A person who hacked the X accounts of famous people, including former President Barack Obama and Amazon founder&nbsp;Jeff Bezos, has been ordered to pay back the Bitcoin <a class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/BTC-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a> gained from the crime, prosecutors said Monday.



<h2 class="wp-block-heading">Stolen Bitcoin To Be Recovered</h2>



The England and Wales&#8217; Crown Prosecution Service said it has obtained a Civil Recovery Order to recover 42 Bitcoin and other cryptocurrencies that Joseph James O'Connor, a UK citizen, gained from the illegal act. The recovered assets are estimated to be worth around GBP 4.1 million ($5.40 million).



The CPS said it worked in conjunction with partners in the U.S. and Spain to ensure&nbsp;the order could be served&nbsp;against O'Connor, thereby preventing him from hiding the assets from authorities.



The Civil Recovery Order was issued on Nov. 14, 2025, and a court-appointed trustee will liquidate the cryptocurrency assets. 



O'Connor had been jailed in the U.S. for his involvement in these cyber attacks, which included Bitcoin scams and threats of exposing personal images and messages of celebrities.



See Also:&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48778796/china-accuses-us-of-13-billion-bitcoin-state-backed-crypto-heist">China Accuses US Of $13 Billion Bitcoin &#8216;State-Backed Crypto Heist&#8217;</a>



<h2 class="wp-block-heading">Influential People Were Targeted</h2>



The hacking incident dates back to 2020 <a href="https://www.benzinga.com/news/20/07/16645136/twitter-insider-was-allegedly-responsible-for-the-biggest-hacking-incident-report">when a series of strange tweets</a> were sent from the official X (then Twitter) accounts of Tesla and SpaceX CEO Elon Musk, Amazon&#8217;s Bezos, former presidents Obama and Joe Biden, and other high-profile figures, promoting a Bitcoin scam. 



The tweets, which were later deleted, promised to double any Bitcoin payments sent to a published address. 



O'Connor was extradited to the U.S. and pleaded guilty to the charges in May 2023. &nbsp;According to the Justice Department, he conducted a so-called SIM swap attack to steal cryptocurrency, hacking Twitter and conducting computer intrusions to take over social media accounts



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/cryptocurrency/25/11/48900966/the-real-reason-behind-bitcoins-drop-from-126000-to-95000-in-6-weeks" target="_blank" rel="noreferrer noopener">The Real Reason Behind Bitcoin&#8217;s Drop From $126,000 To $95,000 In 6 Weeks</a></li>
</ul>



Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.



Photo Courtesy: ozrimoz on Shutterstock.com



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Elon Musk, Barack Obama X Account Hacker Ordered To Return $5.4 Million In Bitcoin Obtained In The Cyber Heist

An influential cryptocurrency analyst predicted Monday when Bitcoin <a class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/BTC-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a> is likely to hit its bottom, even as the leading cryptocurrency crashed below $90,000.



<h2 class="wp-block-heading">Another Year Of Bearish Pain?</h2>



Ali Martinez made a bold prediction for X, saying that the apex cryptocurrency would bottom in October 2026. They based their projection on the historical trend of Bitcoin bear markets lasting &#8220;364 days.&#8221;



Martinez cited examples from the 2017-18 market, where BTC bottomed in December 2018 after peaking in December 2017, and the <a href="https://www.benzinga.com/money/how-long-will-a-bitcoin-bear-market-last">2021-22</a> market, when the leading cryptocurrency hit its lowest point in November 2022 after peaking a year ago.



&#8220;Assuming Bitcoin reached a market top on Oct. 6 at $126,200, the next market bottom could be in October 2026, presenting an ideal buying opportunity,&#8221; the analyst stated.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is when Bitcoin <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> will reach a market bottom! <a href="https://t.co/raXmAieErQ">https://t.co/raXmAieErQ</a> <a href="https://t.co/eIggqT3OXu">pic.twitter.com/eIggqT3OXu</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1990349692518187232?ref_src=twsrc%5Etfw">November 17, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also:&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48915866/nayib-bukele-goes-hooah-as-el-salvador-buys-98-million-worth-of-bitcoin-in-a-day-amid-crypto-meltdown">Nayib Bukele Goes &#8216;Hooah&#8217; As El Salvador Buys $98 Million Worth Of Bitcoin In A Day Amid Crypto Meltdown</a>



<h2 class="wp-block-heading">Crypto Market Retreats From Highs</h2>



Martinez&#8217;s prediction comes at a time when leading cryptocurrencies, including Bitcoin, are experiencing sharp declines. Late Monday, <a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48915257/bitcoin-ethereum-xrp-dogecoin-plunge-as-extreme-fear-sentiment-intensifies-despite-terrible-market-environment-analyst-says-not-selling">Bitcoin sank below $90,000</a>, marking its lowest point in nearly seven months.



Capital markets commentator The Kobeissi Letter highlighted that since Bitcoin&#8217;s all-time high, the cryptocurrency market has erased $1.2 trillion in market capitalization, amounting to 28% of its total value.



&#8220;It&#8217;s safe to say that crypto just experienced its &#8216;2025 bear market,'&#8221; The Kobeissi Letter remarked.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It&#39;s safe to say that crypto just experienced its &quot;2025 bear market.&quot; Since October 6th, in 42 days, crypto has erased -$1.2 trillion in market cap, or -28% of its entire value. <a href="https://t.co/y2JtSBgATJ">pic.twitter.com/y2JtSBgATJ</a>&mdash; The Kobeissi Letter (@KobeissiLetter) <a href="https://twitter.com/KobeissiLetter/status/1990530382983549261?ref_src=twsrc%5Etfw">November 17, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">The Peaks And The Troughs</h2>



While the likes of Martinez are already discussing market bottoms, popular Wall Street Strategist Tom Lee didn&#8217;t support the idea that the market has peaked, instead suggesting that the <a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48903388/bmnr-drops-6-but-tom-lee-adamant-crypto-cycle-top-12-36-months-away">"next" cryptocurrency cycle top</a> is 12–36 months away.



Meanwhile, the market&#8217;s &#8220;Extreme Fear&#8221; sentiment intensified, &nbsp;<a href="https://alternative.me/crypto/fear-and-greed-index/#google_vignette" target="_blank" rel="noreferrer noopener">according&nbsp;</a>to the Crypto Fear &amp; Greed Index, hitting levels last seen in the last week of February.



Price Action: At the time of writing, BTC was exchanging hands at $89,836.72, down 5.55% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/cryptocurrency/25/11/48900966/the-real-reason-behind-bitcoins-drop-from-126000-to-95000-in-6-weeks" target="_blank" rel="noreferrer noopener">The Real Reason Behind Bitcoin&#8217;s Drop From $126,000 To $95,000 In 6 Weeks</a></li>
</ul>



Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.



Photo by Frame Stock Footage via Shutterstock<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

Bitcoin Sinks Below $90,000: Popular Analyst Says This Is When BTC Will Reach Market Bottom

El Salvador took advantage of the ongoing market correction, scooping up over 1000 Bitcoin <a class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/BTC-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a> in the last week for its reserves.



<h2 class="wp-block-heading">El Salvador Buys The Dip</h2>



President Nayib Bukele posted on X a screenshot from El Salvador&#8217;s Bitcoin Office dashboard, showing 1,098 BTC, worth $99.34 million, bought in the last week. Notably, 1,090 BTC, worth $98.61 million, were purchased within the past 24 hours.



&#8220;Hooah,&#8221; he exclaimed, cheering the Central American nation&#8217;s Bitcoin-buying policy.



El Salvador&#8217;s national Bitcoin&nbsp;stockpile&nbsp;has grown to 7,437.37 BTC, worth $672.85 million at current prices, with an unrealized profit of $264.63 million, <a href="https://dropstab.com/p/el-salvadors-btc-portfolio-gai1gqe3ma">according </a>to DropsTab. 



