its client base up to the crypto market yesterday. As opposed to most competitors who enabled crypto ETF trading early on, Vanguard held fast to their belief that digital assets were too volatile and thus incompatible with their core principles of long-term, diversified investing; seeing them flip flop (just as most other critics now have) is a major vote of confidence for the crypto industry especially in the eyes of TradFi skeptics. It’s hard to predict exactly how much capital could flow into the ETFs from Vanguard clients, but even an extremely modest percentage of their overall assets could result in billions of dollars entering the crypto market.
24 Hour Heatmap, Source: CoinMarketCao
Despite the majors faltering and the vast majority of highly anticipated new tokens this year sitting at (or in some cases, below) their TGE price, many teams are still gearing up to launch in the next few weeks. Ironically, while Monad arguably received the most hate leading up to its TGE of any coin this year it has held up surprisingly well so far… could they have broken the trend? I know I speak for most traders when I say my interest in buying tokens on TGE is at an all-time low, but with MegaETH and the Solana Mobile token launching in January as well as the possibility of both Polymarket and Base coming soon, we could be in for some long-awaited good launches. Stay tuned to the Beluga Brief to make sure you get the inside scoop on those!
The Beluga intern has been hard at work gathering all the most important crypto news stories so you have them in one place!
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