Bitcoin News Today: Institutional Demand and Macro Shifts Fuel 42% Bitcoin November Gains

Bitcoin and Ethereum's November Performance Sparks Optimism Amid Macro Shifts

Bitcoin surged with an average return of 42.49% in November 2025, while Ethereum posted a 7.08% gain, defying a volatile October marked by tariff-related sell-offs and geopolitical tensions, according to a TradingView analysis. The rally underscores the cryptocurrency market's growing integration with traditional financial systems, driven by institutional adoption, macroeconomic tailwinds, and strategic upgrades in the crypto ecosystem.

The rebound in Bitcoin's price, which rose from a mid-October low of $104,000 to $114,600 by October 28, according to an Investing.com analysis, was fueled by $3.5 billion in inflows to spot Bitcoin ETFs this month. Institutional demand now accounts for 12% of total Bitcoin supply, a record high, as Coinbase increased holdings by 2,772 BTC in Q3 2025, according to a CryptoNews report. The Federal Reserve's anticipated 0.25% rate cut this week further bolstered risk-on sentiment, with the U.S. Dollar Index slipping below 99 and global M2 money supply accelerating to 6% year-over-year.

Historical data amplifies the bullish narrative: November has averaged a 40.5% return for Bitcoin since 2011, with standout years like 2013 (453.9% gain) and 2020 (42.9% surge). Despite a 4.5% decline in October, investors are positioning for a "Santa rally," with experts like Michael Saylor and Robert Kiyosaki, in a BeInCrypto piece, forecasting $150,000–$200,000 for Bitcoin by year-end. Saylor's thesis hinges on the "hard money trade," noting capital rotation from gold into crypto as Bitcoin-to-gold ratios rebounded to pre-tariff levels.

Ethereum's 7.08% November gain reflects resilience amid a $220.8 million liquidation event in early November, according to an FXStreet report. The network's upcoming Fusaka upgrade, set for December 3, aims to enhance scalability via 12 Ethereum Improvement Proposals (EIPs), including EIP-7594 for Layer 2 validation. Meanwhile, Ethereum ETFs saw $9.6 billion in Q3 inflows, outpacing Bitcoin's $8.7 billion, as spot ETFs now hold 5.51% of the Ethereum market cap, according to a TradingView report.

Market dynamics remain mixed. While Bitcoin ETFs recorded $488.43 million in outflows on October 30, according to a TradingView update, Ethereum ETFs faced $184.31 million in withdrawals, per a CoinPedia report. However, large Ethereum withdrawals from exchanges signal accumulation ahead of potential gains (as noted in the TradingView report above). Tether's Q3 results highlighted the stablecoin's $135 billion in U.S. Treasury holdings and $12.9 billion in gold reserves, reinforcing confidence in crypto's fiat-pegged assets, according to a Yahoo Finance report.

The macro environment tilts favorably for crypto. Easing inflation (near 3%) and a softer dollar align with past Bitcoin bull runs, while geopolitical de-escalation between the U.S. and China reduced volatility. Cboe Global Markets reported a 14% revenue jump in Q3 2025, attributing growth to derivatives and data services, according to a Seeking Alpha report.

Looking ahead, Bitcoin faces critical resistance at $116,000, with a break above triggering a push toward $120,000. For Ethereum, support at $3,600 and the Fusaka upgrade's success will determine its trajectory toward $4,500. Analysts caution that while historical trends are compelling, macro uncertainty and thin liquidity in October highlight the need for caution.