Market Signal Briefing

Results support declaration of an inaugural Inferred Resource with the annual update
December 01, 2025 6:00 PM EST | Source: Torex Gold Resources Inc.
(All amounts expressed in U.S. dollars unless otherwise stated)

Toronto, Ontario--(Newsfile Corp. - December 1, 2025) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) (OTCQX: TORXF) is pleased to provide results from the 2025 drilling program at Media Luna West, which support the Company's strategy to target near-mine opportunities in the Media Luna Cluster in order to further enhance and extend the production profile of the Morelos Complex.

Jody Kuzenko, President & CEO of Torex, stated:

"The results from this year's drilling program at Media Luna West defined a mineralized footprint of 400 x 300 metres ("m") situated in very close proximity to the main Media Luna deposit. Drilling continued to return impressive, high-grade results, most notably 12.25 grams per tonne gold equivalent ("gpt AuEq") over 11.0 m in drill hole ML25-1088D and 17.79 gpt AuEq over 12.9 m in ML25-1095D. Based on these results and ongoing modelling work, we expect to declare an inaugural Inferred Resource with our annual mineral reserves and resources update in March 2026. Future drilling at Media Luna West will be focused on expanding the resource footprint towards the north along the main north-south corridor and to the south towards the highly prospective San Miguel fault, as well as upgrading resources from the Inferred to the Indicated category.

"These latest results build on the drilling success we have had within the Media Luna Cluster and reinforce the quality of the mineralization we see on the south side of the property. We believe Media Luna West could be a potential new mining front should the area be evaluated as economically viable, which becomes more likely now that we can leverage the infrastructure constructed at Media Luna.

"The results from Media Luna West are part of the investment we made this year to expand the resource footprint more broadly across the Morelos Property. We look forward to sharing the results from drilling conducted at other targets across the Media Luna Cluster and Atzcala over the coming months as we believe they will further showcase the true exploration potential at Morelos and our ability to sustain production above 450,000 gold equivalent ounces at reserve metal prices well beyond 2030."

MEDIA LUNA WEST DRILLING & EXPLORATION PROGRAM

Drilling and exploration programs at the Media Luna Cluster support the Company's objective of enhancing and extending the production profile of Morelos by expanding resources and increasing reserves. Progress continues to be made across the Media Luna Cluster in the mission to refine the new structural framework through the identification of multiple alteration events, various and distinct mineralization styles, and main mineralization controls.

The deeper understanding of the structural controls across the Morelos Property has reoriented exploration at Media Luna West to focus on the intersection of the north-south structural corridor with west-northwest-striking faults linked to the San Miguel fault. The fault is thought to be the structure that provided the mineralizing fluids to the north-south structural corridor at Media Luna West during the mineralization events (Figure 1).

Drilling at Media Luna West in 2025 has been aimed at declaring an inaugural Inferred Resource with the ultimate goal of potentially establishing a new mining front within the Media Luna Cluster should the resources prove to be economically viable through future infill drilling as well as technical and commercial evaluation. Drilling has primarily been focused on exploring the mineralized continuity of the high-grade intercepts encountered in the previously drilled holes ML24-1043DB (13.40 gpt AuEq over 28.4 m) and ML23-986A (29.78 gpt AuEq over 14.1 m), and to define the mineralized footprint (Table 3). A total of 10,744 m of drilling was conducted across 23 drill holes (including eight parent holes) during 2025. This release contains all drilling completed during 2025 and one drill hole from 2024's program that was not previously reported, totaling 11,303 m over 24 drill holes.

Drill hole intercepts for Media Luna West are core lengths and not true widths, as true widths will be determined once the geological modelling is completed. The gold equivalent grade calculations reported for each intercept use the same metal prices ($1,650/oz gold ("Au"), $22/oz silver ("Ag"), and $3.75/lb copper ("Cu")) as well as metallurgical recoveries (90% Au, 86% Ag, and 93% Cu) used in the current mineral resource estimate for the Media Luna deposit (effective date of December 31, 2024) and have been applied to the assay results for newly published drill holes as well as previously published drill holes. The gold equivalent grade calculation used is as follows: AuEq = Au (gpt) + (Ag (gpt) * 0.0127) + (Cu (%) * 1.6104). Further information on drill results and gpt AuEq calculations can be found in Table 2. Previously reported drill holes are reported in Table 3.

References to future gold equivalent production is based on forecast Au, Ag, and Cu production based on the metal price ratios implied by metal prices used to estimate mineral reserves ($1,500/oz Au, $19/oz Ag, and $3.50/lb Cu).

Figure 1: Plan view of Media Luna Cluster showing Media Luna West drill intercepts, the resource footprints for EPO and Media Luna, and the Media Luna East target area.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1863/276437_7121c8e7b4cdcaca_001full.jpg

North-south faults define structural blocks in which mineralization is found at different elevations depending on whether it lies in the hanging wall or footwall of the structures (Figure 2). Drill holes ML25-1080A and ML25-1088D testing for mineralization at the hanging wall of the reverse fault portray relevant intercepts at elevations over 400 m above sea level ("m.a.s.l"), while drill hole ML24-1043DB, drilled at the footwall, intercepted mineralization at elevations below 400 m.a.s.l. (Figure 3).

Results from drill holes ML25-1080A and ML25-1088D confirm that the local-scale mineralization controls are the fringes of the diatreme breccias and the contact between the granodiorite stock and the overlying limestones within the calc-silicate alteration envelope (Figure 3). Based on the current observations, the mineralization sequence commenced with a copper-rich mineralization event hosted in the calc-silicate alteration that developed along the contact of the granodiorite intrusive and the limestones. Later reactivation of the north-south and north-west faults allowed for the intrusion of phreatomagmatic breccias, providing ground preparation for a late gold-rich fluid that preferentially mineralized the fringes of the breccias and enriched the previous copper-bearing mineralization with gold. The latter explains the gold-rich intercepts at the fringes of the breccias, and the gold-copper mineralization more commonly found within the calc-silicate alteration.

A mineralized footprint of 400 x 300 m has now been defined. The system remains open to the north along the north-south mineralized corridor and to the south as surface mapping shows continuity of the breccia bodies towards the San Miguel fault.

The advanced exploration program for Media Luna West in 2025 was successfully completed with compelling results that could support the delivery of an inaugural Inferred Resource with the annual mineral reserve and resource update in March 2026. Once declared, Media Luna West is expected to advance to the next stage of the exploration pipeline through a resource categorization program that will commence in 2026 with a target of upgrading Inferred Resources to the Indicated Resources category.

Table 1: Highlights from the 2025 drilling program at Media Luna West

Drill HoleFrom
(m)To
(m)Core Length
(m)Au
(gpt)Ag
(gpt)Cu
(%)AuEq
(gpt)ML25-1080A652.3702.049.72.470.90.012.50
724.0744.420.47.426.20.207.81incl.730.0734.04.020.229.00.1220.53
751.9761.910.04.233.50.124.47ML25-1083D718.7722.94.26.222.80.016.27
752.6757.85.12.4335.90.974.45incl.753.9755.11.26.6895.72.4311.80
770.0777.37.31.319.20.522.28ML25-1088D647.0658.011.011.7010.30.2612.25incl.652.6656.64.026.3311.30.2426.85ML25-1095D703.6716.512.917.258.70.2717.79incl.705.7710.44.736.3514.30.2736.97
763.5773.19.60.8737.41.463.69 
Notes to Table:
1) Intercepts are reported as core length (not true width/thickness). True width/thickness will be determined once the geological modelling is completed.
2) Core recovery is shown in Table 2.
3) The gold equivalent grade calculation used is as follows: AuEq = Au (gpt) + (Ag (gpt) * 0.0127) + (Cu (%) * 1.6104) and use the same metal prices ($1,650/oz Au, $22/oz Ag, and $3.75/lb Cu) and metallurgical recoveries (90% Au, 86% Ag, and 93% Cu) used in the year-end 2024 mineral resource estimate for Media Luna.
4) All assay results are uncapped. Core lengths subject to rounding.

MEDIA LUNA WEST GEOLOGY

The Media Luna West target is part of the Media Luna Cluster, which also includes Media Luna, Media Luna East, EPO, and Todos Santos. They are hosted within the Mesozoic carbonate-rich Morelos Platform, overlayed by Cuautla and Mezcala formations and have been intruded by Paleocene stocks, sills, and dikes of granodioritic to tonalitic composition.

