Bitcoin plunged 7% overnight, wiping out last week’s gains, as news from Japan triggered massive liquidations. The market now awaits a key speech by Fed Chair Jerome Powell.
Test your knowledge of the biggest crypto events in November, from a major Bitcoin price crash and XRP’s historic Wall Street debut to a U.S. government shutdown and key developments in the Netherlands.
This week’s most-read articles on our platform focused on in-depth analysis rather than hype, covering the impact of U.S. bond yields on Bitcoin, the surge in XRP and DOGE ahead of new ETF launches, and record inflows into crypto exchanges.
Strategy CEO Phong Le states the company would only sell its Bitcoin holdings in extreme scenarios, such as a market value collapse and financing freeze, emphasizing it’s a last-resort measure, not a strategy shift.
The crypto market is calm with Bitcoin holding steady around $91,400. While the market cap is slightly up, altcoins show more volatility, with Quant leading gains and KuCoin’s token seeing significant losses.
Bitcoin faces potential downward pressure as significant inflows to exchanges suggest traders may be preparing to sell, despite recent price stabilization and improving market sentiment.
The crypto market is emerging from extreme fear, with multiple indicators suggesting Bitcoin could be poised for a relief rally and potentially new all-time highs. Technical and sentiment analysis point to bullish momentum.
Following a significant market crash, analysts suggest Bitcoin’s market structure is improving. Mid-sized investors are accumulating BTC while risky leverage positions are being flushed out, potentially setting the stage for a healthier market.
A cooling U.S. labor market is creating downward pressure on Bitcoin’s price as investors become more risk-averse. While weak jobs data can initially hurt crypto, it also raises expectations for Federal Reserve rate cuts, which could benefit the market later.