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Hooah! <a href="https://t.co/KxMVbUrcGE">pic.twitter.com/KxMVbUrcGE</a>&mdash; Nayib Bukele (@nayibbukele) <a href="https://twitter.com/nayibbukele/status/1990571996732965357?ref_src=twsrc%5Etfw">November 18, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



The aggressive accumulation comes alongside <a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48915257/bitcoin-ethereum-xrp-dogecoin-plunge-as-extreme-fear-sentiment-intensifies-despite-terrible-market-environment-analyst-says-not-selling">Bitcoin's steep decline</a>, which dragged the apex cryptocurrency below $90,000 for the first time in nearly seven months.



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/money/bitcoin-price-prediction-oct-14">Bitcoin (BTC) Price Predictions: 2025, 2026, 2030</a>



<h2 class="wp-block-heading">El Salvador&#8217;s Bitcoin Journey</h2>



El Salvador became the first country to adopt the leading digital asset as its legal tender in 2021. Despite these efforts,&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43654402/el-salvador-proved-bitcoin-is-not-destined-to-be-money-analyst-says">Bitcoin adoption</a>&nbsp;among Salvadorans remains low, with the majority still relying on the U.S. dollar as the country's primary currency.



The International Monetary Fund had asked El Salvador&nbsp;<a href="https://www.benzinga.com/25/03/44133314/el-salvadors-president-bukele-remains-defiant-amid-imfs-concerns-on-bitcoin-accumulation-it-wont-stop-now-and-it-wont-stop-in-the-future" target="_blank" rel="noreferrer noopener">to halt public sector Bitcoin purchases</a>&nbsp;as part of a $1.4 billion funding deal earlier this year. While the country tweaked its Bitcoin law and&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43336076/el-salvador-changes-bitcoin-law-but-legal-tender-status-remains" target="_blank" rel="noreferrer noopener">made the acceptance of Bitcoin voluntary</a>&nbsp;rather than mandatory, it hasn't stopped its purchases.



As of this writing, El Salvador is the fifth-biggest government holder of Bitcoin,&nbsp;<a href="https://bitcointreasuries.net/" target="_blank" rel="noreferrer noopener">according&nbsp;</a>to bitcointreasuries.net, behind the U.S., China and the UK.



Price Action: At the time of writing, BTC was exchanging hands at $90,469, down 4.89% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.



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Photo Courtesy: Joey Sussman on Shutterstock.com

Nayib Bukele Goes 'Hooah' As El Salvador Buys $98 Million Worth Of Bitcoin In A Day Amid Crypto Meltdown

Cardano <a class="ticker-link" data-ticker="ADA" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/ADA-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>)</a> founder Charles Hoskinson said Monday that, contrary to expectations, some of the Trump administration&#8217;s policies have been &#8220;little unhelpful&#8221; for the industry.



<h2 class="wp-block-heading">Trump Hasn&#8217;t Turned Out To Be &#8216;Net Positive&#8217;</h2>



During an interview with CoinDesk at the Midnight Network Summit, Hoskinson stated that many, including himself, were optimistic that the new administration, under President Donald Trump, would be &#8220;magic net positive&#8221; for the industry.



&#8220;He&#8217;s literally [the reason the] U.S. government has become a bag holder,&#8221; Hoskinson said. &#8220;It&#8217;s like the biggest economy in the world and it&#8217;s gone from trying to kill crypto to embracing crypto.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f1fa;&#x1f1f8; NEW: Cardano co-founder Charles Hoskinson (<a href="https://twitter.com/IOHK_Charles?ref_src=twsrc%5Etfw">@IOHK_Charles</a>) explains at the <a href="https://twitter.com/MidnightNtwrk?ref_src=twsrc%5Etfw">@MidnightNtwrk</a> Summit 2025 why many expected the Trump administration to be a "magic net positive" for the crypto ecosystem — even if it has been "a little unhelpful" so far. <a href="https://t.co/sEdhjSU6Df">pic.twitter.com/sEdhjSU6Df</a>&mdash; CoinDesk (@CoinDesk) <a href="https://twitter.com/CoinDesk/status/1990445096492277900?ref_src=twsrc%5Etfw">November 17, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">Government Hugged &#8216;Too Hard&#8217;</h2>



However, he added that the embrace has been more harmful than beneficial.



&#8220;Sometimes by having a big guy hug you, they hug too hard and they love too much, and it kind of crushes your ribs,&#8221; Hoskinson, who also co-founded Ethereum <a class="ticker-link" data-ticker="ETH" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/ETH-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</a>, said.



Hoskinson stated that the government has been very &#8220;hand-fisted&#8221; and some of the measures have been &#8220;little unhelpful.&#8221;



&#8220;So it created an irrational exuberance and interfered with our normal four-year cycle that we have,&#8221; he argued. 



Hoskinson was optimistic that the<a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48398996/coinbase-ceo-brian-armstrong-bullish-on-getting-key-crypto-legislation-passed-by-year-end-were-90-there"> CLARITY Act</a> would pass in the first quarter of 2026, after which the normal bull market would resume.



See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/11/48889520/anthony-scaramucci-and-his-son-invest-in-trump-familys-bitcoin-venture-despite-political-rift" target="_blank" rel="noreferrer noopener">Anthony Scaramucci and His Son Invest in Trump Family&#8217;s Bitcoin Venture, Despite Political Rift</a>



<h2 class="wp-block-heading">Hoskinson Endorsed Trump</h2>



Hoskinson was <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38753994/cardano-founder-charles-hoskinson-says-voting-for-biden-is-a-vote-against-american-crypto-">one of the biggest supporters of Trump</a> leading up to the 2024 presidential polls, accusing former President Joe Biden of actively working to stifle the Bitcoin <a href="https://www.benzinga.com/quote/BTC-USD" target="_blank" class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a> and cryptocurrency industry.



Earlier this year, he said that he&#8217;s never seen a &#8220;more pro-crypto composition&#8221; with respect to the U.S. government.



Interestingly, Trump mentioned ADA, Cardano&#8217;s native token, as one of the assets that would make up the so-called U.S. cryptocurrency reserve. However, White House cryptocurrency czar&nbsp;David Sacks&nbsp;later said that the list of included tokens <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44200064/cardano-xrp-solana-drop-as-white-house-clarifies-trumps-crypto-reserve-plan">was likely an illustration</a> of leading market-cap assets, not a definitive plan.



Price Action: At the time of writing, ADA was exchanging hands at $0.4652, down 5.76% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 



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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.



Photo Courtesy: Pixamin on Shutterstock.com<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

Trump Administration's Bear Hug 'Unhelpful' For Crypto, Says Ethereum Co-Founder: 'Created An Irrational Exuberance'

Leading cryptocurrencies declined alongside stocks on Monday amid a wave of sharp selling.



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 8:25 p.m. ET)</th></tr></thead><tbody><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>-3.20%</td><td>$91,828.39</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-2.19%</td><td>$3,031.90</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-3.56%</td><td>$2.15</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-4.85%</td><td>$131.86</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-4.21%</td><td>$0.1527</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">Crypto Liquidations Surge</h2>



Bitcoin's problems worsened as the apex cryptocurrency sank below $92,000, marking its lowest point in nearly eight months. The trading volume rose 26% in the last 24 hours, suggesting high selling interest.



Ethereum failed to hold the $3,000 support, hitting an intraday low of $2,957.31 before recovering some losses overnight. XRP and Dogecoin also recorded sharp declines.



Bitcoin and Ethereum&#8217;s market shares declined, while altcoin dominance increased to about 30%.&nbsp;



Cryptocurrency liquidations topped $760 million in the last 24 hours, <a href="https://www.coinglass.com/LongShortRatio">according </a>to Coinglass, with&nbsp; $483 million in long positions wiped out.



Bitcoin's open interest increased 0.41% in the last 24 hours. The Long/Short ratio dropped further to 0.84, indicating that new short positions are being opened.