The north-south thick-skin deep-seated faults control the architecture of the mineralized zones with sub-parallel second-order faults generating favourable traps for the different mineralizing fluids during the multiple stages of deformation.

Cu-Ag and later Au mineralization is hosted within the intense extension fractures in the footwalls and hanging walls of the faults related to the emplacement of the approximately north-south-striking dikes and breccias. Mineralization is better developed along the contact of Morelos formation limestones and Media Luna granodiorite. The margins of altered dikes and sills of the calc-silicate envelope also act as a secondary control of mineralization.

The mineral assemblage is characterized by pyroxene, garnet, and magnetite. Metal deposition occurred during hydrated minerals alteration and is associated with a mineral assemblage comprising of amphibole, phlogopite, chlorite, and calcite ± quartz ± epidote as well as variable amounts of magnetite and sulfides, primarily pyrrhotite. The style of mineralization at both Media Luna West and Media Luna East is characterized by Au with locally high Ag and Cu grades. Given that Au precipitates due to the buffer exerted by the early stage of calc-silicate alteration and sulfide mineralization, it occurs as free Au and is generally dissociated from the earlier Cu mineralization event that is mainly represented by chalcopyrite.

QA/QC

Torex maintains an industry-standard analytical quality assurance and quality control ("QA/QC") and data verification program to monitor laboratory performance and ensure high-quality assays. Results from this program confirm the reliability of the assay results.

The exploration program and analytical QA/QC program for Media Luna Cluster drilling is currently overseen by José Antonio San Vicente Díaz, Chief Exploration Geologist for Minera Media Luna, S.A. de C.V. All samples reported have been checked against Company and Lab standards and blanks. No core duplicate samples are taken.

HQ-size core is sawn in half with half the core retained in the core box and the other half bagged and tagged for shipment to the sample preparation facility. Sample preparation is carried out by Bureau Veritas ("BV"), an accredited laboratory, at its facilities in Durango, Mexico and consists of crushing a 1 kg sample to >70% passing 2 mm followed by pulverization of 500 g to >85% passing 75 μm. Au is analyzed at the BV facilities in Hermosillo, Mexico following internal analytical protocols (FA430) and comprises a 30 g fire assay with an atomic absorption finish. Samples yielding results >10 gpt Au are re-assayed by fire assay with gravimetric finish (FA530). Cu and Ag analyses are completed at the BV facilities in Vancouver, Canada as part of a multi-element geochemical analysis by an aqua regia digestion and/or four acid digestion with detection by ICPES/MS using BV internal analytical protocol AQ270/AQ370. Overlimits for the multi-element package are analyzed by internal protocol AQ374. External pulp check assays for QA/QC purposes are performed at ALS Chemex, de Mexico S.A. de C.V., an accredited laboratory. The pulp check samples are analyzed for Au, Ag, and Cu. Overall comparability between Bureau Veritas and ALS Chemex is good to excellent with high correlation.

Additional information on sampling and analyses, analytical labs, and methods used for data verification is available in the Company's technical report entitled the "Morelos Property, NI 43-101 Technical Report, ELG Mine Complex Life of Mine Plan and Media Luna Feasibility Study, Guerrero State, Mexico", dated effective March 16, 2022 filed on March 31, 2022 (the "2022 Technical Report") and in the annual information form ("AIF") dated March 21, 2025, each filed on SEDAR+ at www.sedarplus.ca and the Company's website at www.torexgold.com.

QUALIFIED PERSON

Scientific and technical information contained in this news release has been reviewed and approved by Rochelle Collins, P.Geo. (PGO #1412), Principal, Mineral Resource Geologist with Torex Gold Resources Inc. and a "qualified person" ("QP") as defined by NI 43-101. Ms. Collins has verified the data disclosed herein, including sampling, analytical, and test data underlying the drill results. Verification included visually reviewing the drill holes in three dimensions, comparing the assay results to the original assay certificates, reviewing the drilling database, and reviewing core photography consistent with standard practice. Ms. Collins consents to the inclusion in this release of said information in the form and context in which it appears.

ABOUT TOREX GOLD RESOURCES INC.

Torex Gold Resources Inc. is a Canadian mining company engaged in the exploration, development, and production of gold, copper, and silver from its flagship Morelos Complex in Guerrero, which is currently Mexico's largest single gold producer. The Company also owns the advanced stage Los Reyes gold-silver project in Sinaloa, Mexico and recently acquired a portfolio of early-stage exploration properties, including the Batopilas and Guigui projects in Chihuahua, Mexico, and the Gryphon and Medicine Springs projects in Nevada, USA.

The Company's key strategic objectives are to: deliver Media Luna to full production and build EPO; optimize Morelos production and costs; grow reserves and resources; pursue disciplined growth and capital allocation; retain and attract best industry talent; and be an industry leader in responsible mining. In addition to realizing the full potential of the Morelos Property, the Company continues to seek opportunities to acquire assets that enable diversification and deliver value to shareholders.

CAUTIONARY NOTES ON FORWARD-LOOKING STATEMENTS

This press release contains "forward-looking statements" and "forward-looking information" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation. Generally, Forward-Looking Information can be identified by the use of forward-looking terminology such as "objective", "target", "continue", "potential", "focus", "demonstrate", "belief" or variations of such words and phrases or statements that certain actions, events or results "will", "would", "could" or "is expected to" occur. Forward-Looking Information also includes, but is not limited to, statements that drilling results disclosed herein: support the Company's strategy to target near-mine opportunities in the Media Luna Cluster and the Company's objective of enhancing and extending the production profile of Morelos by expanding resources and increasing reserves; support the declaration of an inaugural Inferred Resource in March 2026 with an ultimate goal of potentially establishing a new mining front within the Media Luna Cluster should the resources prove to be economically viable; showcase the true exploration potential of Morelos and the ability to sustain production above 450,000 gold equivalent ounces well beyond 2030; and the expectation that a resource categorization program will commence in 2026 with a target of upgrading Inferred Resources to the Indicated Resources category. Forward-Looking Information also include the Company's key strategic objectives to: deliver Media Luna to full production and build EPO; optimize Morelos production and costs; grow reserves and resources; pursue disciplined growth and capital allocation; retain and attract best industry talent; and be an industry leader in responsible mining. Forward-Looking Information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such Forward-Looking Information, including, without limitation, risks and uncertainties associated with: the ability to upgrade mineral resources to categories of mineral resources with greater confidence levels or to mineral reserves; risks associated with mineral reserve and mineral resource estimation; and those risk factors identified in the 2022 Technical Report, the AIF, and the Company's management's discussion and analysis for the three and nine months ended September 30, 2025 (the "MD&A") or other unknown but potentially significant impacts. Forward-Looking Information is based on the assumptions discussed in the 2022 Technical Report, AIF, and MD&A, and such other reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the Forward-Looking Information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on Forward-Looking Information. The Company does not undertake to update any Forward-Looking Information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws. The 2022 Technical Report, AIF and MD&A are filed on SEDAR+ at www.sedarplus.ca and the Company's website at www.torexgold.com.

Figure 2: Plan view of Media Luna West showing high-grade drilling intercepts over different structural blocks at distinct elevations. Mineralization remains open to the north along the main north-south corridor and to the south towards the San Miguel fault.

Figure 3: Media Luna West section view showing high-grade intercepts of over 30 m of vertical continuity within the favourable alteration zone and notably at the fringes of a diatreme breccia as main mineralization controls.

