Bitcoin (BTC) traded above $91,900 on Nov. 26 following a sharp decline earlier in the week. Ethereum (ETH) reclaimed the $3,000 level, while XRP jumped approximately 14% over the week to around $2.18. The recoveries follow distinct regional trading patterns, with U.S. sessions driving most of the buying pressure.
What Happened: U.S. Sessions Turn Positive
Market analyst Ted Pillows shared session-based chart data from Velo showing U.S. trading hours returned to positive territory after earlier weakness. The blue line representing U.S. hours climbed from above 2% to 3.73% on Nov. 24 before reaching 7.55% by Nov. 26, reflecting gains of more than 4% over that period.
Bitcoin fell below $87,000 earlier in the week before U.S. buying emerged.
Ethereum and XRP, which experienced declines in previous weeks, stabilized alongside Bitcoin's recovery during American trading hours.
European trading hours showed uneven performance, with the purple line rising to 1.67% on Nov. 24 and briefly pushing to 3.31% later that day. The cumulative weekly return fell into negative territory from Nov. 21 before a slight recovery left it below the flat line by week's end.
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Why It Matters: Asia Leads Selling
The APAC trading session remained between negative 5% and negative 7% for most of the week after starting in slightly positive territory around Nov. 20. Pillows noted Asian hours have been the dominant selling window for Bitcoin this year, continuing a year-long pattern of persistent weakness from the region.
The regional trading divide has reshaped price movements across major cryptocurrencies. Bitcoin's market capitalization stands at approximately $1.8 trillion, while Ethereum controls roughly $400 billion.
Together, the two assets represent a significant portion of total cryptocurrency market capitalization.
The divergence in regional trading patterns suggests different investor approaches to recent volatility. U.S. traders provided support that helped halt downward momentum, while sustained selling from Asian sessions created consistent headwinds throughout the period. European participation remained mixed, neither driving strong buying nor maintaining the heavy selling pressure observed earlier in the month.
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