The "Extreme Fear" sentiment intensified, <a href="https://alternative.me/crypto/fear-and-greed-index/#google_vignette">according </a>to the Crypto Fear &amp; Greed Index, hitting levels last seen in the last week of February.



Top Gainers (24 Hours)&nbsp;



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency (Market Cap&gt;$100 M)</th><th>Gains +/-</th><th>Price (Recorded at 8:25 p.m. ET)</th></tr></thead><tbody><tr><td>Internet Computer (ICP )&nbsp;&nbsp;&nbsp;</td><td>+17.99%</td><td>$5.82</td></tr><tr><td>Horizen (ZEN)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+14.45%</td><td>$15.41</td></tr><tr><td>Velo (VELO )&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+13.94%</td><td>$0.007210 </td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $3.13 trillion, decreasing by 1.81% in the last 24 hours.



<h2 class="wp-block-heading">Stocks End In The Red</h2>



Stocks kicked off the week on a weak note. The Dow Jones Industrial Average shed 557.24 points, or 1.18%, to end at 46,590.24. The S&amp;P 500 fell 0.92% to finish at 6,672.41, while the tech-heavy Nasdaq Composite slid 0.84% to settle at 22,708.07



Artificial intelligence darling Nvidia Corp. <a href="https://www.benzinga.com/quote/NVDA" target="_blank" class="ticker-link" data-ticker="NVDA" data-exchange="NASDAQ" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NVDA">NVDA</a>)</a> dipped 1.88%, contributing to the tech sell-off. The company is set to report its <a href="https://www.benzinga.com/etfs/specialty-etfs/25/11/48801049/nvidias-upcoming-q3-earnings-report-draws-intense-interest-in-direxions-nvdu-nvdd-etfs">third-quarter earnings</a> after the closing bell on Wednesday.



Investors will also watch out for <a href="https://www.benzinga.com/markets/macro-economic-events/25/11/48885041/september-jobs-report-set-for-thursday-release-as-government-shutdown-data-fog-lifts">September's nonfarm payrolls numbers</a> on Thursday, the first major economic data release since the 42-day government shutdown-induced blackout.



<h2 class="wp-block-heading">Don&#8217;t Expect V-Shape Recovery, Warns Analyst</h2>



Lacie Zhang, Research Analyst at Bitget Wallet, highlighted in a note to Benzinga Bitcoin's recent "death cross," where the 50-day short-term moving average slipped below the 200-day short-term moving average.



"In some cycles it has marked macro bottoms and strong reversals, while in deeper bear phases it has preceded continued downside," Zhang pointed out the mixed implications.



"Short-term, we expect Bitcoin to consolidate in the $90,000–$110,000 range through November, while Ethereum trades around $3,000–$3,600," the analyst projected.



Widely followed cryptocurrency analyst and trader Michaël van de Poppe emphasized the high volatility and predicted downsides in the first few days of the week.



"Also, given that last week was such a terrible weekly candle, it&#8217;s impossible to expect an imminent V-shape recovery after that. Things take time," the analyst remarked.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">$94,000 per <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> couldn&#39;t hold. Therefore, Bitcoin goes in search for a support level (CME gap is an obvious point). The volatility remains high, and, I think we&#39;ll find ourselves into a bottom in the first days of this week as there&#39;s a lot of macroeconomic data lined up…&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1990486482986152336?ref_src=twsrc%5Etfw">November 17, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Despite the pain, Van De Poppe declared that they won&#8217;t be selling and are prepared to be &#8220;patient.&#8221;



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yes, this is a terrible market environment. Yes, it feels like <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> goes to $25K. Yes, it feels like <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> are completely gone. No, I&#39;m not selling my portfolio and I&#39;m remaining patient. This is the heaviest disconnect I&#39;ve ever seen between prices of assets within…&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1990517430532120767?ref_src=twsrc%5Etfw">November 17, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo Courtesy: Marc Bruxelle on Shutterstock.com



Read Next:&nbsp;&nbsp;&nbsp;&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48901552/tom-lee-says-mstr-could-become-one-of-the-largest-companies-as-strategy-adds-800m-in-bitcoin">Tom Lee Says MSTR Could Become &#8216;One Of the Largest Companies&#8217; As Strategy Adds $800M In Bitcoin</a></li>
</ul>

Bitcoin, Ethereum, XRP, Dogecoin Plunge As 'Extreme Fear' Sentiment Intensifies: Despite 'Terrible' Market Environment, Analyst Says 'Not Selling'

U.S. stocks closed lower on Monday, with the Dow slipping 1.2% to 46,590.24, the S&amp;P 500 easing 0.92% to 6,672.41, and the Nasdaq dipping 0.84% to 22,708.07.



These are the top stocks that gained the attention of retail traders and investors through the day:



<h2 class="wp-block-heading">Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NVDA">NVDA</a>)</h2>



Nvidia&#8217;s stock fell 1.88% to close at $186.60, with an intraday high of $189 and a low of $184.32. The stock&#8217;s 52-week high is $212.19, while the low is $86.63. 



Nvidia&#8217;s upcoming earnings report on Wednesday is a <a href="https://www.benzinga.com/markets/tech/25/11/48895207/why-nvidias-next-earnings-could-decide-where-global-markets-head-next">significant catalyst</a> for global markets. Despite a slowdown from its previous growth pace, Nvidia remains crucial in Big Tech&#8217;s data center spending plans. The company recently became the first to surpass a $4.5 trillion market cap, driven by its GPUs&#8217; role in AI and gaming.



<h2 class="wp-block-heading">Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DELL">DELL</a>)</h2>



Dell&#8217;s stock dropped 8.42% to $122.48, with a high of $128.41 and a low of $120.01. Its 52-week high is $168.08, and the low is $66.25. 



The decline followed a <a href="https://www.benzinga.com/trading-ideas/movers/25/11/48904811/whats-going-on-with-dell-stock-today">bearish analyst update</a> from Morgan Stanley, which downgraded Dell from Overweight to Underweight and reduced the price target to $110 from $144. Analyst Erik Woodring warned that rising DRAM and NAND costs could pressure Dell's margins and valuation, given memory accounts for up to 70% of its major product lines. Ahead of next week's earnings, analysts expect Dell to post $2.47 per share in profit and $27.11 billion in revenue for the third quarter.



See Also: <a href="https://benzinga.com/crypto/cryptocurrency/25/11/48897720/cardanos-charles-hoskinson-calls-for-gigachad-bullrun-as-ada-crashes-20-in-1-week" target="_blank" rel="noreferrer noopener">Cardano&#8217;s Charles Hoskinson Calls For &#8216;Gigachad Bullrun&#8217; As ADA Crashes 20% In 1 Week </a>



<h2 class="wp-block-heading">Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/COIN">COIN</a>)</h2>



Coinbase shares fell 7.06% to $263.95, reaching a high of $277.83 and a low of $258.22. The stock&#8217;s 52-week high is $444.65, with a low of $142.58. 



The decline was driven by a crypto-market crash, with Bitcoin <a class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/BTC-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a> dropping below $92,000 and Ethereum <a class="ticker-link" data-ticker="ETH" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/ETH-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</a> losing the $3,000 mark. This <a href="https://www.benzinga.com/trading-ideas/movers/25/11/48912091/coinbase-coin-stock-plunges-amid-crypto-crash">sector-wide decline impacted Coinbase</a>, as its revenue is closely tied to crypto asset prices and trading volume.



<h2 class="wp-block-heading">Gorilla Technology Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GRRR">GRRR</a>)</h2>



Gorilla Technology&#8217;s stock decreased by 2.47% to $12.62, with an intraday high of $13.36 and a low of $12.50. The 52-week high is $44.15, and the low is $3.71. In the after-hours trading, the stock shot up nearly 18% to $14.89.



