Bitcoin Updates: As Crypto Markets Waver, Founder’s BTC Acquisition Reflects Enduring Confidence
- 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
Macroeconomic instability has intensified the market’s slide,
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
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—
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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