@mutlucankurt

Latest Crypto News: Key Updates from the Last 24 Hours (November 19-20, 2025) The cryptocurrency market experienced a cautious downturn over the past day, with Bitcoin dipping below $98,000 amid exhausted demand signals and leveraged trader liquidations. Overall market cap hovered around $3.2 trillion, showing minimal change (0.0% to -0.3%), while trading volume rose slightly to $178-188 billion. Here's a roundup of the top stories, focusing on price action, institutional moves, regulatory shifts, and notable developments: -1. Bitcoin Struggles to Hold $98K as Leverage Traps TradersBitcoin (BTC) traded at approximately $97,996, down 0.29% in the last 24 hours, failing to rebound from recent lows around $90,000. Analysts note a shift in options positioning from $140K calls to $80K puts, signaling bearish sentiment. Bloomberg highlighted how leveraged "daredevil" bets are leaving the market on edge, with potential for further drops if S&P 500 trends signal a broader downturn. On the flip side, a massive Monday buy (one of 2025's largest) sparked some trader hope for a short-term bounce. Mt. Gox continued repayments, moving $953M in BTC and dumping $16M worth on Kraken, adding selling pressure. -2. Kraken Files for US IPO Amid $800M Funding BoostMajor exchange Kraken submitted a Form S-1 to the SEC for a potential IPO, valuing the company at $20 billion after securing $800M in new funding (including $200M from Citadel Securities). This move joins a wave of crypto firms going public despite volatility, with co-CEO Arjun Sethi noting it's not a "rush" decision. -3. Abu Dhabi Sovereign Fund Triples Bitcoin Holdings to $518MMubadala Investment Co., Abu Dhabi's sovereign wealth fund, revealed it tripled its BTC exposure in recent months, viewing it as a "digital gold" reserve asset amid global digitization trends. This institutional accumulation contrasts with retail fear, potentially signaling long-term confidence. -4. Regulatory Shifts: Basel Rethinks Crypto Rules, US Bills AdvanceThe Basel Committee on Banking Supervision is revising its strict crypto capital rules due to surging regulated stablecoins and bank demands for practical guidance, per the Financial Times. In the US, Senate Banking Chair signals a crypto market structure bill (with CLARITY-style reforms) could vote next month, redefining SEC/CFTC roles. Meanwhile, new federal guidance allows banks to accept crypto for certain fees, and the IRS eyes foreign crypto holdings for taxation. Critics like David Frum warn Trump's GENIUS Act could lead to a "colossal crypto bailout" via stablecoins, risking a financial catastrophe. -5. Altcoins and Sector Highlights -Ethereum (ETH): Down 3% to ~$3,002, with whale dumps of millions (including $9.7M from a top-100 trader) raising rally concerns. However, ETF inflows hit $2.85B weekly, boosting sentiment. -Dogecoin (DOGE): Defends $0.15 with a double-bottom pattern emerging; potential rally eyed ahead of a rumored ETF launch in 7 days. -Solana (SOL): Up 9% to recent highs, but $201M dumped raises slide fears toward $120. -Sui's performance drew praise from Three Arrows Capital's Su Zhu. Other Movers: HIVE surged 65% to $0.628 on revenue growth hype. Top gainers include Tensor, Ancient8, and Gigachad; Pi Network claims MiCA compliance for EU listings. FET featured in CNBC's AI agent documentary. -6. Other Notable DevelopmentsNvidia's Q3 Earnings Boost: Record $57B revenue (up 62% YoY) eased AI bubble fears, lifting crypto and tech stocks in after-hours trading. -Hacks and Recoveries: Balancer recouped $45.7M after a $121M DeFi exploit, though BAL token dipped sharply. -Institutional Plays: New Hampshire launches $100M BTC-backed municipal bond; HSBC eyes tokenized deposits in US/UAE. Figment launches stablecoin staking; Cboe plans new futures. Market Sentiment: Fear & Greed Index at 63 (up 3 points); BTC dominance at 58%. Whales bought 1.4M LINK in 96 hours.

0 reply

1 recast

2 reactions