Table 2: Media Luna West drill results

Intercept
Drill HoleProgramUTM-E (m)UTM-N (m)Elevation (m)Azimuth (°)Dip
 (°)Final Depth (m)From
(m)To
(m)Core Length
(m)Au
(gpt)Ag
(gpt)Cu
(%)AuEq
(gpt)Core
Recovery
(%)ML24-1051DAdv. Expl. 421015.71984856.41093.1

786677.5681.03.52.1711.60.443.01100.0%

696.0698.02.03.1310.90.223.63100.0%ML25-1059Adv. Expl.421097.71984931.31134.0270-75407Parent holeML25-1062DAdv. Expl.421097.71984931.31134.0

1013956.4958.52.10.2238.41.783.57100.0%ML25-1066DAdv. Expl.421097.71984931.31134.0

980No significant valuesML25-1068Adv. Expl.421150.01984902.51119.2260-80600Parent holeML25-1068AAdv. Expl.421150.01984902.51119.2

867692.0694.02.04.470.70.004.48100.0%ML25-1069Adv. Expl.421168.21985019.81183.7270-77506Parent holeML25-1072DAdv. Expl.421168.21985019.81183.7

909718.0722.04.01.903.50.212.29100.0%

728.0731.03.010.724.20.2211.12100.0%

758.0762.94.93.334.40.073.51100.0%

770.0772.02.07.024.00.187.35100.0%ML25-1073Adv. Expl.421113.21985076.81190.9259-80356Parent holeML25-1073AAdv. Expl.421113.21985076.81190.9

941815.6821.45.93.782.20.093.95100.0%ML25-1074DAdv. Expl.421168.21985019.81183.7

936No significant valuesML25-1080Adv. Expl.421157.81984959.81152.0272-81356Parent holeML25-1080AAdv. Expl.421157.81984959.81152.0

866652.3702.049.72.470.90.012.5086.3%

724.0744.420.47.426.20.207.81100.0%incl.

730.0734.04.020.229.00.1220.53100.0%

751.9761.910.04.233.50.124.47100.0%ML25-1083DAdv. Expl.421113.21985076.81190.9

860718.7722.94.26.222.80.016.27100.0%

752.6757.85.12.4335.90.974.45100.0%incl.

753.9755.11.26.6895.72.4311.80100.0%

770.0777.37.31.319.20.522.28100.0% 
Notes to Table
1) Intercepts are core lengths and do not represent true thickness of mineralized zones. True width/thickness will be determined once the geological modelling is completed.
2) Core lengths subject to rounding.
3) Coordinates are WGS 1984 UTM Zone 14N
4) Torex is not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data.
5) The gold equivalent grade calculation used is as follows: AuEq = Au (gpt) + (Ag (gpt) * 0.0127) + (Cu (%) * 1.6104) and use the same metal prices ($1,650/oz Au, $22/oz Ag, and $3.75/lb Cu) and metallurgical recoveries (90% Au, 86% Ag, and 93% Cu) used in the year-end 2024 mineral resource estimate for Media Luna.
6) All assay results are uncapped.

Table 2 (continued): Media Luna West drill results

Intercept
Drill HoleProgramUTM-E (m)UTM-N (m)Elevation (m)Azimuth (°)Dip 
(°)Final Depth (m)From
(m)To
(m)Core Length
(m)Au
(gpt)Ag
(gpt)Cu
(%)AuEq
(gpt)Core
Recovery
(%)ML25-1084Adv. Expl.421034.21985188.41192.9262-82452Parent holeML25-1084AAdv. Expl.421034.21985188.41192.9

881No significant valuesML25-1086Adv. Expl.421112.81985080.11191.093-79800684.0710.026.01.5835.91.514.47100.0%incl.

692.3697.65.35.9360.42.5510.81100.0%ML25-1088DAdv. Expl.421157.81984959.81152.0

758647.0658.011.011.7010.30.2612.25100.0%incl.

652.6656.64.026.3311.30.2426.85100.0%ML25-1091Adv. Expl.421113.21985078.51191.0360-84446Parent holeML25-1094DAdv. Expl.421034.21985188.41192.9

882838.2840.42.20.8029.91.092.93100.0%ML25-1095DAdv. Expl.421113.21985078.51191.0

839703.6716.512.917.258.70.2717.79100.0%incl.

705.7710.44.736.3514.30.2736.97100.0%

763.5773.19.60.8737.41.463.69100.0%ML25-1102DAdv. Expl.421113.21985078.51191.0

887774.6782.27.60.2129.01.162.45100.0%ML25-1106Adv. Expl.421037.11985186.91192.9119-78392Parent holeML25-1112DAdv. Expl.421037.11985186.91192.9

935882.0883.71.70.8042.40.882.76100.0% 
Notes to Table
1) Intercepts are core lengths and do not represent true thickness of mineralized zones. True width/thickness will be determined once the geological modelling is completed.
2) Core lengths subject to rounding.
3) Coordinates are WGS 1984 UTM Zone 14N
4) Torex is not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data.
5) The gold equivalent grade calculation used is as follows: AuEq = Au (gpt) + (Ag (gpt) * 0.0127) + (Cu (%) * 1.6104) and use the same metal prices ($1,650/oz Au, $22/oz Ag, and $3.75/lb Cu) and metallurgical recoveries (90% Au, 86% Ag, and 93% Cu) used in the year-end 2024 mineral resource estimate for Media Luna.
6) All assay results are uncapped.

Table 3: Previously reported drill results

Intercept
Drill HoleProgramUTM-E (m)UTM-N (m)Elevation (m)Azimuth (°)Dip 
(°)Final Depth (m)From
(m)To
(m)Core Length
(m)Au
(gpt)Ag
(gpt)Cu
(%)AuEq
(gpt)Core
Recovery
(%)ML23-986Drill Test421112.81985080.11190.8321-88166Parent holeML23-986ADrill Test421112.81985080.11190.8

870784.5798.614.127.5027.91.2029.78100.0%MLW-02Drill Test421168.81985018.21183.4220-75838676.3713.637.34.082.10.004.11100.0%

721.5732.911.42.980.70.002.99100.0%

752.1761.19.110.312.20.0410.41100.0%ML24-1039Drill Test421099.81984933.81135.887-85700616.6622.76.10.6524.21.042.63100.0%

635.8637.51.72.732.40.082.89100.0%ML24-1043DBDrill Test421099.81984933.81135.887-85925765.7767.21.33.162.50.043.2580.6%

796.4830.028.413.361.70.0113.4084.4%incl.

806.3820.013.122.662.70.0222.7395.3%incl.

825.0826.01.020.201.30.0020.22100.0%incl.

829.0830.01.023.702.70.0323.79100.0% 
Notes to Table
1) Intercepts are core lengths and do not represent true thickness of mineralized zones. True width/thickness will be determined once the geological modelling is completed.
2) Core lengths subject to rounding.
3) Coordinates are WGS 1984 UTM Zone 14N
4) Torex is not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data.
5) The gold equivalent grade calculation used is as follows: AuEq = Au (gpt) + (Ag (gpt) * 0.0127) + (Cu (%) * 1.6104) and use the same metal prices ($1,650/oz Au, $22/oz Ag, and $3.75/lb Cu) and metallurgical recoveries (90% Au, 86% Ag, and 93% Cu) used in the year-end 2024 mineral resource estimate for Media Luna.
6) All assay results are uncapped.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276437

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Results emphasise Tunkillia grade potential in key features HIGHLIGHTS New assays support higher-grade model for Tunkillia S1 ‘Starter Pit' mineralisation; infill drilling targeting conversion to JORC (2012) ‘Measured' category to underwrite financing 1 Tunkillia ‘S1' pit modelled to produce $825m operating profit in first year of operations from average grade of 1.19 g/t Au - new broad, high-grade assays from this zone include: 2 Hole ID Interval Including: TKB0267 14m @ 2.78 g/t Au from 88 metres 3m @ 6.97 g/t Au from 98 metres TKB0269 28m @ 2.60 g/t Au from 129 metres 2m @ 20.9 g/t Au from 144 metres TKB0282 27m @ 2.68 g/t Au from 60 metres , and 44m @ 3.68 g/t Au from 103 metres 2m @ 38.7 g/t Au from 73 metres 3m @ 23.5 g/t Au from 123 metres TKB0285 47m @ 2.67 g/t Au from 97 metres 16m @ 5.03 g/t Au from 126 metres TKB0292 41m @ 2.21 g/t Au from 47 metres 7m @ 9.61 g/t Au from 47 metres TKB0301 10m @ 7.37 g/t Au from 65 metres 1m @ 28.8 g/t Au from 67 metres TKB0306 10m @ 5.03 g/t Au from 152 metres , and 13m @ 3.75 g/t Au from 165 metres 1m @ 43.2 g/t Au from 154 metres 1m @ 37.1 g/t Au from 165 metres Balance of assays from recent Tunkillia ‘Phase 1' upgrade drilling expected during December 2025 and January 2026, with updated JORC (2012) Mineral Resource Estimate by March 2026 ADELAIDE, AU / ACCESS Newswire / December 1, 2025 / Barton Gold Holdings Limited (ASX:BGD)(OTCQB:BGDFF)(FRA:BGD3) ( Barton or Company ) is pleased to announce first assay results from recent drilling at its South Australian Tunkillia Gold Project ( Tunkillia ). These assays confirm broad new intervals of high-grade gold mineralisation which infill the central portion of Tunkillia's S1 ‘Starter Pit', emphasising the high-value nature of this zone to Tunkillia's development.

, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of American Depositary Shares ("ADS" or "ADSs") of WPP plc (NYSE: WPP) between February 27, 2025 and July 8, 2025, both dates inclusive (the "Class Period"), of the important December 8, 2025 lead plaintiff deadline.

So what: If you purchased WPP plc ADSs during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the WPP plc class action, go to https://rosenlegal.com/submit-form/?case_id=46121 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 8, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of WPP's media arm; notably, that it was not truly equipped to handle the ongoing macroeconomic challenges while competing effectively and had instead begun to lose significant market share to its competitors. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the WPP plc class action, go to https://rosenlegal.com/submit-form/?case_id=46121 call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      [email protected]
      www.rosenlegal.com

SOURCE THE ROSEN LAW FIRM, P. A.

NEW YORK, Dec. 01, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of agilon health, inc. (NYSE: AGL) resulting from allegations that agilon health may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased agilon health securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=46039 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: On August 4, 2025, agilon health issued a press release entitled “agilon health Reports Second Quarter 2025 Results.” Commenting on the results, agilon health’s Executive Chair stated that “as we progressed through this transition year, it’s become clear that the industry headwinds are more acute than previously expected[.]” Further, the release announced that the company was “suspending its previously issued full-year 2025 financial guidance and related assumptions.”

On this news, agilon health’s stock fell 51.5% on August 5, 2025.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

In a dramatic twist, Bitcoin saw a steep decline of 7% within a single day, igniting fresh debates about the cryptocurrency's susceptibility to manipulation. Onlookers and analysts alike are trying to decipher the reasons behind this sudden drop, but no definitive explanation has emerged.

In brief
Strategy stock is down significantly this year, leading some observers to speculate that the Bitcoin treasury might have to sell crypto.
But analysts at Benchmark have said that the skeptics don't understand how the company works.
They reiterated a "buy" rating for the firm.
Investment bank Benchmark rejected recent skepticism of Bitcoin treasury Strategy, saying in a note Monday that the company's stock remains an attractive opportunity for crypto exposure. 

The "loudest" critics are "manifestly unfamiliar" with how Strategy works, equity Research Analyst Mark Palmer wrote in the note shared with Decrypt. He brushed aside concerns that Strategy could be in trouble, saying that BTC would have to drop below $12,700 and stay there for the company to suffer.

"In simple terms, the company would be unable to fully cover its ~$8.2bn of convertible debt outstanding if Bitcoin's price were to fall below $12,700 and stay there," Palmer wrote. "That would require a decline of ~86% from current levels. While drawdowns of 80%+ have occurred multiple times during bitcoin’s 17-year history, we believe multiple macro shocks would have to happen simultaneously to drive such a reversal at this point."

Benchmark continued to give the firm a "buy" rating and $705 price target, based on the assumption that Bitcoin will reach $225,000 by the end of 2026.

"We believe Strategy's stock remains one of the most powerful asymmetric vehicles in global markets because its balance-sheet architecture, capital-raising engine, and Bitcoin-linked reflexivity give it upside torque that no other equity can match," Palmer wrote.

Nasdaq-listed Strategy—formerly MicroStrategy—started buying Bitcoin in 2020 as a way to protect shareholder returns. It has since spent $48.3 billion on the cryptocurrency largely using leverage and now holds 650,000 BTC worth $55.2 billion at today's prices, making it the largest corporate holder of the digital coin. 

Investors can get exposure to Bitcoin via stock and dividend-paying instruments that Strategy has issued. 

But its stock has dropped this year after soaring in 2024. MSTR closed Monday trading at $171.24 and is down 43% year-to-date as the price of Bitcoin has erased its earlier 2025 gains. 

Bitcoin was recently changing hands at a little over $85,779, more than 30% below its October record of $126,080, according to crypto markets data provider CoinGecko. 

Year-to-date BTC is down about 9%, despite U.S. President Donald Trump's crypto-friendly policies.

Still, 54% of respondents in a Myriad prediction market expect BTC to rise to $100,000 in its next big move with the remainder forecasting a fall to $69,000. (Myriad is a unit of Dastan, the parent company of an editorially independent Decrypt.)

Strategy on Monday announced it had formed a $1.44 billion U.S. dollar reserve as a vehicle to provide "very smooth continuous dividends," when Bitcoin is down. It also didn't rule out selling the cryptocurrency. 

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017,
aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy,
our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a
rigorous Review Methodology when evaluating exchanges and tools. From emerging
blockchain projects and coin launches to industry events and technical developments, we cover
all facets of the digital asset space with unwavering commitment to timely, relevant information.

Kalshi has moved fully on-chain with the launch of tokenized prediction markets on Solana, marking its strongest challenge yet to Polymarket in the fast-growing prediction sector. The shift turns Kalshi’s event contracts into Solana-based tokens that users can trade with greater speed and privacy.

Solana Integration Delivers Faster, Cheaper and More Private Trading
The new tokenized contracts work like regular Kalshi markets but now exist as digital assets on Solana’s ledger. Every contract will become a token that individuals can obtain or exchange through Solana wallets.

This allows the users to buy or sell SOL tokens without the traditional interface of Kalshi. Hence, it eliminates friction points like creating an account and checks. The company believes that the structure provides greater privacy and at the same time offers event markets operating under Federal regulations.

According to CNBC, Kalshi chose Solana because of it charges lower fees compared to other networks and huge transaction capability.

These features matter for prediction markets that require fast execution and deep liquidity. Regulators are also monitoring tokenization trends. For instance, the SEC is preparing to review new rules around tokenized assets.

Kalshi said that decentralized finance protocols like DFlow and Jupiter will support institutional access by linking their systems to the platform’s off-chain orderbook. This links the regulated structure of Kalshi with the open liquidity pool from Solana.

Growing Volumes Drive Kalshi Toward Deeper On-Chain Liquidity
Demand for this model has increased as prediction markets continue to experience rising activity. Data cited by the company shows that industry-wide trading volumes reached nearly $28 billion through October.

Weekly volumes touched fresh highs in late October as more traders turned to event-based contracts for political and economic forecasts. Kalshi is aware of the fact that such growth needs more liquidity to ensure price remains accurate in thousands of markets.

This growth in activities has come with more scrutiny. A lawsuit filed recently charges Kalshi with the manipulation of event contracts on its site.

The company’s listed event contracts is more than 3,500. They include elections, economics, weather and cultural outcomes. Crypto traders continue to be a major audience, trading regularly. They contribute significantly to the capital on this platform and other high-volume sites.

Kalshi’s leadership says this group brings the depth needed to scale the exchange’s long-term roadmap. The firm believes tokenized markets will help it compete directly with Polymarket, which already allows on-chain trading.

Kalshi Expands Its On-Chain Strategy
Kalshi believes offering similar on-chain access while maintaining regulatory oversight gives it a unique advantage in the United States. The company added that tokenization ensures better pricing because deeper liquidity reduces spreads across active markets.

Users benefit when markets reflect real probability shifts rather than thin trading activity. Kalshi plans to expand this model to more blockchains as adoption grows. The company sees tokenized trading as a core part of its future strategy and expects on-chain markets to become standard across the prediction industry.

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Tesla and SpaceX chief Elon Musk has stoked fresh debate about Bitcoin after a recent social post in which he said the cryptocurrency is “based on energy” and that energy cannot be faked. The comment, posted on X, quickly drew attention from investors and politicians alike.

Musk’s remark landed as markets moved. Bitcoin was down, and trading roughly around $86,500 at the time of the post, and crypto coverage noted a flurry of reactions across social feeds and trading desks. Some market watchers saw the statement as a boost for BTC’s narrative as an inflation hedge.

