The cryptocurrency market has started the week in positive territory, extending the gains made on Sunday as major cryptocurrencies trade in the green. Bitcoin (BTC) made a strong recovery after dropping to $80,000 on Friday, reclaiming $86,000 over the weekend. The flagship cryptocurrency is up over 2% in the past 24 hours, trading around $86,495.
Sentiment around BTC turned positive as expectations of a December rate cut by the Federal Reserve doubled in 24 hours. As a result, investors added back risk exposure despite the uncertain macroeconomic picture.
Meanwhile, Ethereum’s (ETH) recovery has stalled around the $2,850 mark as buyers struggle to push it beyond $3,000. The world’s second-largest cryptocurrency fell to a low of $2,768 early on Monday but recovered, reaching an intraday high of $2,862 before moving to its current level of $2,826. Ripple’s (XRP) positive start has fizzled out, with the price down nearly 1% at $2.05. Solana (SOL) is marginally up, trading around $131, while Dogecoin (DOGE) is up over 1%, trading around $0.145. Cardano (ADA) and Chainlink (LINK) are also marginally down over the past 24 hours. However, Stellar (XLM) is up almost 4%, while Hedera (HBAR) is up over 9%, trading around $0.148. On the other hand, Litecoin (LTC) , Toncoin (TON) , and Polkadot (DOT) are back in bearish territory.
Strategy And Bitcoin Supporters Call For JPMorgan Boycott
Boycott calls against JPMorgan by the Bitcoin community and Strategy supporters have grown louder after it emerged that the MSCI, formerly Morgan Stanley Capital International, an index company that sets the criteria for index inclusion, is likely to exclude crypto treasury companies like Strategy from its indexes in January 2026. JPMorgan shared the MSCI news in a research note, prompting calls for a boycott. Real estate agent and Bitcoin advocate Grant Cardone stated in response to the boycott calls,
“I just pulled $20 million from Chase and am suing them for credit card malfeasance.”
The exclusion of crypto treasury companies from stock indexes could trigger an automatic selloff of their shares from funds and asset managers mandated to buy specific types of financial instruments. As a result, the exclusion could have a significant impact on the crypto market. Strategy entered the Nasdaq 100 in December 2024. The inclusion allowed the company to benefit from passive capital flows from funds and investors holding the Nasdaq 100. Strategy founder and executive chairman Michael Saylor responded to the news, stating,
“Strategy is not a fund, not a trust, and not a holding company. Funds and trusts passively hold assets. Holding companies sit on investments. We create, structure, issue, and operate. Strategy is a Bitcoin-backed structured finance company.”
North Korea Has Infiltrated 20% Of Crypto Firms
Pablo Sabbatella, founder of Web3 audit firm Opsek, believes 20% of crypto companies may have North Korean hackers embedded. International sanctions have prevented North Korean nationals from applying for jobs under their real identities. However, hackers have devised an ingenious workaround, hiring people in other countries to serve as fake employees. Platforms such as Upwork and Freelancer have become crucial for these recruiters, who generally target workers based in Ukraine, the Philippines, and other smaller nations. North Korean recruiters split the earnings 80:20, taking the larger share.
The “front person” gets their computer infected with malware during the process, and grants the agent access to American IP addresses and overall internet access. According to Sabbatella, companies often recruit these workers long-term because they work very well, using their performance as a facade to keep suspicions low.
“They work well, they work a lot, and they never complain. Performance keeps suspicions low while access to sensitive systems grows.”
Rate Cut Odds Surge
Expectations of an interest rate cut by the Federal Reserve have surged after New York Fed President John Williams stated that interest rates could drop in the near term. Markets interpreted the comments as dovish, with Fed Funds Futures assigning a 57% chance of a 25-basis-point cut in December, up from less than 20% a week earlier. However, trading in US cash Treasuries remained shut in Asia thanks to a holiday. Despite this, futures held steady, indicating that bond markets await more data.
Interest rate outlook has become harder to gauge after the US government shutdown delayed economic releases and key data. The Bureau of Labor Statistics stated on Friday that it had cancelled the October consumer price report as officials were unable to collect the relevant data due to the shutdown.
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) has started the week in positive territory, extending the gains made on Sunday. The flagship cryptocurrency fell to a low of $80,524 on Friday before reclaiming $85,000 and settling at $85,068. BTC registered a marginal decline on Saturday before rising 2.51% on Sunday to reclaim $86,000 and settle at $86,806. BTC is marginally up during the ongoing session, trading around $87,096.
