12/5/25

Bitcoin Destroys $480M in Shorts as Ethereum Costs Collapse and the UK Legalizes Crypto as Personal Property

In one of the most important 24-hour windows of the year, Bitcoin liquidated nearly $480,000,000 in short positions, Ethereum became eight times cheaper to use after the Fusaka hard fork, and the United Kingdom officially recognized crypto as personal property — reshaping custody and inheritance laws across the region.

Ethereum ETFs saw $140M in inflows, outpacing Bitcoin.

Solana jumped to $142, XRP trades at $0.62, and institutional adoption just accelerated with moves from Bank of America, Vanguard, BlackRock, and Fidelity.

The market is shifting fast — December is loading.

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🔥 Bitcoin Breaks $93K as Europol Seizes $25M BTC | Ethereum Fusaka Upgrade Ignites a $3.27T Market Surge