@mutlucankurt

Crypto World Highlights: Last 24 Hours (November 23-24, 2025) The cryptocurrency market has been turbulent over the past day, with Bitcoin (BTC) experiencing sharp volatility amid broader economic pressures, ETF rotations, and regulatory friction. Here's a roundup of the key developments: Market Overview - Bitcoin's Rollercoaster Ride: BTC dipped to a seven-month low of around $80,553 early in the period, marking the worst monthly performance since the 2022 crypto collapse (down ~25% in November so far). It rebounded slightly to ~$87,000 by Monday afternoon, but analysts warn of a "fragile" structure due to thinning liquidity and deleveraging. Open interest has plummeted, potentially signaling a bottom for recovery. The odds of BTC closing the year below $90,000 have risen to 50%, per options data, as traders hedge against further downside. - Overall Market Stats: Global crypto market cap sits at ~$2.93T-$3.05T, down 0.3%-0.47% in the last 24 hours. Trading volume surged 32% to $135.91B, with stablecoins dominating at 86% ($117.33B). BTC dominance holds steady at 58.45%. Ethereum (ETH) failed to reclaim $2,800 despite ETF inflows, while altcoins like XRP and Zcash led modest gains. - Liquidations Spike: Over $2B in leveraged positions were wiped out in the last 24 hours alone, exacerbating the downturn as forced selling hit. ETF and Institutional Moves - Outflows Ebb, Inflows Return: Crypto funds saw $1.9B in outflows last week, but sentiment is improving with $258M in late inflows—XRP ETPs alone pulled in $89.3M despite a 6.9% price drop. U.S. spot BTC ETFs flipped positive on Nov. 21 with +$238.4M net inflows (led by BlackRock's IBIT and Grayscale's GBTC), while Solana ETFs added $10.58M (totaling ~$476M YTD). Grayscale's Dogecoin (GDOG) and XRP ETFs got final NYSE approval to trade, opening the door for more speculative assets. - Big Buys and Sells: BitMine Immersion (Tom Lee's firm) scooped up nearly 70K ETH last week, now holding 3% of total supply despite $4B in unrealized losses. Robert Kiyosaki offloaded $2.25M in BTC, citing shifting views. Meanwhile, Michael Saylor's Strategy (formerly MicroStrategy) raised $21B to fuel 2025 BTC purchases. VC funding was hot: Kalshi snagged $1B, Kraken $200M, and Monad $269M ahead of its mainnet launch. Regulatory and Security Buzz - JPMorgan Backlash Grows: Sen. Cynthia Lummis slammed JPMorgan's anti-crypto rhetoric, saying it undermines bank trust and pushes the industry overseas. The BTC community amplified calls for a boycott after MSCI eyed excluding crypto treasuries from major indexes in Jan. 2026. - Security Scare: A worm-style attack hit over 400 NPM packages, including ENS and key crypto libraries, stealing developer credentials and wallet keys. Devs are urged to audit dependencies immediately. - Japan's Crypto Pivot: The FSA is mulling rules to classify crypto as financial products (enabling insider trading oversight) and slash profit taxes, per reports. Project and Tech Updates - Monad Hype Builds: The layer-1 blockchain raised $269M and impressed with "mind-blowingly fast" blocks (down to 0ms in tests), though early glitches caused brief halts. Mainnet looms as a potential Solana rival. - Other Notables: Aave V4 testnet went live for DeFi upgrades; Kraken eyes an IPO; HelloTrade raised $4.6M for social trading. Solana's SIMD-0411 proposal aims to double disinflation; Cardano fixed a chain split bug. Upcoming: Celestia's Matcha upgrade today, ETH's Fusaka on Dec. 3, and TAO halving on Dec. 10. Quick Sentiment Check Peter Schiff gloated over the pullback, but HODLers see it as a "sale" for stacking more sats. Meme coins like FROGE exploded on Solana, while AI tools and whale watches (e.g., 1.4M LINK buys) keep traders buzzing. Macro tailwinds like potential Fed cuts could spark a rebound, but shallow liquidity keeps things precarious.

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