Bitcoin slips 0.15% in 24 hours as limited-supply presales and expectations of rate cuts influence market trends

Bitcoin Price Update and Market Overview

As of November 28, 2025, Bitcoin's value has slipped by 0.15% in the last 24 hours, landing at $91,128.39. Over the past week, the cryptocurrency has gained 5.03%, but it has seen a 16.79% decrease over the previous month and a 2.54% drop since the start of the year. These price swings are occurring against a backdrop of changing global economic forecasts and ongoing institutional involvement in the crypto sector.

Bitcoin Munari Project Developments with Fixed Token Supply

The Bitcoin Munari (BTCM) project is capping its total supply at 21 million tokens, following a transparent and predetermined pricing structure. This approach is intended to bring more stability to the market, which is often characterized by unpredictable token issuance.

All tokens will become fully accessible at the SPL launch, planned for January 20, 2026, with no phased releases or lock-up periods. The roadmap includes a public testnet in 2026 to assess validator integration and network efficiency, ahead of a 2027 migration to a dedicated Layer-1 blockchain, where SPL tokens will be exchanged at a 1:1 ratio.

Macroeconomic Trends and Bitcoin Price Stabilization

Investor strategies are shifting as the likelihood of Federal Reserve rate cuts has soared from 30% to over 80% in recent days. Bitcoin is currently trading near $87,000, having found support after a recent decline. Experts highlight that the balance between technical factors and evolving monetary policy is influencing risk assessments throughout the digital asset market.

A representative for Bitcoin Munari noted that their token model is insulated from macroeconomic fluctuations, allowing the project to stay on course without modifying its foundational design. This stands in contrast to Bitcoin, which remains sensitive to interest rate changes and broader market sentiment.

JPMorgan’s Leveraged Bitcoin Notes Raise Community Concerns

JPMorgan is preparing to launch leveraged Bitcoin notes in December 2025, offering investors 1.5x exposure to Bitcoin until December 2028. This move has sparked debate within the Bitcoin community, with some viewing it as a challenge to established Bitcoin treasury firms like Strategy. Critics suggest the bank could have motives to undermine such companies to promote its own financial products.

The SEC filing details a structure that could magnify both profits and losses, prompting questions about risk controls and transparency. As the product’s performance is closely tied to Bitcoin’s price, it is expected to influence institutional investor strategies and hedging approaches.

Bhutan Expands Blockchain Initiatives with Ethereum Staking

Bhutan has deepened its blockchain involvement by staking $970,000 worth of Ethereum via Figment, further strengthening its presence in the digital asset space. The country is also transitioning its digital identity platform to Ethereum and has consistently accumulated Bitcoin since 2019, now holding around 6,154 BTC. Bhutan stands out as one of the few governments with a significant crypto portfolio.

Additionally, the adoption of crypto payments for tourism, facilitated by Binance, underscores Bhutan’s commitment to modernizing its financial systems and reducing transaction barriers. This trend reflects a broader movement among corporations and sovereign funds to embrace Bitcoin and Ethereum.

Strategy Inc. Faces Growing Competition in Bitcoin Holdings

Strategy Inc. (MSTR) remains the leading corporate holder of Bitcoin, currently managing a treasury of 640,808 BTC. The company’s financial results are closely linked to Bitcoin’s market value, with $3.9 billion in unrealized gains reported for Q3 2025. MSTR has secured over $20 billion through fundraising, enabling ongoing Bitcoin acquisitions.

However, MSTR is now contending with increased competition from companies like Coinbase and BlackRock. Coinbase has expanded its Bitcoin reserves to $2.6 billion, while BlackRock’s spot Bitcoin ETF is providing a regulated entry point for institutional investors. Despite these efforts, MSTR’s stock performance has lagged behind its rivals this year, even as its earnings projections hinge on Bitcoin reaching $150,000.

Technical Analysis and Market Sentiment

Bitcoin’s technical indicators present a mixed picture. Bulls are aiming to reclaim the $94,000–$95,000 range to signal a potential upward reversal, while bears warn of possible declines toward the $83,000–$85,000 support area. On-chain activity has slowed, with transfer volumes down 20% and spot trading momentum remaining weak. For a decisive breakout above $92,000, the market will need to see higher trading volumes and stronger on-chain demand.

In conclusion, Bitcoin’s recent trends reflect a complex interplay of macroeconomic shifts, institutional engagement, and ongoing product innovation. The future trajectory will be shaped by the success of new supply models, the impact of leveraged products, and the growing role of sovereign and corporate adoption in an ever-evolving market landscape.