Price-Action

For the first time in a decade, Bitcoin is on track to end the year lower while the S&P 500 posts significant gains, marking a historic decoupling. The divergence is attributed to a boom in AI stocks versus forced selling in crypto, though investors remain cautiously optimistic about 2026.

The crypto market is holding steady ahead of the U.S. Federal Reserve’s key interest rate decision. Bitcoin and Ethereum are posting modest gains as investors anticipate a potential rate cut, which could drive more capital into riskier assets.

Ethereum has successfully deployed the long-awaited Fusaka upgrade, a major network enhancement focused on scaling and efficiency. The price of ETH responded immediately, climbing over 4% as the upgrade went live.

Bitcoin is down nearly 17% in November, potentially marking the worst November since 2018, but market sentiment shows signs of recovery with the Fear & Greed Index improving.

Merlin Chain experienced extreme volatility around its mainnet upgrade, plunging 50% before surging 150% and then falling again, leaving investors reeling.

The crypto market shows slight gains with a total cap above $3 trillion, but Bitcoin remains volatile and down 30% from its October peak. Analysts are split on whether the recent dip was the bottom or if further declines are likely.

This article examines the so-called ‘crypto-Thanksgiving effect,’ questioning its validity as a market driver. It analyzes Bitcoin’s historical performance during the Thanksgiving period and discusses potential market patterns for the current year, concluding that the holiday itself has little direct impact on crypto prices.

Crypto analyst CrediBULL has drawn a striking comparison between Bitcoin’s current price action and the historical chart of the S&P 500, suggesting the world’s largest cryptocurrency may be on the verge of a major parabolic rally.