Bitcoin was marginally lower on Nov. 25, as markets returned to action following the U.S. Thanksgiving holiday. Overall, cryptocurrency markets were mostly in consolidation in today’s session, with the global market cap up 0.12% as of writing. Ethereum was also largely unchanged, with the token hovering below $1,200.

As the market celebrates Thanksgiving,&nbsp;<a target="_blank" href="https://cryptonews.com/news/bitcoin-news/">Bitcoin</a>&nbsp;trades sideways on November 25, maintaining a narrow range of $16,350 to $16,700.

The cryptocurrency market cap saw net inflows of $1.1 billion over the last 24 hours and currently stands at $832.1 billion, up 0.14% over the reporting period.

Top cryptocurrency exchange Binance, in a recent announcement, unveiled the Merkle tree Proof of Reserves (PoR) system.

Binance has released its proof-of-reserves system, starting with bitcoin, in order to show that the exchange is healthy and solvent.

In a major win for stakeholders of the crypto-industry, the Financial&nbsp;Services and Markets Authority (FSMA) of Belgium has clarified that Bitcoin, Ethereum, and other decentralized cryptocurrencies do not qualify as securities.

The FTX attacker turned to ChipMixer to launder funds and already washed around 360 Bitcoin (BTC), according to on-chain sleuth ZachXBT.

Crypto markets have historically been cyclical based on Bitcoin halving events. Bitcoin halvings happen every time 210,000 blocks are mined — roughly every four years. The last halvings occurred in 2012, 2016, and 2020.

After the FTX collapse, there should be constant chatter concerning proof-of-reserves and financial audits of the crypto trading platforms.

Cryptocurrencies without an issuer such as bitcoin (BTC) and ether (ETH) are not securities, Belgium’s <a href="https://www.fsma.be/en/news/classification-crypto-assets-securities-investment-instruments-or-financial-instruments" target="_blank">Financial Services and Markets Authority</a> said Thursday.