Bitcoin price hits two-week high as sentiment remains fragile

The largest cryptocurrency rose as much as 2.5% intraday to about $93,900, its highest level since November 17. Ether and several large‑cap tokens also advanced. The move comes after a drawdown that began in early October, shortly after Bitcoin set a record above $126,000; by late November, more than $1 trillion had been erased from digital‑asset market value.

“Topside interest remains thin,” said Sean McNulty, APAC derivatives trading lead at FalconX. “Sentiment is still fragile.” A gauge of demand from traditional channels offered only a tentative signal: U.S. spot Bitcoin exchange‑traded funds took in roughly $59 million on Tuesday, according to Bloomberg‑compiled data — a small net inflow after several days of redemptions.

Volatility stayed elevated to start the week. On Monday, prices slid after Strategy Inc. Chief Executive Phong Le said the company — a major corporate holder of Bitcoin — could sell tokens if needed to fund obligations when valuation metrics tighten. Strategy, formerly MicroStrategy, later outlined a $1.4 billion cash reserve to cover dividends and interest, a step intended to reduce the likelihood of selling coins into weakness.

By Tuesday, dip‑buying and incremental headlines helped stabilize the tape. Traders pointed to Securities and Exchange Commission Chairman Paul Atkins’ plan to detail an “innovation exemption” for certain digital‑asset activities, alongside Vanguard Group’s decision to permit trading of cryptocurrency‑focused ETFs and mutual funds on its platform. Liquidations reflected the turn: Coinglass data showed about $400 million in bearish positions across tokens wiped out over the past 24 hours.

“This rebound is actually just a relief rally,” said Melvin Deng, chief executive of QCP Group, in a Bloomberg TV interview. Even so, he said Bitcoin could “reclaim some momentum” from here, calling current levels a place for under‑deployed investors to consider staged entries.

Near‑term, desks are watching ETF flow persistence, funding and options skew, and the path of U.S. rates into the Federal Reserve’s December meeting. With bid depth still rebuilding and macro signals mixed, traders say the burden of proof remains on bulls to convert a bounce into a durable uptrend.

As GNcrypto wrote previously, on Dec. 2, 2025 Vanguard eased its long‑standing stance by opening brokerage access to approved crypto ETFs and mutual funds. The firm is not launching its own products; clients can trade only vehicles that meet regulatory thresholds, including funds tied to Bitcoin, Ether, XRP and Solana. The shift followed leadership changes under CEO Salim Ramji and persistent client demand, with Vanguard framing the move as expanding tools within guardrails rather than a brand pivot to crypto.