AscendEX Web3 Weekly Report: The Fusaka Pivot, Macroeconomic Indecision, and the Infrastructure Supercycle

By AscendEX Dec 08,2025

1. Executive Summary As we enter the first week of December 2025, the digital asset industry finds itself in a nuanced and critical transition period. Following an extremely volatile fourth quarter—where Bitcoin (BTC) hit an All-Time High (ATH) of approximately $126,000 before retracing sharply below $90,000—the market has entered a state of characteristic "Indecision." This cooling of sentiment is not due to a single factor but is the result of a collision between macroeconomic uncertainty and

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