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  • Crypto market mixed as Bitcoin tests $93K, Ethereum and XRP hit major resistance

    Crypto market mixed as Bitcoin tests $93K, Ethereum and XRP hit major resistance

    Bitcoin Price Bearish

    • Bitcoin price rose to near $93,000 on Friday before sell-off pressure resumed.
    • Ethereum and XRP also climbed but faced key hurdles around $3,000 and $2.25.
    • Sentiment remains downbeat across the crypto market despite notable gains for a few top altcoins.

    The cryptocurrency market continued to witness a mixed outing on Friday, with Bitcoin retesting the $92,500 mark while Ethereum and XRP both broke to key resistance areas.

    While gains indicated renewed investor optimism amid broader economic uncertainties, the swift retreat to below $91k for BTC highlights the fragile market sentiment.

    Also, while Sky, Monero and Bitcoin Cash gained, Zcash, Dash and Aptos led the top losers in the leading 100 coins by market cap.

    Bitcoin breaks to highs near $93k

    Bitcoin’s price marked a decisive breach of the $92,500 resistance level by rising to near $93,000.

    On Friday, the benchmark asset hit highs of $92,969 across major exchanges. However, the level has proved a robust barrier that means the quest to break higher towards the psychological $100 mark continues to evade bulls.

    QCP Group analysts shared the short-term Bitcoin price outlook via an X post. They see mid-$90k levels as key supply wall zones, while major support remains in the $82k-$80k area.

    “Options markets show caution even as year-end BTC call open interest stays heavy. Skew, IV and sentiment have softened, reinforcing a rangebound profile. Supply likely caps moves toward mid-90Ks, while support sits near 80–82K, leaving macro catalysts firmly in control of direction.”

    Despite the dip to below $91k as of writing, BTC’s gains earlier in the day allowed layer-1 and layer-2 solutions on the Bitcoin network to post gains.

    As noted, BounceBit and Stacks were among the Bitcoin ecosystem tokens to see an uptick.

    But as prices have dipped again, rather than bounce higher, this latest move could be a dead cat bounce.

    ETH and XRP face resistance

    Like Bitcoin, Ethereum has struggled to sustain momentum. Recently, the top altcoin fell to lows of $2,600 after closing above $4,000 in late October. The breach of the $3,000 level threatened more pain for bulls.

    However, after testing the demand reload zone, the ETH price has jumped back to the resistance area above $3,000.

    That’s despite a 25% dip over the past month.

    While prices are nearly 9% up in the past week, ETH’s inability to break higher reflects broader altcoin fatigue. Bitcoin’s drop to $90,504 at the time of writing suggests a potential downward cascade for ETH.

    XRP has fared similarly, trading at $2.18 amid a 1.4% dip in the past 24 hours.

    The token faces formidable overhead resistance at $2.25 and at $2.50. Per market data, the latter marks a level at which bulls have struggled since the crash on Oct. 10,2025.

    The launch of spot XRP ETFs in recent days has failed to help bulls break higher.

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  • ADA price forecast: Cardano proposes a 70 million budget for key upgrades

    ADA price forecast: Cardano proposes a 70 million budget for key upgrades

    ADA price action

    • Core organizations have submitted a 70 million ADA tokens budget proposal.
    • The goal is to fund key ecosystem integrations ahead of 2026
    • ADA remains poised for remarkable breakouts despite short-term bearishness.

    Cardano’s major organization has proposed a new budget, calling for 70 million ADA tokens in Treasury funding to supercharge delayed ecosystem upgrades and integration.

    Announced yesterday, November 27, the proposal outlines a strategic plan to introduce innovative infrastructure needed for institutional access, cross-chain connectivity, and stablecoins.

    Named the Cardano Critical Integrations Budget, the plan received endorsement from key ecosystem organizations, including the Cardano Foundations, EMURGO, Input Output, the Midnight Foundation, and Intersect.

    That reflects a unified approach to equip the ADA network with what it needs to thrive in the coming times.

