Ark Invest bought $38.7 million worth of shares in crypto companies on Thursday as the broader cryptocurrency market extended its losses. The purchases echo Wednesday's activity, when it bought a combined $39.6 million of Bullish (BLSH), Bitmine Immersion Technologies (BMNR) and Circle Internet (CRCL). The St. Petersburg, Florida-based investment manager purchased 42,419 shares in Coinbase (COIN), worth $10.1 million based on Thursday's closing price of $238.16, 7.44% lower on the day. The CoinDesk 20 I ...

Core Insights - Bitcoin is experiencing its worst monthly performance since 2022, with venture capitalists indicating that the downturn is just beginning [1][2] - Bitcoin's value has decreased by approximately 23% in November, marking the largest monthly decline since June 2022, and has plummeted over 30% from its record high in early October [2][3] - The market is facing significant selling pressure, with institutional investors showing reluctance to buy the dip amid poor sentiment [6][7] Market Performance - Bitcoin's price fell as much as 6.4% to $81,629 on a recent Friday, contributing to a total decline of about 23% for the month of November [2] - The cryptocurrency market has lost roughly $1.5 trillion in combined market value due to a significant liquidation event on October 10, which wiped out $19 billion in leveraged token bets [7] Investor Sentiment - Prominent investors like Chris Burniske and QwQiao predict further declines, with Burniske suggesting that the current selling phase has just begun and QwQiao forecasting a potential 50% drop before a market recovery [1][4] - Veteran trader Peter Brandt offers a contrarian view, suggesting that the current market conditions could ultimately benefit Bitcoin in the long term, predicting a rise to $200,000 by Q3 2029 [5] Institutional Activity - A group of 12 US-listed Bitcoin exchange-traded funds experienced $903 million in net outflows, marking their second-largest single-day redemption since January 2024 [6] - Open interest in perpetual futures has decreased by 35% from its October peak of $94 billion, indicating a retreat from institutional investors [6]

Core Viewpoint - Bitcoin is increasingly viewed as a store of value due to its fixed supply of 21 million tokens, making it a potential hedge against inflation and suggesting that demand for Bitcoin may rise in the future [1] Regulatory Environment - The SEC's rescission of Staff Accounting Bulletin (SAB) 121 is expected to promote digital asset adoption among institutional investors [2] - The establishment of a federal regulatory framework for stablecoins under the Genius Act is seen as a positive development for the cryptocurrency industry [3] - An executive order signed by Trump created a strategic Bitcoin reserve, increasing the likelihood of government purchases of Bitcoin and other cryptocurrencies [4] Market Predictions - Geoffrey Kendrick from Standard Chartered predicts Bitcoin could reach $500,000 by 2028, representing a 455% upside from its current price of $90,000 [6][7] - XRP is expected to reach $12.50 by 2028, implying a 465% upside from its current price of $2.20 [5][11] Institutional Adoption - The number of large fund managers owning positions in the iShares Bitcoin Trust increased by 150% over the past year, with shares owned by these institutions rising by 153% [9] - More companies are integrating Bitcoin into their treasury strategies, with the quantity of Bitcoin held by public and private companies more than doubling in the past year [10] Investment Opportunities - Spot Bitcoin ETFs have made it easier for investors to add Bitcoin to their portfolios, removing the hassle and high fees associated with cryptocurrency exchanges [8] - The recent launch of the first spot XRP ETF is viewed as a significant catalyst for XRP's demand [14]

Market Overview - Bitcoin is experiencing a weaker market structure with diminished demand and defensive positioning, leading to a slip in prices [1] - The core demand wave for Bitcoin has passed, with ETF accumulation slowing and Treasury-company buying evaporating, indicating limited upside potential [2] - Polymarket traders are predicting a move towards $85,000 for Bitcoin, with minimal expectations for upward movement [3] Investor Sentiment - Short-term holders are realizing losses at the fastest rate since the FTX period, with negative ETF flows and a risk-off sentiment in derivatives markets [3] - The Active Investor cost basis is near $88,600, which is a critical test for the market; a sustained move below this level could indicate bearish momentum [4] Support Levels - The next support level for Bitcoin is around $82,000, which could signal a transition to a bear market structure similar to 2022 and 2023 if breached [4] - The coming weeks will determine if buyers can regain control or if the downturn will become more entrenched [5] Current Market Prices - Bitcoin is trading around $92,000 after briefly dipping below $90,000, while Ether is at approximately $3,038, reflecting a defensive tone in the market [6] - Gold is trading near $4,067, indicating risk aversion across markets [6] Regional Market Movements - The Nikkei 225 rose by 3.7% due to strong earnings from Nvidia, boosting chip stocks in the Asia-Pacific markets [7]