The company reported <a href="https://www.benzinga.com/markets/earnings/25/11/48912544/gorilla-technology-stock-soars-on-strong-2026-outlook-pipeline-grows-to-7-billion-on-ai-infrastructure-demand">third-quarter revenue</a> of $26.5 million, a 32% increase year-over-year, driven by AI infrastructure and enterprise projects across various regions.



<h2 class="wp-block-heading">Archer Aviation Inc. <a class="ticker-link" data-ticker="ACHR" data-exchange="NYSE" href="https://www.benzinga.com/quote/ACHR" target="_blank" rel="noopener">(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/ACHR">ACHR</a>)</a></h2>



Archer&#8217;s stock fell 5.84% to $7.42, with a high of $7.88 and a low of $7.24. The stock&#8217;s 52-week high is $14.62, and the low is $4.05. The stock spiked over 4% to $7.72 in the after-hours session.



Archer opened a new revenue stream by licensing its proprietary powertrain technology for the first time, expanding its use beyond the Midnight eVTOL. The first recipient is Omen, an autonomous hover-to-cruise aircraft co-developed by Anduril and EDGE Group in the UAE, according to a statement issued by the company. Archer said its vertically integrated U.S. facilities can produce the powertrain at scale while meeting aviation-grade safety and performance standards.



Benzinga's Edge Stock Rankings indicate Nvdia stock has a Value in the 3rd percentile. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Here is how the stock measures up</a> against other tech rivals like AMD.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="441" height="316" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/17195421/Screenshot-2025-11-18-at-9.54.08.png" alt="" class="wp-image-1169476" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/17195421/Screenshot-2025-11-18-at-9.54.08.png 441w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/17195421/Screenshot-2025-11-18-at-9.54.08-300x215.png 300w" sizes="(max-width: 441px) 100vw, 441px" /></a></figure>



Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.



Photo Courtesy: BEST-BACKGROUNDS on Shutterstock.com



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/11/48892733/steve-eisman-disagrees-with-michael-burry-on-ai-depreciation-math-dont-think-his-concerns-matter-that-much">Steve Eisman Disagrees With Michael Burry On AI Depreciation Math: &#8216;Don&#8217;t Think His Concerns Matter That Much&#8217;</a></li>
</ul>



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Nvidia, Dell, Coinbase, Gorilla Technology And Archer Aviation: Why These 5 Stocks Are On Investors' Radars Today

Coinbase Global Inc <a class="ticker-link" data-ticker="COIN" data-exchange="NASDAQ" href="https://www.benzinga.com/quote/COIN" target="_blank" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/COIN">COIN</a>)</a> stock fell sharply Monday, dragged down by a crypto-market crash and broader Wall Street anxiety. The general market is facing its worst weekly slump for tech stocks since April, with investors cautious ahead of new economic data and Nvidia's <a href="https://www.benzinga.com/trading-ideas/previews/25/11/48907509/nvidia-q3-preview-analysts-predict-beat-and-raise-can-jensen-huang-deliver-12th-straight-double-beat">highly anticipated earnings</a>.



<ul class="wp-block-list">
<li>COIN is taking a hit from negative sentiment. <a href="https://www.benzinga.com/quote/COIN" target="_blank" rel="noreferrer noopener">Follow the breaking news here.</a></li>
</ul>



What To Know: The primary driver for Coinbase's decline Monday was a sector-wide decline for digital assets. Bitcoin <a class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/BTC-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a> crashed below the critical $92,000 level, hitting its lowest point in over six months. Ethereum <a class="ticker-link" data-ticker="ETH" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/ETH-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</a> also lost the $3,000 mark, leading a rout that included XRP <a class="ticker-link" data-ticker="XRP" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/XRP-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</a> and Dogecoin <a class="ticker-link" data-ticker="DOGE" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/DOGE-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</a>.



Monday&#8217;s crypto crash is impactful for Coinbase stock because the company's revenue is intrinsically linked to crypto asset prices and trading volume. 



A sudden, steep collapse, which reportedly liquidated <a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48908805/bitcoin-crashes-below-92000-ethereum-loses-3000-as-xrp-dogecoin-get-routed-on-bloody-monday">over 140,900 traders</a>, negatively impacts investor confidence. This triggers fears of a prolonged crypto winter, which could significantly reduce the transaction-fee revenue that Coinbase fundamentally relies on.



The sharp sell-off overshadows several recent positive developments for the company, including a strong <a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/10/48566897/coinbase-jumps-on-big-q3-beat-as-analysts-back-everything-exchange-push">third-quarter earnings beat</a> on its &#8220;Everything Exchange&#8221; strategy, a <a href="https://www.benzinga.com/crypto/25/11/48794984/jp-morgan-rolls-out-jpm-coin-token-to-institutional-clients-via-coinbases-blockchain">new partnership</a> to utilize its blockchain for JPM Coin and the launch of a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48752992/coinbase-brings-back-pre-listing-access-for-tokens-as-coin-targets-369">new pre-listing token</a> access platform.



Benzinga Edge Rankings: Despite the day&#8217;s downturn, <a href="https://www.benzinga.com/pro/register/?gspk=bHVrZWphY29iaTUzNDg&amp;gsxid=XyC9gT66pxxf">Benzinga Edge</a> Rankings highlight the stock&#8217;s exceptionally strong Growth score of 94.98.



<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/17154442/Screenshot-2025-11-17-at-3.44.32%E2%80%AFPM-1024x205.png" alt="" class="wp-image-1169298"/></figure>



COIN Price Action: Coinbase shares were down 7.95% at $261.43 at the time of publication on Monday, <a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">according to Benzinga Pro data</a>.



<h2 class="wp-block-heading">How To Buy COIN Stock</h2>



By now, you're likely curious about how to participate in the market for Coinbase — be it to purchase shares, or even attempt to bet against the company.



Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.



In the case of Coinbase, which is trading at $260.82 at some point on Monday, $100 would buy you 0.38 shares of stock.



If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option or sell a call option at a strike price above where shares are currently trading — either way it allows you to profit from the share price decline.



Read Also: 



 • <a href="https://www.benzinga.com/markets/tech/25/11/48901989/bezos-vs-musk-billionaire-battle-goes-from-space-to-ai-with-new-company">Bezos Vs. Musk: Billionaire Battle Goes From Space To AI With New Company</a>



Image: Shutterstock

Coinbase (COIN) Stock Plunges Amid Crypto Crash

<h2 class="wp-block-heading">Nvidia steps up this week, crypto continues to bleed, and Thursday's BLS report lands right in the middle of it.</h2>



<h2 class="wp-block-heading">Nvidia Reports Wednesday</h2>



All eyes are on Nvidia <a href="https://www.benzinga.com/quote/NVDA" target="_blank" class="ticker-link" data-ticker="NVDA" data-exchange="NASDAQ" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NVDA">NVDA</a>)</a> this Wednesday, easily the most-watched earnings event of the quarter. Datacenter revenue and gross margins will tell the real story, especially after recent volatility in AI-infrastructure names.<a href="https://earningshub.com/?utm_campaign=nvidia-to-report-earnings-on-wednesday&amp;utm_medium=referral&amp;utm_source=marketmadness-newsletter.beehiiv.com" target="_blank" rel="noreferrer noopener"></a>



Analysts are modeling aggressive strength: Wall Street expects 55% YoY datacenter growth and gross margins near 73%, supported by rising ASPs and massive order backlogs that some firms estimate at $500B+ through 2026. With Blackwell and GB200 shipments ramping, guidance is the wildcard… investors want confirmation that hyperscaler demand stays strong into 2025. Any softness in datacenter growth or margins will move the market fast.



<h2 class="wp-block-heading">Crypto in a Bear Market</h2>



Crypto continues to struggle, with Bitcoin <a href="https://www.benzinga.com/quote/BTC-USD" target="_blank" class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a> now at $94k, down 25.5% from its $126,200 all-time high, putting it firmly in a short-term bear phase. Ethereum is showing even sharper weakness, trading around $3,100, down 37.4% from its $4,955 ATH, reflecting tightening liquidity and fading risk appetite across the space.



