Market Signal Briefing

Dogecoin started a fresh decline below the $0.1550 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1560.

DOGE price started a fresh decline below the $0.150 level.
The price is trading below the $0.150 level and the 100-hourly simple moving average.
There is a bearish trend line forming with resistance at $0.1550 on the hourly chart of the DOGE/USD pair (data source from Kraken).
The price could extend losses if it stays below $0.1550 and $0.1620.

Dogecoin Price Dips Further
Dogecoin price started a fresh decline after it closed below $0.1620, like Bitcoin and Ethereum. DOGE declined below the $0.160 and $0.1550 support levels.

The price even traded below $0.150. A low was formed near $0.1448, and the price is now showing bearish signs below the 23.6% Fib retracement level of the downward move from the $0.1593 swing high to the $0.1448 low. There is also a bearish trend line forming with resistance at $0.1550 on the hourly chart of the DOGE/USD pair.

Dogecoin price is now trading below the $0.1550 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.1520 level. The first major resistance for the bulls could be near the $0.1550 level, the trend line, and the 76.4% Fib retracement level of the downward move from the $0.1593 swing high to the $0.1448 low.

Source: DOGEUSD on TradingView.com
The next major resistance is near the $0.1620 level. A close above the $0.1620 resistance might send the price toward the $0.170 resistance. Any more gains might send the price toward the $0.1740 level. The next major stop for the bulls might be $0.1880.

More Losses In DOGE?
If DOGE’s price fails to climb above the $0.1550 level, it could continue to move down. Initial support on the downside is near the $0.1450 level. The next major support is near the $0.1320 level.

The main support sits at $0.1250. If there is a downside break below the $0.1250 support, the price could decline further. In the stated case, the price might slide toward the $0.120 level or even $0.1120 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level.

Major Support Levels – $0.1450 and $0.1380.

Major Resistance Levels – $0.1550 and $0.1620.

Bitcoin slid 7% to $85,000 as Asia opened lower, with traders dumping risk assets after mixed US jobs data and rising macro anxiety.

Joerg Hiller
Nov 21, 2025 04:24

Record Financial leverages Avalanche blockchain to streamline royalty payments, offering artists real-time transactions and transparency, transforming legacy music industry infrastructure.

Record Financial, in collaboration with 11am, is pioneering a transformation in the music industry by integrating real-time royalty payment infrastructure using Avalanche's blockchain technology. This innovative approach aims to address the long-standing inefficiencies in the music industry's financial ecosystem, according to Avax.network.

A System Overdue for Change
Traditionally, royalty payments in the music industry have been plagued by delays and a lack of transparency, often taking months to reach the artists and rights holders due to the involvement of multiple intermediaries. This outdated system has been a significant source of frustration for many artists. Record Financial seeks to overhaul this by utilizing Avalanche's blockchain, which allows for immediate and transparent payments using stablecoins like USDC.

The platform aggregates and standardizes royalty data, employing Avalanche's high-performance capabilities to facilitate instant payouts. This ensures that all stakeholders, from artists to managers, have access to real-time, verifiable financial data.

Why Avalanche?
Avalanche's robust blockchain infrastructure is pivotal to Record Financial's operations, offering the necessary performance and reliability for handling high-volume transactions globally. The integration of stablecoin rails, particularly USDC, provides artists with flexibility in managing their earnings, whether holding them in digital wallets, converting them to local currencies, or reinvesting in their careers.

Morgan Krupetsky, VP of Onchain Finance at Ava Labs, highlighted the transformative potential of blockchain in legacy industries, noting that the music royalties market exceeds $40 billion annually. By bringing this infrastructure onchain, Avalanche and Record Financial are setting a new standard for efficiency and fairness in financial transactions within the creative sector.

The Future of Creative Finance
Record Financial's model is not limited to music alone. The framework could be applied to other creative industries like film and digital media, where complex ownership and slow manual processes are prevalent. By replacing these intermediaries with blockchain-based systems, Record Financial is paving the way for enhanced financial transparency and alignment of incentives across the creative economy.

This partnership with Avalanche reflects a broader trend of enterprises adopting blockchain technology to develop stablecoin-based payment networks and sophisticated financial products. As industries worldwide look to modernize their financial infrastructure, platforms like Record Financial are at the forefront of this digital transformation.

Image source: Shutterstock

blockchain
music industry
avalanche
royalties

STRK continues to lead in market gains.

Bitcoin has been tumbling in recent weeks as investors have become increasingly concerned about high valuations in the stock market.

It's been a fairly volatile month for the crypto world, and that's evident with the recent decline in Bitcoin (BTC 7.04%). In the past month, the top digital currency has declined by around 24% (returns as of Nov. 20). It has reached levels it hasn't seen in months, and it's happening as investors are growing concerned about the markets as a whole.

With high valuations, uncertain economic conditions, and worries that tech stocks may be in a bubble, there's no shortage of possible reasons for this recent apprehension in the markets. Bitcoin has been hovering above the $90,000 mark, and the last time it fell below that was back in April. Currently, it's down around 30% from the all-time high of $126,198 that it reached in October.

Could this drop in value create a good opportunity for investors who may have missed out on the cryptocurrency's incredible gains to buy in at a reduced price?

Image source: Getty Images.

If you believe the hype, it could be a no-brainer buy
There's been plenty of excitement around Bitcoin this year as President Donald Trump has been in favor of setting up a Bitcoin reserve and enacting crypto-friendly policies to help facilitate its growth. More corporations are also open to holding Bitcoin. According to bitcointreasuries.net, there are now 12 companies that hold more than 11,000 Bitcoins, including Strategy, Tesla, and Trump Media & Technology Group.

One of the biggest Bitcoin bulls, Cathie Wood, who runs Ark Invest, believes that the price of Bitcoin may reach well over $1 million by 2030. Previously, her bull case was as high as $1.5 million, although she recently reduced that by $300,000 due to the growth of stablecoins and their potential to take some market share, particularly in emerging markets.

