In crypto news today, traders are fixating on the Federal Reserve’s growing rate cut odds, the viral resurfacing of the Space Quest Bitcoin imagery, and ongoing accumulation moves from Tom Lee.
The jump to an 85% probability for a December rate cut has become one of the biggest catalysts discussed across crypto news today, and it fits neatly with the bullish positioning highlighted by Tom Lee.
Going viral and trending around social media, the old-school Space Quest Bitcoin resemblance has resurfaced as a talking point, with many in crypto news today interpreting every signal, serious or fun, as long as the crypto talk is going on.
BULLISH: The odds of a December rate cut have surged to 85% on Polymarket. pic.twitter.com/2rbEiP8aSe
— Ash Crypto (@AshCrypto) November 28, 2025
Tom Lee, Technical Momentum, and the Rate Cut Effect
The market structure across Bitcoin and major altcoins still tilts upward, especially with a potential rate cut looming.
Bitcoin’s RSI is on a daily climb up to above 40, which analysts view as healthy mid-level momentum, far away from overheated territory. The daily moving average is still in a downtrend after it formed a death cross earlier this month.
However, a golden cross formed two days ago in the 4-hour chart is still keeping the short-term momentum bullish. Coinglass data shows open interest at unusually low levels, a condition that likely precedes a rally, especially with institution taking their positions.
(source – BTC USD, TradingView)
Talking about institutions, Tom Lee continues emphasizing that washed-out leverage creates cleaner upside paths. His firm BitMine has also recently purchased 14,618 ETH, or about $44.3 million, tracked through Arkham Intelligence. That buy has been cited repeatedly in crypto news today as a signal of his conviction that altcoin season is approaching.
(source – Bitmine Inflows, Arkham Intelligence)
Institutional voices also echo the long-term optimism. President Trump again called crypto one of the greatest financial revolutions since the internet. Eric Trump added that Bitcoin’s ability to move $500 million on a Sunday night with no fees “scares big institutions.”
ERIC TRUMP: “With Bitcoin, you can transfer $500 million on Sunday night with no fees.”
“That scares big institutions” pic.twitter.com/lp7fhjnSXr
— Bitcoin Archive (@BitcoinArchive) November 27, 2025
BlackRock CEO Larry Fink reminded investors that cycles, bubbles, and pullbacks don’t matter nearly as much as staying invested. These comments circulate widely in crypto news today as confidence boosters ahead of any rate cut decision.
DISCOVER: 16+ New and Upcoming Binance Listings in 2025
Space Quest Bitcoin Nostalgia and Altcoin Season Hints
The resurfaced Space Quest Bitcoin comparisons have become another subplot today in the crypto news. People noticed that the Buckazoids in Space Quest IV look surprisingly similar, if not the same, to the modern Bitcoin symbol. No Satoshi evidence has been linked to or found from the game, but nostalgia is heartwarming.
In Space Quest IV, there is a cosmic currency that looks identical to Bitcoin. The game, which was released in 1991, was also made by Sierra Games, a studio that at one point included developers like Rod Nakamoto and Satoshi Uesaka. Oddly enough, these people share a first and… pic.twitter.com/qmjAMEeo5G
— Nick Hinton (@NickHintonn) August 25, 2025
People from the memecoin group say they spotted the Space Quest Bitcoin parallel first, joking that Bitcoin might secretly be the universe’s earliest memecoin.
Although the chain is not known for memecoins today (bar PEPE), Ethereum’s rising on-chain activity, combined with Tom Lee’s news, reinforces expectations for a crypto altcoin season.
With the market leaning bullish, a December rate cut could accelerate rotation out of Bitcoin dominance. Across news, charts, cycles, SMA structures, and RSI readings, crypto keeps circling back to the same conclusion today:
It doesn’t matter if markets rise and fall. Bubbles come and go. What matters most is staying in the market trough all cycles”. – Larry Fink
DISCOVER: 10+ Next Crypto to 100X In 2025
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AI Agent On Virtuals Protocol Stole $500,000: A Blessing In Disguise For Verified Bots And VIRTUAL Crypto?
If Meta, Google, and all the tech giants are sinking trillions into building AI infrastructure, that’s a clear signal that AI is here to stay, and may even replace you. The truth is, on the Virtuals Protocol platform, there are numerous AI agents, commanding tens of millions of dollars in market cap, doing, among other things, creating content and even trading.
It is this boom that explains the explosion of the VIRTUAL crypto. Unlike some of the top cryptos to best, struggling for momentum after the flush out of mid-October, VIRTUAL USDT is up nearly +10% year-to-date.
(Source: Coingecko)
In the last week, VIRTUAL crypto is up a decent +6%, bouncing strongly from recent swing lows. Will this uptrend continue?
Read the full story here.
ORCA Pump and Dump on Upbit Crypto Hack: Bounced on the Aftermath Following Suspension
A hack hit one of South Korea’s biggest crypto exchanges yesterday, Upbit. It set off a wild chain reaction in Solana crypto memecoins scene, especially hitting the Solana DEX, Orca.
A Solana hot wallet was breached, and the crypto hacker didn’t hesitate as they pulled more than twenty different tokens, including RAY, BONK, and a noticeable chunk of Orca, to dump everything almost immediately. The chaos pushed traders to scramble, and because Upbit froze deposits and withdrawals for Solana assets, prices on the exchange drifted far above the rest of the market.
In the end, Orca traded with a sharp premium simply because users couldn’t move crypto funds freely.
Read the original piece here.
Indonesian Rupiah Lands on New Binance Listings: Can IDR Supercharge Meme Coin Market?
The surge of new Binance listings paired directly with the Indonesian Rupiah (IDR) marks one of the most aggressive local-market expansions the exchange has pushed in 2025. Launched across three waves starting November 27, these IDR trading pairs finally allow Indonesian users to buy and sell crypto without converting to USD or relying on P2P workarounds.
With Indonesia ranked 7th globally in crypto adoption and over 18M verified users, this move could reshape regional liquidity and potentially ignite the next meme coin supercycle.
Market Pulse: Binance lists 31 new IDR pairs, signaling rising IDR demand
Market Pulse: Binance Lists 31 Pairs
Follow for more.#Binance #IDRTrading #CryptoMarkethttps://t.co/tfqNDpYKUd— Rich by Coin (@richbycoin_news) November 26, 2025
Read the full story here.
Ethereum Price Enters Critical Channel Test: Analysts Mark $3,100 as Lifeline Target as Bhutan Bids Dip
The Ethereum price is entering a decisive stage as bulls attempt to defend crucial support while global institutions quietly accumulate ETH behind the scenes. After weeks of turbulence, Ethereum now trades near $3000, still far from its ATH, but showing fresh signs of life as crypto technical indicators flip from extreme oversold conditions.
With countries like Bhutan increasing their exposure to Ethereum, analysts say the next move could determine whether ETH regains its long-term uptrend or risks another corrective slide into the high $2000 range.
Read the full story here.
The post Crypto Market News Today, November 28: Federal Reserve Rate Cut Odds Blast 85%, Tom Lee Keeps Buying, Space Quest Bitcoin Logo Viral appeared first on 99Bitcoins.