    The official blog highlighted:

    Cardano needs a set of core infrastructure layers to unlock stablecoins, attract deeper liquidity, support institutional participation, and expand the possibilities for DeFi, RWAs, and DePIN. These integrations cannot be delivered in isolation. They require a shared, ecosystem-wide commitment that brings the right partners to Cardano in a structured and accountable way.

    Trader attention remains on the ADA price amidst these developments. Are the coordinated efforts the catalyst that propels this altcoin to its predicted peaks?

    Why is this budget crucial?

    Cardano’s team is among the most active in the blockchain sector. Meanwhile, the project’s next growth phase now relies on mission or partially developed components.

    They include functionalities like enterprise-level custody and wallets, pricing oracles, advanced stablecoin infrastructure, and cross-chain bridges.

    The Cardano blockchain has struggled to unlock crucial utility without these elements.

    For instance, stablecoins are essential for DeFi liquidity and day-to-day on-chain transactions.

    Cross-chain support allows users to move tokens across the platform easily.

    Moreover, institutional-grade analytics and custody are crucial for risk management and compliant offerings.

    Indeed, Cardano’s long-term potential requires coordinated efforts to unleash.

    Therefore, core organizations have been negotiating with top-notch integration partners recently, and their conversations have reached a mature phase, inviting the community to participate in the next steps.

    ADA price outlook

    Cardano is trading at $0.4311 after gaining more than 6% the last seven days.

    The token remained relatively muted the past day, losing a mere 0.08% of its value.

    Meanwhile, the 20% slump in 24-hour trading volume signals prevailing selling pressure.

    Robust developer activity, especially with the 70 million ADA budget approved, and broad-based recoveries could trigger massive breakouts for ADA.

    However, buyers should overcome key resistance at $0.45 and $0.70 and reclaim the psychological level at $1 to shift Cardano’s short-term outlook to bullish.

    Surpassing $1.50 would confirm solid reversals and clear the path for higher targets.

    ADA can skyrocket to $2 and extend toward $2.20. That would mean a more than 400% rally from the current market price.

    On the other hand, continued selling pressure could trigger a roughly 40% decline to the support barrier at $0.25.

    A breakdown here would erase all bullish momentum and drag ADA prices to the historical foothold at around $0.18.

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  • Texas buys $5mn BTC ETF, pushes for Bitcoin reserve plan

    Texas buys $5mn BTC ETF, pushes for Bitcoin reserve plan

    Texas pushes crypto strategy with new Bitcoin reserve plan

    • The state legislation sets aside $10 million for Bitcoin accumulation.
    • Texas is preparing a formal tender to choose a custodian for the reserve.
    • New Hampshire authorised a Bitcoin reserve and approved a $100 million Bitcoin bond.

    Texas is moving ahead with one of the most ambitious state-level crypto strategies in the country as it begins shaping the framework for a government Bitcoin reserve.

    The state has now taken its first formal step by acquiring $5 million in shares of BlackRock’s iShares Bitcoin Trust.

    The purchase is part of a wider plan triggered by legislation passed earlier this year, which allocated $10 million for future Bitcoin accumulation.

    The early activity positions Texas to become the first US state to hold a dedicated cryptocurrency reserve, giving it a lead in a growing competition among states exploring digital asset policies.

    Texas builds foundation for Bitcoin reserve

    The state has been gathering information from the cryptocurrency industry to help design how its reserve will operate.

    The review began after Texas issued a request for information in September seeking guidance on best practices for storage, security, and management.

    Industry groups sent detailed submissions covering custody models, investment structures, governance frameworks, and security systems.

    The process is part of a wider effort to ensure the reserve can be managed with clear procedures once it transitions from planning to execution.

    Texas officials are expected to follow this phase with a formal request for proposal.

    The tender will be used to select a custodian and determine the final operational rules for the programme.

    The recent $5 million allocation acts as a temporary measure rather than direct Bitcoin ownership while the state completes its selection process, according to a CoinDesk report.

    States explore government crypto strategies

    Other states have also gained exposure to Bitcoin, though through different channels.

