Weekend Crypto Update: $100k BTC Narrative Still Alive, Cathie Wood & Tom Lee Confirm

by Alison Buckland


It’s the weekend again, and in today’s crypto update, the broader market remains oversold with the Fear and Greed Index climbing to 20, which is still better than the extreme fear at 13, I suppose, but still represents fear in the market. At the moment, major cryptocurrencies are consolidating, moving sideways, awaiting a catalyst that can help give momentum to their price action.

Crypto Market Overview_30Nov2025

(Source: CoinMarketCap)

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Bitcoin

Bitcoin





0.04%








Bitcoin

Bitcoin
BTC


Price

$91,433.06

0.04% /24h





Volume in 24h


$19.16B
<!–
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–>


Price 7d

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, for instance, is currently trading at



, just below its 100-day exponential moving average (EMA) at $91,885. It has recovered from its downward spiral to $80,000, but is yet to break above $91,000 for more gains convincingly.

BTCUSD Price Action on TradigView_30November2025

(Source: TradingView)

And if industry leaders are to be believed, the catalyst for the broader crypto market to rebound from its current sideways movement might be just around the corner. Cathie Wood, CEO of ARK Invest, believes that the Federal Reserve’s (Fed) current policy of quantitative tightening will end on 1 December 2025.

“Quantitative tightening we think will end December 1, that’s a de facto easing,” she said in a November podcast.

Meanwhile, Tom Lee, who leads BitMine Immersion Technologies and is also CIO at Fundstrat Capital, told CNBC that the recent bitcoin sell-off is nearly over. He said, “When we look at those prior corrections, even bitcoin in the last few years, each of them had the recovery, the rise from the low was faster than the drip to the bottom.”

Lee expects BTC to bounce from current levels and breach $100,000 in December, with a possibility of hitting a new ATH.

EXPLORE: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year

Weekend Crypto Update: ETH Fusaka Update Incoming, Year-End Rally Soon?

Since bottoming out at $2,684 on 21 November,

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Bitcoin

Bitcoin





0.04%








Bitcoin

Bitcoin
BTC


Price

$91,433.06

0.04% /24h





Volume in 24h


$19.16B
<!–
?
–>


Price 7d

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has been slowly recovering and is currently trading at



, just above its 50-day EMA at $2980.

The next key level to breach is its 100-day EMA at $3,054. ETH has tried to retest this level before, but has failed to hold above it. If the altcoin king can manage to breach convincingly above this level and maintain, its price can move further towards $$3,618. 

ETH USD Price Action_TradingView_30Nov2025

(Source: TradingView)

Now, if ETH can manage to further breach this level, it could even open the doorway to challenge $4,200 before the year’s end. One of the core components for this recent uptick in its price action is the much-anticipated Fusaka upgrade scheduled for 3 December 2025.

Past upgrades have triggered major rallies; for instance, the May 2025 Pectra upgrade saw ETH rise 55% in just over a month and 168% in about three months. Still, selling pressure has weighed on sentiment. In November, Ethereum ETFs saw $1.42 billion in outflows, more than triple the $403 million recorded in March.

Whales have been offloading. An OG ETH whale offloaded 87,824 ETH worth $270 million, though they still hold over $200 million, showing long-term confidence.

EXPLORE:  Best New Cryptocurrencies to Invest in 2025

IBIT’s $2.3B Outflow Perfectly Normal: BlackRock Exec

Arijit Mukherjee

By Arijit Mukherjee

BlackRock’s spot Bitcoin ETF (IBIT) in November witnessed an outflow totaling $2.34 billion, including two major one-day outflows of $523 million and $463 million. Despite the outflows, the company remains confident in the product’s long-term value. 

Cristiano Castro, a BlackRock exec, speaking at the Blockchain Conference 2025 in São Paulo, said that such movements are typical for ETFs, especially those dominated by retail investors. 

Castro noted that earlier demand for IBIT was exceptionally strong, with combined listings in the U.S. and Brazil nearly reaching $100 billion in assets at their peak. He framed the recent outflows as part of a natural cycle, not a structural weakness.

Explore: The 12+ Hottest Crypto Presales to Buy Right Now 

The post Weekend Crypto Update: $100k BTC Narrative Still Alive, Cathie Wood & Tom Lee Confirm appeared first on 99Bitcoins.





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