Musk Frames Bitcoin As ‘Energy Money’
According to Musk, the act of mining ties Bitcoin to physical energy: miners consume electricity to secure the network and mint new coins, which he said makes Bitcoin harder to fake than printed fiat.

In a fresh clip shared from Nikhil Kamath’s interview, Musk makes his stance clear:

Out now @elonmusk pic.twitter.com/dQVLniUgWA

— Nikhil Kamath (@nikhilkamathcio) November 30, 2025

The line of argument presents energy use not as a flaw but as a kind of proof that creates scarcity. Several crypto outlets ran pieces unpacking the idea and how it contrasts with past criticism Musk voiced about mining’s environmental toll.

Market Moves And Political Echoes
Traders and some policy figures reacted quickly. Bitcoin backers posted support, while others urged caution. Meanwhile, separate coverage noted that SpaceX recently moved almost $270 million worth of Bitcoin, a move that traders flagged as potentially market-swaying. Those on both sides of the debate said Musk’s post could influence investor sentiment, at least in the short run.

BTCUSD now trading at $86,718. Chart: TradingView
What The Energy Argument Means
The core of the claim is simple: you cannot manufacture energy the way a central bank can print more currency. That idea appeals to people worried about rising public spending on tech and AI, which some analysts say could put pressure on fiat money.

But critics point out a gap: energy used to mine Bitcoin does not become a stored reserve like gold. It is consumed. Value, they argue, still relies heavily on trust and demand, not energy alone.

Past Stance And Ongoing Questions
Musk’s comment marks a visible shift from his earlier stance in 2021 when Tesla paused Bitcoin payments over mining energy concerns.

Since then, the mining sector has changed in parts, with more projects claiming use of renewables, while others still depend on fossil fuels. The debate now mixes technical, economic and political threads, making clear answers hard to find.

Featured image from Lovepik, chart from TradingView

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Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Ripple's RLUSD stablecoin is rapidly expanding on Ethereum rather than the company's native XRP Ledger (XRPL). According to CryptoSlate data, RLUSD's total circulating supply has surged to $1.26 billion within 12 months of its launch.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Ethereum price dropped by over 10% in the past 24 hours, falling below $3,000. The drop came after the cryptocurrency breached critical support at $2,900. This resulted in a wave of stop-loss triggers and liquidated long positions of $500 million.

The volume of trading increased to 33.2 billion, which is 200% higher. There was also a loss in the wider crypto market, where it dropped by 6.98% in the past day. The market has declined by 20% in the last 30 days. Bitcoin, SOL, XRP, and DOGE also showed a similar trend of decline.

Overall, market corrections can be seen in this decline. Bitcoin and $5 000 lost, and long positions worth half a billion liquidated. Within several hours, the market value of crypto was wiped out at an estimated value of 200 billion.

TODAY’S MARKET DUMP MAKES ABSOLUTELY NO SENSE.$BTC suddenly dropped $5K and $ETH dropped below $2.8K, while alts dumped 10%-20%.

$500M+ in long positions got liquidated.

$200B got wiped out from the crypto market in a few hours.

But there was no big news.

Trump didn’t… pic.twitter.com/HD1SB15Txh

— Crypto Rover (@cryptorover) December 1, 2025

Ethereum’s Fusaka Upgrade Goes Live, Marking a Key Milestone
On December 3, Ethereum flipped its Fusaka upgrade, the second significant upgrade of the network in 2025. This upgrade aligns executed and consensus-layer changes and is a great enhancement to the scale of Ethereum. It allows the network to handle more Layer 2 transactions.

The Ethereum holdings of BitMine Immersion Technologies have grown by 96,798 ETH in an ongoing purchase spurt in the market on a downward trend. The firm has gained ground despite the recent crash of cryptocurrencies and their values. This is opposed to most other digital asset companies, which have been scaling back their exposure.

What’s Next For Ether Price?
The latest Ethereum price traded at $2,738, signaling a strong bearish trend in the market.

There has occurred a great sell-off in the market, and the MACD indicator is experiencing negative divergence. This shows that downward trend might be sustained in the near future. The MACD histogram is also red, which indicates the persistent bearish feeling.

The Relative Strength Index (RSI) is now at 32, and it is in the deep oversold region. This implies that Ethereum is being massively sold, and it might experience a possible reversal.

Source: ETH/USD 4-hour chart: Tradingview
Looking at the key price levels, the $2,700 and $2,500 zones are crucial. Failure to retain these levels by Ethereum price would increase the bearish trend.

Conversely, in case Ethereum price is supported at these levels and begins recovering, it might head up to the $2,900 and $3,000 levels.

An increase beyond $2,900 would indicate a possible reversal to the bullish side, and a fall below $2,500 would probably cause further losses

Bitcoin has consistently shown resilience in its historical cycles, with each major bull run emerging after a significant market correction. On December 1, 2025, veteran trader Peter Brandt highlighted that Bitcoin's most notable price surges have occurred only after the cryptocurrency endured drawdowns exceeding 75%.

Bitcoin is struggling once again after dropping below $85k earlier today. The largest cryptocurrency by market capitalization is heading into 2026 in bearish territory, and some analysts are already predicting a long-term bear market. According to a useful analytical tool called BTC CVDD (Cumulative Value-Days Destroyed), the cryptocurrency is set to hit a bottom around $45,000 this time.

The BTC CVDD Metric
BTC CVDD is a crypto analytical tool used to track the age and dollar value of Bitcoin sold by long-term holders. It is the ratio of the cumulative value of Coin Days Destroyed in USD to the market age in days, adjusted by a scaling factor. CVDD has been useful for predicting BTC market bottoms in the past, and it could provide crucial levels to watch for this time as well.

Popular crypto analyst Ali tweeted:

“$45,880 is what the CVDD suggests as a potential bottom for Bitcoin $BTC.”

He also provided a detailed analysis of the BTC CVDD graph and showed the relationship between past ATHs and bottoms since the first crypto halving of 2012:

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Image Source: X
TC CVDD analysis is a helpful tool for predicting the bottom. However, the graph still doesn’t expect the end of a crypto bull run or a price rebound.

What to Make of the CVDD Analysis?
BTC’s latest ATH was set less than 2 months ago. The digital currency has since recorded a 31% price drop and is struggling around the $85k price level at press time. So, if the new ATH of this cycle has already been recorded, the CVDD analysis predicts that we will see BTC depreciate to the $40k range again at some point. 

However, there is still a slim chance that the premier digital currency can recover from the bearish territory below $100k and rebound quickly to new highs. This change in fortunes can alter the CVDD model’s calculations and yield an updated figure. 

Furthermore, when the price of Bitcoin falls to or below the CVDD line, it has often signaled a potential buying opportunity. Currently, the CVDD line is well above Bitcoin’s retail price, making it a great buying opportunity for traders. However, many of the investors could be looking for a potential bottom, and CVDD is a great place to start.

Vanguard Group will allow bitcoin and crypto-linked exchange-traded funds and mutual funds to trade on its platform, reversing a policy that for years barred retail clients from accessing digital-asset products through the firm.

Starting Tuesday, Vanguard brokerage customers will be able to trade ETFs and mutual funds that primarily hold select cryptocurrencies, including Bitcoin and other crypto, according to Bloomberg reporting. 

The move marks a shift for the world’s second-largest asset manager, which has long argued that digital assets were too volatile and speculative for long-term portfolios.

The decision follows growing demand from both retail and institutional investors and comes after the approval of spot Bitcoin ETFs in January 2024 ushered billions of dollars into regulated crypto products. 

BlackRock’s iShares Bitcoin Trust, the largest of those funds, peaked near $100 billion in assets earlier this fall and still manages about $70 billion despite recent price declines. 

A Bitcoin ETF lets investors gain exposure to Bitcoin without actually buying or storing the cryptocurrency themselves. 

Instead, the fund holds Bitcoin (or Bitcoin-related contracts) while investors simply buy shares on a stock exchange, with the share price moving alongside Bitcoin’s market value. It’s a convenient and easy way to get invested in Bitcoin. 

