Crucial Bitcoin Bullish Metric Turns Positive, Imminent Rebound?Bitcoin falls below $100,000, but crucial indicator signals potential rally ahead.
The Bitcoin price is consolidating around $100,000 after days of experiencing price volatility. Amid the ongoing drawdown, analysts have spotlighted a key metric that has turned positive, potentially leading to a price reversal.
The Bitcoin price is consolidating around $100,000 after days of experiencing price volatility. Amid the ongoing drawdown, analysts have spotlighted a key metric that has turned positive, potentially leading to a price reversal.
According to a report from Bloomberg, Kazakhstan is eyeing a national cryptocurrency reserve fund between $500 million and $1 billion. Part of the funds will come from assets that were seized and brought back from other countries.
Central Bank Governor Timur Suleimenov said that the fund’s investments will include ETFs and shares of companies involved with digital currencies. It will be “very careful about direct exposure to cryptocurrencies,” he said.
The fund is expected to be launched by early 2026.The central bank is also considering investing portions of its gold and foreign exchange reserves, as well as National Fund assets, in crypto-related investments. The national bank governor had noted that while such assets could offer high returns, they are highly volatile and would be carefully considered.
Officials had earlier suggested that the fund could gather assets from seized crypto wallets and tokens mined through state-run operations.
Central Bank Governor Timur Suleimenov said that the fund’s investments will include ETFs and shares of companies involved with digital currencies. It will be “very careful about direct exposure to cryptocurrencies,” he said.
The fund is expected to be launched by early 2026.The central bank is also considering investing portions of its gold and foreign exchange reserves, as well as National Fund assets, in crypto-related investments. The national bank governor had noted that while such assets could offer high returns, they are highly volatile and would be carefully considered.
Officials had earlier suggested that the fund could gather assets from seized crypto wallets and tokens mined through state-run operations.
Bitwise has taken a procedural leap that could see its spot Dogecoin ETF go live by late November, signalling a turning point for both regulatory practice and the mainstream acceptance of meme coins.
The asset manager updated its S-1 registration under Section 8(a) of the Securities Act, removing a delaying amendment that kept the fund from automatically becoming effective.
This change started a 20-day countdown, meaning the fund could launch unless the Securities and Exchange Commission (SEC) intervenes.
If unchallenged, the ETF could start trading around 26 November, marking a new milestone in digital-asset regulation.
The asset manager updated its S-1 registration under Section 8(a) of the Securities Act, removing a delaying amendment that kept the fund from automatically becoming effective.
This change started a 20-day countdown, meaning the fund could launch unless the Securities and Exchange Commission (SEC) intervenes.
If unchallenged, the ETF could start trading around 26 November, marking a new milestone in digital-asset regulation.
Excitement in the crypto community is growing over the potential launch of XRP funds, as the US Senate advances a deal aimed at ending the longest-ever government shutdown.
The Senate reportedly reached a deal on a budget bill to end the government shutdown on Sunday, sending a bullish signal to numerous markets, including crypto.
The XRP XRP$2.48 community is anticipating multiple XRP exchange-traded funds (ETFs) to launch shortly, with several already appearing on the Depository Trust and Clearing Corporation (DTCC) website ahead of a possible launch this month.
The price of XRP has rallied more than 12% on the bullish news over the past 24 hours, with the token trading at $2.56 at the time of publication, according to CoinGecko.
The Senate reportedly reached a deal on a budget bill to end the government shutdown on Sunday, sending a bullish signal to numerous markets, including crypto.
The XRP XRP$2.48 community is anticipating multiple XRP exchange-traded funds (ETFs) to launch shortly, with several already appearing on the Depository Trust and Clearing Corporation (DTCC) website ahead of a possible launch this month.
The price of XRP has rallied more than 12% on the bullish news over the past 24 hours, with the token trading at $2.56 at the time of publication, according to CoinGecko.
MARA Holdings CEO Fred Thiel warned that Bitcoin mining margins are shrinking as rising energy costs pressure the industry. Many Bitcoin mining firms are expanding into AI hosting to address these energy demands and maintain profitability.
