Bitcoin jumps 8% and surpasses $91 thousand, Ethereum soars 10% and XRP rises 9%

Source: PortaldoBitcoin Original Title: Bitcoin jumps 8% and surpasses $91,000, Ethereum soars 10% and XRP rises 9% Original Link: https://portaldobitcoin.uol.com.br/bitcoin-salta-8-e-supera-us-91-mil-ethereum-dispara-10-e-tem-alta-de-9/ Bitcoin has once again surpassed $90,000 for the first time since last week and at one point seemed poised to record its largest daily gain since May.

Around 2:45 PM (Brasília time), Bitcoin was quoted at $91,587, with an increase of 7.47% in the last 24 hours, according to the cryptocurrency price aggregator CoinGecko. The best daily return for Bitcoin in 2025 was on March 2, when BTC rose by 9.52%.

The recent spike triggered the liquidation of $157 million in Bitcoin short contracts and over $312 million in cryptocurrency derivatives, according to the specialized data platform.

In the last 24 hours, the trading volume more than doubled, exceeding $92 billion, according to CoinGecko.

Ethereum and XRP also recorded strong gains. Ethereum, which is on the eve of its network upgrade, is up 10%, surpassing $3,000, which hasn't happened since Sunday. Meanwhile, XRP is up 8.68% and is trading at $2.17.

Analysts said that the cryptocurrency markets are still in a fragile state, noting that much of Bitcoin's performance at the end of the year will depend on the outcome of the Federal Open Market Committee (FOMC) meeting on December 9 and 10.

The central bank of the U.S. ended its quantitative tightening program on Monday, analysts from the Wintermute trading desk wrote in a note.

“The Fed injected $13.5 billion through overnight operations to ease liquidity tensions at the end of the year, the second largest injection since COVID-19,” they said. “While it is an injection, it is a routine tool for short-term stabilization, rather than a broader policy shift, such as the resumption of asset purchases or QE.”

It is common for cryptocurrency prices to follow the flow of assets that enter and exit ETFs (exchange-traded funds). In the last week, Bitcoin, Ethereum, and XRP ETFs recovered, adding more than $1 billion, according to a report released by the digital asset manager CoinShares.

This change in fund flows largely persisted during Monday's session, with Bitcoin ETFs remaining positive, recording net inflows of $8.5 million. Meanwhile, Ethereum ETFs experienced a slight contraction, with investors withdrawing $79 million, and Solana funds recorded redemptions of $13.5 million in shares.