Bitcoin traded around $90,400 on Tuesday as cryptocurrency markets stabilized following one of the worst Novembers since 2018, despite new data indicating Europe was the leading contributor to the month’s selling pressure.
BTC increased by 1% over the past 24 hours, while ether rose by 0.2%, according to CoinGecko. Other major altcoins showed a mixed performance; BNB gained nearly 1%, SOL decreased by 0.6%, and XRP dipped slightly. The overall market retained its recent recovery, though liquidity remained low ahead of Wednesday’s Federal Reserve meeting.
Recent timezone-specific analysis from Presto Research revealed that Europe was the main factor behind November’s 20–25% declines in BTC and ETH, with average session returns turning significantly negative throughout the month. Conversely, the Asia and US sessions were mostly flat, highlighting the divergence in regional flows as crypto assets de-leveraged.
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November’s downturn coincided with notable repositioning in listed crypto equities. Strategy announced its largest Bitcoin acquisition in more than three months on Monday, buying 10,624 BTC for $963 million.
This acquisition, primarily financed through new equity issuance, brings its total holdings to approximately 660,600 BTC, valued at around $60 billion at current market prices. The company’s shares were trading near $180 but remain down about 50% over the last six months as investors assess the risk of being removed from key MSCI indices.
Meanwhile, the macroeconomic climate continues to pose challenges for crypto prices. Asian equities fell as traders anticipated the Fed’s rate cut and any indications regarding the timeline for easing into 2026. Global bond yields remained high following Monday’s decline, applying additional pressure to high-risk assets.
Sentiment within the crypto space remains delicate. CryptoQuant’s Bull Score index dropped to zero for the first time since January 2022, with most BTC on-chain metrics turning bearish in the absence of new liquidity.
Simultaneously, several medium-term catalysts are emerging, including potential changes to US 401(k) regulations in early 2026 that could enable trillions in retirement savings to be invested in Bitcoin.
Bitcoin was last trading near $90,300, as traders speculate whether the market can push towards the $94,000–$98,000 range or if European trading hours will continue to apply pressure as year-end positioning tightens.