Thiel highlighted how competition for power resources from AI and high-performance computing operations is creating additional cost pressures for Bitcoin miners. Smaller mining operations face particular challenges as energy expenses climb.
MARA has been leveraging its existing infrastructure for AI and high-performance computing services to offset declining mining profitability. The company is positioning itself to support both Bitcoin operations and AI compute needs as the sectors compete for the same energy resources.
Leading Bitcoin mining firms are increasingly hosting AI operations to prepare for future Bitcoin halvings and maintain revenue streams.
Thiel highlighted how competition for power resources from AI and high-performance computing operations is creating additional cost pressures for Bitcoin miners. Smaller mining operations face particular challenges as energy expenses climb.
MARA has been leveraging its existing infrastructure for AI and high-performance computing services to offset declining mining profitability. The company is positioning itself to support both Bitcoin operations and AI compute needs as the sectors compete for the same energy resources.
Leading Bitcoin mining firms are increasingly hosting AI operations to prepare for future Bitcoin halvings and maintain revenue streams.
Bitcoin and the broader financial markets are flying blind after the White House confirmed October’s critical inflation and jobs data will likely not be released, creating a macro overhang and further complicating the Federal Reserve's policy decisions this year.
"The Democrats may have permanently damaged the Federal Statistical system with October CPI and jobs reports likely never being released," White House press secretary Karoline Leavitt reportedly said Wednesday, as cited by CNBC. "All of that economic data released will be permanently impaired, leaving our policymakers at the Fed flying blind at a critical period."
The White House placed the blame squarely on the longest-running U.S. government shutdown in its 236-year history, after the Democrats argued for an extension to tax credits expiring at the end of the year that would lower costs for the millions of Americans relying on health coverage.
"The Democrats may have permanently damaged the Federal Statistical system with October CPI and jobs reports likely never being released," White House press secretary Karoline Leavitt reportedly said Wednesday, as cited by CNBC. "All of that economic data released will be permanently impaired, leaving our policymakers at the Fed flying blind at a critical period."
The White House placed the blame squarely on the longest-running U.S. government shutdown in its 236-year history, after the Democrats argued for an extension to tax credits expiring at the end of the year that would lower costs for the millions of Americans relying on health coverage.
Crypto infrastructure platform Threshold has rolled out a major upgrade for its tBTC bridge, aimed at enticing institutions to put their billions of dollars worth of Bitcoin to work in decentralized finance protocols.
Threshold’s latest upgrade now enables institutions to mint tBTC directly to supported chains in a single Bitcoin BTC$96,764 transaction, without secondary approvals and without gas fees, while redemptions back to the Bitcoin network are equally as straightforward, Threshold said in a statement.
Threshold’s head of marketing, Rizza Carla Ramos, went into more depth in an interview with Cointelegraph at the Web Summit in Lisbon this week, explaining that the feature improvements could incentivize more Bitcoin-holding institutions to put their BTC to work in DeFi instead of just letting it sit there and waiting for it to appreciate:
“They’re going to be wanting lending, they want yields on it because if they’re investing for Bitcoin in the long run, you don’t just want it sitting there, right?
Threshold’s latest upgrade now enables institutions to mint tBTC directly to supported chains in a single Bitcoin BTC$96,764 transaction, without secondary approvals and without gas fees, while redemptions back to the Bitcoin network are equally as straightforward, Threshold said in a statement.
Threshold’s head of marketing, Rizza Carla Ramos, went into more depth in an interview with Cointelegraph at the Web Summit in Lisbon this week, explaining that the feature improvements could incentivize more Bitcoin-holding institutions to put their BTC to work in DeFi instead of just letting it sit there and waiting for it to appreciate:
“They’re going to be wanting lending, they want yields on it because if they’re investing for Bitcoin in the long run, you don’t just want it sitting there, right?
