Cryptocurrency News Today: Market Updates & Analysis podcast.

# Crypto Willy's Weekly Market Wrap

Hey everyone, it's Crypto Willy here, and boy, do we have some wild swings to talk about this week! The crypto market's been doing the financial equivalent of a rollercoaster, and I'm here to break it all down for you.

Let's start with the big kahuna—Bitcoin. As of November 29th, BTC is sitting at $90,715, down just 0.21% on the day, but here's where it gets spicy: we've seen a brutal 30% drop from the October 6th peak. Now, I know that sounds terrifying, but stick with me. According to analysis from the crypto research community, these kinds of 25 to 30% pullbacks are actually pretty normal in bull markets. Heck, Bitcoin crashed about 50% back in 2021 before roaring back to new all-time highs. So while this hurts, we're definitely not in uncharted territory here.

Ethereum's been holding its own, recently trading at $3,037, up 0.11% for the day. The second-largest crypto has actually bounced back nicely—it's up 9.91% this week, showing some real resilience despite being down 21.3% month-to-date. Among the altcoin crew, Quant led the charge with an impressive 11.97% 24-hour gain, while Pi took the hardest hit, dropping 7.57%.

Now, here's what's really been weighing on sentiment: the Federal Reserve's mixed signals. The probability of a December rate cut has been swinging like a pendulum. New York Fed Governor John Williams' recent comments sent expectations for a cut soaring above 70%—a 40-point reversal in just days! This uncertainty has crypto investors on edge because we all know that easier monetary policy typically means more money flowing into risk assets like crypto.

Speaking of liquidity, there's been some fascinating macro action happening. The Federal Reserve is wrapping up its quantitative tightening program on December 1st, and New York Fed Chief John Williams has hinted that balance sheet expansion could resume soon. For crypto holders, this is potentially bullish because expanding liquidity typically benefits finite-supply assets like Bitcoin.

However, the market's been spooked by reports of long-term Bitcoin holders—some inactive for over a decade—selling more than 400,000 coins over the past month. While this sounds alarming, here's the reality check: roughly 5 million Bitcoin have been sitting dormant for over seven years, which is 12 times the amount being sold. Most Bitcoin circulating in 2025, over 2.8 million coins, have been held for less than two years, suggesting long-term conviction remains intact.

The Fear and Greed Index has dipped into extreme fear territory, dropping to 29 on the scale, marking a shift from the previous "Extreme Fear" state. This kind of sentiment typically creates opportunities for contrarian investors, though the general vibe has definitely been cautious.

Q4 is historically crypto's strongest quarter, but we're currently down 20% for the period. December really needs to be stellar to match historical averages, and with Fed uncertainty and labor market data delays until December 16th, we're looking at a potentially make-or-break month.

Thanks so much for tuning in, everyone! Make sure you come back next week for more market insights and analysis. This has been a Quiet Please production—head over to QuietPlease.ai to check out more content. Stay safe out there, and happy trading!

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