Cryptocurrencies Price Prediction: Bitcoin, SARB & Crypto – European Wrap 26 November
|Bitcoin price bottom due 'this week' with BTC down 20% in November
Bitcoin is on course for its worst November since 2018, but a new forecast sees a BTC price bottom this week.
Bitcoin remains in bear market territory ahead of the November monthly close, its drawdown versus October’s all-time highs hitting up to 36%.
South African Reserve Bank flags crypto risks as users reach 7.8 million
South Africa's three largest cryptocurrency exchanges—Luno, VALR, and Ovex—now serve 7.8 million users as of July 2025. These platforms held about $1.5 billion (R25.3 billion) in crypto custody by the end of 2024. The South African Reserve Bank (SARB) tracks this expansion in its First 2025 Financial Stability Review. Adoption reflects broader African trends, where crypto remittances and savings draw users despite volatility. The number of accounts nearly doubled since early 2022, driven by economic pressures like high inflation and currency depreciation.
Crypto Today: Bitcoin, Ethereum, XRP hold steady amid mild ETF inflows
Bitcoin (BTC) is trading above $87,000 at the time of writing on Wednesday, as bulls push for stability, following weeks of persistent declines. Altcoins, including Ethereum (ETH) and Ripple (XRP), are also holding steady above key support levels.
Recovery continuation this week will depend on institutional and retail demand as well as overall risk sentiment. However, investors must temper their bullish expectations, citing key hurdles and existing macroeconomic uncertainty.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.