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The crypto market is posting a strong upswing today. Total market capitalization is up about 7.4%, reaching $3.24 trillion, with 95 of the top 100 assets in positive territory. Daily trading volume has climbed to roughly $189 billion.

 

Key Highlights

• Market cap rose 7.4% this morning (UTC).

• 95 of the top 100 and all top 10 major coins are in the green.

• Bitcoin (BTC) up 7% to $92,992; Ethereum (ETH) up 9.1% to $3,055.

• BTC’s 50-week SMA near $102,000 remains an important technical level.

• The UK has formally recognized crypto and stablecoins as legal property under new legislation.

• Market sentiment has moved out of extreme fear.

• U.S. spot ETFs saw mixed flows: +$58.5M into BTC ETFs and –$9.91M from ETH ETFs.

• Several major financial institutions have expanded access to crypto ETF products.

 

Performance Overview

 

All top 10 coins are higher today:

• BTC: +7% → $92,992

• ETH: +9.1% → $3,055

• SOL: +12.1% → $141

• DOGE: +11.3% → $0.1506

• TRX: +0.8% → $0.2801 (smallest rise)

 

Across the top 100 assets:

• 95 gained, 23 posted double-digit increases.

• Biggest gainers: Sui (SUI) +30.8% → $1.75; Chainlink (LINK) +19.6% → $14.41.

• Notable declines: LEO –4.3% → $9.42; MemeCore (M) –3.7% → $1.33.

 

Regulatory and Institutional Developments

• The United Kingdom has now legally recognized digital assets as protected property, strengthening rights related to ownership and recovery.

• Large financial firms have reopened or expanded access to Bitcoin ETFs, potentially increasing market participation.

• Major U.S. wealth platforms have begun allowing advisers to recommend Bitcoin ETF allocations.

 

Market Context

 

Analysts describe the current move as a strong rebound fueled by positive policy developments, improved institutional access, and expectations around upcoming monetary policy decisions. December rate-cut expectations are mostly priced in, with markets increasingly focused on the outlook for 2026.

 

BTC is approaching a key resistance band between $93,000–$95,000, an area last tested in April. A break above this zone could set up a move toward $98,000, then a retest of $100,000, and potentially the 50-week SMA near $102,000.

 

BTC has held above important support at $82,000 and has reclaimed the $89,000 cost basis level for ETF participants.

 

Levels to Watch

 

Bitcoin (BTC)

• Current: $92,992

• Intraday range: $86,410 → $93,928

• Weekly: +5.8%

• Targets: $98K → $100K → $102K

 

Ethereum (ETH)

• Current: $3,055

• Intraday range: $2,785 → $3,083

• Weekly: +3.8%

• Targets: $3,150 → $3,230 → $3,500

 

Market Sentiment

 

The crypto fear and greed index has risen from 16 to 22, shifting out of extreme fear. While sentiment has improved, traders remain mindful of broader macroeconomic uncertainty.

The price of bitcoin has plunged by nearly a third in recent weeks, wiping out much of the rapid gains made after the election of President Donald Trump.

 

Bitcoin has fallen almost $40,000 from its early-October peak of about $126,270, landing near $86,340 on Monday. Ethereum has dropped even more sharply, losing roughly 40% over the past month.

 

Overall, more than $1 trillion in cryptocurrency market value has evaporated during this period, according to industry analysts.

 

How Far Have Crypto Prices Fallen?

 

Trump’s election — and his self-branding as the “first crypto president” — set off a wave of enthusiasm that pushed bitcoin above $100,000 for the first time last December. After a spring slowdown, the coin surged again to record levels in October.

 

Even after the current slide, bitcoin still trades more than 25% higher than it did on Election Day last year.

 

Volatility, however, has long defined digital assets. In the past several years alone, bitcoin has repeatedly suffered declines of 60% or more, including major downturns in 2020–2022.

 

Experts note that these cycles reflect the absence of any traditional “fundamental value” anchor, meaning sentiment-driven surges are often followed by sharp reversals.

 

What’s Driving the Decline?

 

Analysts point to a combination of broader market weakness and shifting expectations around Federal Reserve policy.

 

A broader tech selloff over recent days — influenced by concerns about an AI-driven market bubble — has dragged down crypto. As major tech companies commit massive spending to data centers and AI model development, some investors remain skeptical about near-term profitability.

