The Bitcoin Street Journal Market Update

Your 60-second Bitcoin news flash from The Bitcoin Street Journal. Bitcoin is sliding hard, down near five percent today to sixty-five thousand three hundred dollars, now off almost fourteen percent this past week. The big headline: Deutsche Bank just opened crypto custody to European clients, a major institutional vote of confidence even as prices crash. Fear and Greed is reading just thirteen — that's Extreme Fear, one of the lowest readings we've seen all year. Ethereum isn't spared either, down near five percent to eighteen hundred dollars. A single whale just pulled more than one hundred fifteen million dollars off Binance, scooping up Bitcoin on the dip. Analysts are watching sixty thousand as the next line in the sand if selling continues.More at https://thebitcoinstreetjournal.comGeneral information only, not investment advice.

Friday Evening Edition: October's producer price report comes in a tenth cooler than forecast, the odds of a half-point Fed hike in December fall, and Bitcoin tests its 200-week moving average for the first time since August. Plus Jane Street and JPMorgan add Bitcoin ETFs, and Coinbase and Kraken report.THE MARKET TODAY- Bitcoin: $68,891, down 4.2% in 24 hours (range $67,922 to $71,690); down 9.0% on the week, 15.5% on the month- Ether: $1,940, down 3.9%- Total crypto market: about $2.35 trillion, down 5.7%; Bitcoin dominance 59.0%- Fear and Greed: 20, Extreme Fear all day- Bitcoin is about 45% below its $126,080 all-time highINFLATION CHECK- Cointelegraph: October PPI up 0.3% on the month and 6.5% on the year, both 0.1 point under forecasts, but the biggest annual rise since November 2022- S&P 500 down 1.2%, Nasdaq down 1.5%- CME FedWatch: odds of a quarter-point December hike rise to 89.7%; half-point odds fall to 10.3%- CoinDesk: Bitcoin heads for a sixth straight weekly loss, down 21% this year, as Anthropic's IPO approachesTHE LINE IN THE SAND- Cointelegraph: Bitcoin dips to about $67,500 and below its 200-week moving average, the first test since August 19- Keith Alan (Material Indicators): losing 41.5 on weekly RSI opens a retest of the $57.7K cycle low- U.Today: Vetle Lunde says daily RSI at 25 is oversold and 2x leveraged ETF exposure is at a 2.5-year lowFOLLOW THE BIG MONEY- Cointelegraph: Jane Street grows its Fidelity Bitcoin ETF stake nearly 8x to 7.01M shares, trims BlackRock's IBIT 19%, adds about $249M of ARKB- JPMorgan lifts IBIT holdings 9.6% to about $540M; The Block says its Strategy shares rose 36%- U.Today: Rakuten holds Bitwise's XRP ETF- The Block: Twenty One Capital posts $1.09B Q3 net income on Bitcoin gainsEXCHANGE REPORT CARD- Brian Armstrong: more than 99% of Coinbase crypto is in cold storage, AI agents could move $3T to $5T by 2030, and Coinbase Pro is coming back- The Block: Kraken parent Payward's adjusted EBITDA falls 66% to $60M, funded accounts up 37%, US prediction markets planned- U.Today: Coinbase suspends 12 trading pairs on November 25 around noon ET, including ADA-ETH, XLM-BTC and ETC-BTC; USD books stay openLIGHTNING ROUND- Senate Banking moves to set a hearing on the SEC nominees as soon as next week- DOJ and CFTC sue Arkansas to block its action against Kalshi- Hyperliquid passes Bybit, Kraken and OKX with 11.7% of open interest- Stellar leads daily tokenized fund growth; its RWA market reaches $5BNOSTR DESK- AI agents and zaps: Lightning payments on Nostr notes, and streaming sats to the show in FountainON THE SITE TODAY- Digital Asset Market Dashboard: rates, the dollar and crypto side by side- Crypto Glossary: RSI and moving averages explained- Top 100 rankings and Tokenized Stock Sectors- RWA Markets: follow the tokenized asset raceADVERTISEReach readers who do their research on the weekend. Site banners, daily newsletter sponsorships, podcast reads and posts to our Nostr followers, combined into custom packages. thebitcoinstreetjournal.com/advertiseLISTEN ANYWHEREApple Podcasts, Spotify, Pandora, iHeartRadio, Fountain, Pocket Casts, Podcast Addict, and The Bitcoin Street Journal on YouTube. All links: thebitcoinstreetjournal.com/podcast/Follow, rate and share.General information only, not investment advice.

Your 60-second Bitcoin news flash from The Bitcoin Street Journal. Bitcoin just slid to sixty eight thousand two hundred dollars, down four and a half percent in the last twenty four hours. Top story: Blockstream and Thales just launched a new Bitcoin custody system built around offline signing, with co-founder Adam Back pushing for simpler institutional security. The Fear and Greed Index is stuck at twenty — that's Extreme Fear. Ethereum isn't spared either, down to around nineteen hundred dollars. Total crypto market cap has slipped to two point three trillion. Despite the panic, bulls like Bill Miller the Fourth say Bitcoin's scarcity still beats gold long term.More at https://thebitcoinstreetjournal.comGeneral information only, not investment advice.

