🔍 🔴😞 Market Analysis: 19-11-03

Crypto markets woke up to a chill wind this morning, as Bitcoin tumbled below $92,000, erasing all its gains for 2025 and sparking renewed anxiety across digital assets. The swift descent, which follows October’s dazzling highs above $126,000, has stripped nearly $600 billion from Bitcoin’s m... ... Read full 🔴😞 Market Analysis: 19-11-03

Bitcoin’s November average gains based on ‘skewed’ numbers: Analysts

Bitcoin’s November average gains based on ‘skewed’ numbers: Analysts

Analysts have questioned whether November deserves its reputation as Bitcoin’s historically “strongest month” after the cryptocurrency dropped 10% over the past seven days and briefly sank below $90,000.“Historical averages suggest strength, but those numbers are skewed and the current backdrop is a…

Bitcoin Faces A Negative Correlation Trend And Still Holds Strong — Here’s Why

Bitcoin Faces A Negative Correlation Trend And Still Holds Strong — Here’s Why

In the turbulent and often unpredictable world of financial markets, asset correlations can dictate fortunes, creating either synergistic gains or painful downturns. Bitcoin is once again proving its resilience as it navigates a difficult period of negative market correlation.How Macro Pressure Fail…

Bitcoin ETF posts record outflow amid crypto bear market

Bitcoin ETF posts record outflow amid crypto bear market

By Christine IdzelisBitcoin has a 'very low correlation' with a popular gold ETF this year, says CFRA's Aniket UllalThe iShares Bitcoin Trust ETF has tumbled in November.The biggest bitcoin exchange-traded fund in the U.S. is in a slump after investors bailed from the ETF like never before, as the c…

Bitfury pivots to launch $1B tech fund after 14 years of mining Bitcoin

Bitfury pivots to launch $1B tech fund after 14 years of mining Bitcoin

Bitfury is the latest Bitcoin miner to pivot away from the mining sector, announcing it will become an investment firm focused on “ethical emerging technologies,” including artificial intelligence and crypto.Bitfury said on Tuesday that it would pour $1 billion into AI and crypto startups as early a…

Wondering Why The XRP Price Is Still Lagging Despite Record ETF Launch? Read This

Wondering Why The XRP Price Is Still Lagging Despite Record ETF Launch? Read This

The debut of Canary Capital’s spot-XRP ETF was one of the standout moments for the XRP community this year, bringing the token into the US ETF arena with strong opening volume and heavy attention from traders. Many holders went into launch week expecting that kind of headline event to push XRP into …

XRP, Bitcoin Now In “Good Buy Zone,” Says Analytics Firm

XRP, Bitcoin Now In “Good Buy Zone,” Says Analytics Firm

On-chain analytics firm Santiment has revealed how Bitcoin, XRP, and other cryptocurrencies have dropped into a “buy zone” on a popular metric.MVRV Ratio Shows High Degree Of Short-Term Pain In Bitcoin & AltcoinsIn a new post on X, Santiment has discussed how the various assets in the cryptocurrency…

Cathie Wood’s Ark Invest stocks up on Coinbase, Circle and Bullish shares

Cathie Wood’s Ark Invest stocks up on Coinbase, Circle and Bullish shares

Cathie Wood's Ark Invest bought more crypto-related stocks across two of its exchange-traded funds on Tuesday, increasing its positions in Coinbase, Circle and Bullish.Ark's Tuesday trade filing shows that the ARK Innovation ETF (ARKK) and the ARK Fintech innovation ETF (ARKF) purchased a combined $…

Canaan stock surges as Q3 revenue doubles on Bitcoin miner demand

Canaan stock surges as Q3 revenue doubles on Bitcoin miner demand

Shares in Canaan surged on Tuesday after the Bitcoin mining hardware maker reported its third-quarter revenues doubled from last year, driven by a high demand for equipment as multiple miners saw revenues increase.Canaan said on Tuesday that its total Q3 revenues increased 104% from last year to $15…

Bitcoin Pauses Decline and Moves Into Consolidation Near Key Levels

Bitcoin Pauses Decline and Moves Into Consolidation Near Key Levels

Bitcoin price found support near $89,250. BTC is now correcting some losses but faces many hurdles near $93,500 and $94,200.Bitcoin started a fresh decline below $94,000 and $93,500.The price is trading below $93,000 and the 100 hourly Simple moving average.There is a bearish trend line forming with…

US Senate banking chair eyes vote on crypto market bill next month

US Senate banking chair eyes vote on crypto market bill next month

U.S. Senate Banking Chair Tim Scott said Tuesday that he aims to have the committee vote on the crypto market structure bill next month."By the end of this year, next month, we believe we can mark up and vote in both committees and get this to the floor of the Senate early next year so that Presiden…

Kraken bags $800M for expansion plans at $20B valuation

Kraken bags $800M for expansion plans at $20B valuation

Kraken says it’s now valued at $20 billion after an $800 million funding round it said would support the US-based crypto exchange’s global expansion. Kraken said on Tuesday that it raised the capital across two tranches, with the second tranche including a $200 million strategic investment from US m…

Bitcoin Miner Canaan Soars 16% After Shock 104% Revenue Spike, Defying Bitcoin’s Crash

Bitcoin Miner Canaan Soars 16% After Shock 104% Revenue Spike, Defying Bitcoin’s Crash

Canaan’s stock surged on Tuesday after the Bitcoin mining chipmaker delivered its strongest quarterly performance in years, posting a 104% jump in revenue and a return to positive gross profit despite a steep downturn in the broader crypto market. The rally sent shares of Canaan up roughly 16% by mi…