Bitcoin and other cryptocurrencies are starting to recover after a tough drop in November, but markets are still feeling pressure—especially from Europe. Bitcoin is currently trading around $90,300, and investors are watching closely to see if it can rise toward the $94,000–$98,000 range. However, continued selling during European trading hours may slow down any upward momentum.

**European Markets Triggered November Drop**

Data shows that most of the big losses in Bitcoin (BTC) and Ethereum (ETH) last month happened during European trading sessions. During these hours, prices dropped the most, while Asian and U.S. trading hours remained mostly stable. This trend highlights how different regions are reacting differently as crypto markets go through a correction phase.

Bitcoin dropped by 1% in the past day, and Ethereum slipped just 0.2%. Other altcoins like BNB fell 1.5%, SOL lost 2%, and XRP dipped slightly. Overall market activity remains quiet as traders wait for a key interest rate decision from the U.S. Federal Reserve, expected this Wednesday.

**Big Bitcoin Purchase Shows Investor Confidence**

Despite market uncertainty, one major company made a bold move by buying over 10,600 BTC for nearly $1 billion—their biggest purchase in three months. This brings their total Bitcoin holdings to around 660,600 BTC, valued at about $60 billion. However, the company’s stock is still down nearly 50% over the last six months, raising concerns among investors.

**Global Factors Add to Market Uncertainty**

Outside of crypto, global financial conditions are also affecting sentiment. Stock markets in Asia are slightly down as investors wait for clues on future U.S. interest rate cuts. High global bond yields continue to make risky assets like crypto less attractive.

Adding to the cautious mood, CryptoQuant’s Bull Score—which tracks bullish behavior in Bitcoin’s on-chain data—has fallen to zero for the first time since January 2022. This suggests bearish sentiment is dominating the market right now.

**South Korea Pushes for Clearer Crypto Rules**

In Asia, South Korea’s financial regulator has finished drafting new rules for crypto exchanges. These new regulations are designed to improve market transparency and attract more institutional investors. Experts believe clearer rules in regions like South Korea could help stabilize global crypto markets in the long run.

Looking ahead, changes to U.S. retirement plans like 401(k)s could also open the door to Bitcoin investments starting in 2026—potentially bringing trillions of dollars into the crypto space.

For now, all eyes are on Bitcoin’s next move and whether upcoming policy decisions and improved regulations can help boost confidence across global crypto markets.