    Michigan and Wisconsin accessed cryptocurrency markets through public-employee retirement funds.

    Wisconsin sold a $350 million allocation in May, according to public records.

    These moves reflect growing institutional interest at the state level, even in cases where governments have not yet adopted dedicated reserves.

    Several states are actively studying the idea of holding Bitcoin for strategic purposes.

    New Hampshire has authorised the creation of a government Bitcoin reserve, although it has not yet made any purchases.

    Last week, the New Hampshire Business Finance Authority approved a $100 million Bitcoin bond designed to support an economic development fund backed by cryptocurrency.

    The structure relies on private sector activity rather than direct state accumulation.

    Early development continues nationwide

    Arizona is also taking steps toward a government-level reserve.

    Its legislation directs unclaimed cryptocurrency assets held by the state into a dedicated reserve.

    The plan creates an initial legal foundation that could support future accumulation, although the full reserve framework is still in development.

    These early efforts reflect a rising interest among states in integrating digital assets into long-term financial planning.

    The state-level activity is unfolding alongside federal discussions.

    President Donald Trump has publicly supported the idea of a national Bitcoin investment strategy.

    The administration has issued an executive order directing officials to begin planning for a federal reserve structure.

    Government teams working on the project are now waiting for congressional approval before advancing to the next stage.

    Texas sets the pace in state crypto adoption

    Texas remains the most advanced of the state-level initiatives due to its legislative backing and its first confirmed investment.

    The move signals a shift from exploratory interest to practical implementation, with a structured plan for selecting custodians and defining reserve operations.

    The next steps will determine how the state transitions from temporary allocations to direct Bitcoin ownership once contracts and governance systems are finalised.

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  • Monad (MON) soars 76% as mainnet launch sparks $1.2B trading surge

    Monad (MON) soars 76% as mainnet launch sparks $1.2B trading surge

    Monad price rose to above $0,045 to see MON ranked among top gainers with a 76% spike amid $1.2 billion volume

    • Monad pumped more than 76% in 24 hours to touch a high of $0.045.
    • The layer-1 blockchain’s mainnet went live this week and has an ambitious roadmap for DeFi.
    • MON is listed on top exchanges, including Coinbase and Upbit.

    Monad price has skyrocketed 76% in the past 24 hours, extending gains after the highly anticipated mainnet launch that occurred on November 24, 2025.

    The MON token’s gains saw the cryptocurrency rank among top gainers in the market, with its trading volume having exploded to $1.2 billion to reflect speculative enthusiasm.

    The Layer-1 blockchain platform’s launch brings momentum, such as lending protocols, yield products, and liquid staking products. The memecoin frenzy is another segment to watch.

    Monad pumps 76% amid $1.2 billion volume

    Monad flipped the switch on its public mainnet on Monday, unlocking a cascade of decentralized applications and liquidity pools.

    The token rose sharply, with intraday lows of $0.025 and highs of $0.045. MON price has jumped more than 106% since touching lows of $0.020.

    Per data on CoinMarketCap, a more than 600% spike in daily volume pushed the metric to over $1.2 billion.

    This sees the token rank as one of the biggest movers in terms of market activity on the day. In fact, the pump has seen Monad price outpace many top coins, including Kaspa, Sui, and Ethena.

    Why is Monad price up?

    As noted, what is likely fueling the momentum is Monad’s mainnet launch and DeFi potential.

    In a post on X, the L1 outlined what it sees as a roadmap towards seamless integrations for DeFi growth.

    Lending protocols like Curvance and TownSquare enable users to leverage MON, liquid staking tokens (LSTs), and stablecoins with high loan-to-value ratios and automated looping strategies.

    Yield products such as the MON Vault and the earnAUSD Vault from Upshift offer composable, hands-off returns on stablecoins.

    Meanwhile, liquid staking options further amplify utility, allowing stakers to earn rewards while deploying LSTs in DeFi.

    Monad is also up amid major exchange listings. Market observers attribute the volume spike to this, with speculative fervor and early ecosystem incentives key.

