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Bitcoin above $90,000 November 2025: Market snapshot

Bitcoin above $90,000 November 2025 set the tone as BTC reclaimed and held near $91,000 on Nov. 28–29, according to CoinDesk and MarketWatch. Price action steadied after a choppy month, and liquidity improved into the weekend.

“Bitcoin recovered to over $91,000 since last Friday,” one CoinDesk wrap noted. MarketWatch likewise wrote that “Bitcoin has moved back above $90,000.” CoinDesk’s Spanish-language desk added that BTC “se mantiene cerca de $91,000.”

Meanwhile, the crypto market cap 3.1 trillion offered context for the bounce as crypto-exposed equities climbed. This backdrop supported a modest risk-on tone, according to available reports.

Timeline: Late-November to December 2025 crypto milestones

• Late Nov. 28–29: BTC recovered and hovered near $91,000, with multiple outlets flagging the stabilization.
• Nov. 29: Coinbase premium flipped positive after weeks below zero, signaling improved spot demand from U.S. venues.
• Late November: Aggregate crypto value sat near the crypto market cap 3.1 trillion as crypto-linked stocks rallied.
• Late November: The Altcoin Season Index indicated it is not Altcoin Season.
• Late November: The National Bank of Kazakhstan discussed a measured approach to potential crypto allocations.
• By end-December: Roughly 1.5 million ETH were projected to complete staking withdrawals.

What’s behind bitcoin above $90,000 November 2025

The late-month climb for bitcoin above $90,000 November 2025 aligned with calmer volatility and rising risk appetite. CoinDesk pointed to supportive options and volatility signals into year-end. In parallel, Fed rate-cut odds improved, and crypto miners rallied alongside BTC.

Seasonality and positioning likely helped as well. However, the advance remained measured, with spot interest outpacing enthusiasm in many altcoins.

Altcoin Season Index: not altseason

The Altcoin Season Index November 2025 reading showed it is not Altcoin Season. By the tool’s definition, altseason requires the index to hit 75 or higher as most top-100 alts outperform BTC over 90 days; late November readings did not meet that mark.

Consequently, the altcoin season index November 2025 backdrop highlights BTC leadership. That leadership has persisted through recent weeks.

Kazakhstan central bank weighs up to $300M crypto investment

Officials in Astana discussed a cautious path toward a possible allocation “up to $300 million.” The governor emphasized that any deployment would be funded from FX reserves, not the National Fund, and stressed, “we are not going to rush.”

The Kazakhstan central bank crypto investment debate remains exploratory. A deputy also referenced the National Fund and reserves under consideration, while reiterating a deliberate approach. As a result, the Kazakhstan central bank crypto investment timeline is undefined and dependent on market conditions and policy clarity.

Ethereum staking: 1.5M ETH withdrawals expected by year-end

Recent reporting citing ValidatorQueue.com data suggested about 1.5 million ETH could complete withdrawals by the end of December. “By the end of December, approximately 1.5 million ETH… will have completed the withdrawal,” one summary noted.

Observers will watch eth staking withdrawals december 2025 as the exit queue clears. Therefore, eth staking withdrawals december 2025 may influence near-term ETH liquidity and staking dynamics.

Market signals so far

Signals point to BTC leadership versus most altcoins, a careful institutional tone, and a pending ETH withdrawal wave. Together with the crypto market cap 3.1 trillion context, these factors frame a market led by bitcoin above $90,000 November 2025, rather than broad-based alt strength.

What’s Next

First, watch whether bitcoin above $90,000 November 2025 holds as liquidity rotates into December. Next, track the National Bank of Kazakhstan’s deliberations and any FX-reserve-funded steps. Finally, monitor completion of the ETH exit queue into year-end and how that interacts with sector flows.