Bitcoin fell below its 730-day simple moving average near $81,250, marking the first breach of this multi-cycle support level in the current cycle. Market strategist Ali Martinez noted that this metric historically separates bull markets from bear phases. The $85,000–$86,000 range now represents critical resistance that will determine whether the asset recovers or extends losses toward the high-$70,000s.

Citi and Swift have successfully tested a Payment-versus-Payment model that settles fiat currency and blockchain assets simultaneously. The trial used smart contracts to enhance Swift's existing network rather than replacing traditional banking infrastructure. The breakthrough addresses a key bottleneck in institutional digital asset adoption by eliminating settlement risk between traditional and on-chain transactions.

Cash App plans to transition money transfers to blockchain infrastructure in early 2026. Users will send digital dollars instantly through stablecoins without requiring crypto expertise. The initial deployment will utilize USDC on Solana.

Ethereum has reclaimed the $3,000 level after declining to $2,885 earlier this week. The recovery is driven by three emerging catalysts: the Fusaka network upgrade scheduled for December 3, BlackRock's staking ETF filing on November 19, and sustained whale accumulation exceeding 21,000 ETH in recent sessions. Network volumes increased 14.7% in the last 24 hours, data show.

Bitcoin is trading around $91,800, up 1% in the past 24 hours but down 11.3% over the week. The modest rebound follows sharp intraday sell-offs as spot volumes thin and momentum indicators on multi-day charts weaken. Short-term holders continue aggressive loss realization, a pattern typically seen in early downtrend phases.

Bitcoin fell below $90,000 for the first time since late April, leaving all U.S. spot Bitcoin ETF investors with unrealized losses. The flow-weighted average cost basis across U.S. spot Bitcoin ETFs stands at approximately $89,600, according to Glassnode data. Major ETF issuers recorded $254 million in net outflows on November 17, marking the first cohort-wide drawdown since product launch.

A two-year investigation by the New York Times and the International Consortium of Investigative Journalists traced approximately $28 billion in funds linked to criminal activity through major cryptocurrency exchanges. Binance, OKX, and Bybit served as primary channels for proceeds allegedly generated through cyberattacks, social-engineering schemes, and large-scale fraud operations. The platforms reportedly enabled rapid conversion of illicit funds into widely traded digital assets and stablecoins, with flows continuing even after Binance paid a $4.3 billion U.S. settlement for anti-money laundering violations.

The Fear and Greed Index has dropped to 10, a level last seen during the Terra Luna collapse in 2022. Market strategist Timothy Peterson estimates a 50% to 75% probability of further decline before Bitcoin finds a bottom, potentially in December. Analysts remain divided on whether current conditions signal deeper correction or present an accumulation opportunity.

Bitcoin has declined to approximately $95,000 this week, entering its third consecutive week of losses. The probability of a Federal Reserve rate cut in December has fallen from 90% in late October to around 54%, data show. Bitcoin futures open interest dropped from nearly $100 billion to about $60 billion, reflecting significant institutional outflows.