    Among the top centralized exchanges to list MON are Coinbase, Upbit, Bithumb, Kraken, KuCoin, and Bybit.

    MON price forecast

    Despite the potential for profit-taking, there’s a possibility for the token to climb further.

    As well as listings, other bullish catalysts will include ecosystem grants and partnerships. If Monad mirrors growth for projects such as Solana, Hyperliquid, and others, the token’s growth trajectory will tell in immediate gains.

    However, bearish risks are there. It includes the aforementioned profit-taking and regulatory scrutiny.

    If bulls take charge, a breakout above $0.1 could bring the coveted $1 into play. On the flipside, a retreat to lows of $0.25 will embolden sellers.

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  • FUSE token regains momentum after SEC issues no-action letter to the Solana DePIN project

    FUSE token regains momentum after SEC issues no-action letter to the Solana DePIN project

    SEC issues no-action letter to FUSE token

    • SEC clears FUSE token as a non-security, providing regulatory clarity.
    • FUSE token rewards network participation and green energy actions, not profits.
    • Market shows renewed momentum, boosting FUSE token price outlook.

    The US Securities and Exchange Commission (SEC) issued a no-action letter to Fuse, a Solana-based decentralised physical infrastructure network (DePIN) project, providing the token with rare regulatory clarity.

    This development has sparked optimism on the FUSE token’s potential, highlighting its utility-driven design and positioning it as a notable example of how blockchain projects can navigate US securities regulations.

    SEC clears Fuse

    Fuse Crypto submitted a formal request to the SEC’s Division of Corporation Finance on November 19, seeking confirmation that it could continue offering its FUSE token without triggering enforcement action.

    In its response, the SEC confirmed it would not recommend enforcement, based on the specific facts and circumstances described by Fuse.

    This no-action letter, while conditional, marks a significant milestone for the project, as such regulatory guidance is rare in the crypto space.

    Notably, the SEC decision signals a shift under Paul Atkins’ leadership toward a more practical and balanced approach to token oversight, contrasting with the more stringent policies of previous administrations.

    Unlike speculative tokens, the FUSE token is designed for participation and network utility.

    It functions as a reward for users maintaining Fuse’s distributed infrastructure rather than as an investment vehicle.

    Holders earn tokens through active engagement, such as contributing to the network’s Solana-based operations, installing solar panels, or using electric vehicle chargers.

    By linking token rewards to tangible, energy-focused activities, Fuse has structured FUSE as a consumptive asset that aligns with regulatory expectations, reducing the risk of it being classified as a security under US law.

    Utility-driven token model

    The SEC highlighted that FUSE token holders do not expect profits from Fuse’s managerial efforts, and the token does not grant ownership, dividends, or voting rights.

    This utility-driven framework allows participants to redeem tokens for benefits such as energy bill discounts, priority access to home electrification upgrades, or carbon-offset programs.

    By emphasising real-world use cases and sustainable energy participation, Fuse has created a model where blockchain technology directly incentivises environmentally conscious behaviour.

    The token’s scalability ensures it can grow alongside the project’s broader green energy initiatives, reinforcing its role as a functional, consumptive asset rather than a speculative instrument.

    The approval has resonated across the DePIN sector, a space valued at over $24 billion, as it provides a blueprint for other infrastructure-driven blockchain projects.

    Fuse’s approach demonstrates how decentralised networks can effectively integrate tokenised rewards with practical utility, offering both financial and environmental value to participants.

    Market impact and FUSE token price outlook

    Following the announcement, the FUSE token has shown signs of regaining momentum in trading markets.

    Current figures indicate that the token trades around $0.0077, with a market capitalisation of approximately $2.4 million and total value locked exceeding $68 million.

    Over the past year, the token experienced a significant decline from its all-time high of $2.13 in January 2022, but the SEC’s no-action letter has injected renewed confidence among investors.

    Looking ahead, Fuse’s strengthened regulatory position, combined with its utility-oriented model, could positively influence the FUSE token price outlook over the medium term.

