Another eventful week in cryptocurrencies, with several developments shaping market sentiment all across the board.
While we’ve seen mostly bearish news over the past weeks, this week offered a mix of signals that suggest the tide may be shifting. Institutional demand continued to be strong on the last days of November, while macro is beginning to show signs of easing pressure.
From November 23-30, Bitcoin was able to gain some momentum after a month and a half of selling pressure. The currency reached a weekly high of $92,766 according to CoinMarketCap, and is currently trading at 91,097 — sitting on a 3.8% increase over the last seven days.
Institutional adoption, monetary ease bets, and renewed optimism around regulatory clarity can explain why digital assets were able to stop the bleeding this week.
Institutional News of the Week
Altcoins like Ethereum were back to being a catalyst for institutional demand, signaling that investors were once again open to crypto exposure beyond Bitcoin. A total of five cryptocurrency ETFs launched this week, including the much-awaited Grayscale’s XRP and Dogecoin ETFs. Investors can expect dozens of new crypto ETF launches in the coming months, including a new BNB financial vehicle.
Metaplanet is proving it’ll remain strong on its Bitcoin-acquisition strategy — securing another multi-million-dollar loan, backed with its own BTC reserve. Meanwhile, one of the largest financial institutions in the world, JPMorgan, is offering indirect Bitcoin exposure to its clients.
Macro in Focus
The last round of data reports of the year is certainly one of the most eventful and anticipated ahead of the final FOMC meeting in 2025. Sentiment regarding interest rate cuts on December 10 has shifted from cautious skepticism to growing conviction in a matter of weeks.
Inflation data finally began to come out after a 43-day halt in Government operations. This week, investors got to take a look at the PPI inflation of September, showing that wholesale inflation rose more slowly than expected.
Amid growing conviction that the Fed will cut interest rates by 0.25% on December 10, notable figures in the market are already sharing their expectations for how such a move could ripple across risk assets. As interest rate cut odds surge past 80%, influential investors like Tom Lee suggest that Bitcoin may go on another rally to price discovery before the year’s end.
The State of Texas took a major step forward in government crypto exposure, as the State allocated $5 million into BlackRock’s Bitcoin ETF, IBIT.
Meanwhile, across the entire world, Australia is creating a unified regulatory framework for crypto platforms. Instead of having different rules for exchanges vs. custodians vs. staking platforms, they’re putting them all under one system.
While we’re still months away from the end of Jerome Powell’s term, speculations about who the next Federal Reserve Chair may be are already heating up across markets.
As we spoke here, December will be a critical month for the cryptocurrency market, with several developments like a potential rate cut and the end of quantitative tightening potentially reshaping liquidity conditions in ways that could reverberate across digital assets in 2026.