BlackRock, the world’s largest asset manager, deposited 2,310 Bitcoin worth $222 million and 43,240 Ethereum worth around $137 million into Coinbase today. The transfer represents the latest institutional movement involving the two leading crypto assets amid ongoing ETF activity.
BlackRock’s recent Bitcoin and Ethereum deposits to Coinbase have sparked speculation about potential selling pressure following ETF outflows.
Roughly $867 million exited US-listed spot Bitcoin ETFs yesterday, alongside $260 million withdrawn from Ethereum ETFs. BlackRock’s IBIT saw the largest daily outflow among crypto ETPs.
BlackRock’s recent Bitcoin and Ethereum deposits to Coinbase have sparked speculation about potential selling pressure following ETF outflows.
Roughly $867 million exited US-listed spot Bitcoin ETFs yesterday, alongside $260 million withdrawn from Ethereum ETFs. BlackRock’s IBIT saw the largest daily outflow among crypto ETPs.
Aster officially refuted rumors of tokenomics being canceled or delayed unlocks.
The community panic came from an update on CoinMarketCap, which was only a correction to accurately reflect the token’s circulating supply.
To prevent future misunderstanding and prove fund security, Aster will transfer unused, unlocked tokens to a separate publicly visible address.
The decentralized exchange Aster addressed community confusion after an update on CoinMarketCap led to speculation that the project’s token unlock schedule had changed.
In a statement posted on X, the exchange clarified the situation. “We want to clarify that the ASTER tokenomics remain unchanged,” the team stated, adding that the confusion “stemmed from a miscommunication.”
The community panic came from an update on CoinMarketCap, which was only a correction to accurately reflect the token’s circulating supply.
To prevent future misunderstanding and prove fund security, Aster will transfer unused, unlocked tokens to a separate publicly visible address.
The decentralized exchange Aster addressed community confusion after an update on CoinMarketCap led to speculation that the project’s token unlock schedule had changed.
In a statement posted on X, the exchange clarified the situation. “We want to clarify that the ASTER tokenomics remain unchanged,” the team stated, adding that the confusion “stemmed from a miscommunication.”
Stablecoin issuer Tether is reportedly eyeing a $1.15 billion investment in German robotics startup Neura — a move that would expand its presence in the rapidly evolving artificial intelligence space.
A deal could mark Neura’s value up to the $9.3 billion to $11.6 billion range, according to a report on Friday from the Financial Times, which cited people with “direct knowledge” of the matter.
While the Financial Times reported that Tether and Neura were in the discussion stages, neither party confirmed whether the 1 billion euro ($1.15 billion) deal is in the works.
A deal could mark Neura’s value up to the $9.3 billion to $11.6 billion range, according to a report on Friday from the Financial Times, which cited people with “direct knowledge” of the matter.
While the Financial Times reported that Tether and Neura were in the discussion stages, neither party confirmed whether the 1 billion euro ($1.15 billion) deal is in the works.
Bitcoin could slip to the mid-$80,000 range as tightening liquidity and looming credit stress weigh on risk assets, said BitMEX co-founder Arthur Hayes in a recent blog article.
“The Bitcoin dive from $125,000 to the low $90,000s whilst the S&P 500 and Nasdaq 100 indices hover around all-time highs tells me that a credit event is brewing,” Hayes explained. “I corroborate this view when I observe the decline in my dollar liquidity index from July until now.”
The well-known macro voice in the crypto space expects a 10–20% drawdown in equities and a surge in the 10-year yield, which would force policymakers to roll out an emergency liquidity program to stabilize markets.
If that panic triggers renewed stimulus, Hayes said Bitcoin could rebound violently from an $80,000–$85,000 washout and accelerate into a $200,00–$250,000 blow-off move by the end of the year.
“The Bitcoin dive from $125,000 to the low $90,000s whilst the S&P 500 and Nasdaq 100 indices hover around all-time highs tells me that a credit event is brewing,” Hayes explained. “I corroborate this view when I observe the decline in my dollar liquidity index from July until now.”
