Stay updated with live coverage of the crypto market on Nov. 26. Let’s explore whether the recent crypto downturn is ending.
Bitcoin BTC $90 836 24h volatility: 0.4% Market cap: $1.81 T Vol. 24h: $16.41 B is hovering around $87,780, continuing its downward trend as November stands out as one of the weakest months in the current cycle. What else is happening in the crypto market on Nov. 26?
Franklin Templeton has submitted its final regulatory paperwork to the US Securities and Exchange Commission as it prepares to launch its Solana ETF in the American market. The firm filed a Form 8-A for the product, signaling that its debut could be imminent. This move follows the asset manager’s recent success with its spot XRP ETF listing.
The Form 8-A serves as the last administrative milestone before an ETF can be listed, often viewed within the industry as a formal “green light.” Franklin Templeton’s Solana ETF is set to trade under the ticker SOEZ on NYSE Arca. The product previously faced setbacks as the SEC repeatedly extended its review period throughout the year.
Want to learn more? Read our report.
XRP slipped to $2.18 on Nov. 26, reflecting a 0.12% drop over the past 24 hours. The coin lost nearly 16% of its value within the last 30 days. Daily trading volume also fell sharply by 34.89% to $4.13 billion.
The simultaneous decline in both price and volume suggests a potential trend shift, possibly indicating weakening market interest amid recent developments and broader macroeconomic pressures.
Despite the pullback, XRP is still up 1.9% over the past week, and its total market capitalization stands at $131.84 billion.
12 US spot Bitcoin ETFs have seen $22.45 million in net outflows this week. This marks the fourth straight week of withdrawals. Each of the previous three weeks saw more than $1.1 billion exit.
November’s total outflows have now reached $3.57 billion. Meanwhile, the products gained $3.53 billion in September and $3.42 billion in October.
This pullback highlights growing caution among institutional investors amid rising macroeconomic uncertainty, including new US tariff pressures on major economies such as China, diminishing expectations of a Federal Reserve rate cut in December, and a strengthening US dollar.
Plume Network’s native token PLUME jumped nearly 55% in just one hour after South Korean exchange Upbit announced its plans to list the asset.
Trading activity soared, with 24-hour volume spiking almost 600% to $187 million.
For more details, please read the report.