JPMorgan’s sudden shutdown of a prominent bitcoin executive’s bank accounts is 
igniting fierce debate as the clash between traditional finance controls and 
fast-growing crypto-payment rails accelerates with high-stakes implications. 
JPMorgan Account Closure Ignites Crypto-Finance Tensions Jack Mallers, CEO of 
bitcoin payments company Strike, shared on social media platform X on Nov. 23 
that JPMorgan Chase […]

JPMorgan Closes Strike CEO’s Accounts With No Reason Given—‘It Was Bizarre’

Bitcoin price started a recovery wave above $88,000. BTC is now consolidating 
and might soon aim for a move above the $90,000 zone. Bitcoin started a 
recovery wave and climbed toward $89,000. The price is trading above $87,000 
and the 100 hourly Simple moving average. There is a bearish trend line 
forming with resistance at $88,200 on the hourly chart of the BTC/USD pair 
(data feed from Kraken). The pair might continue to move up if it settles 
above the $90,000 zone. Bitcoin Price Eyes Upside Break Bitcoin price managed 
to stay above the $83,500 level. BTC formed a base and recently started a 
recovery wave above the $85,500 resistance zone. There was a move above the 
$86,000 resistance zone. The bulls pushed the price above the 50% Fib 
retracement level of the downward move from the $92,872 swing high to the 
$80,595 low. However, the bears are currently preventing an upside break above 
the $90,000 zone. Besides, there is a bearish trend line forming with 
resistance at $88,200 on the hourly chart of the BTC/USD pair. Bitcoin is now 
trading above $87,000 and the 100 hourly Simple moving average. If the bulls 
attempt another recovery wave, the price could face resistance near the 
$88,200 level. The first key resistance is near the $89,000 level. The next 
resistance could be $90,000 or the 76.4% Fib retracement level of the downward 
move from the $92,872 swing high to the $80,595 low. A close above the $90,000 
resistance might send the price further higher. In the stated case, the price 
could rise and test the $91,750 resistance. Any more gains might send the 
price toward the $92,500 level. The next barrier for the bulls could be 
$93,500 and $94,000. Another Drop In BTC? If Bitcoin fails to rise above the 
$90,000 resistance zone, it could start another decline. Immediate support is 
near the $86,700 level. The first major support is near the $86,200 level. The 
next support is now near the $85,000 zone. Any more losses might send the 
price toward the $83,500 support in the near term. The main support sits at 
$82,000, below which BTC might accelerate lower in the near term. Technical 
indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. 
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 
level. Major Support Levels – $86,200, followed by $85,000. Major Resistance 
Levels – $89,000 and $90,000.

Bitcoin Price Rebound Picks Up Pace With $90K Break in Focus

In the dynamic and often volatile landscape of digital assets, Bitcoin&#8217;s 
position as the premier store of value in the digital asset space remains 
firmly intact, even as the broader crypto ecosystem evolves. Its unmatched 
network strength, fixed supply, and resilient global infrastructure continue 
to make it the benchmark against all digital assets. Unmatched Network 
Security Keeps Bitcoin In The Lead Bitcoin remains the largest and most secure 
store of value in the crypto ecosystem, with a market capitalization 
surpassing $1.7 trillion and increasingly unmatched institutional adoption. 
However, analyst Ted has noted on X that the BTC base layer was never built 
for decentralized finance (DeFi). Related Reading: Historic Downturn: Bitcoin 
Nears Worst Weekly Performance In Over A Year Most of BTC’s capital sits idle 
and is unable to support the complex financial applications. This is where the 
BTCFi emerges, and it&#8217;s rising because it activates this dormant capital 
without forcing users or liquidity away from BTC&#8217;s security. Ted highlighted 
that Arch Network is a utility layer that enables the development of 
expressive rush in smart contracts directly to BTC for high performance. It 
offers real-time state management, true interoperability, and fast parallel 
execution, while remaining fully aligned with the BTC UTXO model. This ensures 
that all settlements and final state changes remain anchored directly to BTC 
for maximum security. The applications on ArchVM generate Zero-Knowledge (ZK) 
proofs for each batch of transactions, and BTC nodes verify those proofs on- 
chain; a design that enables fast trading, money lending, credit markets, and 
real-world asset (RWA) applications with the L1-level trust. Furthermore, Ted 
describes the Arch Network as aiming to become a core piece of the 
infrastructure pillar for the emerging BTCFi ecosystem. Bitcoin Stabilizes As 
Market Volatility Cools Off The cryptocurrency market is now showing signs of 
stabilization, positioning Bitcoin for a potential resurgence. According to 
CryptosRus, last Friday, BTC appeared to have firmly bottomed just above the 
$82,000 level, a crucial development that analysts are pointing to as a 
potential renewed market strength. While the selling pressure is fading, these 
key developments could trigger a near-term bounce for BTC. Related Reading: 
Bitcoin Price Recovery Loses Strength, Traders Watch $90K as Last Line of 
Defense Swissblock outlines a sharp risk-off signal, suggesting that the worst 
phase of capitulation may be over. The market might still experience a second 
weaker wave of selling pressure, which would mark the exhaustion of any 
remaining sellers, and shift the market towards the bulls. Fed rate cuts are 
surging, as the December cut probability is climbing back to 70%, fueling 
optimism for liquidity support. Furthermore, liquidity injection is possible, 
and market analysts are highlighting that the actions from the Fed could 
expand reserves, which have historically proven to be bullish for the crypto 
market. With selling pressure easing and policy tailwinds building, BTC&#8217;s 
climb may continue signaling a potential recovery. Featured image from 
Pngtree, chart from Tradingview.com

Here’s Why Bitcoin Still Dominates As The Premier Store Of Value In Digital Assets

A December rate hike by the Bank of Japan could stabilize the yen and address 
inflation, impacting global markets and economic policies.
The post Bank of Japan may signal December interest rate hike, sources say 
appeared first on Crypto Briefing.

Bank of Japan may signal December interest rate hike, sources say

Soaring crypto derivatives momentum at CME Group is reshaping market dynamics 
as demand for regulated bitcoin hedging tools explodes, powering record- 
breaking volume and signaling accelerating institutional conviction in 
digital-asset risk management. CME Crypto Derivatives Surge to Record Volumes 
CME Group announced on Nov. 24 that its cryptocurrency derivatives complex has 
set a fresh performance milestone, […]

Cryptocurrency price in PKR