Nearly 67% of investors forecast an interest rate cut of 25 basis points in December when polled during the first week of November. Only 45.9% of investors anticipate an interest rate cut at the next US Federal Open Market Committee (FOMC) meeting in December, amid declining market sentiment and a downturn in the cryptocurrency market. The odds of a 25 basis point (BPS) interest rate cut in December were nearly 67% on Nov. 7, according to data from the Chicago Mercantile Exchange (CME) Group. In September, several banking institutions forecast at least two interest rate cuts in 2025, with market analysts at investment banking company Goldman Sachs and banking giant Citigroup each projecting three 25 BPS cuts in 2025. Read more
BitMine held about $11 billion worth of ETH as of this week, making it the largest Ether treasury in the cryptocurrency industry. BitMine Immersion Technologies has overhauled its leadership as it continues to amass one of the largest Ether treasuries across publicly traded companies. In a Friday notice, BitMine announced that Chi Tsang would succeed Jonathan Bates as the company’s CEO, effective immediately. The Ether (ETH) treasury company reported holding more than 3.5 million tokens as of Monday, bringing its valuation to more than $11 billion at a price of $3,175. “With its substantial Ethereum holdings and credibility with both Wall Street and the Ethereum ecosystem, BitMine is positioned to become a leading financial institution,” said Tsang. Read more
Major mining stocks dropped 20%–50% this week, erasing billions in value as the sector continued to lag Bitcoin’s latest pullback. Publicly traded Bitcoin mining companies had a tough week, with nearly every major miner posting double-digit declines as the sector sharply underperformed Bitcoin itself. Over the past five trading days, names like Cipher, Applied Digital, Core Scientific, CleanSpark and Bitdeer slid between 23% and 52%, while other operators such as Riot and Hut 8 saw mid-teens losses. Bitcoin (BTC) was trading about $94,400 at the time of writing, down about 9% over the past seven days. Read more
Bitcoin lost multiple critical support areas as data show short-term investors holding on to capitulation-level losses, raising fears of a deeper breakdown in BTC price. Bitcoin (BTC) broke below its June support near $98,000 on Thursday, marking its first clear lower high–lower low structure on the daily chart since February. The decline deepened on Friday as BTC slid to $94,500, bringing it within striking distance of the $93,500 yearly open, a level that would fully erase its gains for 2025. Key takeaways: Bitcoin is at risk of its first weekly close below the 50-week SMA since 2023, breaking a two-year uptrend. Read more
The integration marks another step in centralized exchanges adopting tokenized Treasurys, expanding RWA collateral across major trading platforms. Binance has begun accepting BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) as off-exchange collateral, giving institutions a way to trade on the exchange while keeping their assets with custodians. The integration combines BlackRock’s onchain money market fund with Binance’s custody systems, enabling traders to earn yield on BUIDL while using it to support trading positions on the exchange. A new BUIDL asset class will also launch on BNB Chain, expanding the token’s reach beyond Ethereum and opening it to a wider set of onchain applications, according to a blog post by Binance on Friday. Read more
Bitcoin has seen bigger crashes during the current cycle, but investor sentiment is hovering near lows not seen since March. Crypto investor sentiment is in freefall during the latest market dip as market analysts and traders search for a singular reason for falling asset prices and Bitcoin’s descent below $100,000. The crypto “Fear and Greed” index, a metric tracking investor sentiment, is at 22, signaling investor caution and hovering just above “extreme fear” territory — its lowest level since March, according to CoinMarketCap “This dip has been the smallest of this cycle, 25% vs 31% and 32%, but it feels so, so much worse. Sentiment cooked,” market analyst Nic Puckrin wrote. Read more
Strategy moves $5.7 billion in Bitcoin as its net asset value to its Bitcoin holdings drops below one for the first time, sparking valuation concerns amid marketwide speculation. Bitcoin’s (BTC) latest drawdown has pushed the asset to its lowest price since May 2025, and Strategy’s MSTR stock is also feeling the pressure. Stock prices slipped to $197 at pre-market for the first time since October 2024, extending its woes. Key takeaways: Strategy’s $5.77 billion Bitcoin move is likely a custodial relocation. Read more
Eric Trump shrugs off an extended crypto sell-off as American Bitcoin ramps up its holdings and climbs into the top ranks of public BTC treasuries. Eric Trump, a son of US President Donald Trump and co-founder of American Bitcoin, is undeterred by the recent downturn in the cryptocurrency markets, saying that volatility is the cost of achieving outsized returns. “I think volatility is your friend,” Trump told The Wall Street Journal in an interview, as Bitcoin (BTC) briefly fell below $95,000 and stood about 25% lower than its early-October peak. The turbulence has been worse in the altcoin segment, with major assets down from 5% to 11% — part of a weakness that began with the Oct. 10 market crash, which wiped out some $19 billion in leveraged positions. Read more
Bitcoin has broken below the psychologically crucial $100,000 level, signaling that the bears are in full control. The next strong support on the downside is at $87,800. Key points: Bitcoin has broken below the psychological support at $100,000, opening the gates for a potential sell-off to $87,800. Several major altcoins are approaching their support levels but have failed to bounce with strength, increasing the risk of a breakdown. Read more