Bitcoin, Crypto
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November keeps getting worse for Bitcoin and friends. On Nov. 18, Bitcoin (BTC) dropped below $90,000 after a death cross formation, and was trading at $89,426 before climbing back up. This was the lowest level it had dipped to since April.
If history is any guide, it makes sense to buy the dip on Bitcoin. That's because, for much of the past decade, Bitcoin has been on a clear upward trajectory. Just 10 years ago, Bitcoin traded for $400. Today, it trades for $105,000.
The Bitcoin price slid below $90K even as Strategy bought $835 million BTC and Cameron Winklevoss said it's the last chance to buy cheap.
If liquidity improves as forecast, ARK expects continued accumulation by ETFs and corporations to outweigh early-adopter selling pressure. That trend could sustain the current bull cycle into 2026, with institutional adoption acting as a buffer against profit-taking by long-term holders.
Bitcoin holds rebound potential at $82K–$89K despite market fear, as Spot investors post the year’s largest Monday buy. On-chain metrics highlight $89,400 and $82,400 as key support zones that could trigger a rebound. Yes—Spot retail investors bought $668 million on Monday, the largest single-day buy of the year.
Standard Chartered’s Geoffrey Kendrick says bitcoin’s steep decline is part of a recurring pattern, with a rebound into year-end in his base case.
Bitcoin's supply schedule means that fewer and fewer coins are mined over time, which, in the long run, generates scarcity that biases prices to the upside. Scarcity does not guarantee higher prices next week. But it does tighten the spigot over a multiyear time frame.
El Salvador just spent $100 million on over 1000 bitcoin as the country presses ahead with its aggressive Bitcoin accumulation strategy.
Famed Bitcoin (BTCUSD) enthusiast Michael Saylor has long touted the world's largest cryptocurrency as the best investment of our era. His leadership of Strategy (MSTR), formerly MicroStrategy, has resulted in a marked shift from the company's previous core focus (the software industry) to becoming a fully entrenched Bitcoin treasury company.