Bitcoin -0.15% in 24 Hours as Fixed-Supply Presale and Rate Cut Odds Drive Market Dynamics

Bitcoin’s price dropped by 0.15% over the past 24 hours to settle at $91,128.39, according to the latest market data as of Nov. 28, 2025. The broader performance over longer timeframes shows a 5.03% rise in the past seven days, a 16.79% drop in the last 30 days, and a 2.54% decline year-to-date. The recent volatility comes amid shifting macroeconomic expectations and continued institutional activity in the cryptocurrency space.

Bitcoin Munari Presale Gains Momentum Amid Fixed-Supply Strategy

Bitcoin Munari (BTCM) continues its structured public presale at a fixed price of $0.22 per token in Round 2 of a ten-round distribution. The project has maintained a total supply of 21 million tokens across all stages and operates under a clear, rule-based pricing schedule. This approach aligns with investor demand for predictable supply dynamics in a sector often marked by unpredictable issuance models.

The presale tokens will unlock in full at the time of the SPL launch, scheduled for January 20, 2026, with no vesting periods or staggered releases. Looking ahead, the project plans a public testnet in 2026 to evaluate validator onboarding and network performance before a planned 2027 transition to its native Layer-1 chain, where SPL-based tokens will convert 1:1.

Macro Shifts and Bitcoin Price Stabilization

Market participants are recalibrating positions as the Federal Reserve’s rate-cut expectations surged from 30% to over 80% in recent days. Bitcoin, currently hovering near $87,000, has found support after a recent pullback from higher levels. Analysts note that the interplay between technical stability and evolving monetary policy is reshaping risk profiles across the digital asset space.

A Bitcoin Munari spokesperson emphasized that the presale structure is immune to macroeconomic shifts, enabling the project to execute its roadmap without altering core design principles. This contrasts with Bitcoin’s direct exposure to interest rate dynamics and broader market sentiment.

JPMorgan's Leveraged BTC Notes Spark Community Concerns

JPMorgan’s proposed leveraged BTC notes, set to launch in December 2025, have drawn criticism from segments of the Bitcoin community. The product, which offers 1.5x exposure to Bitcoin until December 2028, is seen by some as a direct challenge to BTC treasury companies like Strategy. Critics argue that the bank may have an incentive to devalue such firms in favor of promoting its own structured product.

The filing with the SEC outlines a product structure that could amplify both gains and losses for investors, raising questions about risk management and product transparency. Given the product’s alignment with Bitcoin’s price performance, it is likely to influence positioning among institutional investors and hedgers.

Bhutan Expands Blockchain Operations with Ethereum Staking

Bhutan’s latest blockchain initiative includes staking $970,000 worth of Ethereum through Figment, adding to its growing onchain footprint. The nation has also begun migrating its self-sovereign digital identity system to Ethereum and has been a consistent Bitcoin accumulator since 2019. With approximately 6,154 BTC in its portfolio, Bhutan remains one of the few governments maintaining a tangible presence in the digital asset space.

The country’s integration of crypto payments for tourism, supported by Binance, highlights its broader strategy to modernize financial infrastructure and reduce transactional friction. This institutional adoption mirrors rising interest among corporate entities and sovereign funds in Bitcoin and Ethereum.

MSTR’s Bitcoin Strategy Faces Intensifying Competition

Strategy Inc. (MSTR) remains the largest corporate holder of Bitcoin, with a current treasury of 640,808 BTC. Its financial performance is heavily tied to Bitcoin’s valuation, with unrealized gains of $3.9 billion reported in the third quarter of 2025. The company has raised over $20 billion through capital-raising mechanisms, enabling continuous Bitcoin accumulation.

However, MSTR faces increasing competition from firms such as Coinbase and BlackRock, both of which are expanding their Bitcoin exposure. Coinbase has grown its BTC holdings to $2.6 billion, while BlackRock’s spot Bitcoin ETF is serving as a regulated on-ramp for institutional investors. MSTR’s stock has underperformed these peers this year, despite a revised earnings outlook contingent on a $150,000 Bitcoin price target.

Technical Outlook and Market Sentiment

Bitcoin’s technical outlook remains mixed. While bulls aim to reclaim the $94,000–$95,000 zone to confirm a trend reversal, bears caution against further declines toward the $83,000–$85,000 support level. On-chain activity has cooled, with a 20% drop in transfer volume and weak momentum in spot trading. A sustained breakout above $92,000 will require increased volume and stronger on-chain demand signals.

In summary, Bitcoin’s recent performance reflects the interplay of macroeconomic expectations, institutional activity, and evolving product innovation. With new supply models, leveraged products, and sovereign adoption expanding the landscape, the path forward will depend on both fundamental execution and price resilience in a dynamic market.