More institutional money coming into bitcoin
Vanguard’s change opens access to crypto funds for more than 50 million brokerage customers who collectively oversee more than $11 trillion in assets, as of September 1, 2025.

“Cryptocurrency ETFs and mutual funds have been tested through periods of market volatility, performing as designed while maintaining liquidity,” Andrew Kadjeski, Vanguard’s head of brokerage and investments, told Bloomberg. 

He added that back-office processes for servicing crypto funds have matured as investor preferences evolve.

The policy shift comes more than a year after Salim Ramji, formerly a top executive at BlackRock and a longtime blockchain advocate, took over as Vanguard chief executive.

While Vanguard will support most crypto funds that meet regulatory requirements, the firm said it will not launch its own crypto products and will continue to exclude funds linked to meme coins.

“While Vanguard has no plans to launch its own crypto products, we serve millions of investors with diverse needs,” Kadjeski said.

Crypto-linked ETFs remain among the fastest-growing segments in U.S. fund industry history, even after a sharp market pullback, underscoring rising investor appetite for regulated exposure to digital assets.

BlackRock recently increased internal exposure to its IBIT spot Bitcoin ETF, with its Strategic Income Opportunities Portfolio now holding 2.39 million shares worth $155.8 million — up 14% since June. 

Bitcoin jumped on the news, trading above $86,500 at the time of writing. 

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.

In brief
The total crypto market cap today plunged to $2.89 trillion, losing $200 billion in a single day—erasing all gains since April.
Bitcoin and Ethereum charts flash warning signals, yet prediction markets suggest bulls haven't given up.
The bleeding in the crypto market isn’t stopping today. Bitcoin dropped 7%, Ethereum lost 9.52%, XRP tanked 9.4%, and Solana plummeted 10.35%. Not a single coin in the top 100 by market cap is in the green except for the lesser known Merlin Chain, which somehow climbed 34% while everything else burned.

The total crypto market cap fell as low as $2.89 trillion, down 7.22% in the last 24 hours. To put that in perspective: Bulls have surrendered all the territory they gained since April, and the market has lost nearly one-third of its value from October's peak of over $4 trillion.

So what the hell happened? In technical terms, the general crypto market is maintaining the trend and momentum typical of a big post-all-time high correction.

When it comes to the fundamentals, two major catalysts may have impacted prices as cryptocurrencies play a bigger role in the big portfolios. First, Japan's 10-year government bond yield surged to 1.84%—the highest level since April 2008. This rippled through Asian markets as the Nikkei plunged 3%, dragging down risk assets like crypto in a classic "risk-off" cascade. When Japanese bonds start offering higher yields, they suddenly become more attractive than risky bets on digital assets in the Asian markets.

Then there’s the other cascade: overleveraged positions in the crypto derivatives market that turns bulls into forced sellers. Just in the last 24 hours, the crypto market has seen almost $1 billion in liquidations—90% of which have been long positions (that is, traders betting on upside, though in this case being painfully wrong).

No wonder the Crypto Fear & Greed Index is at a mere 20 points—the most fearful the market has been since early April.

Bitcoin (BTC) price: Bulls losing grip on key support

Bitcoin opened today at around $90,369, hit a daily peak of just fifty bucks higher, then plunged to a low of $83,814 before settling around $84,913—a brutal 6% daily loss that follows a major dip after entering a death cross.

The current price of Bitcoin represents a medium-term support that BTC needs to respect, for bulls’ sake. Based on historical trading volume levels, if this support is broken, prices may dip to around $70,000—the price where most accumulation took place before this current support.

Bitcoin (BTC) price date. Image: TradingviewThe technical picture isn't pretty, and the exponential moving averages, or EMAs, explain why.

EMAs help traders identify trend direction by smoothing out price action—when the faster 50-day price average crosses below the slower 200-day average, it typically signals bearish momentum for the medium term. Right now, Bitcoin's 50-day EMA is below its 200-day EMA, flashing a short signal. And Bitcoin is currently trading well below both EMAs, indicating sellers are in control.

The Average Directional Index, or ADX, reads 40, which indicates a strong trend is in place. ADX measures trend strength regardless of direction on a scale from 0 to 100. Readings above 25 confirm a genuine trend is underway, and 40+ suggests powerful momentum. The problem? That momentum is currently pointing down.

The Squeeze Momentum Indicator shows that Bitcoin is currently on a bearish trend with no immediate chances of a bullish bounce.

Looking at the chart's Fibonacci retracement levels, Bitcoin is currently hovering around the $83,784 zone (marked on the right side of the chart above). The next support levels sit at $70,684, $57,583, and $38,932 if the crypto winter extends throughout 2026. The EMA readings on the chart show Bitcoin needs to reclaim the $90K level just to stabilize in the short term.

On Myriad, a prediction market built by Decrypt's parent company Dastan, market sentiment has flipped back and forth over the last day. At the moment, Myriad traders place 46% odds on Bitcoin falling all the way back down to $69K before ever hitting $100K again. Earlier today, those odds rose as high as 52%, but the trend is clear: Just yesterday, traders were still placing 72% odds on a bounce.

Ethereum (ETH) price: Even more bearish signals

Ethereum got hit harder than Bitcoin today. ETH opened at $2,991.7, inched upwards by just $6 and then crashed to a low of $2,716.4. The world’s biggest altcoin currently trades at around $2,733.2—an 8.65% daily loss.

Ethereum (ETH) price date. Image: TradingviewThe technical indicators mirror Bitcoin's bearish setup but with even more concerning readings. The 50-day EMA sits below the 200-day EMA, confirming the short-term bearish trend. Ethereum is trading significantly below both moving averages, suggesting the path of least resistance remains down.

The ADX for Ethereum reads 43—even stronger than Bitcoin's 40—indicating powerful bearish momentum is in play. When ADX climbs above 40, it signals to traders that the current trend (in this case, down) has strong conviction behind it. The Squeeze Momentum Indicator shows Bearish Force in Range mode, identical to Bitcoin, meaning there could be a price fight as Ethereum reaches a key support.

Prediction market traders on Myriad are even more bearish on Ethereum than Bitcoin. Traders are currently placing odds at a whopping 75% that ETH continues to head down to $2.5K.

Both Bitcoin and Ethereum charts are screaming caution, but even amid this brutal performance, prediction market traders either don't believe this crypto winter will last, or don't think it will be particularly severe.

On Myriad, the market questioning whether "Crypto Winter is coming" has 87% of the money betting “no,” based on the criteria.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Key takeaways:

Stablecoin concerns, regulatory pressure, and reduced risk appetite among traders weighed more on Bitcoin than Japan’s bond-market moves.

Reduced confidence in global growth and stress on digital asset reserve companies amplified BTC selling and subsequent stop losses.

Bitcoin (BTC) price dropped sharply on Sunday after failing to overcome $92,000. The slide to $84,000 on Monday wiped out $388 million in bullish leveraged positions, leaving analysts searching for a clear explanation. A mix of factors contributed to the sell-off and pushed traders toward a more cautious stance.

Some analysts quickly tied Bitcoin’s drop to turbulence in the Japanese bond market where yields on 20-year notes climbed to their highest level in 25 years.

Japan 20-year bonds yield (left) vs. Bitcoin/USD (right). Source: TradingView / CointelegraphHigher yields generally signal that investors are less willing to buy those bonds at current prices, whether due to concerns about inflation or rising government debt. Although the moves occurred on the same day, drawing a direct link is challenging, especially since the 30-day correlation has fluctuated between positive and negative throughout the year.

Japan’s market stress may also reflect deteriorating global economic expectations. Trader Jim Chanos, famous for predicting the fall of Enron during the dot-com bubble in 1999, highlighted in a recent interview with Yahoo Finance the growing risks tied to GPU-backed debt issued by cloud artificial intelligence firms.

AI datacenter funding, USD billion. Source: Bofa Global ResearchAccording to Chanos, “a lot of the AI companies [...] are just loss-making enterprises right now,” and if this does not change, “there is going to be debt defaults.” The financing trend that uses GPUs as collateral was pioneered by CoreWeave (CRWV US), according to Yahoo Finance, and has been accompanied by Nvidia’s (NVDA US) large investments in the cloud sector.