If you're a believer in the cryptocurrency's sky-high potential, then buying now could indeed be a no-brainer move.

Why there is reason for caution with Bitcoin
What I find particularly telling about Bitcoin's recent decline is that it comes at a time when there is growing concern about the economy, at least in the near term. There are also doubts about whether a December rate cut will happen, which investors were previously feeling confident about. Rate cuts are generally good news for growth stocks and speculative assets like Bitcoin. And the last time the cryptocurrency was struggling was back in April, when there were grave concerns about the economy due to the announcement of reciprocal tariffs.

Although many crypto bulls believe that Bitcoin is a type of "digital gold," I believe the evidence suggests that's not the case at all. Not only is it not a safe haven investment, but it acts more as a gauge of the appetite for speculation in the market.

When investors are willing to buy risky stocks and aren't worried about valuations or economic conditions, Bitcoin does well. And when the opposite is true, such as in 2022 when the markets crashed, Bitcoin experienced a massive 65% decline. It made the S&P 500 look like a safe haven investment -- the index fell just 19% that year. Similarly, since the start of November, Bitcoin has fallen 20%, while the S&P 500 is down by only 4%.

Today's Change

(

-7.04

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-6492.32

Current Price

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85758.00

Bitcoin remains a high-risk buy, suitable for high-risk investors
The drop in Bitcoin's value in recent weeks doesn't make the digital currency any less risky of an investment overall. Since it's a speculative asset, there's no metric to point to and prove that it's a good value buy or that it's now a safer investment. Instead, it's yet another way to add risk to your portfolio. If you're concerned about valuations or the stock market as a whole, buying Bitcoin isn't the solution.

This asset has shown in the past that when times are tough, it can crash at a much faster rate than the overall market. It's not a digital safe haven or a safe anything for that matter. It's full of risk and is only suitable for people with an extremely high risk tolerance.

Dogecoin (CRYPTO: DOGE) cheered the launch of a new exchange-traded fund on Wall Street on Thursday that aims to provide leveraged exposure to the popular meme coin.

Leveraged ETF For DOGEDogecoin’s official X handle reacted to the debut of the 21Shares 2x Long Dogecoin ETF on the Nasdaq stock exchange. An image showed a billboard displaying congratulatory messages from the exchange, with a stylized Shiba Inu dog at the bottom.

“Much congrats,” Dogecoin said.

The 21Shares 2x Long Dogecoin ETF, operating under the ticker TSSD, is designed to provide investors with twice the daily performance of Dogecoin, before fees and expenses.

“The ETF allows investors to gain leveraged exposure to Dogecoin through a regulated, exchange-traded structure that can be purchased directly through their bank or broker,” according to a press release from 21Shares.

See Also: Dogecoin (DOGE) Price Prediction 2025, 2026, 2030

Dogecoin investors were also expecting the launch of Grayscale’s ETF, which is designed to track the spot price of the leading memecoin.

DOGE Not Over The ‘Moon’Despite the anticipation, DOGE’s price tumbled on Thursday, weighed down by the market’s overall gloom.

The Moving Average Convergence Divergence indicator, which compares two exponential moving averages of an asset’s price, flashed a “Sell” signal for DOGE, according to TradingView.

The Relative Strength Index was approaching the oversold level, indicating that there was still time for a possible rebound.

Price Action: At the time of writing, DOGE was exchanging hands at $0.1469, down 6.72% in the last 24 hours, and over 10% in the last week, data from Benzinga Pro.

Photo Courtesy: alfernec on Shutterstock.com

Read Next: 

DOGE Vs. SHIB: Only One Meme Coin Looks Ready To Explode
Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

The crypto market is in deep red today, with more than $3 trillion wiped out from the global market cap. Bitcoin, Ethereum, and XRP are all facing heavy sell-offs, and one analyst who accurately warned about Bitcoin’s fall from $115K to $90K now says the next stop could be $60,000.

Bitcoin Falls Sharply as Market Cap Drops 6.2%Bitcoin is down 7.32% over the last 24 hours, trading at $85,566. Its market cap has slipped to $1.70 trillion, while trading volume has surged above $96 billion, showing intense panic selling.

Ethereum has dropped 7.54%, now at $2,799, and XRP has fallen 7%, trading at $1.97.

This deep correction is spreading across all major altcoins, with BNB down 5% and Solana down more than 7%.

The Analyst Who Called Bitcoin’s Fall From $125KA market analyst, DrProfit, is gaining attention again after accurately predicting Bitcoin’s fall from $125,000 to the current $85,000 range. Weeks before the correction began, he declared that the bull market had topped out and that $90,000 was his first major downside target. 

Now that Bitcoin has reached and broken below that level, he says traders are mistaken if they believe the crash is over.

Bitcoin Short-Term Price AnalysisOn the daily chart, Bitcoin has now entered oversold territory for the first time in nine months. Historically, this has led to short-term bounces, but not immediate reversals. The last time this happened, Bitcoin briefly recovered before making new lows in the weeks that followed.

As of now, $85,000 is a major support zone. A daily close below this level would put Bitcoin at risk of falling to the next major support between $75,000 and $77,000. If that zone breaks, the path toward the analyst’s $60,000 target could accelerate.

Short-term relief is possible as traders take profits on short positions. But unless Bitcoin reclaims the $92,000 to $94,000 resistance region, analysts believe selling pressure will dominate.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

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TLDR:

Table of Contents

TLDR:Refinancing Details and Issuance TermsPurpose, Capital Use and Share-Dilution ImpactsGet 3 Free Stock Ebooks

Metaplanet cancels 20th–22nd Series SARs and issues 23rd & 24th Series rights via third-party allotment.
New SARs have no discount on exercise price and adjust daily based on closing share price.
Estimated net funding from issuance and exercise: ~¥147.9 billion toward BTC strategy.
Maximum dilution from new rights limited to ~18.38% of shares if fully exercised.