The well-known macro voice in the crypto space expects a 10–20% drawdown in equities and a surge in the 10-year yield, which would force policymakers to roll out an emergency liquidity program to stabilize markets.
If that panic triggers renewed stimulus, Hayes said Bitcoin could rebound violently from an $80,000–$85,000 washout and accelerate into a $200,00–$250,000 blow-off move by the end of the year.
One of the world’s biggest crypto exchanges has confidentially filed with the US Securities and Exchange Commission for an initial public offering of its common stock, according to the company.
Kraken didn’t set a time for when the IPO will happen, but only said it expected it “to occur after the SEC completes its review process, subject to market and other conditions.”
Previous reports have predicted that Kraken would go public in the first quarter of 2026.
Co-CEO Arjun Sethi has publicly dodged the questions about Kraken’s plans to go public, telling DL News in September that the crypto exchange was in no rush to follow rival exchanges Gemini and Bullish to file for an IPO.
“If we were a part of what I call the pack of companies that have FOMO to go public, then we would have already filed,” he told DL News.
Kraken didn’t set a time for when the IPO will happen, but only said it expected it “to occur after the SEC completes its review process, subject to market and other conditions.”
Previous reports have predicted that Kraken would go public in the first quarter of 2026.
Co-CEO Arjun Sethi has publicly dodged the questions about Kraken’s plans to go public, telling DL News in September that the crypto exchange was in no rush to follow rival exchanges Gemini and Bullish to file for an IPO.
“If we were a part of what I call the pack of companies that have FOMO to go public, then we would have already filed,” he told DL News.
The government of India may consider stablecoin regulations in its Economic Survey 2025-2026, while the Reserve Bank of India (RBI) takes a “cautious” approach to crypto and pushes for a central bank digital currency (CBDC), revealing a divergence in policy recommendations.
The government will “present its case” for stablecoins in the annual report published by India’s Ministry of Finance, which outlines key policy recommendations and the state of the economy, business publication MoneyControl reported, citing an official familiar with the matter.
However, the central bank continues to urge a “cautious” approach to stablecoins, according to RBI Governor Sanjay Malhotra. Speaking at the Delhi School of Economics on Thursday, he said:
“We have a very cautious approach towards crypto because of various concerns that we have. Of course, the government has to take a final view.
The government will “present its case” for stablecoins in the annual report published by India’s Ministry of Finance, which outlines key policy recommendations and the state of the economy, business publication MoneyControl reported, citing an official familiar with the matter.
However, the central bank continues to urge a “cautious” approach to stablecoins, according to RBI Governor Sanjay Malhotra. Speaking at the Delhi School of Economics on Thursday, he said:
“We have a very cautious approach towards crypto because of various concerns that we have. Of course, the government has to take a final view.
Rumble, a video streaming platform, today launched limited testing of a non-custodial wallet feature that enables users to send Bitcoin and stablecoin tips directly within livestream chats and video-on-demand content.
The testing phase is currently available to Android users and supports tips in Bitcoin, Tether’s USDT stablecoin, and tokenized gold. The wallet integration allows creators to receive cryptocurrency donations on both live streams and recorded content.
Tether, which issues stablecoins and tokenized assets, backs Rumble’s new wallet system. The partnership enables the platform to process on-chain transactions for multiple digital assets beyond Bitcoin.
The wallet feature represents Rumble’s expansion into creator monetization through crypto assets, offering an alternative to traditional payment methods for content creators on the platform.
The testing phase is currently available to Android users and supports tips in Bitcoin, Tether’s USDT stablecoin, and tokenized gold. The wallet integration allows creators to receive cryptocurrency donations on both live streams and recorded content.
Tether, which issues stablecoins and tokenized assets, backs Rumble’s new wallet system. The partnership enables the platform to process on-chain transactions for multiple digital assets beyond Bitcoin.
The wallet feature represents Rumble’s expansion into creator monetization through crypto assets, offering an alternative to traditional payment methods for content creators on the platform.
The backlash against financial services company JP Morgan from the Bitcoin BTC$86,011 community and supporters of BTC treasury company Strategy continued to swell on Sunday as calls to “boycott” JP Morgan grew.
