Bitcoin breaks $89,000, Ether, XRP move higher as US inflation cools in November

David Sacks, the crypto czar under former President Trump, announced that the markup for the crypto market structure bill is scheduled for January, indicating a significant step towards regulatory clarity in the cryptocurrency sector. However, the delay in legislation has raised concerns about prolonged regulatory uncertainty, which could hinder market stability and innovation.

XRP exchange-traded funds (ETFs) have surpassed $1 billion in assets, driven by a notable inflow of traditional investor capital, according to CF Benchmarks CEO Sui Chung. This surge reflects a growing acceptance of XRP among institutional investors, highlighting its appeal in the cryptocurrency market.

Ethereum is currently experiencing significant selling pressure, with its price dropping to $2,933 after a 9% decline in just eight hours. This downturn has led to the liquidation of over $670 million in long positions, reflecting a broader market struggle characterized by fear and uncertainty. Analysts are increasingly predicting a prolonged bear market extending into 2026, as Ethereum remains below critical structural levels.

XRP is currently experiencing price weakness as it approaches the end of 2025, with technical indicators signaling caution and liquidity decreasing ahead of the holiday season. Despite this, analysts are setting ambitious price targets, suggesting a potential for upward movement amid the prevailing bearish sentiment.

The U.S. Federal Reserve has revised its guidance on how banks can engage with cryptocurrency, allowing for greater participation in digital asset trading. This change reverses previous restrictions that limited the activities of uninsured state-chartered banks, enabling them to access core payment systems and Federal Reserve membership.

Analysts are monitoring XRP's price movements as it tests key support levels, with a recent technical analysis indicating that a critical price zone is currently preventing further downside pressure. XRP has struggled to regain previous highs, recently falling below the $2 psychological level amid market volatility.

Bitcoin's price has plunged to approximately $84,500 following a series of aggressive sell-offs, raising concerns about its stability and potential further declines. This significant drop comes amid a broader bearish sentiment in the cryptocurrency market, with analysts warning of a possible retest of the $70,000 support level.

Bitcoin's price has struggled to maintain stability, recently floundering below $90,000 despite a cooling inflation rate and rising stock markets. The cryptocurrency ended the week under $89,000, losing gains due to liquidity concerns and market volatility, particularly influenced by the Bank of Japan's interest rate decisions.