 

The tech-heavy Nasdaq has fallen around 4% since late October. Nvidia, a key chipmaker powering much of the AI boom, has lost roughly 10% over the same period.

 

Risk assets like tech stocks and cryptocurrencies often move together during downturns, in part because investors tend to treat them similarly in portfolios.

 

Another factor: fading expectations of additional interest-rate cuts. The Fed has lowered its benchmark rate at its past two meetings, and officials initially projected one more cut for December. But stubborn inflation has made policymakers more hesitant. Pullbacks in expected rate cuts often weigh on risk assets, crypto included.

 

What’s Next?

 

Crypto’s inherent volatility makes near-term predictions nearly impossible. What analysts agree on: more price swings are likely.

 

Bitcoin ETFs — which have grown substantially over the past year — have pulled digital assets further into mainstream finance, allowing investors to gain exposure without directly holding crypto. Still, this has not reduced volatility.

 

Roughly $4.7 billion flowed out of crypto-linked ETFs in November, though some funds tied to smaller coins such as Solana and XRP saw inflows.

 

Experts caution that despite greater institutional participation, crypto remains unpredictable.

 

The Recent Downturn in the Cryptocurrency Market

 

Over the past six weeks, the global cryptocurrency market has experienced a significant downturn, losing approximately a quarter of its value. This decline has resulted in the evaporation of about $1.2 trillion from the market capitalisation of digital assets. After enduring a prolonged winter, where cryptocurrencies seemed to be regaining strength, this sudden reversal has rattled investor sentiment. The drastic sell-off was marked by Bitcoin, which had soared to a record-breaking $126,000, only to plummet back towards the $90,000 mark. This pullback has been one of the steepest declines the digital-asset world has witnessed in recent years.

 

Impact on Major Cryptocurrencies

 

The repercussions of this decline are not limited to Bitcoin alone. Ethereum (ETH), the second-largest cryptocurrency by market cap, has also faced significant losses, dropping approximately 21% of its value over the past month. Reports indicated a sharp 12% decline in a single trading session, showcasing the volatility within the sector. Similarly, Solana (SOL), known for its rapid growth and adoption, experienced a 26% drop from its high, exacerbating losses for those in leveraged long positions.

 

Triggers Behind the Crypto Meltdown

 

The origins of this crypto downturn trace back to October 10, with a geopolitical shock stemming from an announcement by US President Donald Trump. The imposition of 100% tariffs on Chinese imports triggered a domino effect in the cryptocurrency markets, leading to the liquidation of more than $19 billion in leveraged crypto positions within hours. This announcement created an atmosphere of apprehension and uncertainty, prompting a massive outflow of investments from Bitcoin exchange-traded funds (ETFs), notably a substantial $870 million outflow in mid-November.

 

The Role of Macroeconomic Factors

 

Contributing to the cryptocurrency decline is the altering perception of US Federal Reserve policies. With fading expectations of imminent interest rate cuts, investors redirected their focus from high-volatility assets like cryptocurrencies to safer financial instruments. This broader risk aversion, in conjunction with vulnerabilities in high-growth tech stocks, intensified selling in speculative portions of the market. Consequently, significant leveraged positions in futures and margin trading added further pressure, creating a feedback loop of relentless selling.

 

The Influence of Institutional Players and ETFs

 

The emergence of institutional products, particularly spot Bitcoin ETFs, has reshaped the landscape of the cryptocurrency market. While the introduction of these products had originally supported upward momentum by driving inflows, their subsequent redemptions during the sell-off exacerbated market conditions. ETF providers, forced to sell or rebalance their holdings, added additional supply precisely when the market was already under stress.

 

Reactions and Perspectives

 

Ashish Singhal, co-founder of CoinSwitch, commented on the recent developments, noting that Bitcoin dropping below $90,000 for the first time in seven months was influenced by various factors, including uncertainty about US interest rates, negative equities sentiment, and reduced positions by large holders. Despite bearish sentiments, some market participants perceive the pullback as a potential opportunity to accumulate assets at lower prices.

 

The Impact on Retail and Institutional Investors

 

The volatility within the cryptocurrency market has disproportionally affected retail investors, particularly those engaged in leveraged trading, leading to immediate losses through forced liquidations. On the institutional side, corporate treasuries and ETF investors have witnessed significant markdowns in their portfolios due to declining values in Bitcoin and large altcoins. These outflows have diminished a key support mechanism that had upheld prices earlier, leading to concerns about prolonged selling pressure if net outflows persist.