Metaplanet Inc. (TSE Standard: 3350) confirmed that it will cancel its 20th-22nd Series Stock Acquisition Rights (SARs) and issue new 23rd and 24th Series rights effective December 8, 2025. The board approved the move on November 20, 2025. 

This strategic refinancing involves a third-party allotment to EVO FUND (Cayman Islands) and execution of a purchase agreement tied to the new SARs. The company states this scheme aims to optimize its capital structure and support its Bitcoin holdings strategy.

Refinancing Details and Issuance Terms
Metaplanet will acquire and cancel all remaining rights of the 20th Series (284,400 units at ¥114 each), the 21st Series (1,850,000 units at ¥99) and the 22nd Series (1,850,000 units at ¥89) as of December 8, 2025. 

Simultaneously, the company will issue a total of 2,100,000 new rights (1,050,000 in each of the 23rd and 24th Series) via third-party allotment to EVO FUND. The issue prices are ¥23 for the 23rd Series and ¥14 for the 24th Series, with potential issuance of 210,000,000 common shares (100 shares per right) upon full exercise. 

The initial exercise prices are set at ¥637 (23rd Series) and ¥777 (24th Series). Adjustments will occur daily from January 6, 2026 onward, reflecting the previous trading day’s closing price, but not below the respective lower limits. 

The scheme also includes a suspension clause: Metaplanet may request the allottee to suspend exercise of the rights during defined periods to control dilution. 

*Notice Regarding the Acquisition and Cancellation of the 20th–22nd Series Stock Acquisition Rights,
and the Issuance of the 23rd and 24th Series Stock Acquisition Rights (with Exercise Price Adjustment Provisions and Exercise Suspension Provisions) through Third-Party Allotment… pic.twitter.com/Mej0eAx5Rs

— Metaplanet Inc. (@Metaplanet) November 20, 2025

Purpose, Capital Use and Share-Dilution Impacts
Metaplanet notes the restructuring comes in the context of its revised “555 Million Plan”, aiming at holding over 210,000 BTC by end-2027. 

The company says the narrower series count (reducing from three to two) and the 100% closing-price exercise adjustment (without discount) should reduce potential impact on existing shareholders. 

The estimated net proceeds from the new rights issuance and exercise total roughly ¥147,924,850,000 (≈ USD 1.0 billion), after deduction of issuance costs. Based on the current issued share count (approx. 1,142 million shares as of Oct 31, 2025), full exercise would represent a dilution ratio of ≈ 18.38% on a shares basis. 

Metaplanet states that while dilution remains, the potential share count under the new rights (210 million shares) falls below the previous rights’ potential (398.44 million shares) and therefore improves the company’s long-term capital flexibility. 

The board asserts that the allottee has funded capacity to subscribe and exercise the new rights, and that transfer restrictions apply under the purchase agreement. 

By replacing the previous SARs rather than simply issuing additional rights, Metaplanet positions the transaction as both a cancellation and a new-issuance scheme. The company describes the combined move as a “Refinancing” aimed at both restructuring its funding base and advancing its Bitcoin acquisition goals.

Bitmine continues its Ethereum buying spree while chairman Tom Lee warns that crypto markets are still struggling with weak market maker liquidity.

Summary

Bitmine’s latest ETH purchase strengthens its push to build one of the largest corporate crypto treasuries.
The firm continues buying through OTC desks during market volatility, leaning on equity raises and staking rewards.
Tom Lee says the market slump is tied to damaged market maker balance sheets after the October liquidation shock.

Bitmine has purchased another 17,242 ETH, worth about $49 million, according to data shared by analytics firm Onchain Lens on Nov. 21.

The company now holds around 3.5 million Ethereum (ETH) valued at over $10 billion. Its steady buying has continued even as the crypto market experiences significant pressure.

Bitmine continues its aggressive ETH accumulation
Bitmine was originally a mining firm but has shifted into a digital asset treasury business. It plans to build a long-term Ethereum reserve and eventually hold approximately 5% of the asset’s circulating supply.

The company funds these purchases through equity raises, cash reserves, and staking rewards. Most buys are executed through large over-the-counter desks such as FalconX and BitGo.

The company has treated the recent price dips as buying opportunities. ETH has fallen sharply from early October highs above $4000 to levels below $3000 in mid-November. Despite this slump, Bitmine has continued to accumulate at scale and is now second only to Strategy in total crypto holdings.

Tom Lee says market makers are still repairing balance sheets
In a Nov. 20 interview with CNBC, Tom Lee, chairman of Bitmine and co-founder of Fundstrat, noted that the recent weakness across crypto is tied to strained liquidity among major market makers. He said the firms were hit hard by the Oct. 10 crash that wiped out roughly $20 billion in forced liquidations.

Lee said market makers are cutting activity because they “have a hole in their balance sheet” and need to free up capital. He added that some firms have been “shrinking their balance sheet further” to recover from last month’s selloff.

According to Lee, this has caused a slow and steady drag on prices as these firms unwind risk. He said the current period mirrors a similar event from 2022 that took about eight weeks to stabilise.

The market is now six weeks into the process and Lee believes it “may take a couple more weeks” before the pressure begins to fade. He noted that Bitcoin and Ethereum have been acting as early indicators of this liquidity squeeze and expects conditions to improve once market makers resume normal operations.

Bitmine has remained committed to its long-term Ethereum strategy. The company views the asset as a core part of decentralized finance, smart contracts, and tokenization. Its steady buying suggests strong conviction even as the market waits for liquidity to normalize.

Arizona joins a growing number of public funds seeking digital asset exposure through regulated equity investments rather than direct crypto holdings.

Key Takeaways

Arizona’s State Retirement System revealed approximately $24 million in Bitcoin exposure through its investment in Strategy shares.
Strategy acts as a regulated vehicle for institutions wanting Bitcoin exposure without direct crypto asset holding.

Arizona State Retirement System, which manages pension and benefit programs for public employees, disclosed about $24 million in Bitcoin exposure through its 76,238-share position in Strategy, according to a recent SEC filing.

