Core Insights - Bitcoin is experiencing a significant price drop, struggling to maintain levels in the mid-$80,000s due to active selling and hesitant buying [1][2] - The current decline is part of a broader narrative involving post-halving volatility, increased regulatory scrutiny, and the influence of Wall Street [1][2] Market Dynamics - Bitcoin is in a "digestion phase" following strong ETF-driven inflows in 2024, leading to a price increase that outpaced long-term demand [2] - Historical patterns indicate that after each Bitcoin halving, price fluctuations become more pronounced before the next sustained movement, akin to a crowded escalator stopping suddenly [3] Support Levels - Previous support zones for Bitcoin are identified between $72,000 and $78,000, which are critical as they represent areas where buyers have previously entered the market [4] - Analysts are predicting potential bearish scenarios, with some suggesting a drop to $69,000 if Bitcoin falls below the established support range [4] Derivatives Impact - The derivatives market, including Bitcoin and Ether futures and options, has seen notional volumes exceeding $3 billion per day, indicating that short-term trading significantly amplifies price movements [5] Institutional Influence - The introduction of spot Bitcoin ETFs by firms like BlackRock, Fidelity, and Grayscale has transformed market dynamics, making Bitcoin purchases resemble stock transactions and attracting both institutional investment and panic selling during downturns [6] - Regulatory pressures are increasing, with 93% of central banks developing digital currencies, which contributes to Bitcoin's sensitivity to policy changes [6] Market Reactions - Unlike Ethereum's supply unlock events, Bitcoin's price is influenced by ETF flows, where inflows can drive prices up while outflows can lead to rapid declines [7]

South Korea has upended nearly a decade of crypto policy by allowing listed companies and professional investors to place part of their balance sheets into digital assets. The shift stands in contrast to tightening rules in Japan and Hong Kong. Asia no longer appears aligned on crypto regulation, and the divergence is becoming clearer. For the first time since 2017, South Korea’s Financial Services Commission (FSC) has finalized South Korea crypto rules that allow public firms and licensed investors to a ...

Core Insights - The article provides an overview of major cryptocurrencies, specifically Bitcoin, Ether, and XRP, highlighting their foundational differences and market performance trends [1][2][4][5]. Bitcoin - Bitcoin is recognized as the first cryptocurrency and has evolved into a mainstream financial asset since its inception in 2009 [2]. - As of the end of 2025, Bitcoin's closing price decreased by just over 6%, but it has seen a year-to-date increase of approximately 7% in the first week of the new year, remaining about 25% below its record close from October 2025 [3]. Ether - Ether operates on the Ethereum blockchain and was launched in July 2015, currently holding the second largest market share among cryptocurrencies [4]. - Ether's closing price at the end of 2025 was just below $3,000, reflecting an annual loss of 11%. However, it has risen about 11% year-to-date in the first week of the new year, sitting approximately 32% below its record close from August 2025 [4]. XRP - XRP, launched in 2012 and owned by Ripple, was once among the larger cryptocurrencies but has since faced increased competition from newer coins [5]. Comparative Analysis - An index has been created to compare Bitcoin, Ether, and XRP, utilizing a logarithmic scale to illustrate relative percentage changes and long-term growth rather than absolute price fluctuations. Currently, Bitcoin leads in price changes since November 9, 2017 [8]. ETF Developments - On January 10, 2024, the SEC approved several spot Bitcoin ETFs from various issuers, including Grayscale Bitcoin Trust ETF and Fidelity Wise Origin Bitcoin Fund, marking a significant development in the Bitcoin investment landscape [9]. - On July 23, 2024, multiple spot Ether ETFs were launched, including Grayscale Ethereum Trust and Franklin Ethereum ETF, providing new investment opportunities in Ether [10].

The 12 U.S. spot Bitcoin ETFs saw nearly $1B in net outflows in the latest session—the second-largest daily outflow since launch—leaving the cohort on track for its worst week since February. Over the past month, cumulative outflows total about $4B while BTC has retreated ~30%. Citi Research estimates each $1B of ETF outflows corresponds to ~3.4% downside in spot and sets an $82K year-end bear-case target. BTC is $84,189.4 on OKX, down 1.94% over 24h. https://t.co/V4WEWsNplP ...