Your 60-second Bitcoin news flash from The Bitcoin Street Journal. Bitcoin just hit a twelve-week low, sliding to sixty-eight thousand nine hundred dollars, down over four percent today and nine percent this week. It ranged from seventy-one thousand seven hundred down to sixty-seven thousand nine hundred in just twenty-four hours. The culprit: Fed rate fears are wiping out most of the summer rally, according to Decrypt. Fear and Greed just crashed to twenty — that's Extreme Fear, folks. Ethereum's sliding too, down near nineteen hundred dollars. Total crypto market cap? Down to two point three five trillion, off nearly six percent in a day. Bitcoin's dominance holds near fifty-nine percent, but nobody's celebrating that right now.More at https://thebitcoinstreetjournal.comGeneral information only, not investment advice.

Your 60-second Bitcoin news flash from The Bitcoin Street Journal. Bitcoin just got hammered, sliding to sixty-eight thousand five hundred dollars, down nearly four percent in the last twenty-four hours alone. The big story: spot Bitcoin ETFs just posted their sixth straight day of outflows, bleeding two hundred eighty-four million dollars in a single session. That's real money walking out the door, and it's dragging sentiment lower. The Fear and Greed Index is sitting at twenty — that's Extreme Fear, folks. Ethereum isn't spared either, down near nineteen hundred dollars, off almost four percent. Total crypto market cap has shed over five percent today, now hovering around two point three trillion dollars.More at https://thebitcoinstreetjournal.comGeneral information only, not investment advice.

Friday the 13th Morning Edition: the White House names four new picks for the SEC and CFTC, including Steven Levine for Hester Peirce's old seat. Bitcoin slips below $70,000, Fear and Greed drops to Extreme Fear, and two treasury companies show how fast borrowed money turns into pressure.THE MARKET TODAY- Bitcoin: $69,058, down 6.1% in 24 hours (range $67,922 to $73,602); down 8.7% on the week, 17.2% on the month- Ether: $1,942, down about 5%- Total crypto market: about $2.34 trillion, down 7.1%; Bitcoin dominance 59.0%- Fear and Greed: 20, Extreme Fear (from 28)- Bitcoin is about 45% below its $126,080 all-time highNEW REFEREES- Cointelegraph: Trump nominates Steven Levine to replace Hester Peirce at the SEC, and former CFTC commissioner Kristin Johnson for the seat held by Caroline Crenshaw- The SEC has two of five seats filled; CFTC Chairman Michael Selig sits alone- Democrats take the Senate in January, so the confirmation window is narrowUNDER SEVENTY- The Block: $798M liquidated in four hours, $718.5M of it longs- CoinDesk: dollar index at a 19-month high; spot Bitcoin ETFs now down over $1.5B in net outflows for the yearDEBT COMES DUE- CoinDesk: Nakamoto owes Kraken $165M, more than its market value, with about 70% of its coins pledged- CoinDesk: BTCS sold ether at a loss to protect a $64M Aave loan- CoinDesk: SpaceX-Tesla merger talks put about 30,000 BTC in focusBUILDING THROUGH THE STORM- U.Today: Ripple's RLUSD passes PayPal's PYUSD at $2.71B- The Block: TRM Labs launches a service to help police seize stolen crypto in minutes- DOJ moves to seize $1.2B stolen from Binance and takes down the FaceStealer deepfake scam- U.Today: two Satoshi-era addresses holding 100 BTC wake up after 16 yearsSPEED ROUND- XRP Ledger upgrade on December 3 with a fix for slow ledger closures- Gemini trading volume down 73%, Q3 revenue $41M- Louisiana sues Kalshi, Robinhood and other prediction markets- Maple Finance co-founder and COO departNOSTR DESK- Lessons from 16-year-old coins: your Nostr key is your identity, so back it up offline and plan who can find itON THE SITE TODAY- News Explorer: follow the SEC and CFTC confirmation hearings- Top Gainers and Losers: see which coins held up in the sell-off- Digital Asset Treasury Tracker: who's holding, who's borrowing, who's selling- Bitcoin Guides: the early days of Bitcoin, explainedADVERTISEReach readers who check the news before the market opens. Site-wide display, daily newsletter sponsorships, sponsor reads on this podcast and posts to our Nostr followers, bundled into custom packages. thebitcoinstreetjournal.com/advertiseLISTEN ANYWHERESpotify, Apple Podcasts, Pandora, iHeartRadio, Fountain, Pocket Casts, Podcast Addict, and The Bitcoin Street Journal on YouTube. All links: thebitcoinstreetjournal.com/podcast/Follow, rate and share.General information only, not investment advice.

Your 60-second Bitcoin news flash from The Bitcoin Street Journal. Bitcoin's sitting at seventy-one thousand four hundred dollars right now, down nearly four percent on the day and down almost six percent for the week. Top story: chip giant TSMC just confirmed a data breach, and the hacker behind it is demanding two hundred fifteen thousand dollars in Bitcoin. That's old-school ransomware dragging crypto straight back into the headlines right as the broader market wobbles under pressure. Fear and Greed just slid to twenty-eight — straight into Fear territory. And Ethereum's not catching a break either, sliding under two thousand dollars, now trading around two thousand flat.More at https://thebitcoinstreetjournal.comGeneral information only, not investment advice.

