Crypto Weekly Recap: Tom Lee Backs Off Bitcoin Forecast, SEC’s Peirce Defends Self-Custody

The cryptocurrency market experienced a challenging week in November as Bitcoin continued its downturn. The leading digital asset has fallen over 20% this month and now hovers around the $4,500 mark, dipping below its annual opening levels and flashing a ‘death cross’ pattern. Uncertainty surrounding rate cuts by the Federal Reserve, a tech-sector slowdown, and fading spot volume weighed on Bitcoin’s price. However, with some positive signs emerging, analysts suggest that short-term trends remain intact. Bitcoin will need to reclaim the $92K-$95K region before any real momentum returns.