Regulatory uncertainty adds to crypto market uneaseAnother source of unease came from the regulatory environment, even if not directly tied to Bitcoin. When traders sense that governments are tightening their stance on cryptocurrencies, many investors become less willing to increase exposure. So, even without direct consequences for Bitcoin itself, overall sentiment can turn negative.

Reuters reported on Saturday that China’s central bank reaffirmed its strict approach toward digital assets, pledging to intensify its crackdown on illegal activity. The People’s Bank of China (PBOC) reportedly said that stablecoins “were being used for illegal activities including money laundering, fraud, and unauthorized cross-border fund transfers.”

The 23% Bitcoin price decline over the past 30 days has disrupted how strategic digital-asset reserve companies operate. Until recently, they had strong incentives to issue stock at market prices and use the proceeds to buy Bitcoin, but that approach breaks down once a company trades below its net asset value. 

Strategy (MSTR US) CEO Phong Le stated in an interview that the company would only consider selling its Bitcoin if mNAV remains depressed and every other funding option has been exhausted. Although fears spread over the weekend, Strategy announced on Monday that it successfully raised $1.44 billion in cash to support dividend payments and service its debt obligations.

Tether (USDT/CNY) vs. US dollar/CNY. Source: OKXtIn parallel, S&P Global Ratings downgraded Tether (USDT) stablecoin reserves to the weakest level possible on Wednesday. USDT soon began trading at a 0.4% discount relative to the official USD/CNY rate in China, signaling moderate selling pressure.

Analysts cited “persistent gaps in disclosure” and “limited information on the creditworthiness of its custodians, counterparties, or bank account providers.” Whether or not the criticism is fully justified—given that Tether does not operate like a traditional bank—the move still hurts cryptocurrency traders’ risk appetite.

Bitcoin’s crash to $84,000 on Monday reflects broader concerns around the stablecoin sector and fading confidence in global economic prospects, rather than any specific issue in Japan’s government bond market.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

23h05 ▪
4
min read ▪ by
Eddy S.

Summarize this article with:

Bitcoin has just fallen below $84,000, a threshold that raises questions among investors. This drop occurs in a tense economic context, where selling pressures and macroeconomic uncertainties weigh heavily. This week promises to be decisive in determining whether 2025 will close in red or green.

In brief

Bitcoin falls below $84,000 in early December, due to selling pressures and adverse macroeconomic headwinds.
$85,200 and $87,000 levels are critical: their maintenance will determine stabilization or worsening of the drop to close 2025.
December could offer a bitcoin buying opportunity if the market stabilizes, but caution remains necessary amid volatility.

Why Is Bitcoin Collapsing Below $84,000?
Bitcoin starts December 2025 with a sharp drop to $84,000. A collapse explained in part by the selling pressure exerted by institutional players on Wall Street. Indeed, from the opening of the US markets, massive sales accelerated the decline, reducing available liquidity and amplifying price movements. Investors, already nervous, reacted by liquidating their positions, worsening the downward trend.

In Asia, adverse macroeconomic headwinds played a key role. The rise in interest rates in Japan and geopolitical tensions reduced liquidity, creating an unfavorable environment for risky assets like bitcoin. Cascade liquidations triggered by margin calls then amplified the drop, turning a correction into a deeper movement.

Finally, the end of “Quantitative Tightening” in the United States, though supposed to favor risk assets, has not yet had the expected effect on bitcoin. Capital flows remain cautious, and investors await clearer signals before repositioning massively on cryptocurrencies.

Which Levels Will Tip BTC in December 2025?
The $85,200 and $87,000 levels are now under close watch following bitcoin’s fall to $84,000. The first, $85,200, represents a critical support: if bitcoin fails to hold there, a new wave of selling could drive the market to new lows. Conversely, a rebound above this threshold could indicate a gradual stabilization.

Key levels to watch for bitcoin.
The second level, $87,000, is just as crucial. Crossing this mark would allow bitcoin to retest the weekly open and give a positive signal to investors. They must therefore remain vigilant, as a break below $85,200 could dash hopes of a rebound and extend the downtrend.

Bitcoin in December: Is a Down Start a Good Omen?
Historically, December has often been a volatile month for bitcoin. In 2017 and 2020, this period was marked by spectacular rallies, while in 2018 and 2022, corrections dominated. For this year, predictions for December are mixed. Some analysts, like Ryan Lee from Bitget Research, believe BTC could soar to $100,000:

Despite the pullback, the underlying structure remains constructive. If the Federal Reserve adopts a more accommodating tone under new leadership, expectations of rate cuts could fuel a new rally, potentially driving bitcoin to $110,000.

Accordingly, Michaël van de Poppe fairly believes that this drop in bitcoin could offer a buying opportunity at a low price.

On the other hand, others, more pessimistic, fear a continuation of the fall, especially if key levels do not hold. The general sentiment thus remains mixed, between fear and opportunism.

This week is decisive for bitcoin, with key levels to watch and macroeconomic factors to consider. Between opportunities and risks, December 2025 promises to be a pivotal month for BTC. Will bitcoin manage to reverse the trend or does this drop herald a prolonged crypto winter?

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Eddy S.

The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

5 minutes ago

Ryan Navi will guide Forward Industries’ Solana treasury strategy as digital asset companies’ shares face steep market declines.

Top SOL treasury company Forward Industries has appointed Ryan Navi as chief investment officer to oversee the execution of the company’s Solana-focused treasury strategy.

According to Monday’s announcement, Navi will handle sourcing and structuring capital markets opportunities and direct how Forward Industries uses its staking and validator infrastructure to support the accumulation of (SOL), Solana’s native token.

Navi joins Forward Industries after leading digital-asset investments at ParaFi Capital and previously serving as a principal at investment company KKR, where he focused on liquid and distressed credit strategies. He began his career in investment banking at Citi.

Forward Industries, which pivoted from a global design company serving medical and technology companies to launch its treasury strategy in September, is among the companies betting on SOL tokens as part of a crypto treasury strategy.

Top 10 Solana treasury companies. Source: CoinGecko According to CoinGecko data, Forward currently holds 6,910,568 SOL valued at about $863.5 million, which amounts to slightly more than 1% of the total SOL in circulation.

In October, the company launched its first institutional-grade validator node on the Solana blockchain, expanding its presence in the ecosystem.

Forward authorized in November a $1 billion share repurchase program, allowing the company to buy back shares through open-market purchases, block trades or privately negotiated transactions.

Shares of Solana treasury companies plummetSeveral Solana-focused treasury companies debuted this year, and some saw their share prices jump sharply following their launch announcements.

In August, shares of Sharps Technology jumped over 96% after the company announced its pivot from a medical device maker to focus on accumulating Solana’s native token.

However, as the price of SOL has fallen by over 30% the past month and is currently trading around $125 per token, many of these companies’ stock prices have reflected the drop.

Solana Co. (HSDT), the second-largest SOL-focused digital asset treasury, declined by nearly 37% over the past 30 days, while shares of DeFi Development Corporation (DFDV) plunged 40% over the same period.

Source: Yahoo FinanceForward Industries has also come under pressure. Its shares have declined nearly 80% from a $39 peak in September.

Magazine: When privacy and AML laws conflict: Crypto projects’ impossible choice

On December 1, 2025, Bitcoin experienced a significant decline, influenced heavily by the appreciation of the Japanese yen. This sharp movement resulted in the unwinding of several carry trades, highlighting the interconnectedness of global currencies and digital assets.

MYX Finance, a cryptocurrency asset, experienced a notable 23% uptick in its value as of December 1, 2025, catching the eye of investors and analysts alike. This surge has come amidst a fluctuating market environment, prompting discussions on the sustainability and future trajectory of MYX Finance.

Kalshi Launches Tokenized Event Bets on Solana Blockchain: CNBCThe prediction market is rolling out tokenized contracts on Solana to meet crypto traders where they already are, Kalshi told CNBC. Dec 1, 2025, 8:25 p.m.

Kalshi is now offering tokenized versions of its event-contract wagers on Solana, the company told CNBC, marking its clearest bid yet to attract crypto traders who have gravitated to on-chain platforms like Polymarket.

The setup tokenizes Kalshi’s existing event markets, spanning politics to macro data, and makes them tradable on Solana, according to the Monday report.