Jensen Huang quit Nvidia, the company he co-founded and led for three decades, and the shock rolled straight into crypto. Bitcoin slid to a 12-week low near $71,200 as $750 million in leveraged positions were wiped out. Anna explains why the leverage, not long-term holders, took the hit, what a fully priced December rate hike means, and why Visa plugging a Western Union stablecoin into its network may matter more than today's red candles.THE MARKET TODAYBitcoin: $71,906, down 3.4% in 24 hours (range $71,238 to $74,695); down 5.1% in 7 days and 13.4% in 30 days. Ether: $2,018, down 3.3%. Total crypto market: about $2.42 trillion, down 5.7%. Bitcoin dominance: 59.6%. Fear and Greed: 28 (Fear). Bitcoin sits about 43% below its $126,080 all-time high.IN THIS EPISODE- The founder walks: Huang resigns as Nvidia CEO, CFO Colette Kress named interim chief (CoinDesk, Decrypt). Bitcoin hits its lowest level since Aug. 20 with $750M liquidated (The Block, Cointelegraph). AMD and Broadcom climb as Nvidia tumbles.- Rates on the rise: CME FedWatch shows a 100% implied chance of a hike at the Dec. 9 Fed meeting (U.Today), and why "expected" hits softer than "surprise." Spot Bitcoin ETFs lose about $1.44B over five straight days (Decrypt). Fidelity's Jurrien Timmer on a possible rotation from AI into Bitcoin.- New money rails: Visa adds Western Union's USDPT, issued by Anchorage Digital, as a VisaNet settlement asset (The Block, Decrypt). SoFiUSD goes live on Polygon for 17M+ SoFi members, BNY taps Figment for staking, and KPMG gives Tether Gold a clean audit confirming $2.2B in gold.- Tax fight in Illinois: the DOJ, U.S. Chamber of Commerce, SIFMA and a crypto coalition led by a16z, Paradigm and Uniswap back a lawsuit against the state's 0.2% crypto transaction tax (Decrypt, CoinDesk). Thailand proposes a daily stablecoin cap (Cointelegraph).- Fast four: Gemini sells its UK and EU arm to KAST, Polymarket trims staff as Kalshi pulls ahead, F2Pool's Chun Wang rebuys ETH, and Tron, Tether and Chainalysis launch a Digital Crime Task Force.- Nostr Desk: a board can remove a founder, but nobody can remove your Nostr keys. Why your identity travels with you, and the one backup job that comes with that freedom.ON THE SITE TODAY- Cryptocurrency Market Cap Index: see which coins bled most in today's sell-off.- Satoshi Calculator: how many sats your next $20 buys near $72K.- Token Intel: check a stablecoin's contract and chain before you hold it.- News Terminal: follow the Illinois tax case and every other breaking story.All free at TheBitcoinStreetJournal.com.ADVERTISEReach readers who look for answers the moment markets move. Display placements across the site, newsletter sponsorships, podcast reads voiced by Anna, and posts to our Nostr followers, with help on creative and placement. TheBitcoinStreetJournal.com/advertiseLISTEN ANYWHEREiHeartRadio, Fountain, Pandora, Spotify, Apple Podcasts, Pocket Casts, Podcast Addict, and The Bitcoin Street Journal on YouTube. Every platform link is at TheBitcoinStreetJournal.com/podcast/. Follow, rate and share.General information only, not investment advice. See you on the next block.

Your 60-second Bitcoin news flash from The Bitcoin Street Journal. Bitcoin just slid to seventy-one thousand eight hundred dollars, down three and a half percent in the last twenty-four hours. The big story: Tether's USDT briefly dipped below its dollar peg, a stark sign of just how thin crypto liquidity has gotten. Traders are watching options expirations and tightening spreads as the market scrambles for footing. The Fear and Greed Index is sitting at twenty-eight, deep in Fear territory. Ethereum isn't spared either, trading near two thousand dollars, down over three percent. Total crypto market cap has shrunk to two point four trillion dollars.More at https://thebitcoinstreetjournal.comGeneral information only, not investment advice.

Your 60-second Bitcoin news flash from The Bitcoin Street Journal. Bitcoin just broke below seventy-two thousand dollars, now trading near seventy-one thousand three hundred, down about three percent in the last twenty-four hours. It's been a brutal stretch, down nearly nine percent over the past seven days alone. The spark today: Nvidia CEO Jensen Huang's shock resignation sent AI stocks tumbling, dragging crypto down with them and wiping out over one hundred twenty-five million dollars in leveraged long positions. Sentiment is deep in Fear, with the Fear and Greed Index sitting at twenty-eight. The total crypto market cap just slid past two point four trillion dollars, down more than five percent on the day.More at https://thebitcoinstreetjournal.comGeneral information only, not investment advice.