Bitcoin gained nearly 6% after a sharp decline, with the sustainability of the rebound depending on macroeconomic data and blockchain developments this week. Federal Reserve Chair Jerome Powell speaks Tuesday, followed by U.S. employment reports Wednesday through Friday. Ethereum's Fusaka upgrade deploys Wednesday, modifying blob capacity and data costs for Layer 2 rollups.

Strategy may initiate another round of Bitcoin purchases after CEO Michael Saylor posted a cryptic signal on November 30, 2025. CEO Phong Le recently clarified the company would only consider selling BTC under extreme dual conditions: stock trading below net asset value while unable to raise capital without excessive dilution. The company maintains that volatility, negative sentiment, or macroeconomic uncertainty alone will not trigger sales.

André Dragosch, European Head of Research at Bitwise, argues Bitcoin has priced in bearish growth expectations comparable to 2022 levels while trading at $85,000. He contends downside risks are largely reflected in the current price, creating potential for disproportionate gains if positive catalysts emerge. Dragosch anticipates growth expectations will accelerate based on prior monetary stimulus, drawing parallels to dynamics that preceded Bitcoin's sixfold increase during the COVID-19 period.

Bitcoin declined approximately 5% within 24 hours to $86,415.88 as weakening technical momentum met deteriorating market liquidity. The several-thousand-dollar drop occurred without news catalyst, exposing fragile liquidity conditions and record-high leverage that have defined this year's trading environment. Weekend sessions have repeatedly produced unusually large price swings, with thin order books allowing modest selling to trigger cascading liquidations.

Bitcoin dropped below $86,000 on December 1, 2025, marking its steepest decline in recent weeks and erasing prior gains. The downturn triggered more than $400 million in liquidations across leveraged cryptocurrency futures positions. Global digital asset market capitalization contracted approximately 4% to around $3 trillion, according to market data.

Bitcoin dropped to $86,053 during Asian trading on Monday, declining 5.4%, while Ethereum fell 6.1% to $2,819. Data show approximately $608 million in cryptocurrency liquidations occurred over the past 24 hours, with long positions accounting for more than $535 million of the total.

Michael Saylor departed from his year-long Sunday routine of posting orange dots that preceded Bitcoin purchases, instead introducing green dots on November 30, 2025. The change has sparked debate over whether Strategy might pursue stock buybacks or alter its Bitcoin holdings. The company's stock has fallen 38% year-to-date, limiting its ability to raise capital through share issuance.

BitMEX founder Arthur Hayes warned that a roughly 30% decline in Bitcoin and gold holdings could eliminate Tether's equity buffer, potentially rendering USDT theoretically insolvent. Tether reported $181 billion in assets against $174 billion in USDT liabilities as of Q3, with $139 billion held in cash and cash equivalents. The warning follows S&P Global Ratings' negative assessment of USDT stability, citing increased exposure to Bitcoin and gold.