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  • Strategy ramps up capital mix shift as Bitcoin-focused funding model expands

    Strategy ramps up capital mix shift as Bitcoin-focused funding model expands

    Strategy ramps up capital mix shift as Bitcoin-focused funding model expands

    • The company used common equity, preferred equity, and convertible debt this year.
    • Preferred equity became a major part of the 2025 structure.
    • Structured offerings included STRF, STRC, STRE, STRK, and STRD.

    Strategy has entered 2025 with a funding approach that looks markedly different from its previous cycle, using a wider mix of securities to accelerate its capital inflows.

    The company confirmed that it has raised $20.8 billion year-to-date in 2025.

    The pace brings Strategy close to its entire 2024 total despite being recorded within a shorter period.

    The latest breakdown signals how the firm’s financing activity is now tightly linked to its position in the corporate Bitcoin market, where it remains one of the largest holders globally.

    New mix

    Company data showed that Strategy raised $20.8 billion so far this year through a combination of common equity, preferred equity, and convertible debt.

    The largest component was $11.9 billion in common equity, followed by $6.9 billion in preferred equity and $2.0 billion in convertible debt.

    The preferred equity portion marks a notable shift for Strategy.

    In 2024, the company relied on common equity and convertible debt, raising $16.3 billion and $6.2 billion, respectively.

    The absence of preferred equity at scale in the previous cycle makes the new mix stand out as a structural change rather than a one-off adjustment.

    The company also detailed activity across structured offerings.

    These included $1.18 billion in STRF, $2.68 billion in STRC, $0.71 billion in STRE, $1.25 billion in STRK, and $1.07 billion in STRD.

    Each of these securities contributed to the overall capital formation that pushed the year’s total to $21 billion.

    Capital strategy

    The broader mix in 2025 indicates that Strategy is increasing its reliance on varied securities to support its plans linked to digital assets.

    Previous company statements have described Bitcoin as a treasury reserve asset, and the firm continues to align its fundraising operations with this approach.

    Industry tracking data shows that Strategy holds one of the largest corporate Bitcoin positions worldwide.

    This has drawn institutional participation into its offerings, as noted by the company.

    The expansion of preferred equity and the continued use of convertible debt point to a funding structure designed to maintain access to capital while supporting the company’s cryptocurrency allocation strategy.

    Although the company did not reference specific future goals in the latest update, the steady pace of fundraising and the widened mix suggest a model that can scale alongside digital asset accumulation.

    The company’s method offers flexibility in market conditions, allowing it to tap investors through different instruments depending on demand.

    Momentum

    Figures showed that Strategy’s 2025 capital raising is approaching its 2024 total of $22.6 billion.

    The rapid accumulation implies that if the current level continues, Strategy may exceed last year’s amount by year-end.

    The pace adds further weight to the shift in how the firm uses capital markets to manage its treasury positioning and broader financial structure.

    Investors have continued to participate across the company’s offerings as Strategy builds on its role in the Bitcoin market.

    With the capital raised this year coming from a wider range of instruments, the company has positioned itself to keep drawing institutional demand while supporting its ongoing cryptocurrency acquisition strategy.

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  • Aerodrome Finance locks 609K AERO tokens in strategic buyback

    Aerodrome Finance locks 609K AERO tokens in strategic buyback

    Aerodrome Finance locks 609K AERO tokens in a strategic buyback

    • The project confirmed acquiring and locking 609,000 tokens today.
    • Its total buyback for November surpasses 3 million AERO.
    • The altcoin’s performance mirrors broader market downsides.

    While uncertainty engulfed the overall crypto landscape, Aerodrome Finance has showcased its dedication to supporting and strengthening its native AERO.

    The project has taken it to X to announce a significant buyback of 609,000 AERO tokens.

    Meanwhile, this repurchase is part of Aerodrome’s programmatic strategy to react to fluctuating market conditions without compromising the altcoin’s tokenomics.

    Aerodrome has completed buybacks of more than 3 million AERO this month, reflecting the team’s commitment to boosting investor confidence and token stability. The official X post read:

    The Aerodrome Public Goods Fund has acquired and locked 609K AERO as part of its programmatic market-aware buyback, bringing total buybacks this month to 3M+.

