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.

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.

Texas completed a $10 million Bitcoin acquisition on November 20, becoming the first U.S. state to hold BTC in its treasury. The purchase was executed through BlackRock's spot Bitcoin ETF at an average price of $87,000 per coin. The state plans to transition to self-custody infrastructure in future phases.

Solana staking exchange-traded funds attracted $369 million in net inflows during November, data show. Bitcoin and Ethereum ETFs experienced significant redemptions over the same period. Investors appear to favor SOL for its staking yield rather than price speculation alone.

Bitcoin miners face unprecedented profitability challenges as network computing power reached 1.16 zettahashes per second in autumn 2025. Bitcoin prices slipped into the low $80,000 range at the start of November, creating a sharp disconnect between rising operational demands and declining revenue per unit of hashrate. ASIC hardware payback periods have stretched beyond 1,200 days—the longest repayment cycle the industry has recorded, according to The Miner Mag data.

Ethereum has reached a critical support zone that may determine its near-term price trajectory. Bitcoin is consolidating around key levels. On-chain data shows exchange reserves have fallen to all-time lows, suggesting long-term accumulation by holders.

Bitcoin is trading around $87,000 following a sharp sell-off that triggered $66.52 million in liquidations, with short positions accounting for $43.53 million of losses. The Relative Strength Index has dropped to levels seen only six times in Bitcoin's history, conditions that have historically preceded strong reversals. Analysts remain divided on the outlook, with some projecting potential declines toward $40,000 based on monthly MACD patterns, while others view current conditions as a long-term accumulation zone.

Grayscale has secured U.S. Securities and Exchange Commission approval to launch exchange-traded funds for XRP and Dogecoin on the New York Stock Exchange. The regulatory clearance, granted on November 21, expands institutional access to altcoin investment products beyond Bitcoin and Ethereum offerings.

Bitcoin may see continued decline despite briefly rallying above $85,000, according to market strategists. The cryptocurrency remains under bearish pressure after breaking a multi-year ascending channel, with analysts expecting prolonged sideways movement before directional clarity emerges. The loss of support that held since 2023 forces traders to identify new foundational levels.