<figure class="wp-block-image size-full"><img decoding="async" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/11/17204050/image-1.avif" alt="" class="wp-image-22439"/></figure>



The technicals remain soft and traders are staying defensive, but long-term positioning still favors disciplined DCA for those with multi-year horizons. Until Bitcoin reclaims key moving averages, expect choppy action and unreliable rallies throughout the risk-on segments of the market.



<h2 class="wp-block-heading">September BLS Jobs Data Thursday</h2>



This Thursday brings a major macro catalyst: BLS non-farm payrolls and unemployment for September. A print that comes in too weak could spark fresh recession fears and pressure already fragile sentiment.



<figure class="wp-block-image size-full"><img decoding="async" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/11/17204154/image-1-1.avif" alt="" class="wp-image-22440"/></figure>



But if the data comes in in line, it would be a genuine relief for the market, reinforcing stability and boosting confidence in additional rate cuts heading into year-end. A hot print would risk pushing yields higher again, especially with growth and crypto already on shaky footing.



Thanks for reading!



For more updates throughout the week, follow <a href="https://x.com/WOLF_Financial?utm_campaign=nvidia-to-report-earnings-on-wednesday&amp;utm_medium=referral&amp;utm_source=marketmadness-newsletter.beehiiv.com" target="_blank" rel="noreferrer noopener">@WOLF_Financial</a> on X. 



Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

NVIDIA To Report Earnings On Wednesday

Bitcoin and Ethereum have lost key levels, with the crypto downtrend accelerating on Monday.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td><a href="https://www.benzinga.com/quote/BTC" target="_blank" class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a></td><td>$91,746</td></tr><tr><td>Ethereum</td><td><a href="https://www.benzinga.com/quote/ETH" target="_blank" class="ticker-link" data-ticker="ETH" data-exchange="CRYPTO">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</a></td><td>$2,984</td></tr><tr><td>Solana</td><td><a href="https://www.benzinga.com/quote/SOL" target="_blank" class="ticker-link" data-ticker="SOL" data-exchange="CRYPTO">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</a></td><td>$129.8</td></tr><tr><td>XRP</td><td><a href="https://www.benzinga.com/quote/XRP" target="_blank" class="ticker-link" data-ticker="XRP" data-exchange="CRYPTO">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</a></td><td>$2.12</td></tr><tr><td>Dogecoin</td><td><a href="https://www.benzinga.com/quote/DOGE" target="_blank" class="ticker-link" data-ticker="DOGE" data-exchange="CRYPTO">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</a></td><td>$0.1539</td></tr><tr><td>Shiba Inu</td><td><a href="https://www.benzinga.com/quote/SHIB" target="_blank" class="ticker-link" data-ticker="SHIB" data-exchange="CRYPTO">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</a></td><td>$0.058658</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>Coinglass data shows 140,927 traders were liquidated in the past 24 hours for $725.72 million.       </li>



<li>In the past 24 hours, top losers include Decred, Dash and Pump.fun.</li>
</ul>



Notable Developments:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48903388/bmnr-drops-6-but-tom-lee-adamant-crypto-cycle-top-12-36-months-away">BMNR Drops 6%, But Tom Lee Adamant: &#8216;Crypto Cycle Top 12-36 Months Away&#8217;</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48892772/japan-mulls-crypto-reforms-allowing-bank-distribution-and-cutting-tax-rates-report">Japan Mulls Crypto Reforms, Allowing Bank Distribution And Cutting Tax Rates: Report</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48897508/bitcoin-ethereum-xrp-have-wiped-out-1-1-trillion-since-btc-hit-126000">Bitcoin, Ethereum, XRP Have Wiped Out $1.1 Trillion Since BTC Hit $126,000</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48900966/the-real-reason-behind-bitcoins-drop-from-126000-to-95000-in-6-weeks">The Real Reason Behind Bitcoin&#8217;s Drop From $126,000 To $95,000 In 6 Weeks</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48895436/japans-12-figure-fiscal-bazooka-could-lift-bitcoin-but-the-chart-says-not-yet">Japan&#8217;s 12-Figure Fiscal Bazooka Could Lift Bitcoin — But The Chart Says &#8220;Not Yet&#8221;</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48890909/harvard-university-increased-its-bitcoin-ibit-stake-by-257-in-q3-as-good-a-validation-as-an-etf-can-get">Harvard University Increased Its Bitcoin IBIT Stake By 257% In Q3: &#8216;As Good A Validation As An ETF Can Get&#8217;</a></li>
</ul>



Trader Notes: Crypto chart analyst Ali Martinez <a href="https://x.com/ali_charts/status/1990404556455391563">highlighted</a> that Bitcoin's SuperTrend indicator has flipped to a Sell signal, the same setup that preceded a 67% drawdown in the past.



Daan Crypto Trades <a href="https://x.com/DaanCrypto/status/1990486441722581184">pointed</a> out that Bitcoin still has a CME gap near $91,500 and noted that the $90,000 zone for BTC and $2,800 for ETH have consistently acted as key support/resistance levels over the past year.



Nebraskangooner <a href="https://x.com/Nebraskangooner/status/1990453972864540944">called</a> last week's Bitcoin weekly close "ugly," suggesting a likely retest of the $85,000 support after losing the $102,000 level. He added that maybe next time Michael Saylor should wait to buy at support instead of chasing resistance.



Altcoin Sherpa <a href="https://x.com/AltcoinSherpa/status/1990414951857442995">noted</a> that the previous two major BTC pullbacks were roughly 32% from the highs, which would again place Bitcoin around $85,000 if repeated. He emphasized that nothing is structurally broken yet, but traders should take things day by day.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48904470/bitcoin-made-a-death-cross-heres-what-it-really-means">Bitcoin Made A Death Cross — Here&#8217;s What It Really Means</a></li>
</ul>



Image: Shutterstock

Bitcoin Crashes Below $92,000, Ethereum Loses $3,000 As XRP, Dogecoin Get Routed On Bloody Monday

Over the past two weeks, <a href="https://www.benzinga.com/money/privacy-cryptocurrency-coins">privacy coins</a> have made headlines with dramatic price spikes, defying the broader crypto market trend. On Friday, as Bitcoin <a class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/BTC-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a> fell below $100,000, Dash <a class="ticker-link" data-ticker="DASH" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/DASH-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/dash/usd">DASH</a>)</a> was up 12.3%. Dash's price action suggests bullish sentiment remains despite falls from the peak pricing roughly 10 days ago.



The privacy coin rally kicked off in late October led by coins like Zcash <a class="ticker-link" data-ticker="ZEC" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/ZEC-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/zec/usd">ZEC</a>)</a> and Monero <a href="https://www.benzinga.com/quote/XMR-USD" target="_blank" class="ticker-link" data-ticker="XMR" data-exchange="CRYPTO" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xmr/usd">XMR</a>)</a>. Zcash became the <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48570456/zcash-just-did-what-xrp-and-sol-couldnt-whats-behind-the-brutal-828-rally">top privacy coin</a> this month, hitting an all-time-high of around $730 before investors cashed in. Zcash is now trading in the $560-$565 range. The same sell off hit Dash, going from an all-time-high of around $147 on Nov. 4 before investors sold and crashed the price by 50%. 







<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="556" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/11/17164526/DASHUSDT_2025-11-14_10-29-41-1024x556.png" alt="" class="wp-image-22420" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/11/17164526/DASHUSDT_2025-11-14_10-29-41-1024x556.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/11/17164526/DASHUSDT_2025-11-14_10-29-41-300x163.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/11/17164526/DASHUSDT_2025-11-14_10-29-41-768x417.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/11/17164526/DASHUSDT_2025-11-14_10-29-41.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Privacy coins suddenly moved away from Bitcoin in late October. Investors were smart to sell. But now that the rally has cooled, is there a case for a bull market in privacy coins?</figcaption></figure>



Privacy coins obscure sender, receiver, and transaction data, offering anonymity that Bitcoin cannot.



