Strategy's management has disclosed that Bitcoin holdings may be sold if balance-sheet conditions deteriorate, departing from its accumulation-only approach. The statement comes as MSCI conducts a consultation on index treatment of firms with digital asset exposure, with feedback due by January 2026. Bitcoin traded near $92,000, up approximately 5% over 24 hours.

Bitcoin has climbed above $92,000 with a 5% gain over 24 hours, while the Crypto Fear and Greed Index improved to 22 from levels between 10 and 17 last week. SUI, Chainlink, and DoubleZero posted double-digit gains amid increased participation. Broader altcoin season conditions remain constrained, though selective rotation into tokens with established use cases has emerged.

Bitcoin fell nearly 6% to trade around $85,000, extending losses from an October peak near $125,000. The Crypto Fear and Greed Index registered near 20, reflecting extreme fear as central bank communications tightened financial conditions. More than $637 million in long positions were liquidated during the decline.

Bitcoin is trading near $91,700, up approximately 3% over the past 24 hours. Sentiment indicators remain in fear territory despite the bounce. Market participants are monitoring order book depth, stablecoin issuance, and ETF flows to assess whether the recovery can sustain through key trading sessions.

Monad launched its mainnet on November 24. Data show the platform secured a top-ten AltRank position with approximately 31,970 mentions generating around 17.62 million engagements, equivalent to roughly 551 interactions per mention. MON trades near $0.046 with a market cap of approximately $500 million, according to CoinMarketCap.

XRP-related social activity reached 29.19k mentions and 12.95 million interactions in the latest period, while the Galaxy Score settled around 62, data show. The surge coincided with the launch of several XRP exchange-traded products in the United States, including offerings from Bitwise and Grayscale.

Bitcoin trading around $88,000 has intensified focus on Strategy's cost basis after the firm acquired over 8,000 BTC between November 10 and November 16 at an average of approximately $102,000 for that batch. Prolonged trading below recent purchase levels raises questions about the company's balance sheet flexibility and future funding capacity. Strategy's reliance on equity issuance for Bitcoin purchases links its operational scope directly to market sentiment in both crypto and equity markets.

U.S. authorities conducted a multi-month investigation into Bitcoin mining hardware manufactured by China-based Bitmain over potential national security threats, according to a Bloomberg report published November 21. The inquiry, designated "Operation Red Sunset," involved the Department of Homeland Security and the National Security Council. Federal assessments identified concerns that the equipment could be exploited for surveillance or infrastructure disruption, while Bitmain denied any capability for remote operation.

Coinbase filed with the U.S. Securities and Exchange Commission on November 12 to reincorporate in Texas, according to the filing. The company named Foley & Lardner LLP as Texas counsel. Partners Christopher Babcock and Christopher Converse cited the state's specialized Business Court, predictable corporate governance rules, and optional derivative litigation thresholds capped at 3% ownership as key advantages.