Bitcoin hovered near $90,400 on Tuesday as crypto markets stabilized after one of the sector’s worst November performances since 2018, even as new data showed Europe led the month’s selling pressure by a wide margin.
BTC rose 1% over the past 24 hours, while ether added 0.2%, according to CoinGecko. Major altcoins were mixed; BNB was up almost 1%, SOL was down 0.6% and XRP was lower. The broader market held its recent rally, although liquidity remained thin ahead of Wednesday’s Federal Reserve decision.
Fresh time zone-segmented data from Presto Research showed that Europe was the primary driver behind November’s 20-25% pullbacks across BTC and ETH, with average session returns turning deeply negative over the month. In contrast, Asia and the US sessions were largely flat, suggesting how regional flows diverged as crypto leveraged.
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November’s decline also coincided with significant repositioning in listed crypto stocks. Strategy on Monday revealed its biggest Bitcoin acquisition in more than three months, buying 10,624 BTC for $963 million.
The drawdown, largely financed through the issuance of new shares, brings its total holdings to about 660,600 BTC, worth about $60 billion at current prices. The company’s shares are trading near $180 and remain down about 50% over six months as investors weigh the risk of removal from key MSCI indexes.
Meanwhile, the macro climate remained the main constraint for directional crypto. Asian stocks fell as traders braced for a Fed rate cut and any signal on the pace of easing into 2026. Global bond yields remained high after Monday’s slowdown, adding pressure on high-beta assets.
Crypto-specific sentiment remains fragile. CryptoQuant’s Bull Score index fell to zero for the first time since January 2022, with most on-chain BTC indicators turning bearish without fresh liquidity.
At the same time, several medium-term catalysts are forming on the horizon, including potential US 401(k) rule changes in early 2026 that could open up trillions in retirement savings to Bitcoin exposure.
Bitcoin last traded near $90,300, with traders looking to see if the market can push towards the $94,000-$98,000 band or if European hours continue to exert pressure as the year-end position tightens.
