*** Morning news on 23/11/2025 ***
Here are the top 5 most important Crypto news in the past 8 hours:
1. Bitcoin ($BTC ) continues to face strong downward pressure, threatening to break the support level of $80,000 (negative)
Bitcoin price slightly increased to around $84,244 but experts warn that the upward trend is weak and lacks sustainable momentum.
BTC dropped 35% from its all-time high, with total market capitalization decreased by 1.3 trillion USD since October.
Maintaining $80,000 will determine the next trend for Bitcoin and market sentiment in December.
2. Bitcoin's price dropped to a 7-month low, below $81,000 (negative)
Bitcoin fell below $81,000 amidst instability in the US stock market, concerns about the AI bubble, and FED interest rate policies.
Bitcoin has lost about 1/3 of its value since the peak of 125,000 USD (October).
Concerns about uncertain monetary policy are making investors cautious with risky assets like crypto.
3. Bitcoin derivatives recorded large trading volumes and option bets despite the price decline (neutral/positive)
Despite BTC's decline, futures and options contracts are recording large trading volumes, reflecting investors' readiness.
This shows that the market remains active, awaiting a new major volatility event.
4. Ethereum ($ETH
) decreased nearly 5% in 24 hours, touching the important golden support zone of 2,600 - 2,800 USD (negative)
ETH is struggling to maintain the important Fibonacci "Golden Pocket" support level.
If it does not surpass $2,800, the likelihood of further decline to $2,600 is very high; however, this level could also serve as a temporary bottom for recovery.
5. Bitcoin ETFs recorded record large cash withdrawals of nearly $3 billion in November, damaging institutional confidence (negative)
Cash flow is withdrawing from Bitcoin ETFs such as BlackRock iShares Bitcoin Trust (IBIT), contributing to downward pressure on BTC.
The investment strategies of large institutions are evaluated to be in a correction phase due to macroeconomic instability.
*** Conclusion of the general trend in the Crypto market
Currently, the crypto market is undergoing a negative growth phase with prolonged downward pressure on Bitcoin and Ethereum, mainly due to concerns about the macroeconomic situation, unstable monetary policy, and cash flow withdrawing from ETFs. However, the increase in derivative trading and the active options market indicate that investors are still preparing for strong fluctuations in the near future. Investors should be cautious and pay attention to important support levels, especially around the $80,000 mark for Bitcoin and $2,600-$2,800 for Ethereum to guide appropriate investment strategies.
Source: Compilation