 

Regulatory Outlook and Market Safeguards

 

Episodes of steep fluctuations like the current one tend to attract increased regulatory scrutiny. Analysts and regulatory bodies alike are calling for enhanced market safeguards, including improved liquidity measures, better disclosure practices, and stronger custody protocols. The recent volatility has prompted several jurisdictions to examine derivatives, retail leverage, and exchange resilience more closely.

 

Outlook and Strategies for Traders

 

Moving forward, the cryptocurrency market appears to be in a phase of consolidation, with Bitcoin stabilizing between $94,000 and $95,000 after recent fluctuations. This period has been driven by profit-taking among long-term holders, reduced ETF inflows, and macroeconomic uncertainties. Until a new macro catalyst or fresh institutional inflows materialize, the market may continue to trend sideways. As such, traders are advised to manage risks effectively and wait for confirmed signals before committing to new positions, emphasizing caution in times of uncertainty.

 

BTCC's Massive Black Friday Campaign: A Deep Dive into Crypto Trading Rewards

 

The financial landscape is continuously evolving with rapid technological advancements, and the cryptocurrency market is at its forefront. One of the significant players in this domain, BTCC, the world's longest-serving cryptocurrency exchange, has announced a thrilling opportunity for both seasoned traders and those new to the crypto world. This Black Friday, BTCC has unveiled a 2,000,000 USDT reward pool powered by enticing incentives, coupled with exclusive prizes from their global brand ambassador, Jaren Jackson Jr. (JJJ). The campaign, which spans from November 10 to November 30, 2025, promises a plethora of rewards and opportunities.

 

Enticing Opportunities: From Welcome Rewards to Grand Prizes

 

BTCC's Black Friday campaign offers a substantial entry point for new users eager to embark on their cryptocurrency trading journey. Newcomers can secure up to 100 USDT in welcome bonuses simply by completing their initial deposit and their first futures trade. These incentives serve as a gateway to understanding the intricacies of crypto trading, thereby lowering the entry barriers for novice investors.

 

For the seasoned traders, BTCC has set forth milestones that, when achieved, can result in significant rewards. Active participants can earn up to 3,500 USDT through strategic trading and accumulating trading volumes. The reward system is structured such that all earned rewards are stackable, allowing traders to optimize their participation for maximum benefit. This dynamic creates a competitive yet rewarding environment, encouraging traders to engage actively with the platform.

 

The Excitement Intensifies: Guaranteed-Win Bonus Lucky Draw

 

As the campaign progresses, participants accumulate points through achieving various milestones. Upon reaching 500 points, traders become eligible for BTCC's highly anticipated guaranteed-win lucky draw. Commencing on November 27, this drawing adds an additional layer of excitement, highlighting three exciting prize categories specifically tailored to enhance the trading experience.

 

Moreover, traders are encouraged to unveil a special reward during the campaign by locating the "BTCC Black Friday Hidden Bonus eGift Card" via Google. This unique feature aligns with BTCC's commitment to delivering exclusive rewards and surprises for its users, marrying the allure of the digital world with tangible rewards.

 

Strategic Alliances and Market Impact

 

The synergy between BTCC and its global brand ambassador, Memphis Grizzlies forward Jaren Jackson Jr., represents a significant intertwining of sports and cryptocurrency. Jackson's debut partnership video highlights strategic thinking both on the basketball court and in crypto markets, which has resonated powerfully, amassing over 6.7 million views in less than two months. This viral collaboration underscores growing mainstream interest in cryptocurrency trading, especially introducing sports enthusiasts to the burgeoning digital asset space.

 

A Legacy of Trust and Innovation: BTCC's Role in Crypto Markets

 

Celebrating its legacy since 2011, BTCC stands as a bastion of trust and innovation within the cryptocurrency exchange arena. As a platform committed to security, innovation, and active community building, BTCC has continuously adapted to the evolving demands of the market. This latest Black Friday campaign not only enhances BTCC's reputation but also underscores its dedication to fostering an engaging and rewarding trading environment.

 

For financial market enthusiasts eager to explore this dynamic space, BTCC offers an unparalleled opportunity to immerse in a secure and community-centric trading atmosphere. To delve deeper into the specifics of the Black Friday Flash Deal campaign, interested participants can visit BTCC's official website for comprehensive details and registration processes.