Bitcoin hovered around $90,400 on Tuesday as crypto markets stabilized after one of the sector’s worst November results since 2018, even as new data showed Europe led the month’s selling pressure by a wide margin.
BTC rose 1% in the last 24 hours, while ether added 0.2%, according to CoinGecko. Major altcoins were mixed; BNB gained almost 1%, SOL fell 0.6% and XRP fell. The broader market maintained its recent rebound, although liquidity remained tight ahead of Wednesday’s Federal Reserve decision.
New data segmented by time zones from Presto Research showed that Europe was the main driver of November’s 20% to 25% declines in BTC and ETH, with average session returns turning deeply negative throughout the month. In contrast, the Asian and US sessions remained largely flat, indicating how regional flows diverged as cryptocurrencies deleveraged.
Charging…
The November slowdown also coincided with a significant repositioning of listed crypto stocks. Strategy on Monday revealed its largest Bitcoin acquisition in more than three months, purchasing 10,624 BTC for $963 million.
The haul, funded largely through new share issuances, brings its total holdings to around 660,600 BTC worth about $60 billion at current prices. The company’s shares traded near $180 and remain down about 50% in six months as investors weigh the risk of being removed from key MSCI indices.
Meanwhile, the macro climate remained the main constraint for cryptocurrencies directionally. Asian stocks fell as traders braced for the Federal Reserve’s rate cut and any signs on the pace of easing into 2026. Global bond yields remained elevated following Monday’s decline, adding pressure on high-beta assets.
Specific crypto sentiment remains fragile. CryptoQuant’s Bull Score index fell to zero for the first time since January 2022, and most BTC on-chain indicators turned bearish in the absence of new liquidity.
At the same time, several medium-term catalysts are forming on the horizon, including potential changes to US 401(k) rules in early 2026 that could open up trillions in retirement savings to Bitcoin exposure.
Bitcoin last traded near $90,300, as traders watch to see if the market can move towards the $94,000 to $98,000 band or if European schedules continue to exert pressure as year-end positioning is adjusted.
