Crypto Market News Today, November 26: BlackRock and Fidelity Keep Buying Bitcoin, JP Morgan Bullish, Russia Tapping on Crypto as Total3 Reverse

Bitcoin's price surged past $90,000, driven by new Wall Street-backed cryptocurrency products, particularly from major financial players like BlackRock and JPMorgan. This significant price movement reflects a renewed interest in Bitcoin amidst a recovering market sentiment.

Nasdaq ISE has filed to elevate the option limits for BlackRock's iShares Bitcoin Trust (IBIT) to top-tier status, reflecting a surge in IBIT options activity and a shift of open interest towards U.S. regulated venues. This move comes amid a backdrop of fluctuating investor sentiment in the cryptocurrency market.

Texas has made history by becoming the first U.S. state to invest $10 million in Bitcoin through BlackRock's Spot Bitcoin ETF, marking a significant step in state-level engagement with cryptocurrency. This investment, executed on November 25, 2025, reflects a growing comfort with regulated Bitcoin exposure at the state level.

The Monad Airdrop has been announced alongside the launch of a new blockchain, marking a significant milestone in the cryptocurrency sector. This development is part of ongoing advancements in blockchain technology, with notable mentions of Celestia's Matcha Upgrade and Fidelity's involvement with Fusaka.

Texas has allocated $5 million into BlackRock's Bitcoin ETF, marking a significant investment during a market dip, which reflects the state's growing confidence in Bitcoin's long-term potential. This move is part of a broader strategy to engage with cryptocurrency as a viable asset class for state reserves.

Spot XRP Exchange-Traded Funds (ETFs) have made a remarkable entrance into the market, achieving over $164 million in single-day inflows, significantly outpacing other crypto investment products like Bitcoin, Ethereum, and Solana. The launch of Grayscale and Franklin Templeton's XRP ETFs has been particularly noteworthy, with each fund recording over $60 million in net inflows on their debut day.

Bitcoin exchange-traded funds (ETFs) have attracted $129 million in inflows, led by Fidelity’s FBTC, indicating a resurgence in investor confidence in cryptocurrency investment products. This development suggests a potential shift towards long-term growth in the sector.

Texas has made a significant move by acquiring $5 million in shares of BlackRock's iShares Bitcoin Trust, marking a pioneering step towards establishing the first state-level bitcoin reserve in the U.S. This investment reflects Texas's commitment to integrating cryptocurrency into its financial strategy.