🌐 Global Market Capitalization: The total market capitalization of the cryptocurrency market reached $3.11 trillion, an increase of 6.1% compared to last week.
📶 Market Sentiment: The Fear and Greed Index is at 20, slightly warming compared to last week, but still in the "Extreme Fear" range.
💸 Funds and Liquidations
In the past 24 hours, the overall market has shown an upward trend, but some cryptocurrencies have shown significant volatility.
Total Liquidation Amount: The search results did not provide data on the total liquidation amount across the network on November 30.
Long and Short Distribution: The search results did not provide data on the long and short liquidation distribution on November 30.
Major Cryptocurrencies: The specific liquidation amounts for BTC and ETH on November 30 were not provided in the search results.
BTC spot fund flow: During Thanksgiving week, Bitcoin funds recorded about $22 billion in inflows, while Ethereum funds attracted approximately $312 million.
🔥 Today's Focus
Bitcoin Breaks $91,000: Bitcoin's price briefly surpassed $91,000 on November 30, rising approximately 0.62% to $91,419 within 24 hours. However, some data shows its price closed at $90,851.75 on November 29.
Expectations for the Federal Reserve to lower interest rates in December are high: The market maintains a high probability expectation of 83% - 86.4% for the Federal Reserve to lower rates in December. There are significant internal differences within the Federal Reserve regarding whether to lower rates in December.
Bitcoin Scarcity Debate: Analyst Willy Woo defends the argument of Bitcoin's scarcity, believing its price appreciation proves demand. This view counters Club Orange CEO Matteo Pellegrini's argument that Bitcoin is "limited but not scarce."
Tether's stability rating downgraded: S&P Global has downgraded the stability rating of the stablecoin USDT issuer Tether to the lowest level, questioning its ability to peg to the US dollar. Tether CEO Paolo Ardoino criticized the methodology of traditional rating agencies.
📊 Mainstream Coin Performance
₿ BTC: ~$91,419 (24H +~0.62%) (Note: Different sources have slight variations, with the closing price on November 29 being $90,851.75)
Ξ ETH: ~$3,020 (24H +~1%)
◎ SOL: ~$137 (24H +~0.4%)
⚪ BNB: ~$880 (24H +~0.5%)
XRP: ~$2.1 (24H -0.6%)
🌟 Sectors and Hot Projects
Leading Gainers:
1️⃣ TEL (Telcoin): $0.54 | 24H Increase: +11.86%
2️⃣ SKY (Sky): $0.54 | 24H Increase: +8.75% (Sky Protocol repurchased 40.5 million SKY in the past week)
3️⃣ MYX (MYX Finance): $2.61 | 24H Increase: +2.83%
4️⃣ QNT (Quant): $99.15 | 24H Increase: +2.61%
5️⃣ ZEC (Zcash): $466.44 | 24H Increase: +1.52%
🌍 Macroeconomic and Regulatory Dynamics
Significant Divisions Within the Federal Reserve: Federal Reserve officials have differing opinions on rate cuts before the December FOMC meeting, with "dovish" (like Williams and Waller) concerned about the labor market, while "hawkish" (like Musalem and Schmidt) focus more on inflation.
People's Bank of China emphasizes virtual currency regulation: The People's Bank of China held a meeting, reiterating that activities related to virtual currencies are considered illegal financial activities.
Texas Purchases Bitcoin: Texas has made a preliminary investment in Bitcoin through BlackRock's IBIT ETF, becoming the first state in the U.S. to purchase Bitcoin, with plans to self-custody Bitcoin in the future.
Trump family's cryptocurrency asset disclosure: A report claims that the Trump family made approximately $800 million from token sales in the first half of 2025, currently holding about $11 billion in digital assets and stocks.
🐌 Market Insights
On November 30, the cryptocurrency market rose slightly against the backdrop of high expectations for the Federal Reserve to lower interest rates, with Bitcoin briefly breaking $91,000 and Ethereum also returning above $3,000. Institutional fund inflows show positive signs, with significant inflows into Bitcoin and Ethereum funds during the Thanksgiving period.
However, there are hidden concerns within the market. The Federal Reserve's rate cut in December is not a certainty, with significant internal disagreements on the interest rate path, and the absence of key economic data adds uncertainty to decision-making. Additionally, some analyses have warned about the short-term trend of Bitcoin, with expert Timothy Peterson pointing out that if we refer to the market pattern of 2022, a strong recovery for Bitcoin might not come until the first quarter of 2026.
In the short term, the market is highly focused on the interest rate decision of the December FOMC meeting and subsequent economic data. Investors should be wary of volatility risks arising from unmet expectations.
