Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Bitcoin (BTC) accelerated its downward trend, falling below the $90,000 support to a six-month low of $88,267. Key technical indicators such as the 50-week EMA at about $100,000 and the year-open price near $93,300 have broken, fueling debate on whether BTC is bottoming or entering a bear market. Analysts at Swissblock and Glassnode highlight the need for BTC to reclaim the $94,000–$99,000 range to shift momentum bullish, while Daan Crypto Trades points to $94,000 as a critical pivot. Market tracker CoinGlass shows over $2.1 billion in sell orders between $96,600 and $98,500. A break above $98,000 could trigger a short squeeze toward $100,000, but failure may cement bearish control. U.S. spot BTC ETFs saw a $75 million inflow, hinting at early stabilization. Traders should monitor these levels amid upcoming economic data.

Bitcoin price drop accelerated to a low of $86,100 early on Nov. 21, marking its weakest level since late April. Ethereum also plunged below $2,800 before rebounding slightly. Coinglass data show $823 million in crypto liquidations over 24 hours, with nearly 227,000 traders wiped out. The swift correction hit leveraged long positions, underscoring ongoing market volatility. Meanwhile, US stocks lost early gains after Nvidia’s strong earnings. The Dow fell 386 points, the S&P 500 declined 1.56%, Nasdaq dropped 2.16%, and the Philly semiconductor index slid 4.77%. A stronger-than-expected 119,000 jobs added in September nonfarm payrolls bolstered bets on sustained Federal Reserve tightening. Traders should brace for heightened risk-off sentiment amid macro uncertainty. The Bitcoin price drop and Ethereum plunge highlight fragile crypto market stability, as broader equity weakness and hawkish monetary signals drive short-term pressure.

VerifiedX has partnered with Crypto.com to leverage its institutional-grade custody and OTC liquidity solutions to manage $1.5 billion in digital assets. As a decentralized Layer 1 network and Bitcoin sidechain, VerifiedX supports self-custodied vBTC issued on a 1:1 anchor. This collaboration marks the second time this year the two firms have joined forces. The announcement, reported by The Block, drove the VFX token price up by almost 70%. Crypto traders may view this as a sign of growing institutional confidence in VerifiedX’s technology and increased market liquidity. The deal underscores broader trends in crypto asset management, where established exchanges like Crypto.com are expanding into custody services for Layer 1 networks and sidechains.

This OKX token performance snapshot as of November 21 highlights mixed results among major cryptocurrencies. Livepeer (LPT) led gains with a 0.73% rise to $4.406, followed by UNUS SED LEO (LEO) up 0.12% at $9.446. Conversely, Core (CORE) headed losses with a 15.47% slide to $0.141. Strike (STRK) fell 12.72% to $0.226, Near Protocol (NEAR) dropped 8.15% to $2.075, Injective (INJ) decreased 7.40% to $6.067, and Cosmos (ATOM) eased 7.02% to $2.794. These OKX token performance figures underscore daily volatility in the crypto market.

This analysis examines the evolution of decentralized society (DeSoc) built around the “sovereign individual.” It outlines three core layers: 1. Identity Layer: Leveraging DID standards, zero-knowledge proofs (ZK) and Soulbound Tokens (SBT), individuals gain portable, composable on-chain identities. Ethereum improvements like EIP-4361 (SIWE) and ERC-4973/5192 standardize non-transferable identity credentials. 2. Economic Layer: Trusted digital identities enable “persona finance” and a new credit-based economy. Reputation bonds, trust loans, and reputation-backed stablecoins emerge. Data assetization and node income form a universal basic income (UBI), collapsing transaction friction and embedding trust algorithmically. 3. Governance Layer: “Chain migration” lets users reassign rights across multiple DAOs with minimal cost. DAOs compete on political, economic, and cultural attractiveness, driving continuous governance innovation. Early experiments—Lens Protocol (LENS), Worldcoin (WLD), Proof of Humanity, Idena (IDNA), Gitcoin Passport (GTC), ENS (ENS), Credinet—illustrate fragmented identity proofs evolving toward a unified digital persona. Ultimately, DeSoc integrates identity, economy, and governance into a dynamic social ecosystem. Power shifts from irreversible delegation to reversible, service-oriented authorizations, marking civilization’s shift from the atom era to the bit era.

