Bitcoin price hovered near $93,000 on Tuesday as the market continued to reel from thin liquidity, cascading leverage, and growing bearish conviction across key technical levels.

The Bitcoin price traded near $94,000 at midday, up 1% in the past 24 hours, with a hefty $111 billion in trading volume. The asset now sits 1% below its weekly high of $93,669 and 4% above its weekly low of $89,368.

Bitcoin’s circulating supply stands at 19,950,440 BTC, inching closer to its 21 million hard cap, while its global market cap ticked 1% higher to $1.85 trillion, according to Bitcoin Magazine Pro data.

But sentiment is anything but buoyant. With volatility rising and liquidity…

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I spent the past week in El Salvador for the third time in one year, and it’s clear the country is undergoing a real transformation. Not theoretical, not surface-level — a shift in how people live, think, build, and imagine their future. And the moment that crystallized this transformation came at the end of the week, during a private dinner with President Nayib Bukele, which I was privileged to take part in.

I’ve followed his work for a few years. I’ve interviewed nine Salvadorans and expats living in the country on my podcast — as well as merchants, builders, grassroots organizers, and everyday citizens. A year ago, I tweeted that my dream was to meet him one… Read more on BitcoinMagazine

The U.S. Office of the Comptroller of the Currency (OCC) has given national banks the green light to hold crypto on their balance sheets for the purpose of paying blockchain network fees. 

The guidance, issued in interpretive letter No. 1186 today, also allows banks to keep crypto on hand to test internal or third-party crypto platforms.

Blockchain networks require native tokens to process transactions. These fees, often called “gas fees,” are unavoidable. 

The OCC said banks can hold the tokens they reasonably anticipate needing. This could include paying fees as part of crypto custody services or facilitating client transactions. The goal is to reduce reliance on…

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Tether has announced a major strategic investment in Ledn, a leading provider of bitcoin-backed consumer loans, marking a strong push toward expanding crypto-powered credit access. While the investment amount remains undisclosed, the move signals Tether’s growing commitment to strengthening real-world financial services built on digital asset infrastructure.

Ledn, known for surviving the 2022 crypto-lending sector collapse that took down BlockFi, Voyager, Celsius, and Genesis, has since streamlined its operations and adopted a bitcoin-only model. This simplified approach has sharpened its focus and boosted user confidence, enabling customers to access liquidity without selling their BTC.

The company has already originated over $2.8 billion in bitcoin-backed loans since launch and is on pace for its best year ever. More than $1 billion in loans have been issued in 2025, including $392 million in Q3 alone—nearly matching the platform’s total 2024 volume. Tether’s investment is expected to accelerate this momentum and further strengthen bitcoin-based financial services.

Bitcoin price briefly dipped below $90,000 overnight on Tuesday, its lowest level since April 22, before recovering to trade above $93,500 this morning.

Currently, the Bitcoin price is trading at $93,794, semi-unchanged in the past 24 hours, with a $124 billion trading volume. It sits 1% below its 7-day high of $94,212 and 5% above its 7-day low of $89,188, with a market cap of $1.86 trillion, according to Bitcoin Magazine Pro data.

Over 19.95 million BTC have now been mined, exceeding 95% of the 21 million maximum supply, and new coins are issued through mining, which slows over time due to halving events every four years. The final fractions of Bitcoin are expected to be mined…

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Some sell Bitcoin on the dips while others aggressively buy more — and so far, it’s the accumulators who’ve come out ahead, though only time will decide which strategy ultimately wins.

El Salvador is pressing ahead with its aggressive Bitcoin accumulation strategy despite one of the steepest market drawdowns of the year. The Central American nation purchased 1,091 BTC on Tuesday — nearly $100 million worth — according to data from the country’s Bitcoin Office. 

President Nayib Bukele later posted a screenshot on X confirming that the government accumulated 1,098.19 BTC over the past seven days, pushing total holdings to 7,474.37 BTC valued at roughly $688… Read more on BitcoinMagazine

VanEck’s new Solana ETF (VSOL) officially launched Monday, entering a fast-growing field of staking-enabled Solana funds from Bitwise and Grayscale, which have already drawn more than $380 million since late October. The ETF offers staking rewards to investors holding Solana within the fund, and VanEck is waiving its 0.3% management fee until February 17 or until VSOL reaches $1 billion in assets — an aggressive move to capture early market share after the SEC’s September rule change accelerated crypto ETF approvals.

Competition is set to intensify as Fidelity prepares to debut its own Solana ETF (FSOL) on Tuesday. Most Solana ETFs charge around 0.25%, and analysts note that Fidelity is the largest asset manager entering the Solana category, with BlackRock still absent. The expanding lineup highlights accelerating demand for altcoin exposure beyond Bitcoin and Ether.

More altcoin ETFs are approaching launch, including Grayscale’s Dogecoin ETF, which could go live as early as November 24. Bitwise may follow shortly, underscoring a widening push by issuers to lead the next phase of crypto investment products.

Well, the hopes and dreams of the bulls have been dashed this week after Bitcoin closed the week out at $94.290, below the key $96,000 weekly support level. In the weeks ahead, we should expect more bearish price action as key support levels have been lost. Bounces back up may come, but they are unlikely to result in recapturing any meaningful price levels. 

Key Support and Resistance Levels Now

Bitcoin price closed below the $96,000 support level identified in this article in prior weeks. Closing near the lows below this level provides very little chance, if any, for the price to recover and resume a bull market anytime soon. Looking lower, we have our next major support…

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Bitcoin price has tumbled to its lowest level in six months, trading from below $92,000 to the $95,000s range today, only less than six weeks from hitting a record highs near $126,000 in early October. 

The roughly 30% decline comes as traders grapple with renewed uncertainty over whether the Federal Reserve will cut interest rates at its December meeting. 

At the time of publishing, the lowest Bitcoin price recorded today was $91,158, per Bitcoin Magazine data.

Missing economic data from last month’s 43-day government shutdown has left policymakers in a cautious stance, with Fed Chair Jerome Powell noting that “a further reduction in the policy rate…is not a foregone…

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Singapore Exchange’s derivatives arm is set to shake up institutional crypto trading with the launch of bitcoin and ether perpetual futures on Nov. 24. The exchange says the new products will blend the reliability of global derivatives markets with the flexibility of crypto’s most traded instruments. SGX Group president Michael Syn highlighted that digital assets are now firmly part of institutional portfolios, calling the move a deliberate step toward bringing disciplined, regulated structures to crypto trading.
Perpetual futures—futures contracts without an expiry—are popular among crypto traders for allowing positions to be held indefinitely. These products typically dominate offshore and unregulated markets, generating over $187 billion in daily volume. SGX’s contracts will reference the iEdge CoinDesk Crypto Indices, providing institutions familiar, benchmarked pricing supported by 24/7 data.
Industry leaders, including DBS Bank and OKX, welcomed the launch, calling it a timely expansion of Singapore’s digital asset ecosystem. They said the products will offer institutions more efficient ways to gain crypto exposure while adding transparency and confidence to the market.

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