With Strategy stock (MSTR) closing at $177 on Thursday, the position’s current value has declined to $13.5 million.

Strategy serves as a regulated vehicle for pension funds seeking Bitcoin exposure through equity investments, allowing institutional investors to gain cryptocurrency exposure without directly holding digital assets.

US state pension funds have turned to Strategy stock to gain regulated exposure to Bitcoin without direct crypto holdings. Many states have revealed investments in Strategy, reflecting a movement among public retirement systems toward cryptocurrency-linked equities.

Disclaimer

Bitcoin continues to show weakness as the price once again failed to recover above crucial resistance levels, keeping the market under pressure heading into the final stretch of November. After slipping below $92,000, BTC struggled to generate meaningful momentum, suggesting that bearish sentiment remains dominant in the short term.

The Dogecoin price is back under pressure after sliding to the crucial $0.15 support zone, a level many traders say could determine whether the world's biggest memecoin rebounds into December or sinks deeper before any recovery. Related Reading: Bitcoin To Suffer 40% Crash From All-Time High?

Key takeaways:

Volatility and uncertainty in the Big Tech industry, along with concerns about Fed policy, pressured risk assets, driving Bitcoin’s correlation with the Nasdaq to its highest level in months.

Crypto traders expect improved liquidity ahead as US fiscal pressures grow and Trump pushes a tariff-focused stimulus agenda.

The tech-heavy Nasdaq Index experienced a 4% intraday decline on Thursday despite strong earnings and forecasts from chipmaker Nvidia. Investors expressed concerns about surging spending in the artificial intelligence sector, and Bitcoin (BTC) followed suit, plunging below $86,000 for the first time since April.

Despite investors’ concerns about excessive valuations in the market, billionaire investor Ray Dalio said there is no clear trigger for an imminent market crash. Dalio told CNBC that “the picture is pretty clear, in that we are in that territory of a bubble,” and recommended investors diversify into scarce assets such as gold.

Dalio added that his biggest fear is higher wealth taxes rather than tighter monetary policy. However, contrary to Ray Dalio’s view, market sentiment shifted after the United States reported a stronger-than-expected jobs report for September, prompting traders to doubt that the US Federal Reserve would further ease its monetary policy.

Nonfarm payrolls rose by 119,000 in September, reversing the prior month’s decline. Most FOMC participants noted that “further policy rate reductions could add to the risk of higher inflation becoming entrenched,” according to minutes from the October meeting released on Wednesday. On Thursday, traders trimmed the odds of two interest-rate cuts by January 2026, reflecting renewed caution among equity and Bitcoin investors.

Fed target rate probabilities for Jan. 2026 FOMC. Source: CME FedWatch ToolBased on implied pricing in government bond markets, investors now assign a 20% chance that the FOMC will set interest rates at 3.50% on Jan. 28, down from 55% one month earlier. While the FOMC minutes show that many of the Fed’s policymakers do not favor an immediate rate cut, they offer little insight on how close October’s split decision actually was.

AI build-out costs overshadow strong earnings and Walmart surprisesEven with strong corporate earnings, including a positive surprise from Walmart, traders fear that the economy could weaken as AI developers, such as OpenAI, continue to spend heavily. Gil Luria, head of technology research at D.A. Davidson, told CNBC that “the concern is about companies raising a lot of debt to build data centers.”

Data center construction spending, seasonally adjusted (millions). Source: DistilledLuria said data centers are “inherently speculative investments that could face a reckoning two or three years from now,” adding that Nvidia’s earnings are not a “reliable gauge of whether AI economics are truly maturing.” The tech-heavy Nasdaq Index has now dropped 7.8% since its all-time high on Oct. 29, wiping out gains from the previous 10 weeks. Investors responded by stepping back from risk markets.

30-day correlation: Bitcoin/USD vs. Nasdaq CFD. Source: TradingView / CointelegraphAmid the heightened uncertainty, Bitcoin’s price movement continued to mirror trends in the tech sector. The correlation between the two asset classes climbed to a six-month high of 80%, suggesting investors are paying less attention to Bitcoin’s strengths in decentralization and predictable monetary policy.

Bitcoin traders are not necessarily bearish below $90,000 and are likely waiting for clearer entry points as broader macro conditions remain unstable. If Dalio is right, the panic sellers could end up regretting their exit, as liquidity conditions may improve while the US fiscal debt problem lingers and US President Donald Trump advances his “tariff dividend” proposal aimed at stimulating the economy.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Bitcoin price started another decline below $90,000. BTC is now showing bearish signs and might struggle to recover above $88,5000.

Bitcoin started a fresh decline below $92,000 and $90,000.
The price is trading below $90,000 and the 100 hourly Simple moving average.
There is a bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to move down if it settles below the $90,000 zone.

Bitcoin Price Dips Further
Bitcoin price failed to stay in a positive zone above the $90,000 level. BTC bears remained active below $88,800 and pushed the price lower.

The bears gained strength and were able to push the price below the $87,500 zone. A low was formed at $85,276, and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $92,872 swing high to the $85,276 low.

Bitcoin is now trading below $90,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $91,500 on the hourly chart of the BTC/USD pair.

If the bulls attempt another recovery wave, the price could face resistance near the $87,000 level. The first key resistance is near the $89,000 level and the 50% Fib retracement level of the recent decline from the $92,872 swing high to the $85,276 low.

Source: BTCUSD on TradingView.com
The next resistance could be $91,000 and the trend line. A close above the $91,000 resistance might send the price further higher. In the stated case, the price could rise and test the $92,500 resistance. Any more gains might send the price toward the $93,200 level. The next barrier for the bulls could be $94,500 and $95,000.

More Losses In BTC?
If Bitcoin fails to rise above the $90,000 resistance zone, it could start another decline. Immediate support is near the $85,500 level. The first major support is near the $85,000 level.