The Bitcoin for America Act, reintroduced by Rep. Warren Davidson, would let US taxpayers pay federal income, estate, gift, and excise taxes in Bitcoin (BTC). Under the bill, the IRS converts BTC payments at par into 20-year Treasury securities for a new Strategic Bitcoin Reserve, with no capital gains or losses triggered. Managed by the Treasury with secure custody measures like cold storage and geographically distributed facilities, the reserve aims to hedge fiat devaluation, strengthen the US balance sheet, and reduce debt reliance. A companion Senate bill and strong industry support underscore growing regulatory acceptance of digital assets. However, passage remains uncertain amid concerns over implementation complexity, price volatility, and compliance costs. If enacted, the Bitcoin for America Act could boost BTC utility for retail and institutional investors and potentially trigger a bullish market response similar to past crypto tax reform rallies.

UK Serious Fraud Office has opened a formal Basis Markets investigation following allegations of misappropriation of $28 million in client funds. Complaints cite unauthorized withdrawals and fraudulent trading on the crypto derivatives platform. Basis Markets has not yet responded publicly. The ongoing Basis Markets investigation highlights intensifying regulatory scrutiny of UK crypto platforms. Traders should watch legal developments closely, as outcomes may undermine confidence in decentralized derivatives services and prompt tighter risk management across the sector.

XRP daily realized losses have surged to a 30-day EMA of $75 million, marking the highest level since April. This metric, tracked by Glassnode, measures the actual losses crypto traders lock in when they sell XRP below their purchase price. The spike in XRP daily realized losses coincides with XRP’s price decline to around $2, reflecting intense selling pressure and eroding market sentiment. Widespread capitulation suggests traders are bailing amid fears of further declines. Historically, peaks in realized losses have often signaled market bottoms and precede recoveries. To assess potential reversals, traders should monitor trading volume, large-wallet movements, and exchange flows. Reduced volume during drops may indicate selling exhaustion and a shift toward market recovery. Despite the current bearish outlook, risk-tolerant investors may find attractive entry points if they believe in XRP’s long-term fundamentals. Crypto traders are advised to apply strict risk management and avoid emotional decisions as market cycles evolve.

According to EmberCN data reported by COINOTAG, the CZ Whale’s counter-trade holds a $2.61 billion ETH long position currently showing a $31.8 million unrealized loss. The ETH long trade carries a liquidation threshold at $2,528. After closing an ASTER short, the trader increased net exposure to nearly $3 billion by adding long bets on ETH and XRP. Recent price drops have compressed mark-to-market value and heightened liquidation risk for the ETH long. Market watchers should monitor the $2,528 level and evaluate risk-adjusted returns. The concentrated counter-position underscores the need for robust risk controls and clear liquidation thresholds in professional crypto desks.

Mining firm MARA moved 644 BTC (≈$58.7 M) to FalconX and Coinbase Prime, signaling potential selling pressure that could deepen Bitcoin’s current correction. On-chain data from Lookonchain shows this latest miner flow amid heightened market fear. Traders worry the fresh supply will accelerate short-term volatility as Bitcoin tests critical support around the $91,000–$92,000 zone near its 50-week moving average. Despite strong downside momentum and increased volume on down-moves, analysts argue the deposit is a routine treasury action—MARA has previously offloaded thousands of BTC at once. The long-term trend remains intact above the rising 100-week MA, suggesting this sell-off may influence short-term trading but is unlikely to trigger a structural bear market if key supports hold.

