Bitcoin climbed 6.98% to $93,099 from $87,019 over 24 hours after Vanguard reversed its policy on cryptocurrency ETFs. The asset manager enabled clients to purchase funds holding Bitcoin, Ethereum, XRP, and Solana on Tuesday. Bloomberg ETF analyst Eric Balchunas linked the rally to what he called the "Vanguard Effect," noting $1 billion in IBIT volume within the first 30 minutes of trading.

Digital asset investment products recorded $1.94 billion in net outflows during the week ending November 25, 2025, data show. Bitcoin products accounted for $1.27 billion of the withdrawals, while Ethereum products saw $589 million exit. XRP attracted $89.3 million in inflows, bucking the broader trend.

Ethereum, Chainlink and Cardano are showing Market Value to Realized Value metrics between -15.4% and -19.7% for 30-day active wallets, data show. Santiment states these levels historically signal potential accumulation zones. Bitcoin's social dominance reached a four-month high as the price fell below $95,000, reflecting heightened retail concern.

Bitcoin dropped below $100,000 for the first time since June, reaching approximately $99,075 and triggering $2.02 billion in leveraged position liquidations across the cryptocurrency market. The decline occurred alongside a broader equity market selloff, with long positions accounting for the majority of liquidations.