Bitcoin News Today: Global Policy Shifts and Institutional Bets Drive Bitcoin, Brazil's Markets Higher

Bitcoin rose to $91,500 on Thursday, driven by a mix of institutional adoption, macroeconomic tailwinds, and a post-halving rebound, while Brazil's stock market hit record highs following tax reforms aimed at supporting low-income households. The cryptocurrency's recent surge, though volatile, reflects broader trends in global markets, where central banks and policymakers are recalibrating policies amid shifting inflation and trade dynamics.

Bitcoin's price climbed to $91,500, a sharp rebound from its mid-November low of $80,760, as of November 24. The cryptocurrency has oscillated between $80,760 and $111,700 this month, underscoring its inherent volatility. Analysts attribute the recent rally to a combination of factors: institutional investors such as Harvard University and the U.S. Strategic Bitcoin Reserve continue to accumulate BTC as a long-term treasury asset, while macroeconomic conditions, including expectations of Federal Reserve rate cuts, have bolstered risk-on sentiment. However, the market remains fragile, with record outflows from U.S. spot Bitcoin ETFs—exceeding $3.79 billion in November—highlighting the fragility of short-term liquidity.

The crypto market also faced structural changes, including Binance's delisting of BTC trading pairs such as GMT/BTC and ME/BTC, effective November 28, 2025. The move, part of routine risk-management protocols, reflects the exchange's alignment with evolving regulatory expectations around asset coverage and market integrity. Meanwhile, on-chain metrics suggest a consolidation phase for Bitcoin, with technical indicators like the RSI and MACD showing mixed signals for altcoins such as Ethereum and XRP.

In Brazil, President Luiz Inácio Lula da Silva's tax reforms, which exempt households earning up to 5,000 reais ($940) monthly from income taxes, have spurred a record-breaking performance in the stock market. The measure, which benefits 15 million people and introduces a minimum effective tax rate for high-income earners, has been hailed as a political and economic win for Lula. The reform aligns with broader global trends of redistributive fiscal policies, as seen in India, where the Reserve Bank of India is expected to cut interest rates to 5.25% by December 2025 amid falling inflation.

Global markets, however, remain sensitive to macroeconomic risks. The Eurozone's flash Composite PMI dipped to 52.4 in November, slightly below estimates, while manufacturing and services sectors showed divergent momentum. In the U.S., the dollar weakened as traders priced in a 36% chance of a Federal Reserve rate cut in December, driven by softening labor market data and geopolitical uncertainties. These dynamics have rippled through currency pairs, with GBP/USD rising above 1.3250 and EUR/CAD gaining near 1.6250 as the ECB's dovish stance reinforced the euro's appeal.

Looking ahead, Bitcoin faces a critical juncture. Analysts' forecasts range from a conservative $80,000 to a bullish $225,000 by year-end 2025, with scenarios hinging on macroeconomic shifts, ETF flows, and institutional demand. The cryptocurrency's ability to sustain its recent gains will depend on whether the current consolidation phase evolves into a sustained bull run or gives way to deeper corrections, as seen in prior cycles.