The next support is now near the $83,200 zone. Any more losses might send the price toward the $82,500 support in the near term. The main support sits at $80,000, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $85,500, followed by $85,000.

Major Resistance Levels – $87,000 and $89,000.

Shiba Inu has introduced a cryptocurrency debit card in collaboration with Bitget Wallet, according to an announcement from the project, marking an expansion of the token’s payment utility.

Summary

Coinbase has launched Ethereum-backed loans for eligible U.S. users (excluding New York).
The service allows borrowers to access up to $1 million in USDC without selling their ETH holdings.
The launch strengthens Coinbase’s DeFi integration, tapping into the growing crypto-native credit market.

The Shiba Inu-branded (SHIB) card offers zero-fee spending with no conversion fees, foreign exchange fees, or hidden spreads, according to the companies. Early adopters will receive Shiba Inu token rewards as part of the onboarding program.

The announcement generated social media attention but resulted in limited immediate price movement, according to market data. Shiba Inu continues to trade significantly below its all-time high price levels.

Shibarium, the project’s layer-2 blockchain launched in 2023, has experienced periodic activity spikes but has faced challenges in maintaining a consistent active user base, according to network data.

Technical chart analysis shows Shiba Inu currently retesting the lower support level of a multi-month descending channel pattern. Trading indicators suggest potential accumulation activity at current price levels, according to technical analysts monitoring the token.

The cryptocurrency meme coin sector has historically experienced capital rotation patterns, with market attention shifting between tokens including Dogecoin (DOGE), Shiba Inu, Floki (FLOKI), Bonk (BONK), Dogwifhat (WIF), and Neiro during previous market cycles.

Maxi Doge, another Dogecoin-themed token, has gained attention amid broader interest in dog-themed cryptocurrencies, coinciding with discussions around potential Dogecoin exchange-traded funds and the DOGE-1 lunar mission project.

Shiba Inu’s market performance and adoption metrics remain subject to broader cryptocurrency market conditions and user adoption of the new payment card functionality.

Grayscale's latest move unleashes powerful new access to Sui's fast-growing Layer 1 network, signaling a breakout moment for regulated crypto exposure as demand for high-speed blockchain infrastructure surges. Grayscale Sui Trust Expands Regulated Access Growing interest in blockchain infrastructure is creating new opportunities for regulated crypto exposure. Grayscale Investments announced on Nov.

FG Nexus has pivoted from its earlier plan to significantly expand its Ethereum treasury, choosing instead to liquidate part of its holdings to support a sizable stock buyback program. The move marks a notable shift for the company, which had previously positioned itself to become a major corporate holder of ETH.

According to a recent press release, FG Nexus sold 10,922 ETH, generating roughly $33 million based on current market prices. The firm also tapped an additional $10 million in borrowed capital, using the combined funds to repurchase 3.4 million shares. This buyback represents around 8% of the available public float, with the company paying an average of $3.45 per share—still below its reported net asset value of $3.94.

The change in direction comes just months after FG Nexus filed a massive $5 billion shelf registration with the SEC, signaling earlier ambitions to raise significant capital for Ethereum accumulation. With the latest sale, the company now holds approximately 40,005 ETH. The decision also arrives during a broad market downturn, as Ethereum’s price slipped below $3,000 and fell more than 6% intraday to around $2,840, according to TradingView data.

FG Nexus is not alone in reducing its exposure. ETHZilla recently revealed that it offloaded $40 million worth of ETH to fund its own stock repurchase initiative. Meanwhile, the largest Ethereum treasury company, Tom Lee’s BitMine, is facing roughly $3.7 billion in unrealized losses after ETH dropped far below its average purchase price of about $4,000 per coin. Despite the losses, BitMine continues to aggressively buy more ETH, acquiring more than 54,000 ETH last week and accumulating an additional 45,000 ETH from BitGo and Kraken-linked wallets this week.

Even amid market volatility, BitMine maintains confidence in Ethereum’s long-term trajectory, reinforcing its belief in a coming ETH “supercycle.”

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Zcash (ZEC) has gained strong traction in recent weeks as demand for privacy-focused cryptocurrencies increases across the digital asset market. One of the key factors boosting ZEC’s momentum is its unusually low — and currently negative — correlation with Bitcoin. With BTC hovering near $90,000 after a period of decline, Zcash’s ability to move independently has made it particularly attractive to traders seeking diversification.

Recent data shows ZEC’s correlation with Bitcoin sitting at -0.78, signaling a sharp inverse relationship. This means ZEC tends to rise when BTC falls, offering a strategic advantage during broader market uncertainty. This negative correlation has held since early November, underscoring Zcash’s resilience and reducing the likelihood of the asset being pulled down by Bitcoin-driven sell-offs.

Market conditions also appear supportive. Zcash’s liquidation heatmap highlights a significant cluster around the $788 mark. Should ZEC reach this level, about $51 million in short positions could be liquidated, creating a scenario that may discourage bearish traders and potentially accelerate upward price movement. Large liquidation zones often act as fuel for rapid rallies, especially when short sellers are forced to cover positions.

At the moment, ZEC is trading around $671, just beneath the key $700 resistance level. The coin has already climbed more than 65% since the start of the month, reflecting strong market confidence and increased activity from both institutional and retail participants. If current momentum continues, ZEC could realistically target the $1,000 mark, provided it flips the $700, $800, and $900 levels into solid support over the coming days.

However, Zcash still faces risks. If selling pressure strengthens, the price could drop back toward $600, with a deeper correction potentially dragging it to $520 — a move that would weaken the current bullish narrative and increase the likelihood of a sharper downturn.

This combination of strong price action, unique market behavior, and rising interest in privacy technologies positions Zcash as one of the more compelling altcoins to watch in the near term.

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Zcash (ZEC) is back in the spotlight after a dramatic rebound. Following Monday’s steep fall to roughly $548, the privacy coin has bounced sharply, gaining 12% in the last 24 hours and reclaiming the $670 level.

