The crypto market continues its slow recovery, but trading volume is still weak as everyone waits for the Federal Reserve’s decision on Wednesday.
Bitcoin is holding around $90,400, recovering slightly after one of the worst Novembers since 2018. New timezone data shows that Europe caused the strongest selling pressure, while Asia and the US stayed mostly neutral.
Here’s how the market moved in the last 24 hours:
BTC +1%
ETH +0.2%
BNB +1%
SOL –0.6%
XRP slightly down
Altcoins like ETH, ADA, and SOL remained stable overall.
Research from Presto shows Europe drove 20–25% drawdowns in BTC and ETH last month, with deeply negative performance almost every European session. Meanwhile, US and Asian sessions showed very little movement.
Another major development came from Strategy, which purchased 10,624 BTC — its largest buy in over three months. With this, Strategy now holds 660,600 BTC, worth around $60 billion, although concerns remain about a possible removal from major MSCI indices.
On the macro side, markets are nervous. Asian stocks slipped as traders prepare for the Fed’s rate-cut signal. Bond yields remain high, putting pressure on risk assets like crypto.
Crypto sentiment is also weak. CryptoQuant’s Bull Score has dropped to zero, showing bearish on-chain signals due to low liquidity.
But there are some potential long-term positives ahead — including possible rule changes that could allow US 401(k) retirement accounts to gain Bitcoin exposure in 2026.
For now, Bitcoin is trading near $90,300, and traders are watching to see if it can break toward the $94,000–$98,000 range — or if European selling will continue to weigh on the market.