Bitcoin's price remained above $91,000 (~£68,730) on November 28, as the Crypto Fear & Greed Index rose to 25. Although still in 'Extreme Fear' territory—the 0-25 range associated with panic selling—the index has improved from 22 the previous day and 14 a week earlier, indicating that market sentiment may be stabilising.
However, UK crypto investors face a deadline that extends beyond market psychology. In just 34 days, HM Revenue & Customs (HMRC) will implement mandatory transaction tracking under the Cryptoasset Reporting Framework. From 1 January 2026, all Bitcoin and other crypto trades made by UK residents will be reported to tax authorities, providing full regulatory oversight on individual transactions.