The anger from the Bitcoin community followed news that the MSCI, formerly Morgan Stanley Capital International, an index company that sets criteria for index inclusion, is likely to exclude crypto treasury companies from its indexes in January 2026.
JP Morgan shared the MSCI news in a research note. “I just pulled $20 million from Chase and suing them for credit card malfeasance,” real estate investor and Bitcoin advocate Grant Cardone said in response to a call to boycott the financial services giant.
“Crash JP Morgan and buy Strategy and BTC,” Bitcoin advocate Max Keiser said, as the online boycott movement gained steam.
The anger from the Bitcoin community followed news that the MSCI, formerly Morgan Stanley Capital International, an index company that sets criteria for index inclusion, is likely to exclude crypto treasury companies from its indexes in January 2026.
JP Morgan shared the MSCI news in a research note. “I just pulled $20 million from Chase and suing them for credit card malfeasance,” real estate investor and Bitcoin advocate Grant Cardone said in response to a call to boycott the financial services giant.
“Crash JP Morgan and buy Strategy and BTC,” Bitcoin advocate Max Keiser said, as the online boycott movement gained steam.
Ondo Finance bought $25 million worth of YLDS, a yield-bearing stablecoin issued by Figure Technology Solutions, to diversify the assets backing its tokenized US Treasurys fund.
The company said Monday that YLDS will be added to a reserves portfolio that already includes tokenized Treasury products from major asset managers, including funds issued by BlackRock, Fidelity, Franklin Templeton and WisdomTree.
Designed for institutional investors, the Ondo Short-Term US Government Bond Fund (OUSG) offers onchain exposure to Treasurys with 24/7 redemptions and an estimated annual return of 3.68%. The tokenized fund had about $777 million in total value locked (TVL) as of this writing.
Figure runs lending and capital-markets infrastructure on the Provenance blockchain, and has originated more than $19 billion in loans across home-equity lines, mortgage products, and crypto-backed credit. The deal follows Figure’s completion of its Nasdaq IPO earlier this year.
The company said Monday that YLDS will be added to a reserves portfolio that already includes tokenized Treasury products from major asset managers, including funds issued by BlackRock, Fidelity, Franklin Templeton and WisdomTree.
Designed for institutional investors, the Ondo Short-Term US Government Bond Fund (OUSG) offers onchain exposure to Treasurys with 24/7 redemptions and an estimated annual return of 3.68%. The tokenized fund had about $777 million in total value locked (TVL) as of this writing.
Figure runs lending and capital-markets infrastructure on the Provenance blockchain, and has originated more than $19 billion in loans across home-equity lines, mortgage products, and crypto-backed credit. The deal follows Figure’s completion of its Nasdaq IPO earlier this year.
Texas purchases $5 million in Bitcoin at an average price of $87k per coin.
The state announced that it invested in Bitcoin via BlackRock’s IBIT but plans to custody in the near term.
The BTC/USD pair has signaled potential bullish sentiment but more whales are needed to fuel momentum.
Texas has become the first state to purchase Bitcoin (BTC) as a hedge against inflation. Lee Bratcher, the President of the Texas Blockchain Council announced that the state bought $5 million worth of Bitcoin on November 20, 2025.
The state announced that it invested in Bitcoin via BlackRock’s IBIT but plans to custody in the near term.
The BTC/USD pair has signaled potential bullish sentiment but more whales are needed to fuel momentum.
Texas has become the first state to purchase Bitcoin (BTC) as a hedge against inflation. Lee Bratcher, the President of the Texas Blockchain Council announced that the state bought $5 million worth of Bitcoin on November 20, 2025.
A long-term technical trend indicator for Bitcoin has turned bearish, leading at least one analyst to believe that the bull market may be over.
“From a technical standpoint, the bull market is over,” crypto analyst “Crypto₿irb” told his 700,000 X followers on Thursday.
