Crypto Market Plummets, Bitcoin Drops Below $100K
Update: 2025-11-14
Description
November 14th sees a crypto market downturn, with Bitcoin falling below $100k despite positive developments like the Czech National Banks Bitcoin purchase and a spot XRP ETF launch. The CoinDesk twenty index drops over 8%, mirroring a broader market slump. Spot Bitcoin ETFs see substantial outflows, with investors pulling $869 million on Thursday alone. Traders show neutral-to-cautious sentiment, with interest in long-term Bitcoin options but no strong appetite for further downside. Ether traders are hedging against potential drops and selling call options. The White Houses announcement of delayed economic data due to the government shutdown adds to market uncertainty, raising concerns about the K-shaped economic recovery and putting further pressure on crypto prices.
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