Digital Assets Decoded: Your Daily Crypto Guide podcast.
Hey everyone, Crypto Willy here with your weekly roundup on Digital Assets Decoded, and let me tell you—what a rollercoaster we've had this past week.
First up, the market sentiment has been absolutely brutal. The CMC Fear & Greed Index just crashed to an unprecedented 11, signaling extreme panic across the entire crypto ecosystem. Bitcoin dropped below $82,000, marking its sharpest monthly decline since 2022. We're talking a massive 33 percent correction from October's peak of $126,000. It's been a bloodbath, and honestly, the entire sector got hammered with crypto equities like MicroStrategy down nearly 60 percent in just four months.
But here's where it gets interesting from a regulatory standpoint. Mike Selig just advanced toward becoming CFTC Chair after the Senate Agriculture Committee moved his nomination forward. This guy's a key SEC crypto policy official, and industry leaders are seeing his rise as a strong signal for clearer U.S. crypto rules. Meanwhile, the SEC itself just dropped crypto from its 2026 examination priorities—a major regulatory shift signaling retreat from the aggressive oversight we saw under Gary Gensler. New Chair Paul Atkins is taking a different approach, focusing on dialogue rather than punishment.
Speaking of regulatory moves, Representative Warren Davidson introduced the Bitcoin for America Act, which would allow federal taxes to be paid in Bitcoin without capital-gains tax. The money would flow into the U.S. Strategic Bitcoin Reserve, potentially expanding the government's current holdings of about 198,000 Bitcoin. Pretty forward-thinking stuff.
On the altcoin front, Grayscale just launched its Dogecoin and XRP ETFs on November 24th on the NYSE. It's a rare same-day launch for two major altcoins, and Bloomberg's Eric Balchunas called it a big step toward more regulated altcoin products.
Now here's something that caught everyone's attention: Ethereum has been showing some resilience. As of late November, Ethereum traded around $3,037, up nine and a half percent for the week despite being down over 21 percent month-to-date. The technical picture shows major support holding between $3,050 and $3,200, which traders are watching closely.
But not everything's been smooth sailing. Cardano suffered a rare chain split after a malformed transaction triggered a validation flaw, forcing the blockchain into two separate versions. No funds were lost, but ADA dropped over six percent as exchanges briefly paused services.
On the corporate side, Robert Kiyosaki—yeah, the Rich Dad guy—actually sold $2.25 million in Bitcoin despite constantly telling his followers to buy and hold. He's moved those gains into surgery centers and billboard businesses, expecting $27.5K in monthly cash flow by 2026. Still claims he's bullish though.
The broader picture shows the crypto market cap sitting about $50 billion below the 2024 peak at $3.73 trillion, with outflows continuing to dominate. The global Financial Stability Board warned that significant gaps in international cryptocurrency regulations persist, leaving investors vulnerable.
Thanks so much for tuning in to Digital Assets Decoded. Come back next week for more breaking news and deep dives into the crypto world. This has been a Quiet Please production—check out Quiet Please dot A I for more content. Stay safe out there, and keep your keys secure!
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