Metaplanet, a Tokyo-listed analytics firm, plans to raise approximately $135 million through a 23.61 million Class B perpetual preferred share offering at ¥900 ($5.71) per share. The non-voting Class B shares, dubbed “Mercury,” carry a fixed 4.9% annual dividend, paid quarterly, and convert into ordinary stock at ¥1,000 ($6.34) per share. Proceeds will fund additional Bitcoin acquisitions, boosting Metaplanet’s reserves beyond its current 30,823 BTC (valued at $2.82 billion). The company can redeem the shares if the trading price exceeds 130% of the liquidation preference for 20 business days, while holders have redemption rights if unlisted by December 29, 2026. This capital raise, modeled after MicroStrategy’s strategy, underscores Metaplanet’s bullish outlook on Bitcoin’s long-term returns despite a 15.2% unrealized loss on its holdings. The restructuring also cancels older warrants (Series 20–22) and issues new Series 23 and 24 to Evo Fund, aligning incentives in the evolving crypto market.

21Shares has listed six new crypto ETPs on Nasdaq Stockholm, expanding its Swedish suite to 16 products. The new crypto ETPs include single-asset funds for AAVE, ADA, LINK and DOT, plus two index baskets: HODL and HODLX. Each product is fully collateralized and physically backed, offering institutional-grade exposure without direct custody. This follows a Solana ETF launch and coincides with a wave of spot XRP ETFs in the US, highlighting strong Nordic demand for regulated, cost-effective digital asset funds. With roughly $8 billion in assets under management, 21Shares also trades on SIX Swiss Exchange, Euronext, Xetra and the London Stock Exchange.

Bitcoin whale Owen Gunden, an early Mt. Gox arbitrage trader, has fully exited his position by selling 11,000 BTC worth about $1.3 billion since Oct. 21, according to Arkham data. The final tranche of 2,499 BTC ($228 million) was transferred to Kraken, coinciding with a drop in CryptoQuant’s Bull Score Index to 20/100, signalling extreme bearish sentiment. Meanwhile, institutional demand for spot Bitcoin ETFs continues to rise. Recent 13F filings show firms now hold 40% of total US spot ETF assets, up from 27% in Q2 2024, despite $2.8 billion in outflows this November. The divergence between a large BTC sell-off and growing institutional ETF accumulation highlights shifting market dynamics for traders.

A major crypto whale who once profited by shorting ASTER against Binance CEO CZ’s trades has seen gains evaporate after opening leveraged long positions in Ethereum (ETH), XRP and Dogecoin (DOGE). On-chain data reveals: • The whale’s 15× ETH long is down $19.91 million after stop-loss liquidation of 5,000 ETH, with a current liquidation price at $2,539.51. • A 10× XRP position shows an $11.85 million floating loss. • A 5× DOGE long now carries a $1.259 million deficit. Since the “10/11 flash crash,” the whale earned over $39.88 million through seven short trades, including a $10.66 million profit on ASTER shorts. The sudden reversal on high-leverage longs highlights the risks of margin trading, volatile price swings and the potential for rapid drawdowns in crypto. Traders should monitor on-chain indicators and manage leverage to mitigate similar losses.

Onchain Lens data shows a Bitcoin whale holding a 20x leveraged short position. The floating position has generated an unrealized profit of $30 million. Additionally, the whale earned $9 million through favorable funding rates. Combining these gains, the total profit stands at approximately $57 million. This sizeable leveraged short indicates strong bearish sentiment among large BTC holders. Traders should monitor whale activity, funding rates, and on-chain data for potential impacts on price volatility and trading opportunities.

US tech stock outflows have averaged $2.5 billion per week over the last four weeks, surpassing the 2021 record by $800 million, Solid Intel reports. The latest week saw $1.6 billion in net selling. These substantial equity flows reflect rising investor caution in the technology sector and may indicate a shift in market rotation away from high-growth assets. Traders should monitor this trend for potential impact on risk asset performance and portfolio allocation decisions.

The Movement team has returned 50 million MOVE tokens to Binance, marking the latest step in its regulatory-mandated MOVE token buyback. In March, the project allocated $38 million to repurchase 180 million MOVE tokens at an average price of $0.21, moving them to a publicly disclosed on-chain address. To date, a total of 115 million MOVE tokens (≈$10.91 million) have been deposited back on Binance, boosting exchange liquidity. MOVE tokens are trading around $0.05065, down 2.95% over 24 hours. On-chain analysis from EmberCN links the deposit address to the Movement team, suggesting a deliberate market operation. Traders should watch these on-chain MOVE token transfers closely, as continued deposits or withdrawals may influence circulating supply, price action, market sentiment, and investor confidence.