After surging more than 1,500% year-to-date and rallying 175% in the past month, the privacy-focused cryptocurrency is now testing a major bullish breakout pattern, leaving traders wondering what comes next and whether ZEC can truly sustain this momentum.

ZEC's price trends to the upside on the daily chart. Source: ZECUSD on Tradingview
Institutional Accumulation Fuels a Powerful Upswing
A major catalyst behind Zcash’s meteoric rise has been aggressive accumulation from high-profile institutional players.

The newly rebranded Cypherpunk Technologies, backed by Tyler and Cameron Winklevoss, has snapped up 233,644 ZEC, worth roughly $150 million. This stash now represents around 1.25% of the circulating supply, with the firm openly declaring plans to raise its holdings to at least 5%.

This level of concentration has tightened liquid supply and injected strong confidence across the market. Supporting the trend, long-time privacy advocate Arthur Hayes has openly backed ZEC, predicting a run to $1,000 and even suggesting Zcash could eventually reach 20% of Bitcoin’s value.

The upcoming November 2025 halving has added another bullish layer. With block rewards set to fall by 50%, ZEC will enter a sharply reduced-issuance environment, historically a strong driver of scarcity-led rallies across major cryptocurrencies.

Technical Indicators Signal a Potential Zcash (ZEC) Breakout
On the technical front, Zcash is close to confirming a classic inverse head and shoulders formation on the 4-hour chart. The neckline sits around $690, and a decisive breakout above this level could open a path toward $956, a nearly 40% upside from recent prices.

ZEC is also trading above its 50-day EMA at $613, while a green Supertrend signal hints at sustained bullish momentum. Still, analysts caution that ZEC must hold above the EMA to avoid invalidating the formation. Key support remains at $600–$605, where momentum has recently cooled.

Coordinated Influence and Growing Privacy Demand
Beyond charts and supply mechanics, market observers say a coordinated narrative push is also at play. Crypto media figure Ran Neuner believes influential industry players are rallying behind Zcash to spotlight privacy as a critical next frontier.

According to him, this is less a pump-and-dump and more a long-term mission around compliant, user-controlled privacy, a feature that differentiates ZEC from rivals like Monero.

If ZEC can maintain its breakout structure and demand for privacy-focused assets continues to rise, Zcash may be positioning itself not just for a short-term spike, but for a serious challenge to broader market rankings in the months ahead.

Cover image from ChatGPT, ZECUSD chart from Tradingview

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Bitcoin is struggling to reclaim higher levels as the market faces its strongest wave of selling pressure in months. After losing key support zones, price action has remained weak, fueling a growing divide among analysts. A large portion of the market now believes Bitcoin has entered the early stages of a bear market, citing weakening momentum, macro uncertainty, and aggressive sell-side flows from major players.

Yet, on the other side of the debate, optimistic investors view this downturn as a rare buying opportunity — the kind that often appears during deep corrections within broader bullish cycles.

Adding to the uncertainty, fresh on-chain data from Lookonchain reveals that the Bitcoin mining firm MARA recently deposited a significant amount of BTC onto exchanges, a move typically interpreted as preparation for selling.

Such activity tends to increase short-term supply pressure and can accelerate downward momentum, especially when market sentiment is already fragile. These miner flows have caught the attention of traders who fear additional sell-offs could push Bitcoin into a more extended correction.

MARA’s Latest BTC Deposits Raise Questions
According to new data shared by Lookonchain, Bitcoin mining firm MARA has deposited another 644 BTC, worth roughly $58.7 million, to FalconX and Coinbase Prime. This move signals yet another instance of miners sending coins to exchanges — an action typically associated with potential selling pressure. In a market already dominated by fear, every new batch of miner deposits tends to draw immediate attention from traders who worry that fresh supply could deepen the current correction.

MARA Bitcoin transfers | Source: Lookonchain
However, several analysts argue that this particular transfer may not be as alarming as it appears. They point out that MARA has executed far larger sell-side movements in the past — often moving thousands of BTC at once — and the current 644 BTC represents a relatively small portion of the miner’s reserves. From this perspective, the latest deposit might simply reflect routine treasury management rather than an aggressive selling strategy.

Some market observers even note that during major corrections, miner flows tend to look more dramatic than they truly are because sentiment is already fragile. In this case, the MARA deposit may contribute to short-term volatility but is unlikely to be the driving force behind Bitcoin’s broader price weakness.

Testing Critical Weekly Support as Selling Pressure Persists
Bitcoin’s weekly chart shows the market locked in a critical battle around the $91,000–$92,000 zone, a level that has become the line separating a controlled correction from a deeper trend shift. After losing momentum near the $120,000 range earlier in the year, BTC has now retraced toward the 50-week moving average, which is acting as the main support structure. Historically, this moving average has served as a mid-cycle support during bull markets, and Bitcoin is once again testing its resilience there.

BTC testing demand | Source: BTCUSDT chart on TradingView
The recent candles reflect sustained selling pressure, with long-bodied red candles revealing strong downside momentum in recent weeks. Volume has also increased on down-moves, an indication that the correction is driven by forced selling — from short-term holders, miners, and market participants exiting positions in fear.

However, despite the weakness, Bitcoin has not yet broken below the green 100-week moving average, which remains well below current price and continues to slope upward — a structural sign that the long-term trend hasn’t flipped bearish. If BTC manages to hold above $90K and stabilize, this area could mark a local bottom similar to mid-cycle pullbacks seen in previous bull markets.

Featured image from ChatGPT, chart from TradingView.com

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Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.
As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastian's contributions quickly gained recognition, and he became a trusted voice in the online crypto community.
To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.
Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K forms, or engaging in thought-provoking discussions about the future of finance.
Sebastian's journey as a crypto analyst and investor has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable asset to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and contributing to the growth of this revolutionary technology.

A nationwide boost for taxpayers takes shape as a new plan would let Americans use bitcoin for federal payments while building a long-term reserve designed to protect purchasing power, expand choice, and strengthen the country's financial footing.