Markets went into a state of panic on Friday as BTC dipped to $80,000. A wave of liquidations, rising spot Bitcoin ETF outflows, and dwindling corporate interest put substantial selling pressure on BTC. The selloff pushed the Bitcoin Fear & Greed Index into “Extreme Fear” territory. However, analysts believe the drop does not indicate a broader structural collapse, arguing that the market needs time to recalibrate after an overheated start to the year. According to Jamie Elkaleh, Chief Marketing Officer at BitGet Wallet, the nearly $800 million in forced liquidations indicate excessive leverage in the market. While the current risk-off sentiment is impacting the entire market, crypto is particularly vulnerable.
“Equity markets are anchored by diversified earnings and macro stability, while crypto expresses stress more violently and more transparently.”
BTC reclaimed $86,000 on Sunday and added marginal gains during the ongoing session. Analysts believe the price should stabilize between $$89,000 and $95,000, ruling out a quick return to $100,000. They also highlighted substantial outflows from spot Bitcoin ETFs last week to reiterate their stance about institutional demand cooling. Analysts from TeraHash stated,
“At the peak of inflows in late Q2, spot Bitcoin ETFs were drawing around $600–$700 million daily. Due to that, the price quickly broke above the $115,000 mark, eventually setting an all-time high above $126,000. So, ETFs are a direct reflection of the demand level.”
The last 24 hours have seen trading volumes rise to $64.7 billion, indicating a jump in activity after heavy selling. ConGlass data shows that derivatives volume increased 35% to $93 billion, while open interest rose 0.64%. Rising volumes and higher open interest indicate traders are returning to the market after a liquidation flush.
BTC started the previous weekend in bearish territory, dropping over 5% and settling at $94,503. It recovered on Saturday, rising 1.10% to $95,544, but was back in the red on Sunday, dropping 1.42% and settling at $94,183. Sellers retained control on Monday, BTC fell 2.21% and settled at $92,100. The flagship cryptocurrency fell to an intraday low of $89,183 on Tuesday. However, it recovered from this level to reclaim $92,000 and settle at $92,914, ultimately rising 0.88%. Selling pressure returned on Wednesday as BTC fell to a low of $88,483 before settling at $91,461.
Source: TradingView
Selling pressure intensified on Thursday as BTC fell over 5%, slipping below $90,000 and settling at $86,536. Bearish sentiment persisted on Friday as BTC plunged to an intraday low of $80,524 before rebounding to reclaim $85,000 and settle at $85,068. Price action was mixed over the weekend as BTC fell 0.45% on Saturday before rising 2.51% on Sunday and settling at $86,808. The flagship cryptocurrency is marginally down during the ongoing session, trading around $86,715.
Ethereum (ETH) Price Analysis
Ethereum (ETH) has steadily recovered after dropping to a low of $2,620 on Friday. The world’s second-largest cryptocurrency ultimately settled at $2,766 before rising 0.12% on Saturday and 1.18% on Sunday to end the weekend at $2,802. ETH is up almost 2% during the ongoing session, trading around $2,827.
While ETH has struggled during the ongoing market rout, Bitwise CIO Matt Hougan believes it could lead the next market rally, highlighting the Fusaka upgrade, scheduled for December 3, as a major catalyst. The Fusaka hardfork will introduce Peer Data Availability Sampling (PeerDAS), allowing validators to confirm transaction data availability by sampling small pieces of data rather than downloading complete blobs. This will make Layer2 rollup operations significantly faster, cheaper, and more efficient, while reducing bandwidth requirements.
The upgrade also increases the block gas limit from 45 million to almost as high as 150 million, allowing blocks to accommodate more transactions, smart contracts, and data-intensive applications. Hougan stated on X,
“Fusaka introduces a minimum fee for recording data from Layer 2s that could multiply revenue capture five to ten times. I suspect the market will start to orient around the positive impacts of Fusaka soon, particularly if it’s delivered Dec. 3 as expected.”
Meanwhile, BitMine has doubled down on its Ethereum bet despite the ongoing market slump. The company has purchased 21,537 ETH, continuing its accumulation strategy in the face of growing market uncertainty and billions in unrealized losses. The latest purchase takes BitMine’s ETH holdings to over 3.5 million, 3% of the altcoin’s circulating supply. According to Thomas Lee, the market downturn was the result of broader market mechanics rather than structural weaknesses. Lee cited the October liquidity shock, which wiped out billions in leveraged positions across the cryptocurrency market.
