On Friday, November 28, 2025, the crypto market is moving sideways after one of the toughest months of the year, leaving traders reevaluating what might be the best crypto to buy now as conditions stabilize.
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Bitcoin
0.14%
Bitcoin
BTC
Price
$91,620.42
0.14% /24h
Volume in 24 hours
$30.75 billion
Price 7d
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stands at $91,200, up 0.4% in the last 24 hours, while
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Ethereum
0.57%
Ethereum
ETH
Price
$3,057.85
0.57% /24h
Volume in 24 hours
$14.47 billion
Price 7d
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changes hands at $3,010, down 1.2%.
The total market cap has fallen below $3 trillion again, but sentiment is calmer than two weeks ago, when Bitcoin briefly fell below $90,000.
Traders are now awaiting two major events in the next ten days that could determine whether this correction will turn into a new bullish phase or continue into 2026.
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US Senate vote and what it means for the best crypto to buy now
The first key moment comes on December 8, when the US Senate is scheduled to vote on a long-awaited crypto regulatory framework. The bill aims to draw a clear line between assets treated as commodities (supervised by the CFTC) and those classified as securities (under the jurisdiction of the SEC). Most market participants estimate that there is around a 70% chance that the final version will support the industry.
If passed in this form, the path to new cash ETFs, clearer tax treatment and larger institutional allocations will become much smoother almost overnight. For investors weighing the best crypto to buy now, this vote could play a major role in shaping near-term positioning.
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Fed Rate Decision and Broader Market Impact
Two days later, on December 10, the Federal Reserve will announce its final interest rate decision for 2025. According to the CME FedWatch tool, the probability of a 25 basis point cut increased to 87%, a sharp increase from 39% a week ago. Lower rates tend to weaken the dollar and push capital into risky assets. Given that Bitcoin and Ethereum are still trading with a 0.89 correlation with the Nasdaq over the past 30 days, a more dovish Fed could provide significant support to the entire sector.
Beyond the calendar catalysts, several on-chain developments are keeping traders on their toes. A wallet dormant since 2016 continued its sale this morning, transferring an additional 1,300 ETH, worth approximately $3.94 million, to trading company Wintermute. Meanwhile, the Bhutan government has publicly confirmed that it is actively banking on its Ethereum holdings, and spot Bitcoin ETFs saw modest inflows of $21 million on November 26, their first positive day in weeks.
Overall, the combination of clearer US regulations and looser monetary policy represents the most constructive macro setup crypto has seen so far this year. Analysts tracking Ethereum price action note that the upcoming Fusaka upgrade is expected to increase data capacity eight-fold, providing technical support for near-term targets between $3,100 and $3,200.
For now, the market remains in wait-and-see mode. A favorable outcome on December 8 and 10 could promote the end-of-year recovery that many were hoping for.
However, a weaker outcome on either front would likely extend the current trading range into the new year.
Whales go from short to long on Bitcoin
By
Whale 0x0ddf9 reversed its Bitcoin position after closing a short sale of 1,000 BTC worth $91 million, with a loss of $1.6 million. The trader then opened a 3x long position on 1,000 BTC, setting a liquidation level at $59,112, indicating a change in market sentiment.
Whale 0x0ddf9 which was short circuited $BTC capitulated and turned around for a long time.
He closed his 1,000 $BTC($91M) shorted at a $1.6M loss, then opened a 3x long on 1,000 $BTC($91 million), with a liquidation price of $59,112. pic.twitter.com/c3kvUAV1cP
– Lookonchain (@lookonchain) November 28, 2025
UK Crypto Tax Update: New DeFi Rules and ‘No Win, No Lose’ Policy Explained
By
The UK has signaled a major shift in how it plans to tax DeFi, backing a “no win, no lose” idea that could end so-called dry tax bills for everyday users.
The government, through HM Revenue & Customs, said it develops rules to process many DeFi loans and liquidity pool movements on a no-win, no-loss basis. This would delay capital gains tax until there is an actual sale or exchange, not just when tokens move in and out of a protocol.
The proposal was flagged alongside Wednesday’s budget, November 26, and set out in a consultation outcome published this week.
BREAK:
Huge win for DeFi users in the UK.
– Real World Asset Watchlist (@RWAwatchlist_) November 27, 2025
BREAK: 
The UK is proposing a “no gain, no loss” tax rule for DeFi – deposits into loan or liquidity pools will not trigger capital gains tax until they are actually disposed of. 
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The post (LIVE) Crypto News Today, November 28 – Ethereum Price Holds Above $3,000 as Fed Rate Cut Chances Rise to 87% and Senate Bill Vote Nears – Best Crypto to Buy? appeared first on 99Bitcoins.