STORY CONTINUES BELOW

Tokenized contracts work the same as Kalshi’s traditional products, but on-chain trading adds anonymity and aligns the exchange more closely with Polymarket’s model, the report said.

Tokenization is the process by which real-world assets are converted into blockchain-based tokens.

Support is already live, according to CNBC, with decentralized finance (DeFi) protocols DFlow and Jupiter connecting Kalshi’s off-chain order book to Solana liquidity.

Kalshi’s head of crypto, John Wang, told CNBC the move is designed to tap deeper pools of capital as prediction-market activity accelerates.

Tokenization gives Kalshi access to “billions of dollars of liquidity,” lets developers build third-party front ends, and helps maintain competitive pricing, Wang said.

Founded in 2018, Kalshi became the first exchange to offer federally regulated event contracts tied to U.S. congressional races in 2024 after a protracted fight with the Commodity Futures Trading Commission (CFTC), the report noted.

The firm now runs about 3,500 markets and closed a $1 billion funding round last month that valued the company at $11 billion, according to a TechCrunch report.

As Polymarket presses into the U.S., CNBC noted Kalshi will need more liquidity to keep pace, something crypto-native traders may be uniquely equipped to provide.

Read more: State of Crypto: Kalshi and Prediction Markets Face a Setback

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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On today's episode of CNBC Crypto World, bitcoin falls to its lowest level since April to kick off December. Plus, Strategy announces the company established a $1.44 billion cash reserve to fund dividends on its preferred stock.

Ripple President Monica Long has already reacted to Ripple securing a major regulatory victory in Singapore. 

She has framed the license expansion as a major win for Ripple’s growth and customers.

"With this expanded scope of payment activities for the MPI license, Ripple can scale our licensed payment services in Singapore for our growing customer base, including banks and fintechs. Proud to keep growing in Singapore," she said.  

As reported by U.Today, the Monetary Authority of Singapore (MAS) approved an expanded scope for Ripple’s Major Payment Institution (MPI) license, which is a high-level license that only a few crypto companies globally possess.

Why it mattersMAS expanded what Ripple is allowed to do under its MPI license. This lets Ripple offer more regulated payment services, including end-to-end cross-border payments. Moreover, it enables support for digital payment tokens like XRP and RLUSD

The expanded license lets Ripple scale its payment services in Singapore for banks, fintechs, and crypto companies.

Singapore is, of course, one of the most advanced digital-asset regulators in the world

With the recent license, Ripple can now strengthen its position in the Asia-Pacific region, which is shaping up to be the fastest-growing digital-asset market.

The bitcoin price stumbled into December with fresh volatility, plunging 8% early Monday to the mid-$84,000s before clawing back toward $85,456 at the time of writing.

The world’s largest digital asset is now teetering at a key $85,000 level — a price band analysts say could determine whether the bitcoin price stabilizes or slides toward a deeper test of $75,000 in the weeks ahead.

The pullback extends a two-month downtrend that has erased more than 30% from Bitcoin’s October record highs. Over the past 24 hours, BTC traded between $91,866 and $83,800, with thin liquidity and a surge in forced liquidations accelerating the move.

Bitcoin price key levels: $85,000, $84,000 — then $75,000? Bitcoin price closed the week and month at $90,385, showing a brief green weekly candle, but bears quickly regained control, pushing the price down toward $87,000. 

The close remains below key resistance at $91,400, leaving bulls with an uphill battle. Initial resistance tests at $91,400 and $93,000 failed, with stronger resistance expected between $98,000 and $103,000 if bulls regain momentum, according to Bitcoin Magazine analysts. 

On the support side, $84,000 held this past week, though the bounce was weak. Bulls aim to defend the 0.146 Fibonacci level at $87,000, while failure to hold $84,000 could open a path down to $75,000. Further support lies between $72,000 and $69,000, with a deeper test of $57,700 if selling pressure intensifies.

November’s monthly candle closed strongly bearish, taking out prior green closes from April through June.

Although the bitcoin price remains above the 21-month EMA, the close confirmed a bearish MACD cross, signaling sustained subdued momentum over the next two to three months. This aligns with expectations of a potential top in the four-year cycle.

In the short term, the bitcoin price may trade in a range as bears consolidate, while bulls attempt to reclaim $91,400 and $94,000. Overall, the market faces downward pressure, and caution is warranted for bulls seeking a reversal.

Bitcoin’s November candle erased three months of prior gains and cemented a bearish monthly momentum shift. Analysts tracking the four-year cycle say the latest data adds weight to the argument that October likely marked the cycle top.

Federal Reserve, Bitcoin price and corporate bitcoin moves The Federal Reserve’s upcoming December 9–10 meeting looms large. Markets currently assign an 80%–87% probability of a 25-basis-point rate cut — a move that typically supports risk assets and could potentially lift the bitcoin price.

But if the Fed stands pat, analysts warn the crypto market could see another wave of selling, especially with Bitcoin’s November close confirming a bearish MACD cross on the monthly chart — a historically powerful signal that often precedes multi-month side-ways trading and consolidation or decline.

Bitcoin-linked equities were also rattled Monday. Strategy Inc. (formerly MicroStrategy) announced it created a $1.4 billion reserve to cover at least 21 months of dividend and interest payments, aiming to quash investor fears it might be forced to sell part of its 650,000 BTC stash. 

The company also disclosed a new purchase of 130 BTC for $11.7 million. The move stabilized the stock after an early market sell-off of over 12% at times. Currently, $MSTR’s stock is down 4% on the day.

BlackRock, meanwhile, recently increased internal exposure to its IBIT spot Bitcoin ETF, with its Strategic Income Opportunities Portfolio now holding 2.39 million shares worth $155.8 million — up 14% since June. 

JPMorgan rolled out a structured note tied to IBIT, offering up to 1.5x upside by 2028.

Earlier this week, the price of gold nearly passed $2,300 an ounce.

At the time of writing, the bitcoin price is $85,456. On October 6, the bitcoin price hit all-time highs above $126,000.

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.

XRP is entering December with a mix of unusual market signals, steady price action, and renewed bullish expectations from analysts and prediction platforms.

Despite the general instability and uncertainty in the crypto market, traders continue to monitor XRP’s behavior above the $2.0 range as new data points shape sentiment.

XRP's price trends to the downside on the daily chart. Source: XRPUSD on Tradingview
One-Sided Liquidations Highlight Market Imbalance
Liquidation data from CoinGlass recorded an unusual reading this week after XRP posted $0 in short liquidations during a one-hour window. All losses came from long positions, totaling about $128,000. Such a clean one-sided liquidation profile is rare in active derivatives markets and immediately stood out across the crypto sector.

Other major assets, such as Bitcoin and Ethereum showed typical liquidation activity on both sides. For XRP, the imbalance suggested that leveraged traders were heavily positioned for upside, leaving long holders exposed even to small price movements.

Despite this, XRP’s price has not been immune to the broader market downturn, which saw the total crypto market cap drop by more than 5%. XRP slipped toward the $2.04 area, but analysts note that the $2.00 zone remains a key support level. On the upside, $2.20 continues to act as the immediate resistance level to watch.

Technical Outlook Points to a Potential December Breakout
XRP ended November down more than 17%, mirroring a broad market decline that has seen Bitcoin fall to $86,700 and several altcoins record double-digit losses. This drop came despite positive developments, including strong early inflows into newly approved crypto ETFs and the growth of Ripple USD (RLUSD).

On the charts, XRP continues to trade around the Murrey Math Lines pivot. Analysts highlight a bullish flag pattern forming on the eight-hour timeframe, which is typically a continuation structure that may trigger a breakout. A successful move higher could send the token toward $2.73, the next major resistance.

Mixed Prediction Market Signals but Strong Community Confidence
Prediction markets are split on XRP’s near-term prospects. Kalshi data shows a 69% probability that XRP will end the year with a positive return, reflecting strengthened sentiment after weeks of consolidation. In contrast, Polymarket assigns a 99% chance to XRP reclaiming the ATH by 2026.

Despite the divergence, the community outlook remains firm. Traders point to XRP’s steady range, rising ETF interest, and resilience during volatility as indicators of potential upside. As December unfolds, XRP’s narrow trading band and unusual liquidation patterns are setting the stage for this decisive month.

Cover image from ChatGPT, XRPUSD chart from Tradingview