Bitcoin Updates: As Crypto Markets Waver, Founder’s BTC Acquisition Reflects Enduring Confidence

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Bitcoin Updates: As Crypto Markets Waver, Founder’s BTC Acquisition Reflects Enduring Confidence

Bitget-RWA2025/11/16 07:10

By:Bitget-RWA

- Cryptocurrency markets fell for a third day, with Bitcoin dropping below $100,000, erasing $130B in value as panic spread. - Equation founder's BTC purchase signaled long-term confidence despite bearish sentiment and a "consolidation limbo" trapping Bitcoin. - Macroeconomic uncertainty from the U.S. government shutdown and $1B in liquidations worsened the selloff, while the Crypto Fear and Greed Index hit "Extreme Fear." - Institutional interest in crypto products like Canary XRPC ETF and decentralized p

The cryptocurrency sector continued its downward trend for the third straight day on Nov. 14, with

Bitcoin

(BTC) slipping beneath the crucial $100,000 psychological threshold, sparking widespread anxiety among market participants. The overall crypto market capitalization

fell by 3.8% to $3.42 trillion

, wiping out close to $130 billion in value in just one day. Amid the volatility, the founder of Equation, a notable figure in the industry,

revealed he had acquired additional BTC

for long-term holding, demonstrating faith in the asset’s future rebound despite prevailing bearishness.

Macroeconomic instability has intensified the market’s slide,

lingering after the most prolonged U.S. government shutdown

, which postponed vital economic reports and stalled regulatory activities essential for investor trust. More than $1 billion in liquidations,

mostly from long positions

, added to the downward pressure.

Bitcoin Updates: As Crypto Markets Waver, Founder’s BTC Acquisition Reflects Enduring Confidence image 0

Bitcoin’s lowest point during the day was $97,117, representing a drop of nearly 9.1% from its Nov. 11 peak, while

Ethereum

(ETH) tumbled 8.6% to $3,176.

Glassnode analysts pointed out

that the ongoing bearish phase is due to a “consolidation limbo,” with Bitcoin stuck between exhausted sellers and a dense supply zone from $106,000 to $118,000, forming a natural resistance barrier.

Even with the steep decline, the Equation founder’s decision to buy more BTC highlights a conviction in the asset’s durability over the long term. “For those looking several years ahead, this presents a buying window,” the founder commented, though specifics about the purchase were not

made public

. The Crypto Fear and Greed Index,

a popular gauge of market sentiment

, stayed in the “Extreme Fear” range at 16, indicating widespread investor caution.

The bearish trend has also revived debates about institutional-level crypto offerings. The Canary XRPC ETF’s historic launch—with $58 million traded on its first day and $245 million in inflows—

has sparked renewed interest

in a possible BlackRock XRP ETF, especially as Ripple expands into regulated markets. At the same time, decentralized science initiatives such as Ideosphere and

Bio Protocol

are continuing to secure investments

, using blockchain to develop prediction markets for early-stage scientific research.

Separately, Web3 gaming company Kamirai introduced its Kamirex Exchange, a high-speed decentralized exchange (DEX) aimed at solving liquidity challenges in Asian markets. The project’s token generation event (TGE) has already attracted notable interest, reflecting growing enthusiasm for crypto ventures with real-world applications.

As the market navigates this latest slump, the combined effects of global economic challenges, institutional engagement, and technological progress are expected to influence the direction of crypto assets in the near future.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitget-RWA•2025/11/16 10:28

Astar (ASTR) Price Rally: Cross-Chain Compatibility Fuels Altcoin Value Growth

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Bitget-RWA•2025/11/16 10:28

Astar 2.0 Debut and Its Impact on the Blockchain Landscape

ZEC rises 6.03% following the launch of a privacy-focused treasury

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Bitget-RWA•2025/11/16 10:24

Vitalik Buterin Backs ZKsync: Is This the Next Era for Layer 2 Expansion?

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Bitget-RWA•2025/11/16 10:12