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Home » Crypto market news today, November 29th: BTC USD stabilizes at $90,000, ETH USD rises as Chicago data center turmoil ends
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Crypto market news today, November 29th: BTC USD stabilizes at $90,000, ETH USD rises as Chicago data center turmoil ends

Vickie HelmBy Vickie HelmNovember 29, 2025No Comments6 Mins Read
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Crypto market news today, november 29th: btc usd stabilizes at
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The big story in crypto news today is that the market has remained surprisingly calm, despite what could have been a much larger upheaval. BTC USD is still hovering around $90,000, and ETH USD continues to inch upwards. All this happened even after a sudden outage at the Chicago data center that temporarily froze trading screens around the world.

Once the Chicago data center issue was resolved, the market rebounded sharply, and stocks rose further on hopes that the Fed might eventually cut interest rates. Somehow, BTC and ETH have barely flinched against USD all that time.

Market capitalization

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If there’s one thing that stands out this week, it’s how aggressively financial institutions are buying the market. Ark Invest scooped up $88 million worth of Bitcoin, and BlackRock scooped up another $68.8 million worth of Ethereum. While retailers are in deep fear, financial institutions are showing faith.

Market capitalization

24 hours 7 days 30 days 1 year Always

Financial institutions continue to buy as liquidity flows in: can ETH USD catch up?

Approximately $190 billion was poured back into the cryptocurrency market in just one week following the convictions of the bigwigs. This is a good sign that major companies don’t think the party is over yet.

USD stable issuer Circle also minted another 500 million USDC, bringing the total amount to $1.25 billion in the past few days. This added liquidity is typically recycled into major altcoins like BTC and ETH once trust returns and is redeployed.

breaking news:

Circle mints an additional 500,000,000 $USDC. pic.twitter.com/JlkXsZXhQ6

— Crypto Rover (@cryptorover) November 29, 2025

Outside of cryptocurrencies, metals are hurting. Gold is tightening towards another bullish consolidation, with silver up almost 90% since January and just hitting a new all-time high of $56.

When stocks, metals, and risk assets all start heating up together, it tends to spill over into BTC and ETH versus the USD, and that’s exactly what many watching crypto news today are expecting.

But if you scroll through X or most crypto communities, you’ll see the opposite sentiment: doomsday predictions, top theories for the October cycle, and warnings of an 84% crash.

Cryptocurrency Fear and Greed Chart

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The interesting part? In fact, all the metrics that nailed it to the top in 2013, 2017, and 2021 are silent. Pi cycle top does not activate. The MVRV Z-score is also unusually low at 1.07, making it historically oversold. Puell Multiple is less than 1. This means that miners are under pressure at the moment.

Discover: 16+ new and upcoming Binance listings in 2025

BTC USD prepares for next move

ETF flows tell the real story in a bigger picture. Despite November’s record high of $3.79 billion in outflows, BlackRock still holds 777,000 BTC and over $10 billion in ETH. We know that agencies didn’t blink after the chaos at the Chicago data center. Despite the current decline, the market remains bullish.

In today's crypto news, BTC stabilizes, ETH rises against the USD, Silver hits ATH and markets recover from Chicago data center outage.

(Source – Blackrock, Arkham)

This recent 36% rebound over six weeks was the most severe of the cycle and caught nearly everyone off guard after months of slow bleeding. But nothing is structurally broken. The same weekly divergence that started the rally earlier is forming again. If BTC USD rises towards $112,000, over $15 billion of short positions could be wiped out in one massive compression.

In today's crypto news, BTC stabilizes, ETH rises against the USD, Silver hits ATH and markets recover from Chicago data center outage.

(Source – Liquidation Heat Map, Coinglass)

So, despite the noise, the crypto bull market does not appear to be over. Today, this setup favors continuation as crypto liquidity has increased, big money is still being bought as seen all over the news, and indicators are not showing a ceiling.

Today is Saturday and I’m as bullish as ever.

Discover: 10+ Next Cryptocurrencies to Grow 100x in 2025

For the latest market updates, join the 99Bitcoins News Discord here

9 hours ago

XRP Price Prediction: $1 Billion ETF Inflows But No Pumps: What’s Holding It Back?

Felix Akiyama

by Felix Akiyama

The new XRP ETF is off to a very strong start. Based on the latest data from Finbold and XRP Insights, the companies’ combined assets under management are already on pace to surpass $1 billion within the first month.

As of November 28, the five active funds collectively held approximately $801.7 million and locked up 339.16 million XRP. This equates to approximately 0.339% of the circulating supply, indicating that financial institutions are slowly but clearly migrating to XRP.

WATCH: $1.7 trillion asset manager Franklin Templeton says $XRP “plays a fundamental role in the global payments infrastructure.” pic.twitter.com/4iw8KpKum1

— Whale Insider (@WhaleInsider) November 25, 2025

Canary Capital remains the largest holder with 155.8 million XRP, while Bitwise remains in second place with 80.5 million XRP. The daily trading volume across all ETFs was approximately $42.79 million, with Bitwise leading the way with $15.3 million. Basically, there’s real activity here, not just empty hype.

However, despite this huge interest, the price of XRP is still not reacting the way people expected. Despite inflows being strong and Wall Street demand being real, the charts are barely moving. A big factor could be the lack of retailer participation. Most of the buying so far appears to be from institutional investors, and without retail participation, the impact on prices will remain muted.

16 hours ago

Barcelona’s crypto nightmare: How a huge sponsorship turned into a huge debt

Felix Akiyama

by Felix Akiyama

A new cryptocurrency partnership aimed at stabilizing FC Barcelona’s finances instead became a source of public embarrassment within days.

FC Barcelona is facing growing criticism after confirming in mid-November that Samoa-based company Zero Knowledge Proof (ZKP) will act as the club’s “official cryptographic protocol partner.”

However, by November 26, the club Moved It distanced itself from the digital tokens launched by its sponsors, claiming it had “no relationship” with the assets.

Controversy has erupted in Barcelona over the past 24-48 hours, with fans and observers questioning who is in control of ZKP and why the club approved the deal.

Global partnership with @ZKPofficial, FC Barcelona’s new official blockchain technology partner. #BalsaxZKP 🤝

— FC Barcelona (@FCBarcelona) November 14, 2025

Read the full text here.

16 hours ago

QNT cryptocurrency exchange supply is at record low: London-based quant network slowly rising in red market

Felix Akiyama

by Felix Akiyama

Quant Network (QNT) has been quietly rising even though the majority of the crypto market remains in the red. As major coins struggle to maintain support, quant has managed to inch its way towards the mid-$90s after an 11% rally, showing unusual strength in a dark week.

A lot of that is due to Quant Network’s slow progress on Overledger. Overledger is an interoperability system from a London-based company that aims to connect blockchain to the traditional financial rails that financial institutions still rely on.

Between shrinking exchange supply and increasing attention from the cryptocurrency community, there are several reasons why the QNT cryptocurrency continues to rise while everything else seems weighed down.

Market capitalization

24 hours 7 days 30 days 1 year Always

Read the full text here.

Crypto Market News Today, November 29th: BTC USD Stabilizes at $90,000, ETH USD Rise as Chicago Data Center Disruption Ends The post appeared first on 99Bitcoins.

29th BTC Center Chicago crypto data ends ETH market News November rises stabilizes today turmoil USD
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