    Notably, the project’s Public Goods Fund oversees AERO’s buybacks and has been monitoring the alt’s performance while strategically accumulating and locking native assets to reduce supply and potentially boost demand.

    Such an approach remains crucial to stabilize price actions and ensure investor confidence as digital assets see increased fluctuations.

    Inside Aerodrome’s buybacks, so far

    The latest purchase brings total buybacks for November to over 3 million AERO coins, reflecting a significant step toward strengthening the asset’s market status.

    Moreover, the Public Goods Fund has accumulated and locked over 150 million tokens since its debut, leveraging initiatives like Relay programs, Flight School, and the PGF itself.

    These programs aim to reduce supply pressure on AERO while rewarding loyal holders.

    The predictable supply reduction guarantees a resilient ecosystem even during heightened volatility.

    Market players often interpret such buybacks as an indicator of the team’s confidence in the project.

    Aerodrome hits fresh volume milestone

    The project followed the buyback announcement with another post reflecting impressive user activity.

    Notably, Aerodrome has topped $200 billion in trading volume this year – an approximately three-times increase year-to-date.

    Such a volume demonstrates Aerodrome’s rapid growth and increasing influence in the blockchain sector.

    With strategic buybacks and ecosystem initiatives, Aerodrome is establishing itself as a serious player within the DeFi space.

    Understanding Aerodrome Finance

    Aerodrome Finance is a decentralized exchange and automated market maker (AMM) that serves as the primary liquidity on Coinbase’s Base project.

    It facilitates streamlined token swaps by ensuring adequate liquidity.

    AERO price outlook

    Native AERO saw a brief rebound following the latest updates.

    The cryptocurrency is trading at $0.7070, with a slight 1.47% uptick on the daily chart.

    The surging trading volume reflects revived interest in the AMM.

    Nevertheless, AERO has underperformed in recent sessions as sellers dominated the crypto landscape.

    It lost nearly 25% of its value in the last 30 days.

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  • Bitcoin under pressure as ETF outflows and margin liquidations drive sharp selloff

    Bitcoin under pressure as ETF outflows and margin liquidations drive sharp selloff

    Bitcoin under pressure

    • Bitcoin ETF outflows and shrinking liquidity intensified the recent BTC price decline.
    • Margin liquidations accelerated the selloff as key support levels broke.
    • Correlation with tech stocks added pressure amid broader risk-off sentiment.

    Bitcoin price has come under intense pressure in recent weeks, with the market enduring a deep pullback fueled by weakening demand, heavy ETF outflows, and a wave of forced liquidations.

    The downturn has erased months of gains and pushed traders to question whether the latest slide marks a temporary setback or the start of a deeper cycle reset.

    ETF outflows add fuel to the decline

    Bitcoin’s slide has been sharp and persistent since its early October peak above $126,000.

    Since the October peak, the cryptocurrency has shed almost $800 billion in value, sinking to levels last seen in the spring.

    ETFs, once a stabilising force for Bitcoin (BTC), are now driving additional weakness.

    BlackRock’s IBIT ETF, which previously absorbed sell-offs, has posted its largest monthly redemption on record, with $520 million leaving the fund.

    This reversal marks a shift in institutional sentiment and has become a major source of downward pressure.

    A recent NYDIG research highlights how ETF outflows, shrinking stablecoin supplies, and changing corporate treasury strategies are eroding the demand engine that supported Bitcoin earlier this year.

    Greg Cipolaro of NYDIG describes the current cycle as a “negative feedback loop,” in which factors that once boosted the market are now accelerating the downturn.

    This shift has placed Bitcoin under sustained selling pressure at a time when broader risk appetite is also weakening.

    A key part of this shift can be seen in the stablecoin market, where supplies have declined for the first time in months, with some tokens losing significant value after liquidation events.

    In addition, digital asset treasuries, once active Bitcoin buyers, are pulling back as they reduce liabilities through asset sales or share buybacks.