Fundstrat co-founder Tom Lee attributes the recent Bitcoin slump to a market maker liquidity crisis that emerged after October’s sharp price crash. According to Lee, losses sustained by major market-making firms led to reduced capital allocations and tighter risk management, causing liquidity to dry up on key exchanges. The resulting thin order books amplified price swings, contributing to the Bitcoin slump and elevated volatility. Lee warns that until market maker liquidity recovers, traders may face continued volatility and wider bid-ask spreads. He expects a potential rebound once liquidity providers return, but advises caution amid current market conditions. This analysis underscores the importance of monitoring liquidity metrics, as lingering market maker liquidity crisis could accelerate price declines or delay recovery.

The UK’s National Crime Agency (NCA) has launched a fraud investigation into a $28M crypto fund collapse. This crypto fund collapse has triggered the arrest of two suspects in London on suspicion of fraud and money laundering. The fund, launched last year, promised high-yield returns through algorithmic trading of digital assets but halted redemptions in June amid liquidity issues. The NCA executed search warrants and froze assets linked to the scheme. Authorities allege the suspects misappropriated investor funds. This probe underscores rising regulatory scrutiny of crypto asset managers and warns traders of heightened compliance risks in the digital asset sector.

Tom Lee, chairman of Bitmine, warns that a market maker liquidity crisis triggered by a mid-October forced liquidation event is intensifying selling pressure across crypto markets. The crunch drained funds from key market makers, leading to reduced trading volume, wider bid-ask spreads, higher volatility and lower depth for large orders. Now in its sixth week, the crisis mirrors a similar 2022 event that took eight weeks to resolve. Recovery hinges on market makers rebuilding capital and confidence. Traders should monitor tightening spreads, rising volumes and the return of institutional activity as signals of improvement. During the crunch, using limit orders and avoiding large market orders can help mitigate costs and slippage. Overall, this market maker liquidity crisis reflects a temporary condition rather than a fundamental breakdown, and patience is essential as the market self-corrects.

Bitmine (BMNR) saw a fresh boost as Ark Invest acquired 380,244 shares on Nov. 21, 2025 through its ETFs. This latest purchase follows earlier buys of $15.6 million and $7.6 million in Bitmine stock, as well as $17.7 million in Circle, $16.9 million in Bullish and added Coinbase exposure. Ark’s steady accumulation underscores growing institutional demand for crypto mining and blockchain infrastructure stocks. Traders should monitor BMNR for price support and rising trading volume. Key catalysts include Bitcoin price trends, network difficulty shifts and energy costs. Institutional buying may spur further upside and shape both short-term trading opportunities and long-term value prospects.

Tom Lee, chairman of Ether treasury company BitMine and co-founder of Fundstrat, attributes the recent cryptocurrency downturn to a market maker liquidity crisis triggered by the October 10 crash that wiped out $20 billion in liquidations. He warns that balance sheet shortfalls have forced market makers to shrink trading operations and sell assets to free capital, perpetuating downward price pressure. Lee likens market makers to crypto central banks and predicts several more weeks of “unwinding” before liquidity recovers—drawing parallels to a similar eight-week adjustment in 2022. Bitcoin, which peaked near $121,000 pre-crash, now trades around $87,000, mirroring Ethereum’s weak performance. Traders should brace for continued volatility as the market maker liquidity crisis unfolds and assess risk around potential short-term dips before stabilization.

Ethereum is facing mounting governance and revenue challenges. With Vitalik Buterin’s authority dispersed across Layer-2 networks, protocol fee income remains limited. Critics warn Ethereum risks becoming an “IBM of blockchain,” offering free EVM licensing without a sustainable take-rate business model. Developer culture has skewed towards foundation-aligned projects, raising decentralization concerns. Wall Street firms leverage Ethereum’s mature technology to build permissioned chains, reinforcing its tool-like positioning. Meanwhile, Solana’s startup-style model—centralized execution, unified token economics, and an experimental developer community—gains traction. The contrast between Ethereum’s loose federated system and Solana’s efficient integration is driving innovation and accelerating the global asset-on-chain trend.

