Bitcoin is exhibiting clear short-term weakness as it trades around $69,000, marking a 3.6% decline over the past 24 hours. The break below the $71,000 level, catalyzed by instability in the tech sector following the sudden resignation of Nvidiaās CEO and a higher-than-expected US inflation print, suggests a shift toward a defensive market regime. Current price action indicates that the market is prioritizing immediate macro headwinds and liquidity concerns over long-term fundamental developments. From a portfolio perspective, the confluence of record ETF outflowsānotably over $2 billion from BlackRockās IBITāand a $14.2 billion drop in stablecoin supply signals a significant reduction in market liquidity. Medium-term risks are compounding following US midterm election results, which suggest an impending wave of congressional oversight and a potential regulatory pivot away from recent pro-crypto momentum. Investors should closely monitor how these political shifts and the resulting institutional caution, evidenced by firms like Nomura reviewing their crypto units, will impact capital positioning in the coming weeks. - Negative spillover from the tech sector following the sudden departure of Nvidiaās CEO. - Significant liquidity drain confirmed by sustained ETF outflows and a record drop in stablecoin supply. - Heightened medium-term regulatory risk following a shift in the US political landscape.
Bitcoin fell to its lowest level in three months, pressuring crypto-linked stocks in the U.S. market. Bitcoin mining shares led the declines.Walter Bloomberg said on November 13 that Bitcoin had touched a three-month low. Shares of Bitcoin miner Hut 8 fell 6.0%, while Riot Platforms and MARA Holdingā¦
Stellar (XLM), the blockchain co-founded by Jed McCaleb, has become the leader in daily market cap growth for tokenized real-world asset (RWA) funds, according to Token Terminal data published by the RWA Foundation. Over the 24 hours to Nov. 13, the market cap of tokenized funds on Stellar went up bā¦
MEGA, the development team behind Ethereum layer-2 network MegaETH, has cut 20% of its workforce as part of a business restructuring.The Block reported on Nov. 13 that the MegaETH development team carried out the layoffs as it shifts to a new business direction.The cuts affected 20% of the total worā¦
Ripple has continued to post substantial growth in the stablecoin ecosystem, outpacing major stablecoin issuers as its native stablecoin RLUSD is also seeing a corresponding increase in its market capitalization.Per the latest data from CoinMarketCap, RLUSD has surged to over $2.69 billion in marketā¦
Bitcoin investor Simon Dixon says he will sell his entire BTC holdings for gold if the cryptocurrency loses three fundamental properties.Speaking in a Bitcoin Magazine interview, the "Bank to the Future" CEO and co-founder pointed to Bitcoinās unique strengths:Self-custody: Individuals must retain tā¦
Coinbase CEO Brian Armstrong has shared in a post on X the comments he planned to make on CNBC after the TV channel cut his segment short to cover the news about Jensen Huang's resignation from Nvidia.Armstrong says security is the top topic for clientsAccording to Armstrong, security is currently tā¦
suffered a broad-based exodus in the five trading days ended Nov. 10, with all six tracked asset groups recording net outflows totaling $1.48 billion, raising fresh questions about investor confidence amid a sharp cryptocurrency market downturn.Bitcoin ETFs bore the brunt, losing $1.06 billion durinā¦
Bitcoin plunged toward $68,000 Friday, breaking its as Bloomberg ETF analyst Eric Balchunas argued that relatively modest institutional outflows suggest investors are holding firm despite the selloff.Speaking with crypto commentator Scott Melker, Balchunas noted that Bitcoin ETFsā $1.4 billion year-ā¦
Shiba Inuās burn rate fell 37.87% over the past 24 hours, raising the risk of another leg down as weaker token-burning activity coincides with broader crypto weakness.SHIBās Burn Rate Drops 38% in a Single DayRoughly 1.61 million SHIB burned within 24 hours across four transfers, pushing total burnsā¦
MEGA, formerly known as MegaETH, has cut 20% of its workforce as part of a restructuring aimed at shifting the company in a new direction, according to an X post from co-founder Shuyao Kong.The cuts affect employees who helped build the Ethereum Layer 2 MegaETH blockchain, wallet, and ecosystem, whiā¦
DUBAI, United Arab Emirates, November 13th, 2026, ChainwireMore than 1,500 squads have formed, and traders can still join a squad until November 19Bybit, the New Financial Platform trusted by more than 80 million users worldwide, today kicked off the main competition of the World Series of Trading (ā¦
Billy Markus, who goes by Shibetoshi Nakamoto on X, responded to an unusual question about his identity, saying, "I am a Shiba Inu."The markets were shocked by the news that Nvidia CEO Jensen Huang was stepping down as CEO of the chipmaker he co-founded 33 years ago and built into a $4 trillion compā¦