📰 Crypto Market Summary

• Bitcoin stabilizes but faces big resistance: BTC trades around $91K–$92K after rebounding from near‑$80K lows, helped by cooling volatility and stronger expectations for a December Fed cut. Traders flag the $98K–$100K zone as critical resistance—spot and options flows increasingly target $100K, but breaking the month‑long downtrend will require a clean move and close above that band.
• Macro repricing lifts majors: Futures now price roughly an 87% chance of a 25 bps Fed cut in December, pushing the dollar and implied volatility lower across BTC and U.S. equities. This dovish shift has reduced demand for downside protection in BTC and ETH options, supporting a slow grind higher in large caps even as underlying breadth remains weak.
• Ether benefits from yields and ETF support: ETH trades modestly higher near $3,050–$3,075 after bouncing off Fibonacci support around $2,750. Deribit and OTC desks report interest in higher‑strike ETH calls, and some analysts see room toward the $3,500 area if price can hold above the ~$3,017 resistance level on a closing basis.
• XRP wrestles with a “death cross”: XRP sits just under $2.20 following a bearish moving‑average crossover and multiple rejections at the $2.23–$2.24 resistance band. ETF inflows and falling exchange balances point to structural accumulation, but charts still warn of potential downside toward $2.08–$1.90 if the $2.17–$2.18 support shelf fails.
• Solana hit by security headlines: SOL trades down around 2% near $138–$140, giving back part of its strong recent run and trading with negative funding that highlights short bias. Reports of a months‑long browser malware scheme that added hidden fees to Raydium swaps have weighed on sentiment even as broader crypto markets attempt to stabilize.
• Altcoin season still missing: Roughly 85 of the top 100 coins sit below their 50‑day moving averages, and an altcoin‑season gauge near 21/100 suggests investors continue to favor BTC and ETH over high‑beta names. Select tokens like SKY and some meme coins have spiked on narrative flows, while prior winners such as ZEC and MON see sharp profit‑taking.
• Bitcoin dominance behaves differently this time: Unlike earlier 30% drawdowns where BTC’s market share rose, this correction saw dominance fall from around 61% to below 59% as many altcoins held up relatively better. Analysts read this as evidence that deleveraging hit BTC hardest, raising questions about whether dominance could slide further later in the cycle.

📊 Sentiment Dashboard

🔢 Market Performance

• BTC holds well above last week’s lows but remains below its December starting point as resistance builds overhead.
• ETH and SOL post stronger 7‑day gains off support levels, while BNB and TRX continue to show solid positive YTD performance.
• DOGE and ADA stay among the cycle’s biggest laggards, and HYPE dips slightly on the day after a brief bounce.

💰 Funding & Institutional Moves

Thanksgiving holiday closures muted ETF prints, but flows earlier in the week showed continued interest in BTC and ETH structures and growing appetite for options‑based yield strategies. Desk chatter points to more institutions experimenting with covered‑call overlays and structured notes tied to digital asset indices as they look for defined‑risk ways to stay involved.

Signal: Even on quieter days, product engineers keep building wrappers around spot and derivatives to make crypto exposure fit existing institutional playbooks.

🛠️ Tech, Protocol & Ecosystem

Security takes center stage as new research details a malicious browser extension that added hidden SOL fees to Raydium swaps over several months, prompting renewed emphasis on wallet hygiene and extension risk. At the same time, builders across L1s and L2s continue to ship upgrades for cross‑chain messaging, intent‑based order flow, and more robust DeFi risk engines.

Builder signal: Expect more audits, security tooling, and UX improvements as ecosystems respond to the latest attack vectors while continuing to push infra forward.

⚖️ Regulation & Policy Watch

With U.S. markets in holiday mode, regulators and policymakers remain focused on stablecoin oversight, tokenized‑asset rules, and how rate decisions intersect with digital‑asset risk. Overseas, supervisors in Europe and Asia refine guidance on custody, disclosures, and reserve standards as they prepare for 2026 implementation timelines.

Signal: Regulatory velocity may feel slower this week, but the direction remains toward clearer guardrails on infrastructure, reserves, and cross‑border operations.

🎟️ Events, Community & Builders

• Holiday‑themed spaces and live streams focus on BTC macro narratives, rate‑cut odds, and whether on‑chain metrics are signaling a true bottom or just a relief bounce.
• Dev calls this weekend highlight end‑of‑year testnet releases for rollups, cross‑chain bridges, and new DeFi primitives ahead of Q1 mainnet launches.
• Institutional webinars recap 2025 ETF launches, treasury allocation experiments, and the evolving toolkit for digital asset risk management.

Builder signal: Community energy is shifting from hype back to architecture, security and long‑term capital frameworks.

⚡ Risk & Tactical Lens

BTC’s stabilization near $91K sits on a foundation of rate‑cut optimism and calmer volatility, but major resistance overhead, thin post‑holiday liquidity, and uneven breadth keep two‑way risk high.

Pro tip: Watch the $98K–$100K band, Fed cut odds, and altcoin‑season gauges as early indicators of whether this bounce evolves into a trend—or just another rally inside the range.