The cryptocurrency market slumped early last week, with Bitcoin leading the decline. The market hit 4-month lows due to macroeconomic headwinds, but bounced back on November 24th. The total market was up 8.1% and reached a market cap of 3.5t USD, sparking renewed optimism in digital assets. Institutional money flowed into spot ETFs, resulting in a net inflow (overall market), offsetting the previous week’s outflow. Whales accumulated over 56k BTC, and the long-term holder supply hit 77%.
The Extreme/Fear Index was around 11 last week and surged to 19 over the past weekend. The rise in the index was fueled by several factors, as a renown BTC investor is forecasting BTC to hit 250k USD by January 2026. The U.S. government also hinted that it may provide 522b USD in liquidity for the digital asset market, and Switzerland will integrate stablecoins into its financial markets.
The month of November is historically bullish, and the current market optimism will only build momentum and help shake off the last 3-week downturn. The market is consolidating and could be reloading for a bull run in December, which could be a good entry point for investors.
Is Bitcoin Setting Up for a Strong Year-End Finish?
Bitcoin struggled mid-week as the market leader dipped to 80k USD and lost over 4.5% over the past week. At the time of writing, BTC almost broke 89k USD but has since pulled back to around 87k USD.
The surge in price has been attributed to institutional investors who affirm BTC as the main market force, as they continue to invest primarily in ETFs.
Fidelity bought almost 100m USD on November 24th, Bitwise bought just over 1b USD, and other large whales bought 845m USD. Another interesting development is the state of New Hampshire adopting BTC bonds for integration into its government portfolio. This is a clear indication that BTC is widely accepted across all levels of investment by a range of institutional buyers.
The possibility of a Fed rate cut next month would pump BTC and the entire crypto market, setting the stage for new all-time highs across the market.
ETH Price to Take Off
Crypto market analysts have stated that, because of various indicators, Ethereum is set to skyrocket in the coming weeks. The technical factors surrounding ETH all point towards a major surge in price. In the past week, the ETH chart has formed an extremely bullish pattern with the next resistance level at 3.1k USD and support at 2.6k USD. Ethereum is currently trading at approximately 2.8k USD and is in positive territory today.
There are other fundamental factors that will be in play if ETH is to break out in the coming week. A technical upgrade is scheduled for December 3rd. The Fusaka upgrade will focus on lower (and faster) transaction costs, increased L1 scalability/security and allow L2 rollups to reduce data loads from more advanced technology.
Stablecoin volumes on ETH hit 2.81t USD last month and continue to grow, as do spot ETFs. There are clear signs of progressive ETH accumulation, catalyzing this bullish sentiment.
The coming week will determine whether this cycle continues, but the technical and fundamental momentum suggests positive conviction in Ethereum’s short-term outlook.
The upgrade and inflows suggest a breakout is imminent.
Cardano Set to Launch Zero-Knowledge Tech
The market has been very volatile in the past 4 weeks, and Cardano has suffered immensely, with its price down almost 38% in the last month and 11% in the past week.
While traders might be feeling the pain as it is trading around 0.41 USD, analysts are confident that the worst is over and ADA will bounce in the coming week due to new enhancements to their chain. The altcoin released its first mainnet ZK smart contract on November 25th, which will boost dApps and integrate with collaborating chains. The official launch is set for December 8th with an accompanying airdrop. Analysts are hyping this release and say it will increase scalability to the DeFi sector (RWA specifically) and continue to deliver superb security.
The implementation of the new ZK smart contracts will accelerate and expand the tokenization sector, which is set to be the new narrative in 2026. ADA could set off the altseason with these technological advancements, which the market has been patiently waiting for.
BNB Under Investigation
The founder of Binance, CZ (Changpeng Zhao) is currently under investigation for allegations that the BNB platform may have allowed payments to the militant Hamas group. These allegations have alerted investors, traders and regulators to the possibility that BNB might be inadvertently tied to Hamas. These claims would detrimentally affect BNB’s reputation and standing in the market.
There are the usual KYC requirements, anti-money laundering policies and counter terrorist financing that monitor any unusual trades to prevent such money transfers. If BNB is found to be complicit due to insufficient compliance guidelines, it could face large fines. This would be harmful for BNB and tarnish the crypto industry in general, and may lead to more compliance/internal controls and tighter regulations for all platforms.
BNB is currently trading at 851 USD and is down over 2% after the release of this news today.
The market is clearly reeling from extreme volatility this past week, but it appears to have subsided and is consolidating for a strong December bull run. There continues to be strong ETF momentum, huge liquidity inflows and new tech advances, pushing the digital asset market forward towards possibly new market highs.
