On December 2, 2025, major stock indexes ended higher, driven by a rebound in technology and cryptocurrency-related shares. Bitcoin surged 4.9% to $90,658.57 after a more than 5% drop the previous day, while Ethereum approached $3,000. This recovery followed a period of steep losses amid investor caution toward risk assets.
Stocks closed higher on Tuesday, December 2, 2025, marking a rebound after the three major equities indexes concluded their five consecutive winning sessions the day before. The gains were led by shares in cryptocurrency and blockchain-related firms, which jumped early in the session as bitcoin and ethereum bounced back from recent declines.
Bitcoin, the world's largest cryptocurrency, had fallen more than 5% on Monday, extending steep losses as investors shunned risk assets. It recovered 4.9% to $90,658.57 on Tuesday, reclaiming the $90,000 psychological level after bottoming near $80,500 on Friday, November 21. The cryptocurrency had hit a new record of $126,400 in mid-October, but a dark weekly closure triggered a flash-crash, followed by a temporary recovery and a progressive selloff through the end of November. Low trading volumes have become the norm in this market, scarred by elevated valuations and extreme positioning that led to liquidations.
Ethereum similarly rebounded, hanging around $3,000 after struggling to close above that mark. The recovery prompted questions about whether it represents a dead cat bounce or the start of dip-buying opportunities. For bitcoin, support levels include $90,000 to $93,000 and $85,000, with resistance at $98,000 to $100,000. Ethereum faces key support at $2,500 to $2,700 and resistance near $3,500. Analysts noted that market sentiment remains weak, but the daily session showed strength, with some mid-day profit-taking.
The bounce occurred amid reduced selling flows, potentially signaling formed bottoms, though a weekly close above $100,000 for bitcoin would be needed for bullish momentum. Ethereum and Solana also showed signs of life, with Solana testing $140 after breaking a week's descending price action.