ETH started the previous weekend in the red, dropping nearly 4% and settling at $3,113. The altcoin recovered on Saturday, rising 1.74% but returned to bearish territory on Sunday, dropping over 2% to $3,097. Sellers retained control on Monday as ETH fell 2.18% and settled at $3,030. Despite the overwhelming selling pressure, the price recovered on Tuesday, rising over 3% to cross $3,100 and settle at $3,124. Selling pressure returned on Wednesday as ETH plunged to a low of $2,871. However, it rebounded from this level to reclaim $3,000 and settle at $3,023, ultimately dropping over 3%.
Source: TradingView
Bearish sentiment intensified on Thursday as ETH fell over 6% and settled at $2,832. The altcoin dropped to an intraday low of $2,620 on Friday as selling pressure persisted. However, the price recovered from this level and settled at $2,766, ultimately dropping 2.33%. Price action was positive over the weekend as ETH registered a marginal increase on Saturday before rising 1.18% on Sunday and settling at $2,802. ETH is up almost 1% during the ongoing session, trading around $2,825.
Solana (SOL) Price Analysis
Solana (SOL) plunged to a low of $121 on Friday as selling pressure intensified. However, it reclaimed $130 by Sunday after registering an increase of 2.36%. The altcoin is marginally down during the ongoing session, trading around $129.
SOL has stabilized after a volatile week marked by heavy selloffs and a looming death cross between the 50-day and 200-day SMAs. The crossover has garnered substantial attention as traders assess whether SOL’s support zone around $120 can withstand growing pressure. The altcoin’s technical structure remains bearish, defined by a steep falling channel that has dictated every major price swing since September. However, despite SOL’s bearish setup, buyers have shown resilience at lower levels. If the $120 support is breached, SOL could drop to $100 or lower. Buyers must reclaim the $145 zone to show renewed strength.
SOL started the previous weekend in the red, dropping 4% and settling at $138. It registered a marginal recovery on Saturday before dropping 1.67% on Sunday and settling at $137. Selling pressure intensified on Monday as SOL fell 4.55% and settled at $130. Despite the overwhelming selling pressure, SOL recovered on Tuesday, rising over 7% and settling at $140. However, it returned to bearish territory on Wednesday, dropping to a low of $130 before settling at $137.
Source: TradingView
SOL reached an intraday high of $144 on Thursday but lost momentum after reaching this level. As a result, it fell 2.48% and settled at $133. Selling pressure intensified on Friday as SOL fell to an intraday low of $121. However, it rebounded from this level and settled at $128, ultimately dropping 3.69%. Price action was mixed over the weekend as SOL fell 0.83% on Saturday before rising 2.36% on Sunday and settling at $130. SOL is marginally down during the ongoing session, trading around $129.
Jupiter (JUP) Price Analysis
Jupiter (JUP) registered a sharp drop on Friday (November 14), falling 10.52% to $0.278. The price rose 1.62% on Saturday before falling 2.26% on Sunday, ending the weekend at $0.276. Sellers retained control on Monday as JUP fell over 5% and settled at $0.262. The price recovered on Tuesday, rising 1.65% to $0.266, but was back in the red on Wednesday, dropping 1.47% and settling at $0.262.
Source: TradingView
Sellers retained control on Thursday as JUP fell 3.49% and settled at $0.253. Selling pressure intensified on Friday as the price fell to an intraday low of $0.225. However, it recovered from this level and settled at $0.241, ultimately dropping nearly 5%. Price action was mixed over the weekend as JUP fell 2.60% on Saturday before registering a marginal increase on Sunday and settling at $0.235. JUP is marginally down during the ongoing session, trading around $0.234.
Near Protocol (NEAR) Price Analysis
Near Protocol (NEAR) registered a sharp drop on Friday (November 14), falling nearly 4% and settling at $2.353. It reached an intraday high of $2.621 on Saturday before settling at $2.405, ultimately rising over 2%. Selling pressure returned on Sunday as the price fell nearly 5% and settled at $2.289. Sellers retained control on Monday as NEAR fell almost 1% to $2.270. Despite the selling pressure, NEAR recovered on Tuesday, registering a marginal increase before rising by over 4% on Wednesday and settling at $2.376.
Source: TradingView
Bearish sentiment returned on Thursday as NEAR fell nearly 13% and settled at $2.069. Sellers retained control on Friday as the price fell 9.98% and settled at $1.863. Price action remained bearish over the weekend as NEAR fell 1.13% on Saturday and 1% on Sunday to settle at $1.823. NEAR is marginally up during the ongoing session, trading around $1.829.