    These moves have contributed to a steady drain of liquidity across the crypto sector.

    Bitcoin price outlook

    From a technical standpoint, Bitcoin has plunged into oversold territory and printed a hammer candle, hinting at a potential swing low.

    Eyes are now on $88,500, which capped rallies earlier in the year and briefly halted last week’s selloff.

    A sustained break above it could create conditions for a short-term recovery, with targets near $94,000 and $95,000.

    However, that setup faces stiff resistance from broader market sentiment.

    Bitcoin’s tight relationship with risk assets adds another layer of complexity.

    The correlation between Bitcoin and Nasdaq 100 futures has climbed to unusually high levels, reaching near 0.96.

    When tech stocks fall, Bitcoin tends to follow, and recent turbulence tied to concerns over an AI bubble has weighed heavily on both markets.

    Bitcoin dominance has also slipped to multi-month lows, signalling that capital is drifting away from BTC and into either safer assets or high-risk alternatives.

    The market is also seeing increased volatility from margin liquidations.

    Leveraged positions, especially in perpetual futures, have magnified the recent moves.

    As Bitcoin fell below $87,000, more than $900 million in positions were wiped out, with longs taking most of the damage.

    Notably, liquidation cascades have become a recurring theme, deepening each leg lower.

    Furthermore, oscillating indicators, including the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), remain bearish, hinting that previous bounces have been sold into quickly.

    Bitcoin price analysis
    Bitcoin price analysis | Source: TradingView

    A drop below recent lows could open the door to a retest of the $76,000 region, where Bitcoin (BTC) stabilised during an earlier market shock linked to tariff fears.

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  • OKB price dips 20% as OKB Boost contract glitch drains entire reward pool

    OKB price dips 20% as OKB Boost contract glitch drains entire reward pool

    OKB price dips 20% as OKB Boost contract glitch drains an entire reward pool

    • The malfunction allowed 32 wallets to claim 623M PYBOBO within 4 seconds.
    • The event emptied nearly all the 625M reward pool almost instantly.
    • The glitch coincides with OKB’s price underperformance.

    The virtual currency sector recorded another sell-off on Friday as Bitcoin lost 10% in the past 24 hours to press time’s $81,865.

    The global crypto market cap stands at $2.81 trillion after a 10% decline over the last day.

    Amidst the broader bloodbath, OKX’s native token suffered the most as the downside coincided with OKX facing new scrutiny after an unexpected contract glitch in its recent Boost reward campaign.

    A planned distribution of PYBOBO coins ended up with nearly all the pool drained within four minutes, and it wasn’t the massive demand as earlier thought.

    OKX’s token underperformed the overall cryptocurrency market in the past 24 hours.

    It dipped from $115 to $94 during this writing, and over 18% dip on its daily price chart.

    OKB experienced intensified selling pressure as the news of contract malfunctioning spread.

    A 4-second glitch empties 99.68% of incentives

    On-chain stats show that 32 addresses claimed 623 million PYBOBO coins, wiping nearly all the 625 million allocated for the distribution event.

    The most striking thing is that the entire sweep took only four seconds, catching the team and participants unaware.

    Notably, a multifunction within the OKX Boost claim contract seems to have permitted abnormal, rapid claims, allowing a few addresses to receive far more PYBOBO tokens than initially planned.

    OKLink identified a particular wallet that claimed 37.847 million tokens, worth roughly $18,600.

    Nevertheless, what’s striking is how fast the pool evaporated, with 99.68% of rewards gone by the time the ream noticed the glitch.

    The event’s nature indicates an unintended move that propelled distributions well beyond their specified limits.

    OKX Wallets halts claiming amid investigations

    The team acknowledged the issue immediately after the reports emerged and confirmed delaying PYBOBO claiming until after resolving the contract issuer.

    The temporary pause aims to prevent further potential damage as the project conducts a review.

    The team has promised to publish more updates as they investigate the matter.

    The incident sent ripples across the OKX ecosystem. OKB testified to that with its overwhelming selling pressure.