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A new crypto bill was introduced in Washington on Thursday, focusing on the potential for utilizing Bitcoin (BTC) in federal tax transactions. Republican Representative Warren Davidson has aligned with the vision of making America the “crypto capital of the world,” as previously articulated by President Donald Trump. 

Davidson’s proposed Bitcoin for America Act aims to enable American citizens to pay their federal taxes using Bitcoin, channeling these payments into a newly established Strategic Bitcoin Reserve.

Understanding The Bitcoin For America Act
Rep. Davidson believes that this measure could significantly enhance the nation’s long-term financial resilience and secure a leadership position for the US in the digital assets sector. He stated:

The Bitcoin for America Act marks an important step toward modernizing our financial systems and embracing the innovation that millions of Americans already use every day.

By allowing taxes to be paid in Bitcoin and directing the revenues into the Strategic Bitcoin Reserve, the legislation plans to create a tangible asset that appreciates over time, contrasting sharply with the declining purchasing power of the US dollar under inflationary pressures.

The proposed bill aims to provide taxpayers with more flexibility in how they settle their tax obligations, while simultaneously strengthening the financial foundation of the US government. 

Davidson emphasized that BTC, unaffected by traditional monetary policies such as quantitative easing (QE), presents a more stable alternative for wealth preservation. 

The lawmaker also asserted that the establishment of a Strategic Bitcoin Reserve could serve to mitigate the risks associated with fiat currency devaluation, thereby maintaining economic strength in a progressively digital global economy.

Additionally, the Bitcoin for America Act posits that BTC’s inherent scarcity and growing adoption will likely increase its value, meaning that revenues deposited into the Strategic Bitcoin Reserve are expected to appreciate. This would facilitate a self-sustaining fiscal mechanism, reducing dependency on debt financing and improving the nation’s balance sheet.

What Are The Long-Term Plans? 
The Act also stipulates that no taxable gain or loss is to be recognized by a taxpayer upon transferring Bitcoin to the US government in satisfaction of their tax obligations. 

Any BTC received under this arrangement would be deposited into the Strategic Reserve, as managed by the Secretary of the Treasury. The Secretary is granted the authority to accept, hold, and manage BTC received via federal law or acquired through lawful means.

The legislation outlines that the Secretary will establish appropriate custody and security measures for the reserve, which could include cold storage methods and geographically distributed facilities to ensure the safety of the assets. 

Furthermore, BTC held in the reserve is expected to be retained for the long term, with restrictions on the amount that can be disposed of each year, ensuring that its value remains preserved for the nation’s benefit.

The 1-D chart shows BTC’s price retracing 30% from all-time high levels. Source: BTCUSDT on TradingView.com
Featured image from DALL-E, chart from TradingView.com 

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Ronaldo is a seasoned crypto enthusiast with over four years of experience in the field. He is passionate about exploring the vast and dynamic world of decentralized finance (DeFi) and its practical applications for achieving economic sovereignty. Ronaldo is constantly seeking to expand his knowledge and expertise in the DeFi space, as he believes it holds tremendous potential for transforming the traditional financial landscape.

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Bitcoin is attempting to regain its footing near $95,000 after a turbulent week that sent the world’s largest crypto sliding below the $90,000 threshold. The sharp retreat, part of a broader risk-off wave triggered by shifting macro expectations, has rattled investors who just weeks ago watched BTC hit an ATH of $126,000.

Yet amid the volatility, institutional activity is quietly shaping a more nuanced picture. BlackRock’s recent $62.23 million Bitcoin purchase has reignited debate on whether large-scale buyers can provide a stabilizing force as markets attempt to reset.

BTC's price trends to the downside on the daily chart. Source: BTCUSD on Tradingview
Institutional Moves Offer a Pinch of Confidence
BlackRock’s acquisition, made through its subsidiaries, signals a deliberate and long-term approach to digital assets rather than a short-term speculative bet.

While $62 million is small compared to the firm’s massive global portfolio, the symbolism is powerful. Institutional interest, especially from a firm of BlackRock’s stature, often boosts confidence across the market and can attract additional inflows from other large players.

Analysts argue that such participation improves market depth, enhances legitimacy, and can soften the blow during periods of extreme volatility. Long-term holders, particularly on exchanges, continue to accumulate even as prices whipsaw, suggesting that conviction in Bitcoin’s long-term value proposition remains intact.

A Market Under Pressure: Macro, Liquidity, and ETF Outflows
But institutional buying alone hasn’t been enough to fully counteract the recent cascading sell-off.

Bitcoin plunged to the $88,000 range after a combination of collapsing expectations for a December Federal Reserve rate cut, deteriorating liquidity, and persistent outflows from Bitcoin ETFs. More than $559 million in leveraged crypto positions were liquidated within 24 hours, amplifying the downward move.

Fed uncertainty has also weighed on risk appetite. Minutes from the central bank’s latest meeting showed deep division on rate policy, while delays in crucial U.S. labor-market data have clouded macro visibility. This has left Bitcoin vulnerable at a time when broader markets are leaning defensive.

Can Bitcoin Rebound, or Is More Pain Ahead?
Technically, Bitcoin’s RSI has dipped toward oversold territory, hinting that selling pressure may be slowing, but indicators still point to weak momentum. Analysts from QCP Capital warn that unless Bitcoin reclaims the $94,000–$96,000 zone, the trend remains decisively bearish.

For now, Bitcoin’s stability above $92,000 is fragile. Fresh economic data and clarity from the Fed are likely to dictate the next major move.

And while BlackRock’s purchase underscores enduring institutional confidence, the question remains: is it enough to halt the decline, or merely a bright spot in a market still searching for footing?

Cover image from ChatGPT, BTCUSD chart from Tradingview

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Prominent crypto commentator Quinten, with more than 200,000 followers, commented on the percentage of short-term holders being underwater, stating:

“2020 COVID crash, 92% in a loss at $3,750. 2020 FTX collapse, 94% in a loss at $16,000. Today, 99% in a loss at $89,000. This is the highest short term holder capitulation ever recorded.”

