Why Is Crypto Up Today? – November 26, 2025

The crypto market is up today, for a third day in a row, with the cryptocurrency market capitalisation rising by just 0.6%, standing pretty much unchanged at $3.1 trillion. 80 of the top 100 coins have gone up over the past 24 hours. At the same time, the total crypto trading volume is at $149 billion.

Crypto Winners & Losers

At the time of writing, 9 of the top 10 coins per market capitalization have seen their prices appreciate over the past 24 hours.

Bitcoin (BTC) has risen by 0.2% since this time yesterday, meaning it’s largely unchanged, currently trading at $87,788. This is the smallest rise today.

Bitcoin (BTC)

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Ethereum (ETH) is up by 1.1%, now changing hands at $2,938.

Solana (SOL) is the category’s best performer, having appreciated 2.1%, now trading at $139.

It’s followed by Dogecoin (DOGE)’s 1.4% to the price of $0.1521.

XRP recorded the only drop in this category: it’s down 1% to the price of $2.2.

Looking at the top 100 coins, we find that 80 recorded increases. Among these, Ethena (ENA) posted the only double-digit rise of 14.7%, now trading at $0.2983.

Next up is Bittensor (TAO), appreciating 9.5% to $320.

On the other side, Provenance Blockchain (HASH) and Figure Heloc (FIGR_HELOC) fell the most today. The former is down 5.2% to $0.02418, while the latter dropped 2.8% to $1.01.

The markets are still moving up, even if mildly, as investors expect that the US Federal Reserve will cut interest rates in December.

Moreover, fresh US data signaled a cooling economy instead of a potential hard landing.

Next Few Weeks Could Be a Lull, But…

Koinly CEO Robin Singh commented that BTC has been struggling to reclaim the $90,000 level “for far longer than most market participants expected.”

“With the market drifting toward its annual ‘Christmas hibernation’, the odds of any explosive price action before the New Year are shrinking fast,” he says.

However, all is not lost. “A decisive and unexpected reclaim above $90,000 in December would do wonders for market sentiment. It would soften the bears, and help keep 2026 clear of any early “crypto winter” anxieties before they begin,” Singh argues.

We are about to enter December, and it’s possible that the next few weeks will be a lull. “Whatever fireworks traders were hoping for may have to wait until 2026,” the CEO says.

Decembers typically don’t see a lot of movement: CoinGlass data shows that Bitcoin’s average December return has been under 5% since 2013.

Nonetheless, Singh noted that:

Notably, some have argued that perhaps the classic four-year cycle is about to be rewritten. If that ends up being the case, maybe 2026 “could be gearing up for something far bigger than anyone expected. As always in crypto…time will tell.”

Many BTC holders assumed that $100,000 would hold as a solid floor this year, and that it would snap right back after the dip. This time, that bounce just hasn’t come yet, Singh notes.

“With the Federal Reserve’s December rate-cut decision approaching and growing focus on the direction of US spot Bitcoin ETF flows, we’ll have a clearer sense of how early 2026 may unfold,” he says.

On the Ethereum front, the coin is hovering just below the $3,000 mark, and “that $100 gap between $2,900 and $3,000 might as well be referred to as the ‘ETH psychological jump’.”

Per Singh, ETH sentiment can flip extremely fast when a ‘3’ returns at the start of the ETH price.

“Will ETH push through $3K soon? Possibly. But the real question is whether it can hold it,” the CEO remarks.

He concludes that: “Right now, the spotlight is on Bitcoin, and as long as Bitcoin commands all the oxygen in the room, ETH’s momentum is tied to whatever narrative Bitcoin decides next. If BTC starts gaining strength fast, the rest of the market, ETH included, will probably follow suit not long after.”

Levels & Events to Watch Next

At the time of writing on Wednesday morning, BTC stood at $87,788. The previous 24 hours have noted quite a choppy trading day. The lowest price was $86,215, while the highest point it reached was $88,097.

The seven-day range is significantly wider: $82,175–$92,570. BTC is down 3.4% in a week, 24.3% in a month, and 30.3% from the all-time high of $126,080.

Investors are now looking to see if the price will break through the $88,000 level and maintain it, which would allow it post new gains towards $90,500 and 93,000. Should the tide turn, the coin may fall below $85,000 and, subsequently, $82,000.

Ethereum is currently changing hands at $2,938. Similarly to BTC, ETH saw choppy trading day, but its path from the intraday low of $2,862 to the intraday high of $2,973 was more straightforward.

Over the past week, the coin dropped 4.7%, moving between $2,680 and $3,095. It’s also down 30.1% in a month and 40.5% from the ATH of $4,946.

A firm hold of the $2,980 level could lead the price towards $3,000, followed by $3,150, and higher. If the market turns red, ETH could pull back to the $2,800 and $2,730 levels.

Ethereum (ETH)

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Meanwhile, the crypto market sentiment has remained unchanged over the past day, staying within the extreme fear zone. The crypto fear and greed index stands at 15 today, for the second day in a row.

The sentiment generally indicates a notable caution among investors who are waiting to see additional signals that would point to the direction the market will take in the near- and mid-terms.

ETFs Turn Green

The US BTC spot exchange-traded funds (ETFs) are back in green. On 25 November, these recorded $128.64 million in inflows. This added to the total net inflow, which now stands at $57.61 billion.

Two of the 12 BTC ETFs recorded inflows, and three saw outflows. Fidelity was at the top with $170.8 million, followed by Grayscale’s $83.01 million.

On the other hand, Ark&21Shares let go of $75.92 million, followed by VanEck and Bitwise with $36.95 million and $12.31 million in outflows.

Moreover, the US ETH ETFs recorded a third day of inflows with $78.58 million added on Tuesday. The total net inflow increased to $12.81 billion.

Three of the nine funds recorded inflows, and one saw outflows. Of these, Fidelity took in the highest amount of $47.54 million, followed by BlackRock’s $46.09 million in inflows.

At the same time, Grayscale recorded $23.33 million in outflows.

Meanwhile, Texas, USA, bought $5 million worth of BlackRock’s spot Bitcoin ETF. Notably, it is preparing a second $5 million purchase that will be held in the state’s own custody.

The 20 November transaction was disclosed this week by Lee Bratcher, president of the Texas Blockchain Council, who added that Texas has earmarked $10 million in total and will self-custody it.

Quick FAQ

1. Why did crypto move with stocks today?

The crypto market has posted an increase over the past 24 hours, and the stock market closed higher on Tuesday for the second day this week. By the closing time on 25 November, the S&P 500 was up by 0.91%, the Nasdaq-100 increased by 0.58%, and the Dow Jones Industrial Average rose by 1.43%. A fresh batch of economic data were released on Tuesday, which was delayed during the US government shutdown.

1. Is this rally sustainable?

Today’s increase is notably lower than what we’ve seen over the past couple of days. Beneficial data may keep the market in the green, but the existing data that initially brought some positive support is becoming stale and may not hold influence over the marker for much longer unless reinforcement arrives.