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Bitcoin’s November roller‑coaster – The world’s biggest coin has been on a wild ride, slipping from a $126 k peak to a seven‑month low near $80 k. The 21 % monthly drop is the biggest since June 2022, driven by forced liquidations, profit‑taking (about 800 k BTC sold) and a broader risk‑off mood as the Fed stays tight. Analysts see a possible inflection point if BTC steadies above $85 k, but the death‑cross and SuperTrend “sell” signals keep the short‑term outlook uncertain ¹ ².
Institutional flow drama – U.S. spot Bitcoin ETFs bled over $3 billion in November, reflecting risk‑off sentiment. At the same time, some sovereign players are buying: Texas added $10 million to its Bitcoin stash via the iShares ETF, and Abu Dhabi’s Mubadala tripled its IBIT holdings to $518 million. The mixed signals have traders watching whether the outflows will continue or if the accumulation will spark a rebound ¹.
Upbit’s Solana exploit – South Korea’s largest exchange, Upbit, suffered a $36 million Solana‑network hack early Thursday. The exchange halted withdrawals, said it will cover the loss with its own assets, and is freezing the stolen funds. It’s the second major breach for Upbit, recalling the 2019 hack that lost 342 k ETH ³.
Hot presale: BlockchainFX ($BFX) – From now until Dec 2, the project is running a Cyber Monday promo offering a 50 % bonus on token purchases (code CYBER50). Priced at $0.03 with a launch target of $0.05, the presale has already raised $11.4 million from over 18 k participants. Early buyers are eyeing the potential upside as the platform promises a unified trading experience for crypto, forex, stocks and more ⁴.
Altcoin spotlight – Jupiter (JUP) is trading around $0.23 after a recent 130 million token burn, while Datagram Network (DGRAM) is hovering near $0.006, attracting DePIN‑focused investors. On the meme side, Gassed Token (GASSED) is making noise with its “fart‑to‑earn” concept, and Pumpd (PUMPD) is touting daily burn mechanics tied to Bitcoin’s price ⁵.
That’s the rundown – a mix of price turbulence, institutional intrigue, a security hiccup, and a buzzing presale. Anything you want to dive deeper into?