XRP-Spot ETFs Fail to Impress
Bitwise XRP ETF launched on Thursday, November 20, signaling robust institutional demand on its first day of trading. However, trading volumes came up short of the Canary XRP ETF’s (XRPC) $59 million on day one, weighing on sentiment.

Bloomberg Intelligence analyst James Seyffart commented on Bitwise XRP ETF’s first day of trading, stating:

“With a bit over ~2 hours left in trading, Bitwise’s $XRP is almost at $22 million in trading today. Quite impressive for the second product to market a full week after Canary Funds’ $XRPC, which is the #1 launch by volume this year.”

Analysts had previously speculated that Bitwise and Franklin Templeton would draw significantly more demand, given their rankings on the ETF issuer Assets Under Management league table.

XRPUSD – Daily Chart – 211125 – Shutdown and Tariff Threats
Macro Pressures Deepen Losses
The Kobeissi Letter commented on the extended crypto sell-off, stating:

“The crypto collapse: On October 6th, just 45 days ago, Bitcoin hit a record high of $126,272, worth $2.5 trillion. Then, something “mechanical” seems to have shifted on October 10th, after President Trump threatened 100% tariffs on China. Not only did this lead to the record -$19.2 billion liquidation, but Bitcoin never truly recovered.”

The Kobeissi Letter noted:

“Even when the October 30th trade deal was reached between the US and China, liquidation pressures only worsened. Then, since November 10th, Bitcoin has moved in a literal straight-line lower with average daily liquidations nearing $1 billion. Throughout the course of this 45-day bear market, crypto has seen little to no bearish fundamental developments.”

The Kobeissi Letter attributed the 45-day bear market to excessive levels of leverage and sporadic liquidations, while highlighting that conditions will steady given market efficiency.

While the October 10 flash crash has spooked investors, fading bets on a December Fed rate cut have added to the selling momentum. FOMC members have raised concerns about elevated inflation, while downplaying a cooling labor market, suggesting a delay to further policy easing.

According to the CME FedWatch Tool, the chances of a December rate cut fell from 50.1% on November 13 to 39.1% on November 20. For context, the probability of a December cut stood at 98.8% on October 20. XRP has fallen 16.4% since October 20, reflecting the Fed’s influence on sentiment.

Crucially, the absence of key US economic reports has left XRP and the broader crypto market in a tailspin. Updated inflation and jobs data could change the narrative if inflation softens and the labor market continues to cool rather than collapse.

Technical Outlook: Key XRP Price Levels
XRP slid 5.17% on Thursday, November 20, following the previous day’s 4.94% loss, closing at $1.9985. The token underperformed the broader crypto market, which dropped 4.84%.

Thursday’s extended sell-off left the token trading well below the 50-day and 200-day Exponential Moving Averages (EMAs), affirming bearish momentum.

Looking ahead, several events could trigger a shift in sentiment, potentially sending XRP toward $2.5.

Key technical levels to watch include:

Support levels: $2.0, $1.9112, and $1.6147.
50-day EMA resistance: $2.4332.
200-day EMA resistance: $2.5455.
Resistance levels: $2.2, $2.35, $2.5, $2.62, $2.8, $3.0, and $3.66.

Crypto trader sentiment on social media is currently split right down the middle, with one side predicting a Bitcoin drop below $70,000 and the other expecting a rally to $130,000. 

Bitcoin (BTC) dipped below $87,000 on Thursday for the first time since April; however,  “Social volume still shows a mixed bag of dip buy optimism and doom & gloom, with very little in between,” market intelligence platform Santiment said in an X post. 

Data from Santiment’s research platform, Sanbase, found that social media mentions on Thursday were roughly evenly split between predictions of Bitcoin dropping to between $20,000 and $70,000 and more bullish takes of between $100,000 and $130,000.

However, leading into Friday, there were more discussions about lower Bitcoin prices. 

Source: Santiment“Ideally, we begin seeing many retail predictions of sub-$70K prices, which would indicate a bottom is finally here. Prices move opposite to how the crowd typically predicts markets.”Tug of war between crypto bull and bears Nic Puckrin, an analyst and co-founder of educational portal The Coin Bureau, said in a research note sent to Cointelegraph that Bitcoin is being “pulled in different directions by conflicting news,” as a “bull-bear tug-of-war” unfolds. 

“On the one hand, we have the rapidly dwindling chances of a December rate cut by the FOMC — on the other, a sign of relief that the AI bubble isn’t about to implode, after Nvidia’s forecast-beating earnings,” he said. 

“If this positive mood continues into the weekend, Bitcoin will likely follow,” Puckrin said, adding that in the event it does trend upward, the “next resistance level to watch” is around the $107,500 mark. 

Extreme fear presents an opportunity, but timing is everything Meanwhile, Rachael Lucas, an analyst at Australian cryptocurrency exchange BTC Markets, noted that Bitcoin is trading around $87,000, and technical indicators such as momentum, money flow, and volume are all trending lower, which “reflects a sharp deterioration in sentiment.” 

“The volatility is being driven by a combination of macroeconomic pressure, liquidity draining from the market, risk-off sentiment, and the cyclical dynamics that have historically shaped Bitcoin’s price action,” she said. 

The Crypto Fear & Greed Index, which measures overall market sentiment, has returned a rating of 14, placing it in the “extreme fear” territory. However, it is still slightly higher than Thursday’s score of 11, the lowest since February. 

The Fear & Greed Index returned a rating of 14, or extreme fear, on Friday. Source: alternative.meLucas said, “Extreme fear often precedes opportunity, but timing is everything.” 

“With technicals under pressure and macro risks elevated, traders and investors face a challenging environment,” she added.

“Whether this marks the start of a deeper correction or sets the stage for a rebound will depend on liquidity conditions, regulatory developments and institutional flows in the coming weeks.”Magazine: Big Questions: Did a time-traveling AI invent Bitcoin?