An institutional ETH whale has flipped bullish after heavy shorting and large-scale sales. Five days ago, the ETH whale sold 70,000 ETH at an average price of $3,188—netting about $223 million—and profited $24.48 million from short positions. Today, it deposited $153 million in USDT to Binance and withdrew 57,700 ETH (approximately $162 million) at an average buy-in price of $2,820. The whale now holds 432,000 ETH valued at $1.24 billion, with a cost basis near $3,332 and an unrealized loss of around $200 million. This move highlights a pronounced shift in market sentiment and may signal renewed bullish momentum in Ethereum trading. Crypto traders should monitor these large-scale ETH whale flows as they often indicate price floors and potential support levels in the market.

JPMorgan warns that MSCI’s planned Jan 15 review could drop MicroStrategy from key indices, forcing about $2.8 billion in mandatory ETF and mutual fund sales. If other index providers follow suit, passive outflows may swell to $8.8 billion, intensifying downward pressure on MicroStrategy shares and amplifying Bitcoin volatility. Analysts note recent underperformance reflects MSCI inclusion fears rather than weak crypto fundamentals. Traders should monitor MSCI rebalancing announcements for automated selling triggers and short-term trading opportunities.

On November 21, onchain data from OnchainLens showed that Ethereum trader Huang Lilin, known as ‘Buddy’, injected 115,000 USDC into his existing 25x ETH long position on HyperLiquid. The move boosted his leverage exposure and set a liquidation threshold at $2,818.30. During the entry, part of the leveraged ETH long faced partial liquidation as ETH price moved, triggering margin calls. Analysts say the trade illustrates disciplined margin management and shows how high-leverage trading on HyperLiquid can affect platform liquidity. The event also highlights key challenges in leverage trading and risk controls for aggressive ETH long bets. Market watchers will track ETH price action near the $2,818 support level and monitor fresh USDC funding flows to sustain aggressive ETH long positions. The report underscores broader themes in crypto funding, leverage trading and risk management.

Hyperliquid has launched its HIP-3 Growth Mode on November 19, enabling permissionless deployment of new perpetual swap markets by builders staking 500,000 HYPE. The upgrade slashes taker fees by over 90%, from 0.045% to as low as 0.00144% for top-tier volumes, and to 0.0045–0.009% on standard tiers, with matched rebate cuts. Growth Mode is opt-in per asset, excludes Bitcoin and existing markets, and allows validators to disable non-compliant markets. Since March, daily user counts and open interest have climbed despite October volatility. Traders gain tighter spreads, deeper liquidity, and wider market choice. Analysts expect higher demand for HYPE as volumes grow. The HIP-3 upgrade underscores Hyperliquid’s low-fee perpetual swap derivatives strategy.

Google has introduced an opt-in Gmail setting that allows its Gemini AI chatbot to access and analyze users’ email inboxes for personalized assistance and insights. The move has sparked backlash from privacy advocates and users concerned about data security and lack of transparency. Critics warn that even opt-in features can expose sensitive information and invite regulatory scrutiny. Google insists data is processed on-device or encrypted in transit and that users remain in control. The controversy highlights the tension between AI innovation and user privacy, with potential implications for trust in Google’s services and future privacy regulations.

On Nov. 21, the Sign team unveiled SIGN Stack, a sovereign BNB Chain Layer2 solution built on BNB Chain and opBNB. Designed for national-scale deployment of digital infrastructure and compliant stablecoins, this BNB Chain Layer2 architecture offers customizable sequencer permissions, a decentralized identity (DID) system, gas-free stablecoin transfers, and real-world asset (RWA) on-chain functionality. By integrating these features, Sign aims to position BNB Chain as the settlement layer for global sovereign blockchain infrastructures. This development could attract government entities to launch national digital currencies, tokenize state assets on-chain, and leverage BNB Chain’s high throughput and low fees. SIGN Stack’s compliance-focused architecture and RWA support mark a significant step in blockchain adoption by sovereign states, potentially boosting on-chain activity and BNB ecosystem growth.