Bitcoin
BTC
$91,345
exhibits a “persistent trend shift, confirmed by price percentage traveled, volume spikes, above-average volatility, time spent below the 200-day trend, and worsened breadth,” he said as he predicted 2026 to be a year of declines.
The analysis highlighted a downturn in the 200-day trend, a visual tool analysts use to connect specific points and gauge trend strength or breakouts.
Additionally, the 200-day moving average, a different indicator that shows the mathematical average price of BTC over the past 200 days, turned downward in mid-November when a “death cross” occurred as it dipped below the shorter-term 50-day moving average.
“From a technical standpoint, the bull market is over,” crypto analyst “Crypto₿irb” told his 700,000 X followers on Thursday.
Bitcoin
BTC
$91,345
exhibits a “persistent trend shift, confirmed by price percentage traveled, volume spikes, above-average volatility, time spent below the 200-day trend, and worsened breadth,” he said as he predicted 2026 to be a year of declines.
The analysis highlighted a downturn in the 200-day trend, a visual tool analysts use to connect specific points and gauge trend strength or breakouts.
Additionally, the 200-day moving average, a different indicator that shows the mathematical average price of BTC over the past 200 days, turned downward in mid-November when a “death cross” occurred as it dipped below the shorter-term 50-day moving average.
Bitcoin is now approaching major supply clusters that must be cleared to regain strong bullish momentum. Analysts say the next critical zones sit at $93k–$96k and $100k–$108k, areas where many recent buyers are likely to take profit or reduce exposure. Breaking above these levels is essential for Bitcoin to continue its upward trend and make a clean move toward a new all-time high. For now, traders are watching how BTC reacts as it tests these heavy resistance bands.
The blockchain ecosystem is home to several highly successful smart contract protocols, which makes the arrival of newcomers highly competitive.
Canton Network is one of the newest ‘next generation layer one’ to vie for users and capital from incumbents like Ethereum and Solana. Alongside SUI and Aptos, Canton’s rise challenges the assumption that we have too many blockchains.
Speaking exclusively to Cointelegraph’s Chain Reaction daily show, Yuval Rooz, co-founder of Digital Asset, recounted the backstory behind the Canton Network, which opted out of an initial coin offering (ICO) during its decade-long development journey to where it is today.
“Our thesis was focused on serving large-scale institutions. We’ve been very patient. We refused to do an ICO. We refuse to do a token pre-mine. We’ve really thought about the tokenomics,” Rooz told Cointelegraph.
Canton Network is one of the newest ‘next generation layer one’ to vie for users and capital from incumbents like Ethereum and Solana. Alongside SUI and Aptos, Canton’s rise challenges the assumption that we have too many blockchains.
Speaking exclusively to Cointelegraph’s Chain Reaction daily show, Yuval Rooz, co-founder of Digital Asset, recounted the backstory behind the Canton Network, which opted out of an initial coin offering (ICO) during its decade-long development journey to where it is today.
“Our thesis was focused on serving large-scale institutions. We’ve been very patient. We refused to do an ICO. We refuse to do a token pre-mine. We’ve really thought about the tokenomics,” Rooz told Cointelegraph.
Schwartz was part of a discussion on X space "Programmability on XRPL," alongside RippleX software engineer Mayukha Vadari, Bias Goose, Dan Fisher and others. Vet summarized insights offered by the Ripple CTO in four points. Weeks back, XRP reached a major smart contract milestone with the launch of the XRP Ledger Smart Contracts feature on AlphaNet, a dedicated development network.
Vet explained Schwartz's rationale for limited smart contracts on the XRPL. According to the Ripple CTO, the XRP Ledger might not need full general purpose smart contracts, adding that it might need just a little bit of programmability via smart contracts: "We don't need to be the best SC platform, just a little bit programmability via SC."
Vet explained Schwartz's rationale for limited smart contracts on the XRPL. According to the Ripple CTO, the XRP Ledger might not need full general purpose smart contracts, adding that it might need just a little bit of programmability via smart contracts: "We don't need to be the best SC platform, just a little bit programmability via SC."