![[LIVE] Crypto News Today, November 28 – Ethereum Price Holds Above $3,000 as Fed Rate Cut Odds Rise to 87% and Senate Bill Vote Nears – Best Crypto to Buy?](https://kumbhcoin.org/wp-content/uploads/2025/11/Will-Gaza-Ceasefire-Hold-Will-Yellow-Line-Risk-Sink-Global.svg.svg+xml "[LIVE] Crypto News Today, November 28 – Ethereum Price Holds Above $3,000 as Fed Rate Cut Odds Rise to 87% and Senate Bill Vote Nears – Best Crypto to Buy?")
On this quiet Friday, November 28, 2025, the crypto market is moving sideways after one of its toughest months of the year, leaving traders reassessing what could be the best crypto to buy now as conditions stabilise.
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Bitcoin
0.14%
Bitcoin
BTC
Price
$91,205.53
0.14% /24h
Volume in 24h
$30.00B
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is sitting at $91,200, up a modest 0.4% over the past 24 hours, while
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Ethereum
0.57%
Ethereum
ETH
Price
$3,025.45
0.57% /24h
Volume in 24h
$13.11B
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is changing hands at $3,010, down 1.2%.
The total market capitalization has slipped below $3 trillion again, but sentiment feels calmer than it did two weeks ago when Bitcoin briefly fell under $90,000.
Traders are now looking ahead to two major events in the next ten days that could determine whether this correction turns into a fresh bull leg or continues into 2026.
EXPLORE: Best New Crypto to Buy in 2025
U.S. Senate Vote And What It Means For Best Crypto To Buy Now
The first key moment arrives on December 8, when the U.S. 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 (overseen by the CFTC) and those classified as securities (under SEC jurisdiction). Most market participants are pricing in roughly a 70% chance that the final version will support the industry.
If it passes in that form, the path to new spot ETFs, clearer tax treatment, and larger institutional allocations becomes much smoother almost overnight. For investors evaluating the best crypto to buy now, this vote could play a major role in shaping near-term positioning.
DISCOVER: ORCA Pump and Dump on Upbit Crypto Hack: Bounced on the Aftermath Following Suspension
Fed Rate Decision And Broader Market Impact
Just two days later, on December 10, the Federal Reserve will announce its final interest-rate decision of 2025. According to the CME FedWatch Tool, the probability of a 25-basis-point cut has climbed to 87%, a steep move from 39% a week ago. Lower rates tend to weaken the dollar and push capital toward risk assets. Given that Bitcoin and Ethereum still move with a 0.89 correlation to the Nasdaq over the past 30 days, a more accommodative Fed could provide meaningful support for the entire sector.
Beyond the calendar catalysts, several on-chain developments are keeping traders attentive. A wallet that has been dormant since 2016 continued its selling this morning, transferring another 1,300 ETH, worth about $3.94 million, to the trading firm Wintermute. Meanwhile, the government of Bhutan publicly confirmed it is actively staking its Ethereum holdings, and spot Bitcoin ETFs recorded modest inflows of $21 million on November 26, their first positive day in weeks.
Taken together, the combination of clearer U.S. regulation and easier monetary policy represents the most constructive macro setup crypto has seen since the start of the year. Analysts tracking Ethereum price action note that the upcoming Fusaka upgrade should boost data capacity eightfold, lending technical support to near-term targets between $3,100 and $3,200.
For now, the market remains in wait-and-see mode. A favourable outcome on both December 8 and December 10 could encourage the year-end rally many have been hoping for.
A weaker result on either front, however, would likely extend the current range-bound trading well into the new year.
Whales Are Flipping From Short To Long On Bitcoin
Whale 0x0ddf9 reversed its Bitcoin position after closing a 1,000 BTC short worth $91 million at a $1.6 million loss. The trader then opened a 3x long on 1,000 BTC, setting a liquidation level at $59,112, indicating shifted market sentiment.
Whale 0x0ddf9 who was shorting $BTC has capitulated and flipped long.
He closed his 1,000 $BTC($91M) short at a $1.6M loss, then opened a 3x long on 1,000 $BTC($91M), with a liquidation price of $59,112.https://t.co/AERSdGNMG7 pic.twitter.com/c3kvUAV1cP
— Lookonchain (@lookonchain) November 28, 2025
UK Crypto Tax Update: New DeFi Rules and “No Gain, No Loss” Policy Explained
The United Kingdom has signalled a major change in how it plans to tax DeFi, backing a “no gain, no loss” idea that could end so-called dry tax bills for everyday users.
The government, through HM Revenue & Customs, says it is developing rules to treat many DeFi loans and liquidity-pool moves on a no-gain/no-loss basis. This would delay capital gains tax until there is a real sale or swap, not just when tokens move in and out of a protocol.
The proposal was flagged alongside Wednesday’s Budget on 26 November and set out in a consultation outcome published this week.
BREAKING:
UK proposes “No-Gain, No-Loss” tax rule for DeFi – deposits into lending or liquidity pools won’t trigger capital gains tax until actual disposal.
Huge win for DeFi users in the UK.
pic.twitter.com/QDpb2kR8vr
— Real World Asset Watchlist (@RWAwatchlist_) November 27, 2025
The post [LIVE] Crypto News Today, November 28 – Ethereum Price Holds Above $3,000 as Fed Rate Cut Odds Rise to 87% and Senate Bill Vote Nears – Best Crypto to Buy? appeared first on 99Bitcoins.
