Bitcoin recovered from $80,000 to approximately $88,000 following last week's decline, but institutional analysts say upward momentum has weakened. Trading desks cite reduced leverage, cautious year-end positioning, and limited liquidity as factors making a move above $100,000 unlikely before early 2026.

Bitcoin has fallen from its all-time high of $126,000 to approximately $80,000, erasing over $600 billion in market capitalization. The cryptocurrency currently trades near $87,000 as traders monitor critical support zones. Three primary factors are driving the downturn: Federal Reserve policy shifts, institutional capital outflows combined with leveraged position liquidations, and tightening global liquidity conditions.

Coinbase Ventures has outlined its 2026 investment strategy, prioritizing perpetual futures for real-world assets, specialized trading platforms, and AI-blockchain integration. The venture arm identified prediction market terminals and reputation-based lending as emerging opportunities in decentralized finance.

MegaETH terminated its pre-deposit campaign after multiple technical malfunctions pushed contributions to $500 million, well beyond initial controls. An early execution of a Safe multisig transaction, combined with configuration errors and rate-limiting issues, allowed deposits to proceed uncontrolled. The team froze the raise at $500 million and abandoned plans to expand to $1 billion.

Texas established the first U.S. state strategic Bitcoin reserve with an initial $10 million allocation. On November 20, the state purchased $5 million worth of BlackRock's iShares Bitcoin Trust at $87,000 per BTC. The remaining $5 million has been reserved for future acquisitions.

Franklin Templeton has completed the final SEC filing for its Solana exchange-traded fund, positioning the product for imminent trading under ticker SOEZ on NYSE Arca. The fund will charge an annual fee of 0.19%, waived on the first $5 billion in assets through May 2026. The move follows strong inflows into single-asset crypto ETFs, including the firm's XRP product, which attracted nearly $70 million in its first two days.

The Monad blockchain experienced fraudulent ERC-20 transfer activity less than two days after its mainnet launch. Attackers exploited the token standard to generate fake transaction records on block explorers, creating misleading wallet activity without moving actual funds or obtaining user signatures. James Hunsaker, CTO and co-founder of Monad, confirmed the issue stems from the ERC-20 interface standard rather than network vulnerabilities.

JPMorgan has launched a structured note tied to BlackRock's spot Bitcoin ETF (IBIT), according to a filing with the U.S. Securities and Exchange Commission. The investment vehicle targets institutional clients and offers tiered returns based on IBIT's price performance. Investors can earn a 16% return if the ETF reaches its target price by 2026, with an extended opportunity window through 2028 if the initial target is not met.