Market Rebounds Despite Recent Pressure

The cryptocurrency market is showing renewed strength as Bitcoin climbed past the $87,000 mark on November 24, 2025. This positive momentum, partly fueled by speculation over potential Federal Reserve interest rate cuts, comes despite a recent analysis from NYDIG that pointed to significant headwinds. According to the firm, reversals in both Exchange-Traded Fund (ETF) flows and Treasury markets had recently pulled Bitcoin down to multi-month lows, creating what some analysts described as a fragile market with shallow liquidity.

On the project level, volatility remains a key theme. The token for Pump.Fun experienced a sharp 24% decline over the past week after the project cashed out $436.5 million in USDC. The move highlights the significant price swings that can affect individual assets even during a broader market upswing.

Global Regulatory Landscape in Focus

Governments and financial authorities continue to shape the industry’s future. In a significant political development, former President Trump has appointed PayPal veteran David Sacks to a key advisory role overseeing White House policy on artificial intelligence and cryptocurrency.

Meanwhile, South Korean regulators are preparing to impose sanctions on cryptocurrency exchanges that fail to meet their Anti-Money Laundering (AML) obligations, signaling a stricter enforcement environment in the region. In contrast, Animoca Brands has achieved a milestone by winning provisional approval from Abu Dhabi’s financial regulator, opening new opportunities for the company in the Middle East.

Traditional Finance Tensions Persist

The complex relationship between the crypto sector and legacy banking institutions was highlighted again this week. Jack Mallers, the CEO of the Bitcoin payment app Strike, reported that JPMorgan Chase had closed his company’s bank accounts without providing any warning or explanation. The incident underscores the ongoing challenges crypto-native companies face when accessing traditional financial services.