What is it about privacy coins that attracted speculators this month, and will they be coming back?



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
"Institutions cannot and will not move trillions of dollars on-chain using a fully transparent ledger," said Shahaf Bar-Geffen, CEO at COTI Group (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/coti/usd">COTI</a>) in Israel. "They need to protect sensitive data to meet compliance requirements, just as they do in traditional finance. On-chain privacy solutions can solve this problem," he said. "That technology is now possible for the first time, at speed and at scale, and that's why the narrative is trending. It was a seminal moment, the dawn of a new era for finance."
</blockquote>



As blockchain start ups keep popping up and capturing the interest of venture capitalists, one of the themes is the need for privacy-preserving mechanisms to ensure user autonomy and protect against threats like data breaches, theft, and fraud. This is especially true if large corporations are ever going to seriously hop on-chain. COTI plays in this space as an Ethereum Virtual Machine-compatible Layer 2 solution.



Privacy-centric tokens accounted for an unprecedented 6% of all crypto trading volume during the spike.



<a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48631600/forget-bitcoin-ethereum-zec-is-the-only-coin-pumping-and-its-up-150-in-1-month">News and commentary</a> on the rally suggests a few possible factors for the bull run. One theory is a rotation of traders into privacy coins as a sub-sector of the alt-coin market given that the majors – Bitcoin and Ethereum <a href="https://www.benzinga.com/quote/ETH-USD" target="_blank" class="ticker-link" data-ticker="ETH" data-exchange="CRYPTO" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</a> – were expensive and starting to go sideways.



A Galaxy Research<a href="https://www.galaxy.com/insights/research/zcash-price-zec-near-intents-zashi-wallet-privacy-zero-knowledge-proofs" rel="nofollow"> report</a> on Nov. 4 immediately noted ZEC&#8217;s breakout saying, a bit tongue-in-cheek, that "it suddenly feels everyone in crypto is a privacy expert." They said that some 30% of ZEC supply was sitting in shielded pools – a super privacy layer that "shields" private transactions so funds are moved from transparent addresses on a blockchain to shielded ones in order to conceal transaction details. Galaxy cited venture firm a16z&#8217;s <a href="https://a16zcrypto.com/posts/article/state-of-crypto-report-2025/#stablecoins-went-mainstream" rel="nofollow">2025 State of Crypto</a> report, highlighting a spike in Google searches for privacy-related terms in recent months.



Another reason for the spike might be the <a href="https://www.justice.gov/opa/pr/chairman-prince-group-indicted-operating-cambodian-forced-labor-scam-compounds-engaged" rel="nofollow">$15 billion Bitcoin seized</a> from a Cambodian national by the U.S. Department of Justice on Oct. 14 that may have spooked some big Asian accounts. 



For the domestic crypto day trader, technical chart breakouts only added to the justification for a rally.



<h2 class="wp-block-heading">Privacy Coins for Amateurs</h2>



The simplest analogy is to think of Bitcoin as a house made from glass where everything that happens within it is visible to the outside world. It's also subject to <a href="https://www.benzinga.com/content/46816662/arkham-uncovers-3-5b-bitcoin-theft-from-chinese-mining-pool-stolen-in-2020-largest-theft-ever">hackers and theft.</a> That's the transparent nature of transactions on a Bitcoin ledger. Basic privacy tokens turn that glass house into a brick house, said Bar-Geffen, adding that no one will know who is inside that house, let alone who owns it.&nbsp;



But now privacy protocols and their tokens have gotten an upgrade. Programmable Privacy protocols allow people to keep their brick house, but they can invite in who they like without uninvited guests. "That's the standard that we have come to expect in our daily lives and now we can have it on-chain," Bar-Geffen said.



Renewed interest in privacy comes from increasing threats around the world to peoples' rights to confidentiality, as well as increasing awareness of data leaks and hacks leading to stolen money.&nbsp;



New legal certainty in the U.S. may have also had an effect where now users feel less afraid to hold and use privacy-enhancing cryptocurrencies, said Joel Valenzuela, Dash DAO <a href="https://www.benzinga.com/quote/DASH-USD" target="_blank" class="ticker-link" data-ticker="DASH" data-exchange="CRYPTO" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/dash/usd">DASH</a>)</a> core member. 



<h2 class="wp-block-heading">Risks &amp; Rewards</h2>



For some on Capitol Hill, privacy coins are for tax evasion.&nbsp;



"If you intend to operate legally, then privacy doesn&#8217;t really confer any tax benefits specifically anyway," said Valenzuela. "If hiding your money from the government is considered a tax benefit then maybe it is good for that, but I wouldn&#8217;t recommend that course of action as an investor," he said.



Many jurisdictions have scrutinized or even banned privacy coins on exchanges due to money-laundering concerns.<a href="https://www.justice.gov/opa/pr/chairman-prince-group-indicted-operating-cambodian-forced-labor-scam-compounds-engaged" rel="nofollow"> South Korea</a> and Australia have all restricted them on exchanges. New anti-money laundering laws in the EU will no longer allow<a href="https://www.altrady.com/exchanges" rel="nofollow"> crypto exchanges</a> and custodial services to list or hold privacy coins beginning in July 2027. 



In the U.S., privacy coins remain legal to hold and use, but they face the same compliance requirements as other crypto, and exchanges have to implement know your customer and anti-money launder procedures which can limit listing. For example, Coinbase does not offer Monero, but it does offer Zcash and Dash.&nbsp;



Long-term adoption may be constrained by regulatory and liquidity challenges.



"I think the market is recognizing that the recent out-performance of tokens in this sector is more than a passing trend," said COTI's Bar-Geffen. "There is every reason to look deeper at the real progress happening at the protocol level and to note that the privacy coins of early blockchain days are not where the real frontier of innovation is. Enterprises have been waiting for the infrastructure to handle confidential data for more complex use cases such as DeFi and tokenizing real world assets. It's possible to do that now."



Disclosure: The writer of this article owns Bitcoin and Ethereum.



Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

Privacy Coins Surge, Crash, And Reset. Does Zcash Bull Run Signal Use Case Building For On-Chain Anonymity?

HIVE Digital Technologies Ltd <a target="_blank" href="https://www.benzinga.com/quote/HIVE" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/HIVE" target="_blank" class="ticker-link" data-ticker="HIVE" data-exchange="NASDAQ" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/HIVE">HIVE</a>)</a> posted a sharp upside surprise in its latest quarter, as stronger-than-expected Bitcoin production and expanding margins signaled renewed momentum across its core mining operations.



The results underscore how the company&#8217;s rapid capacity buildout is driving meaningful operating leverage, even as its emerging HPC segment prepares for a larger scale-up in the year ahead.



Following the results, Rosenblatt analyst Chris Brendler reiterated a Buy rating for HIVE Digital Technologies <a target="_blank" href="https://www.benzinga.com/quote/HIVE/analyst-ratings" rel="noreferrer noopener">with a price forecast of $10</a>.



<h2 class="wp-block-heading">Earnings Snapshot</h2>



On Monday, HIVE Digital Technologies reported second-quarter fiscal 2026 EPS loss of 7 cents, missing consensus EPS of one cent, and revenue of $87.3 million exceeded expectations of<a target="_blank" href="https://www.benzinga.com/pressreleases/25/11/48893463/retransmission-hive-delivers-record-q2-with-285-revenue-growth-as-bitcoin-production-and-buzz-hpc-h" rel="noreferrer noopener"> $80.76 million (+285% year over year).</a>



<h2 class="wp-block-heading">Analyst&#8217;s View</h2>



The analyst writes that HIVE&#8217;s second-quarter fiscal 2026 results exceeded expectations, with a strong revenue beat and notable gross margin expansion.