Market Trends - US spot Bitcoin ETFs are experiencing their worst month ever, with $379 billion in withdrawals so far in November [1] - November withdrawals have surpassed February's previous record of $356 billion [1]

Core Insights - The article provides an update on major cryptocurrencies, focusing on Bitcoin, Ether, and XRP, highlighting their market performance and foundational differences [1] Bitcoin - Bitcoin is the first cryptocurrency, launched in early 2009, and has become a mainstream financial asset despite its volatility [2] - Bitcoin's closing price has dropped to its lowest level since April, down approximately 2% year-to-date and about 25% below its record close from October 2025 [3] Ether - Ether, launched in July 2015 on the Ethereum blockchain, holds the second largest market share among cryptocurrencies [4] - Ether's closing price fell over 15% this week, reaching its lowest level in four months, with a year-to-date increase of around 7% and approximately 35% below its record close from August 2025 [4] XRP - XRP, owned by Ripple and launched in 2012, was once among the larger cryptocurrencies but has since been surpassed by newer coins [5] Comparative Analysis - An index has been created to compare Bitcoin, Ether, and XRP, using a logarithmic scale to illustrate relative percentage changes and long-term growth since November 9, 2017, with Bitcoin currently leading [6] ETF Developments - On January 10, 2024, the SEC approved several spot Bitcoin ETFs from various issuers, including Grayscale Bitcoin Trust ETF and Fidelity Wise Origin Bitcoin Fund [7] - On July 23, 2024, multiple spot Ether ETFs were launched, including Grayscale Ethereum Trust and Franklin Ethereum ETF [8]

Core Insights - Institutional demand for regulated crypto investment products remains strong despite overall market volatility, with crypto ETP assets only dipping by 2.5% in October compared to a 5.5% decline in the overall crypto market value [1][3][10] Institutional Interest - Bitcoin ETPs now account for approximately 7% of total Bitcoin supply, driven by significant institutional interest following the approval of spot Bitcoin ETFs in the U.S. in early 2024, which opened access to larger capital bases [2][5][6] - The demand for Bitcoin ETPs is bolstered by digital asset treasury plays and unlisted funds, indicating a robust appetite from traditional finance and institutional investors [6][10] Ethereum Growth - Ethereum ETP assets have experienced nearly 90% growth this year, as investors diversify their portfolios following gains in Bitcoin [3][7] - The increasing demand for Ethereum is attributed to its status as the second most capitalized asset and its strong trading volume, making it a preferred choice among traditional finance investors [8][9] Market Trends - There is a noticeable shift from altcoin-specific products to basket ETPs that include Bitcoin and Ethereum, driven by geopolitical and macroeconomic uncertainties, leading to a "flight to quality" among investors [3][10][12] - Altcoin ETPs are seeing a decline in demand, while basket products are gaining traction due to their perceived safety in the current market environment [10][12] Future Outlook - The uncertainty surrounding macroeconomic and geopolitical conditions is expected to continue influencing investor behavior, with a cautious approach being adopted towards riskier assets [10][11][13] - Predictions for 2026 remain uncertain, particularly due to potential geopolitical tensions and economic policies from the U.S. [13]

U.S. spot bitcoin ETFs see largest daily outflow since August as BTC price hovers around $100,000 https://t.co/xgZlBhjEuh ...

Market Sentiment & Whale Activity - Original Bitcoin whales are selling off their holdings, leading to negative market sentiment [1] - Despite the whale sell-off, 995 per 1,000 (99.5%) of funds in spot Bitcoin ETFs have not sold during the 20% drawdown [1] - The current market behavior represents a complete reversal of pre-2024 norms, indicating a fundamentally different market [1] Price Target & Valuation - JPMorgan predicts Bitcoin could reach $170 thousand in the next 6-12 months [1] - JPMorgan believes the deleveraging of perpetual futures is complete [1] - Bitcoin is currently undervalued compared to gold historically, suggesting significant upside potential in the next 6-12 months [1]

Core Insights - BitMine Immersion Technologies has added 27,316 ETH, valued at approximately $113 million, to its corporate treasury this week, increasing its total Ethereum holdings to over 3.3 million ETH, worth around $13.2 billion, making it the largest corporate holder of Ethereum [1][4][9] Company Overview - BitMine's total Ethereum holdings have surpassed 3.3 million ETH, solidifying its position as the largest Ethereum-holding corporation and the second-largest crypto treasury overall, following Michael Saylor's Strategy [4][9] - The firm is led by Tom Lee, co-founder of Fundstrat, who has expressed an ambitious goal of accumulating 5% of Ethereum's total supply, positioning BitMine as a long-term supporter of the blockchain ecosystem [5] Institutional Support - BitMine has garnered support from notable institutional investors, including Ark Invest's Cathie Wood, Bill Miller III, Digital Currency Group, Founders Fund, Galaxy Digital, Kraken, and Pantera Capital [5] Market Perspective - Tom Lee has emphasized Ethereum's potential as a "truly neutral chain" likely to gain favor among Wall Street institutions and U.S. policymakers [6] - Despite the optimism surrounding Bitcoin's price stability due to spot Bitcoin ETFs and increased institutional participation, Lee has cautioned that Bitcoin remains susceptible to significant market fluctuations [7]