Crypto Daily Market Report : Key News, Trends, and Insights in Cryptocurrency & Blockchain– November 24, 2025

Macro Environment: The Fed’s No. 3 official, John Williams, struck a dovish tone, stating that there is still room for rate cuts in the near term. Market expectations for a December rate cut rose to 70%. U.S. equity markets rebounded, with all three major indexes closing higher.

Crypto Market: Bitcoin fell to around $80,650 before rebounding to a high of $88,000 following the dovish remarks. Market sentiment saw slight improvement but remained in “extreme fear.” Bitcoin dominance stayed near 59%, while tokens such as TNSR, HBAR, and ZEC showed strong performance.

Grayscale DOGE and XRP spot ETFs list on NYSE Arca

SGX Derivatives launches crypto perpetual futures contracts

Monad mainnet and MON token go live

U.S. Bureau of Labor Statistics: October CPI release canceled; November CPI will be released on December 18

University of Michigan survey: U.S. Consumer sentiment falls to one of the lowest levels on record

Fed’s Williams reiterated room for near-term rate cuts; traders increased bets on a December cut, with a 69.4% probability of a 25 bps reduction

U.S. November S&P Global Composite PMI (flash): 54.8, a four-month high; services PMI accelerated while manufacturing PMI slowed

U.S. Treasury Secretary Bessent: Government shutdown caused a permanent $11 billion hit on U.S. GDP

Japan’s cabinet approved an economic stimulus package totaling over ¥21 trillion

U.S. SEC to hold a roundtable on December 15 to discuss crypto privacy issues

Six major Japanese asset managers express interest in launching crypto funds

U.S. Treasury Secretary Bessent spotted at a Bitcoin-themed bar in Washington

Grayscale DOGE and XRP spot ETFs to list Monday on NYSE Arca

Coinbase Bitcoin Premium Index remains negative for the third consecutive week

Bitwise CEO increases Bitcoin holdings at around $85,000

Political Signal: This unexpected public appearance was widely interpreted by the crypto community and market participants as a clear signal of the U.S. federal government's supportive stance towards Bitcoin and the broader digital asset space.

Secretary's Stance: Treasury Secretary Scott Bessent has been viewed as a pro-crypto official since his nomination. He has previously spoken publicly about the need for the U.S. to become a global digital asset hub and has explored policies, including the possibility of establishing a strategic Bitcoin reserve.

Venue Symbolism: The bar, named Pubkey, is located in Washington and has a sister location in New York. Its association with political figures makes the brand a unique symbol of the intersection between politics and crypto culture.

Market Reaction: Although the visit occurred during a price dip for Bitcoin (around the $84,000 mark), the event generated significant optimism in the community, with many industry figures calling it a "historic moment" that further solidified Bessent's pro-crypto image.

Product Innovation: Following the listing of Bitcoin and Ethereum spot ETFs, Grayscale's introduction of Dogecoin (DOGE) and XRP spot ETFs signals further mainstreaming and asset class expansion in the digital asset ETF sector.

Listing Details: The Grayscale Dogecoin Trust is expected to be renamed the Grayscale Dogecoin Trust ETF (GDOG) and is scheduled to begin trading on the NYSE Arca exchange on Monday, November 24th.

Market Impact: The listing of spot ETFs offers retail investors a new avenue to purchase these cryptocurrencies through traditional brokerage accounts without directly holding the tokens. This typically leads to increased institutional capital inflow and could provide significant upward price support for both DOGE and XRP.

XRP's Significance: XRP has received specific attention due to its prior legal dispute with the SEC. The approval for its spot ETF listing further affirms XRP's tradability and asset legitimacy within the U.S. regulatory environment, which is highly important for the Ripple ecosystem.

Index Definition: The Coinbase Bitcoin Premium Index measures the price difference between Bitcoin on Coinbase (which is predominantly retail-driven in the U.S.) and the average price on major global exchanges.

Market Context: This negative trend coincided with the price decline of Bitcoin in November, falling to the $85,000 range. The persistent negative premium for three consecutive weeks suggests that the selling pressure in the U.S. market is not a short-term phenomenon and reflects sustained bearish sentiment.

Correlation with Other Metrics: The negative premium may be associated with outflows from U.S.-listed Bitcoin ETFs, further confirming the risk-off sentiment among U.S. investors towards crypto assets.

CEO Confidence: Bitwise is a prominent crypto asset management firm. The decision by its CEO, Hunter Horsley (or Chief Investment Officer Matthew Hougan), to increase Bitcoin holdings as the price approached the critical psychological and technical support level of $85,000 sends a strong signal of confidence to the market.

Contrarian Strategy: The buying activity occurred during a period of market-wide bearish sentiment and falling prices, demonstrating a contrarian investing philosophy. This suggests a belief that the current price level is undervalued and represents a prime buying-the-dip opportunity.

Institutional View: Bitwise has previously made bullish forecasts, such as predicting a Bitcoin price of $200,000 by the end of 2025. Buying at $85,000 is consistent with their long-term bullish outlook, suggesting they view the current drop as a temporary correction.

Market Impact: The personal investment decisions of institutional leaders and well-known investors are often viewed as "smart money" movements. These actions can help stabilize market sentiment and attract other long-term investors.