📰 Crypto Market Summary

• Bitcoin stabilizes above $90K after deep drawdown: BTC trades around $91,241, up roughly 0.45% on the day, as markets weigh a near‑90% implied chance of a December Fed cut and the end of quantitative tightening against a 36% pullback from October’s ~$126K peak. “Fed flip” chatter and growing institutional use of spot ETFs help, but record ETF outflows and stress in BTC‑linked stocks keep talk of further downside alive. Fed flip & BTC repricing | ETF outflows vs. SOL inflows
• Ether outperforms majors on rates and yields: ETH is up about 1.4% near $3,032, outperforming BTC as lower expected U.S. rates reduce pressure on risk assets and subdued stablecoin yields make staking income more compelling. Analysts see room for a further mid‑single‑digit move if ETH can hold above key resistance zones, with network upgrades, DeFi activity and ETF participation underpinning the high‑beta “hard asset” narrative. ETH volume & ETF punch | ETH could outperform majors
• XRP slips as rotation favors yield and growth: XRP trades near $2.20, off around 0.3% on the day, underperforming as flows tilt toward staking‑enabled and growth‑narrative assets such as ETH and SOL. With macro headlines focused on Fed policy and AI‑driven equity volatility, token‑specific catalysts are light, leaving XRP to trade as a liquidity vehicle inside broader risk‑on/risk‑off swings. Majors performance snapshot
• Solana grinds higher on altcoin rotation and ETF optimism: SOL is up about 1.3% near $137.89, continuing a slow recovery as some flows rotate out of BTC and ETH into higher‑beta layer‑1s. Earlier SOL‑linked ETF launches, strong first‑month inflows and narratives around high‑throughput DeFi and NFT ecosystems keep it among preferred altcoins when risk appetite improves. Record SOL ETF inflows | SOL eyes breakout momentum
• Macro backdrop: dovish Fed hopes, softer dollar, choppy risk‑on: December Fed cut odds have surged above 80–85%, with some probability of a more dovish leadership regime that could weigh on the dollar and support crypto and equities. Yet weak U.S. retail data, softness in China PMIs and concern over frothy AI valuations mean any “Santa rally” in risk assets is likely to be choppy and headline‑driven rather than a straight line. Fed cut odds near 85% | Prediction markets price cuts

📊 Sentiment Dashboard

🔢 Market Performance

• BTC extends a modest rebound but remains below December’s starting point, while ETH leads majors on both daily and weekly performance.
• BNB and TRX continue to post solid positive YTD gains, contrasting with DOGE, ADA and HYPE, which remain deep in drawdowns.
• SOL shows steady recovery momentum but still sits well below its December reference level, reflecting ongoing caution in high‑beta names.

💰 Funding & Institutional Moves

November marked the worst month on record for U.S. spot BTC and ETH ETFs, with roughly $3.7–$3.8B in net outflows as investors de‑risked on macro fears and profit‑taking. At the same time, newer SOL and XRP‑linked products saw meaningful inflows, highlighting a rotation in how institutions are gaining exposure across the asset class. Record BTC & ETH ETF outflows | Flows shift toward SOL

Signal: Capital isn’t leaving crypto entirely—it’s rotating between vehicles and narratives, with ETFs now a central battlefield for allocation.

🛠️ Tech, Protocol & Ecosystem

Developers and infra teams continue to push ahead despite price noise, with Ethereum scaling work, Solana performance tweaks, and new security tooling rolling out across DeFi and bridge ecosystems. High‑frequency trading, restaking, and intent‑based execution remain core themes as builders try to make on‑chain rails competitive with traditional market plumbing. ETH infra & macro headwinds

Builder signal: Upgrades shipped today set the stage for the next risk cycle—regardless of whether price chops sideways near term.

⚖️ Regulation & Policy Watch

Policy discussions remain focused on how a potential December Fed cut, evolving ETF frameworks, and stablecoin rules will shape liquidity and risk tolerance across markets. Globally, regulators continue to refine custody, disclosure and reserve standards for tokenized assets while leaving room for jurisdictional competition on innovation. Markets cool as rules tighten

Signal: Monetary policy and market‑structure rules are now as important as technology when assessing crypto’s near‑term path.

🎟️ Events, Community & Builders

• Weekend spaces and streams debate whether BTC’s base above $90K is a launchpad or just a pause before another leg lower.
• Ethereum and Solana dev communities host AMAs on end‑of‑year upgrades, security audits, and early‑2026 roadmap milestones.
• Institutional roundtables recap November’s ETF flows, macro surprises, and what treasuries learned from this month’s drawdowns.

Builder signal: Conversation is shifting from pure price to how infra, policy, and capital stacks will look heading into 2026.

⚡ Risk & Tactical Lens

BTC’s stabilization near $91K with dovish macro odds and lighter leverage is constructive, but heavy ETF outflows, gold’s strong relative run, and uneven breadth keep two‑way volatility firmly in play.

Pro tip: Track Fed cut odds, ETF flow trends and altcoin rotation together—they often move before headline price, not after.