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 - Dogecoin was created in 2013 by Billy Markus and Jackson Palmer as a joke, inspired by the "Doge" meme, but it reached a market capitalization of $90 billion in 2021 before experiencing significant volatility [1][2] - The cryptocurrency has struggled to establish a practical use case, with only 2,126 businesses accepting it for real-world payments, limiting its long-term value [6][5] - Speculative investments have driven Dogecoin's price fluctuations, with notable influence from Elon Musk, but the lack of a concrete development plan has led to substantial losses in value [7][8] Market Performance - Dogecoin's market cap peaked at $90 billion in 2021 but saw a drastic decline, losing over 90% of its value by mid-2022 [2][9] - The token experienced a 252% increase in 2024, outperforming other major cryptocurrencies, but has since dropped by 52% in 2025 [2][3] Challenges and Opportunities - The cryptocurrency faces a structural supply issue and lacks a sustainable use case, raising questions about its future potential [3][5] - Despite its status as a meme token, Dogecoin's inability to build sustainable momentum may indicate further losses ahead [9]

Key Points Almost 40,000 WARN notices were reported in October. These notifications are required in the event of mass layoffs or plant closures. The unusually high number could mean the Federal Reserve opts for additional interest rate cutting. 10 stocks we like better than Ethereum › Ethereum (CRYPTO: ETH) is rising, up 3.4% in the last 24 hours as of 6:10 p.m. on Tuesday. The move comes as the S&P 500 and the Nasdaq Composite gained 0.9% and 1.3%, respectively. Crypto traders got some relief to ...

Core Insights - XRP and Dogecoin are both top 10 cryptocurrencies, but they serve very different purposes. XRP is designed for business and international money transfers, while Dogecoin was created as a joke to mock cryptocurrency speculation [1][2]. Investment Outlook - The long-term outlook favors XRP due to its real-world utility in cross-border payments, where it acts as a bridge currency on Ripple's blockchain payments network. This feature allows financial institutions to convert payments to XRP and then to the recipient's currency, enhancing efficiency [4][5]. - XRP has a significant market cap of $135 billion, which is over five times larger than Dogecoin's $24 billion. This means that it would require a larger influx of capital to increase XRP's price compared to Dogecoin [6]. Utility and Speculation - XRP's real-world use case provides it with a substantial advantage over Dogecoin, which lacks a unique source of value and relies heavily on speculation and hype for its price movements [5][8]. - Despite its advantages, XRP faces centralization concerns, as Ripple has influence over validator selection and holds a significant amount of XRP tokens in escrow, which could impact its decentralization perception [7]. Summary of Dogecoin - Dogecoin, while lacking a serious use case, has gained popularity as a meme coin and can still be used for payments like other cryptocurrencies. Its lower market cap may allow for more significant price movements with less capital [6][8].

Market Overview - Bitcoin fell to a six-month low of $91,545, breaching key support levels, while Ethereum dropped below $3,000, indicating widespread market weakness [1] - Bitcoin lost 3.21% on November 17, down 27% from its October all-time high, and Ethereum fell 4.22% to $2,978, with major altcoins like Solana, XRP, and Cardano experiencing significant declines [2] - The S&P 500 and Nasdaq also saw declines, with the S&P 500 dropping 61.70 points to 6,672.41 and the Nasdaq falling 192.51 points to 22,708.07, both closing below their 50-day moving averages [3] Technical Analysis - A significant technical event occurred as Bitcoin filled the last large CME futures gap near $92,000, which had been open since April 2025, typically indicating a removal of technical overhang [5] - Despite the closure of the CME gap, weak demand may lead to further declines, and the overall technical picture remains fragile [6] - Traders are at a crossroads, with the gap closure reducing immediate risk but ongoing weak price action suggesting potential for further downward movement [7] Economic Indicators - Broader economic signals contributed to market stress, with the Empire State Manufacturing Index rising to 18.7, an increase of 8 points from the previous month, which reduced the likelihood of a Federal Reserve rate cut in December [8] - Market probabilities shifted, with Polymarket indicating a 55% chance of no rate cut and CME Group data suggesting a 60% chance of unchanged policy [9] - Research firm 10X Research noted that new buyer activity stalled around October 10, with the Fed's hawkish signals adding pressure and warning of vulnerability to further liquidations [9]

Market Overview - Bitcoin and major cryptocurrencies are experiencing losses amid a broader downturn in risk-on assets, driven by macroeconomic uncertainties, including concerns about U.S. interest rates and tech firms' spending on AI initiatives [1][3] - Bitcoin is trading at approximately $92,200, down 2.3% in the last 24 hours, marking its lowest level since late April [1] - Over the past two weeks, Bitcoin has dropped more than 14%, erasing all gains made in 2025 [2] Market Sentiment - The current drawdown in digital assets reflects a risk-off rotation influenced by macro headwinds, including a recalibration of liquidity expectations and reduced probability of a December interest rate cut [3] - Concerns about U.S. trade wars, missing figures from jobs and inflation reports, and a slumping economy have negatively impacted market sentiment [3] Company Impact - Major companies like Google and Microsoft are committing to AI projects, which may affect their balance sheets in the near term [4] - The technology-focused Nasdaq and S&P 500 indices closed down by about 1%, continuing their recent declines [5] - Crypto-focused stocks, such as Coinbase, saw significant declines, with Coinbase tumbling over 7% [5] Market Activity - Investors liquidated over $900 million in positions in the past 24 hours, including more than $550 million in long positions [5] - Selling pressure from whales and miners has contributed to the price drop, particularly after key price levels were breached, leading to liquidations in derivative markets [6]