Bitcoin's Bollinger Bandwidth indicator has dropped below 100 for the first time since November 2023, according to macro strategist Gert van Lagen. The previous occurrence preceded a four-month rally in which the cryptocurrency doubled in value. Bitcoin is currently testing resistance near $93,000 as traders monitor for potential breakout momentum.

Gary Gensler, who recently stepped down as SEC Chairman, distinguished Bitcoin from thousands of alternative cryptocurrencies that lack fundamental value. His remarks came as Vanguard reversed its crypto ban, enabling 50 million clients to access spot ETFs and generating $1 billion in trading volume within the first 30 minutes.

Bitcoin traded around $93,000 following the release of September import and export price indexes by the U.S. Bureau of Labor Statistics at 8:30 AM ET. Import and export prices both showed no change for the month, with nonfuel imports up 0.8% year-over-year while fuel imports declined 4.0%. Markets are currently pricing in 88% odds of a Federal Reserve rate cut at the December 9-10 meeting, with subdued inflation pressures potentially supporting dovish policy expectations.

Bitcoin rose 6% to surpass $91,000 after Vanguard restored spot Bitcoin ETF access to its client base of over 50 million accounts. U.S. markets opened with more than $150 million in BTC bids, marking the strongest intraday surge since May 2025, data show. Bloomberg ETF analyst Eric Balchunas suggested the policy reversal could push Bitcoin toward $100,000 as 2026 approaches.

Distributed Lab has released a zero-knowledge Secret Santa protocol enabling private transactions on Ethereum without exposing participant identities. The system uses cryptographic proofs and relayers to address blockchain transparency challenges. The development advances enterprise-grade privacy as global regulatory frameworks demand stricter data-sharing compliance.

The People's Bank of China convened 13 government agencies on November 28, 2025, to coordinate enforcement against resurgent virtual asset speculation. Officials identified stablecoins as tools for money laundering and illegal cross-border fund transfers, reiterating that cryptocurrencies hold no legal tender status in China. Hong Kong-listed crypto-exposed firms fell sharply following the announcement, with Yunfeng Financial Group dropping over 10%.

Cryptocurrency markets posted their steepest monthly decline since February, with centralized exchange trading volumes falling to $1.59 trillion. U.S. spot Bitcoin ETFs recorded $3.48 billion in net outflows during November. Bitcoin dropped below $86,000 on December 1, triggering over $564 million in long position liquidations amid Bank of Japan rate hike speculation.

Nasdaq has elevated its tokenized stock proposal to a priority initiative, with digital assets chief Matt Savarese confirming the exchange will pursue SEC approval with urgency. The filing, submitted in September 2025, seeks permission to enable on-chain trading of blockchain-based share representations within existing market rules. Investor rights including voting privileges and dividend entitlements would remain intact under the framework.

The National Bank of Kazakhstan will invest between $50 million and $300 million in digital assets from its foreign exchange reserves. Chairman Timur Suleimenov confirmed the allocation range during a November 28 briefing, according to RBC. The institution will adopt a cautious approach as Bitcoin dropped 17% from $110,000 in early November to $81,000, erasing $500 billion from aggregate crypto market capitalization.