In particular, the revenue surpassed the analyst&#8217;s estimate of $80.2 million, and gross margins of 49% were far above their 32% forecast, driving adjusted gross profit of $42.4 million, substantially higher than the analyst&#8217;s estimate of $25.5 million.



While HPC revenue slightly missed estimates, upcoming HPC investments are expected to drive future growth, adds the analyst.



Brendler writes that Bitcoin mining revenue reached $82.1 million (versus the analyst estimate of $74.3 million) due to higher BTC mined (718 versus the estimated 649). The Paraguay expansion, ahead of schedule, lifted gross margins by reducing hash costs, with further margin gains expected in fiscal 2027, adds the analyst.



Meanwhile, the analyst says that HIVE&#8217;s cloud HPC revenue came in slightly below analyst expectations at $5.2 million (versus $6.0 million forecast), though gross margins improved to 61.6% (versus 56.7% estimated).



Brendler expects management&#8217;s fiscal 2026 HPC growth target of $100 million ARR to be a key discussion point on the conference call.



Price Action: HIVE shares were trading higher by 7.70% to $3.56 at last check Monday.



Read Next:



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Image via Shutterstock

Why Is HIVE Digital Technologies Stock Soaring Monday?

The White House is weighing a proposal that could give the IRS direct visibility into Americans' offshore crypto accounts, signaling the biggest shift in U.S. digital-asset <a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48812509/sec-chair-paul-atkins-outlines-token-taxonomy-plan-in-effort-to-clarify-crypto-regulation">oversight in years</a>.



<h3 class="wp-block-heading">Administration Evaluates U.S. Entry Into Global Crypto-Reporting Pact</h3>



The proposal, as reported first by Decrypto on Monday, <a href="https://decrypt.co/348926/white-house-reviews-proposed-irs-rule-tax-americans-foreign-crypto">involves</a> joining the Crypto-Asset Reporting Framework, a system created by the OECD in 2022.



CARF requires participating nations to automatically share information about citizens' cryptocurrency holdings.



It is designed to curb offshore tax evasion and improve global transparency.



Most G7 nations have already adopted the framework, including Japan, Germany, France, Canada, Italy, and the United Kingdom.



Crypto hubs such as Singapore, the UAE and the Bahamas are also members.



The United States is one of the few major financial centers not yet committed to the system.



Earlier this year, the Trump administration urged Treasury and the IRS to pursue the policy to strengthen transparency.



<h3 class="wp-block-heading">Advisors Say CARF May Deter Offshore Crypto Transfers</h3>



White House advisors said CARF participation would discourage Americans from moving digital assets offshore.



They argued that automatic reporting would reduce incentives for taxpayers to maintain undeclared foreign accounts.



The administration also said joining CARF would prevent American exchanges from being disadvantaged against compliant foreign competitors.



The policy report instructed Treasury and the IRS to draft rules for U.S. implementation.



It also stated that new regulations "should not impose any new reporting requirements on DeFi transactions," reflecting industry concerns about excessive oversight.



<h3 class="wp-block-heading">IRS Access To Foreign Wallet Data May Arrive In 2027</h3>



Global CARF implementation begins in 2027, giving member nations time to finalize compliance rules and build cross-border data systems.



If approved, the United States would coordinate with many jurisdictions on shared tax-reporting standards for digital assets.



The review is a major regulatory move in the administration's second term and aligns with broader federal crypto oversight efforts.



SEC Chair Paul Atkins recently outlined narrow conditions under which some tokens may be treated as securities, underscoring a more targeted regulatory approach.



<h3 class="wp-block-heading">Why It Matters</h3>



Global crypto reporting is entering a phase where privacy, sovereignty and tax enforcement collide at a scale the market has never confronted.



If the U.S. joins CARF, exchanges in Singapore, the UAE, and the Bahamas would automatically send wallet and transaction data on American users back to Washington.



That would turn offshore wallets into transparent, reportable accounts overnight, closing a loophole traders have relied on for more than a decade.



It also signals that crypto is moving into the same compliance universe as traditional banking, with cross-border transparency replacing jurisdictional arbitrage.



For investors, it marks the start of a world where moving assets abroad may no longer remove them from the IRS's line of sight.



Read Next: 



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Image: Shutterstock

White House Muses Giving The IRS Insight Into Offshore Holdings Of US Citizens

Bit Digital, Inc. <a target="_blank" href="https://www.benzinga.com/quote/BTBT" rel="noreferrer noopener"><a href="https://www.benzinga.com/quote/BTBT" target="_blank" class="ticker-link" data-ticker="BTBT" data-exchange="NASDAQ" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/BTBT">BTBT</a>)</a></a> signaled a decisive shift in its business model after a surge in Ethereum <a target="_blank" href="https://www.benzinga.com/quote/ETH-USD" rel="noreferrer noopener"><a href="https://www.benzinga.com/quote/ETH-USD" target="_blank" class="ticker-link" data-ticker="ETH" data-exchange="CRYPTO" rel="noopener">(CRYPTO: ETH/USD)</a></a> staking rewards fueled stronger third-quarter revenue, underscoring the company&#8217;s accelerating pivot away from Bitcoin <a target="_blank" href="https://www.benzinga.com/quote/BTC-USD" rel="noreferrer noopener"><a href="https://www.benzinga.com/quote/BTC-USD" target="_blank" class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO" rel="noopener">(CRYPTO: BTC/USD)</a></a> mining and toward building a large, yield-generating ETH treasury.



H.C. Wainwright &amp; Co. analyst Kevin Dede maintains his Buy <a target="_blank" href="https://www.benzinga.com/quote/BTBT/analyst-ratings" rel="noreferrer noopener">rating</a> and $7 price forecast on Bit Digital, asserting that the company&#8217;s third-quarter 2025 results provide additional support for his positive long-term view of the business.



Dede highlights that Bit Digital&#8217;s ~70% stake in WhiteFiber Inc. <a target="_blank" href="https://www.benzinga.com/quote/WYFI" rel="noreferrer noopener"><a href="https://www.benzinga.com/quote/WYFI" target="_blank" class="ticker-link" data-ticker="WYFI" data-exchange="NASDAQ" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/WYFI">WYFI</a>)</a></a> continued to boost consolidated performance, with <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/11/48866531/bit-digital-stock-slides-as-crypto-markets-unravel" rel="noreferrer noopener">revenue</a> rising to $30.5 million and ETH staking rewards jumping to $2.9 million from $0.4 million in the second quarter, driven by ETH holdings growing to ~122,127 ETH.



Also Read: <a target="_blank" href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48890428/bitcoin-ethereum-dogecoin-dip-while-xrp-ticks-up-analyst-assumes-btc-will-test-new-lows-in-upcoming-week" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Dip, While XRP Ticks Up: Analyst Assumes BTC Will Test New Lows In Upcoming Week</a>



The analyst estimates that average quarterly holdings of ~76,425 ETH imply a ~1% yield, though he notes the company cited closer to 3% on its earnings call.



By Oct. 30, Bit Digital&#8217;s ETH treasury reached ~153,547 ETH valued at ~$486 million, and Dede argues the company&#8217;s ~$775 million market cap undervalues the combined worth of its ETH holdings and its WhiteFiber stake (~$483 million).



Dede models staking revenue conservatively, assuming rewards are reinvested into validator nodes under a flat ETH price. He points out that Bit Digital has not committed to running its own validators—an operational shift he believes could increase returns by ~100 basis points.



On the Bitcoin mining side, the analyst forecasts fleet capacity declining from ~1.9 EH/s to ~1.2 EH/s by mid-2026, which drives his expectation for lower mining revenue next year.



He simultaneously raises his WhiteFiber revenue estimates, increasing fiscal 2026 to $252.1 million (from $208.0 million) and fiscal 2025 to $112.6 million, both reflected in Bit Digital&#8217;s consolidated outlook.



