Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Bitcoin News Today: "ETF Outflows and Liquidity Challenges Divide Crypto Market: Leading Coins Hold Steady as Altcoins Decline"

Bitcoin News Today: "ETF Outflows and Liquidity Challenges Divide Crypto Market: Leading Coins Hold Steady as Altcoins Decline"

Bitget-RWA2025/11/28 21:38
By:Bitget-RWA

- Bitcoin and Ethereum stabilized amid a broader crypto selloff, while altcoins like XRP and Dogecoin declined sharply due to ETF outflows and liquidity crunches. - Bitcoin fell 30% from its October peak to $87,080, underperforming equities as $3.5B in November ETF redemptions worsened market conditions. - Bitfarms plans to shift Bitcoin mining profits to AI HPC despite rising execution risks, contrasting Ethereum's DeFi-driven resilience near $3,400. - Crypto liquidity deteriorated with $4.6B stablecoin l

Cryptocurrency Market Sees Mixed Results Amid Volatility

On Friday, leading cryptocurrencies such as Bitcoin and Ethereum maintained their positions, while alternative coins including XRP and Dogecoin suffered losses. This divergence underscores the uneven performance currently seen across the digital asset landscape.

Market experts point to a generally bearish sentiment, fueled by significant outflows from exchange-traded funds (ETFs) and tightening liquidity. Bitcoin (BTC-USD) hovered around $87,080, representing a 30% decline from its October high above $126,000—the most substantial two-month drop since mid-2022. In comparison, major stock indices like the S&P 500 and Nasdaq experienced smaller declines of 2.5% and 4%, respectively, during the same timeframe.

November saw a sharp increase in Bitcoin ETF redemptions, totaling $3.5 billion—the largest monthly withdrawal since February. Notably, funds such as iShares Bitcoin Trust (IBIT) and Grayscale's GBTC endured consecutive days of losses. Analysts estimate that for Bitcoin to regain upward momentum, the market would need approximately $1 billion in new weekly inflows, a figure that currently falls short of actual demand. Additionally, institutional investors have slowed their accumulation since October’s peak, following a leveraged liquidation event on October 10 that wiped out $19 billion in open interest within a single day. This event established a new resistance zone between $98,000 and $102,000.

Liquidity across the crypto sector has deteriorated further, with the total value of stablecoins dropping by $4.6 billion since the start of November. Last week alone, $800 million exited the crypto space in favor of fiat currencies, indicating a reduced appetite for on-chain risk. Trading activity on centralized exchanges has also diminished, with daily volumes falling below $25 billion—a 40% decrease from early October—making Bitcoin more susceptible to price swings.

Cryptocurrency Market Chart

Industry Shifts and Strategic Moves

Despite these headwinds, some companies are seeking new avenues for growth. Bitfarms, a major Bitcoin mining firm, reported a 122% increase in adjusted EBITDA for the quarter, reaching $20 million. However, its gross mining margin declined to 35%, down from 44% the previous year. The company now plans to fully transition to artificial intelligence (AI) high-performance computing (HPC), aiming to capitalize on rising demand for computational power. While this strategy could streamline operations, it also introduces risks if AI demand slows or if capital investments do not yield expected returns.

Ethereum and Altcoins: Diverging Paths

Overall, the market remains cautious. Ethereum (ETH-USD) is trading near $3,400, largely shielded from Bitcoin’s recent sharp declines. Analysts attribute Ethereum’s resilience to its central role in decentralized finance (DeFi) and anticipated network upgrades, which may attract renewed institutional interest. In contrast, smaller cryptocurrencies like XRP and Dogecoin have continued to lose ground, as investors gravitate toward assets perceived as safer during periods of economic uncertainty.

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Solana News Update: CoinShares Drops Altcoin ETFs While Mainstream Finance Leads in Inflows

- CoinShares withdrew Solana , XRP , and Litecoin ETF applications due to market saturation by traditional finance giants like BlackRock and Fidelity. - The firm cited structural challenges and weak demand, with Litecoin ETFs recording zero inflows while Solana staking ETFs attracted $570M in net inflows. - CoinShares is pivoting to active strategies and thematic crypto baskets, reflecting broader market skepticism toward altcoin ETFs amid regulatory uncertainty and volatile crypto prices. - Competitors li

Bitget-RWA2025/11/29 15:22
Solana News Update: CoinShares Drops Altcoin ETFs While Mainstream Finance Leads in Inflows

Polymarket’s Adherence to CFTC Regulations Connects Cryptocurrency with Conventional Financial Systems

- Polymarket secures CFTC approval to resume U.S. operations under a regulated framework after a 2022 $1.4M fine for unregistered derivatives trading. - The platform now complies with federal requirements including real-time surveillance and trade reporting, partnering with ICE after a $2B investment. - Its re-entry enables U.S. brokerages to integrate prediction markets, boosting liquidity and attracting traders previously excluded by regulatory barriers. - The $10B valuation surge and strategic QCX acqui

Bitget-RWA2025/11/29 15:07
Polymarket’s Adherence to CFTC Regulations Connects Cryptocurrency with Conventional Financial Systems

Mutuum Presale Investors Rush to Secure Tokens Before Price Surges to $0.04

- Mutuum Finance's Phase 6 presale nears 95% allocation at $0.035, raising over $19M with 250% price growth since Phase 1. - The DeFi protocol offers non-custodial P2C/P2P lending, mtToken yield mechanisms, and plans for stablecoins/cross-chain expansion. - Dual audits by Halborn and CertiK, plus Q4 2025 testnet launch plans, bolster credibility as 18,200+ holders compete for tokens. - With 800M+ tokens sold and Phase 7 approaching $0.04, the project aims to redefine lending through user-controlled, incent

Bitget-RWA2025/11/29 15:07
Mutuum Presale Investors Rush to Secure Tokens Before Price Surges to $0.04

Bitcoin News Today: Bitcoin Holds Strong at $84K Amid Institutional Optimism and Broader Economic Challenges

- Bitcoin drops 31% to $82,000 as 2025 market cycle mirrors 2021's bull run, testing critical $84,000–$86,000 support levels amid rising U.S. yields and Fed hawkishness. - Institutional inflows into FBTC/IBIT and whale accumulation counter macro headwinds, with JPMorgan upgrading miners and projecting 2026 rebound potential. - Current market differs from 2021 with institutional focus on utility-driven use cases (cross-border payments, DeFi) and regulatory progress like Ripple's RLUSD approval in UAE. - Fed

Bitget-RWA2025/11/29 15:07