    OKB price outlook

    OKX’s token  hit a daily low of $94 after losing the $100 psychological mark.

    It has dropped from a daily high of $115, losing over 18% of its value in the past 24 hours.

    OKB has seen its daily trading volume surge 100%, signaling increased speculative activity.

    The digital coin would likely slump further before regaining a dependable footing as sellers thrive in the current financial landscape.

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  • Japan stimulus shakes global markets as yen sinks and crypto demand rises

    Japan stimulus shakes global markets as yen sinks and crypto demand rises

    Japan stimulus shakes global markets as yen sinks and crypto demand rises

    • Japan’s 40-year bond yield rose to 3.774% on Thursday.
    • Five-year CDS spreads reached 21.73 basis points on 20 November.
    • GDP contracted in Q3 2025 and inflation reached 3% in October.

    Japan’s new stimulus package is setting off sharp reactions across global markets, with the yen sliding to its weakest point against the US dollar since January 2025 and long-term bond yields rising to record levels.

    The cabinet approved a 21.3 trillion yen package on Friday, the largest since the COVID-19 period, and the announcement immediately shifted expectations in currency, bond, and crypto markets.

    The scale of the support and the pressure on Japan’s finances are now pushing investors to reconsider how they assess global risk, particularly as liquidity conditions evolve.

    Economic reset

    The package focuses on easing price pressures, supporting growth, and strengthening defence and diplomatic capacity.

    Local government grants and energy subsidies form a key part of the plan, and households are expected to receive around 7,000 yen in benefits over three months.

    The government also aims to lift defence spending to 2% of GDP by 2027.

    The supplementary budget is expected to pass before the end of the year, although the ruling coalition currently holds only 231 of 465 Lower House seats.

    The support comes during a period of weakening growth.

    Japan’s GDP fell 0.4% in the third quarter of 2025, equal to a 1.8% annualised contraction.

    Inflation has remained above the Bank of Japan’s 2% target for 43 months and reached 3% in October 2025.

    Policymakers expect the new measures to lift real GDP by 24 trillion yen and generate a total economic impact near 265 billion dollars.

    Rising market pressure

    The fiscal boost has intensified concerns about long-term debt sustainability and market stress.

    Five-year credit default swaps on Japanese government bonds reached 21.73 basis points on 20 November, the highest level in six months.

    The country’s 40-year bond yield rose to 3.697% immediately after the announcement and climbed further to 3.774% on Thursday.

    Every 100-basis-point increase in yields raises annual government financing costs by about 2.8 trillion yen, which has drawn attention to the strain on public finances over time.

    Nikkei reports lingering caution about the continued use of fiscal stimulus beyond emergencies, adding another layer to investor concerns.

    This debate has become more relevant as the yield curve shifts and Japan’s borrowing costs rise.

    These movements are also important for the 20 trillion dollar yen-carry trade. Investors typically borrow yen at low rates and invest in higher-yielding markets overseas.

    A mix of higher yields and sudden currency moves can force unwinding.

    Historical data show a 0.55 correlation between yen-carry trade reversals and S&P 500 declines, which adds another source of volatility.

    Yen reaction

    The yen dropped sharply after the stimulus announcement, prompting speculation about future currency stability and the potential for intervention.

    October exports rose 3.6% year on year, but the increase was not enough to ease concerns about broader economic pressure.

    The scale of fiscal support and the persistence of inflation have become central factors in how global markets interpret Japan’s next steps.

    Crypto shift

    These conditions are feeding directly into crypto markets.

    A weaker yen tends to drive Japanese investors toward alternative assets, including Bitcoin, especially during periods of rising liquidity.

    Experts have noted that Japan’s decision adds to a global environment that already includes potential US Federal Reserve easing, Treasury cash movements, and continued liquidity support from China.

    Together, these factors are creating conditions that could lift crypto demand into 2026.

    At the same time, higher long-term yields pose a risk.

    If yen-carry trades unwind quickly, institutions may be forced to sell assets, including Bitcoin, to meet liquidity needs.

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