Dede&#8217;s thesis centers on Bit Digital&#8217;s expanding ETH treasury strategy, WhiteFiber&#8217;s HPC-AI positioning, and financial flexibility supported by its approximately $135 million unsecured convertible, while noting risks including crypto-market volatility, dilution, competitive mining pressure, and governance concerns.



Price Action: BTBT shares were trading lower by 5.19% to $2.285 at last check Monday.



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Photo by alfernec via Shutterstock

Bit Digital Bets Big On ETH Staking As Mining Plans Fade

XRP's <a class="ticker-link" data-ticker="XRP" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/XRP-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</a> may be poised for a reversal after a 14% weekly drop, with November shaping up to deliver a wave of new spot XRP ETFs that could pull in <a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48861981/xrp-etf-crowned-2025s-biggest-crypto-etf-debut-with-250m-inflows">fresh institutional capital</a>.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td><td>Market Cap</td><td>7-Day Trend</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.17</td><td>$130.7 billion</td><td>-15.1%</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$92,976.94</td><td>$1.85 trillion&nbsp;</td><td>-12%&nbsp;</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$3,069.94</td><td>$370.5 billion&nbsp;</td><td>-13.4%&nbsp;</td></tr></tbody></table></figure>



Trader Notes: Crypto chart analyst Ali Martinez says XRP holding above $2.15 would keep a bullish setup intact, opening the door to a rally toward $2.40–$2.70.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">$2.15 is the line in the sand for <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a>. Hold it, and a move to $2.40–$2.70 becomes likely. <a href="https://t.co/u3FTOlNE1F">pic.twitter.com/u3FTOlNE1F</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1990374103337881987?ref_src=twsrc%5Etfw">November 17, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Statistics: Coin Bureau <a href="https://x.com/coinbureau/status/1990390210228637823">reports</a> XRP whales dumped 200 million XRP in the first 48 hours after ETF debut, contributing to the price slide even as inflows remained strong.



Data from SoSoSo shows the new XRP spot ETF attracted $243.05 million in net inflows as of Nov. 14.



Community News: Major issuers including Franklin Templeton, Grayscale, and 21Shares now have XRP ETFs listed in Depository Trust and Clearing Company's pipeline. 



The website describes the products as "pre-launch" and "not yet" active.



Bitget's chief analyst Ryan Lee <a href="https://www.dlnews.com/articles/markets/xrp-price-is-seen-to-surge-21-percent-on-the-back-of-etf-launch/">told</a> DL News he expects XRP could spike to $2.75, fuelled by cross-border liquidity, ETF momentum, and growing stablecoin-related demand.



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Image: Shutterstock

XRP Crashes 15% In A Week But Spot ETF Launches Mean $2.70 Could Come Soon

Dogecoin <a class="ticker-link" data-ticker="DOGE" data-exchange="CRYPTO" href="https://www.benzinga.com/quote/DOGE-USD" target="_blank" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</a> is down below 16 cents on Monday, returning to a rising 300-day trendline that has supported every major rebound this year.



<h3 class="wp-block-heading">Dogecoin Retests A Year-Long Support Band</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="718" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/17122415/doge-17th-nov-bz-pa-1024x718.png" alt="" class="wp-image-1169046" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/17122415/doge-17th-nov-bz-pa-1024x718.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/17122415/doge-17th-nov-bz-pa-300x210.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/17122415/doge-17th-nov-bz-pa-768x538.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/17122415/doge-17th-nov-bz-pa-1536x1076.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/17122415/doge-17th-nov-bz-pa.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://in.tradingview.com/symbols/DOGEUSD/">DOGE Price Action (Source: TradingView)</a>



Dogecoin&#8217;s price is holding just above the rising support that has generated every major rally since February. 



The $0.145 to $0.150 area has consistently acted as a demand zone, absorbing sell pressure during each retest and helping fuel recoveries toward mid-range levels.



The current test comes as broader crypto sentiment remains weak, with Shiba Inu <a href="https://www.benzinga.com/quote/SHIB-USD" target="_blank" class="ticker-link" data-ticker="SHIB" data-exchange="CRYPTO" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</a> trading near $0.0000089 after repeated failures at intraday resistance and XRP <a href="https://www.benzinga.com/quote/XRP-USD" target="_blank" class="ticker-link" data-ticker="XRP" data-exchange="CRYPTO" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</a> hovering around $2.18 as it slips back under a key intraday trendline.&nbsp;



Bitcoin <a href="https://www.benzinga.com/quote/BTC-USD" target="_blank" class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a> also remains under pressure near $93,500, keeping risk appetite muted across the market.



The long-term trendline has never broken during the past 300 days, making it one of the most respected levels among high-liquidity altcoins.



<h3 class="wp-block-heading">Daily Chart Shows Heavy EMA Pressure</h3>



The daily structure shows Dogecoin consolidating between the long-term support floor and overhead moving averages.&nbsp;



The 50-day EMA near $0.19 and the 200-day EMA near $0.21 continue to act as layers of resistance.&nbsp;



Until DOGE closes above the descending trendline around $0.175, momentum will remain limited.



The significance of the rising support remains clear.&nbsp;



The token has tapped this level several times this year without a confirmed breakdown, and each touch has sparked immediate buying.&nbsp;



The latest wick into the zone once again attracted demand, reinforcing the narrative that buyers continue to defend the long-term base.



<h3 class="wp-block-heading">Short-Term Range Caps Momentum</h3>



<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/17122327/image-389-1024x247.png" alt="" class="wp-image-1169044"/></figure>



<a href="https://in.tradingview.com/symbols/DOGEUSD/">DOGE Short-Term Price Dynamics (Source: TradingView)</a>



On the 30-minute chart, DOGE has traded inside a narrow rectangle between $0.155 and $0.165, with repeated failures at the upper boundary.&nbsp;



The Supertrend indicator remains bearish, and volatility has compressed to its lowest level in weeks.



RSI sits near 50, signaling indecision rather than momentum exhaustion.&nbsp;



This sideways action mirrors the daily squeeze, hinting that a breakout is building but has yet to find a catalyst.



<h3 class="wp-block-heading">Exchange Flows Show Persistent Outflows</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="247" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/17122327/image-389-1024x247.png" alt="" class="wp-image-1169043" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/17122327/image-389-1024x247.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/17122327/image-389-300x72.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/17122327/image-389-768x185.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/17122327/image-389-1536x370.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/17122327/image-389.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://www.coinglass.com/currencies/DOGE/spot">DOGE Netflows (Source: Coinglass)</a>



Coinglass data shows continued negative netflows throughout November, including a $21.3 million outflow on Nov. 17. 



Traders have been sending DOGE off exchanges, which typically reduces available liquidity and can limit upside reactions.



Outflows can sometimes signal accumulation, but in Dogecoin's case they align with risk-off positioning across major altcoins.&nbsp;



<h3 class="wp-block-heading">Why It Matters For Investors</h3>



Dogecoin is now at one of the most important convergence zones on its chart: a 300-day rising trendline meeting a multi-week descending ceiling.&nbsp;



Breaks from these types of structures tend to be fast and decisive.



A daily close above $0.175 would unlock the next liquidity pocket toward $0.21 at the 200-day EMA.&nbsp;



Historically, Dogecoin accelerates when that level flips to support.&nbsp;



If the breakout holds, the path toward the $0.28 to $0.35 range becomes technically supported by the measured move of the year-long structure.



The downside is equally clear.&nbsp;



A confirmed close below the rising support near $0.145 would invalidate the bullish base that has carried Dogecoin throughout 2025 and expose the $0.13 zone.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48904470/bitcoin-made-a-death-cross-heres-what-it-really-means">Bitcoin Made A Death Cross — Here&#8217;s What It Really Means</a></li>
</ul>



Image: Shutterstock

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