Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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Ethereum sinks below $2,700 as crypto slump intensifies

  • Ethereum price dropped 10% to near $2,600 as cryptocurrencies plummeted.
  • The altcoin’s dip came amid over $400 million in 24-hour ETH liquidations.
  • Despite price declines, Bitmine is using the dip to buy more ETH.

The cryptocurrency market is facing its bleakest downturn since October, with the price of Ethereum (ETH) plummeting below $2,700 as sell-off intensifies.

On November 21, 2025, investor concerns regarding the broader market correction pushed Bitcoin to new multi-month lows, and ETH to lows last seen in July.

Amid the volatility, liquidation pressures mounted, and analysts were pointing to a potential bearish flip across major digital assets.

Now analysts say Bitcoin could dip to $80,000 next.

Ethereum price tanks below $2,700

Ethereum’s price fell sharply on Friday, Nov 21, with bears extending 24-hour losses to over 10%. The top altcoin dropped from highs of $3,039 to lows of $2,660.

Losses mounted as the global risk asset market witnessed fresh jitters.

Ethereum’s dip occurred amid a notable $400 million worth of leveraged ETH positions being liquidated.

Facing wipeout were predominantly long positions, with about $374 million of these rekt in the period.

Global liquidation stood at nearly $2 billion, with Bitcoin (BTC) leading as over $940 million in bets drained off.

The downturn also showed in the ongoing outflows from cryptocurrency investment products, where both spot Bitcoin and Ethereum ETFs have recorded consecutive net outflows.

On Nov. 20, Bitcoin spot ETFs lost $903 million, while Ethereum spot ETF outflows hit $262 million.

Notably, as BTC and ETH shed capital, Solana spot ETFs saw over $23.6 million in net inflows.

Losing the $2,800 support level and dropping to lows near $2,600 means further weakness is likely should bulls fail to initiate a swift bounce.

Crypto analyst Ted suggests the next level to watch could be $2,500.

BitMine buys the ETH dip

As stocks reacted lower on Thursday, Bitcoin gave up its support near $92,000.

On Friday morning, BTC fell to lows of $82,002 across major exchanges.

The BTC slump coincides with a challenging global economic landscape, which analysts say could accelerate bears’ dominance.

Notably, the markets are reacting to sentiment around US interest rate cuts and Japan’s stimulus package.

Ethereum’s price dip reflects overall waning investor confidence. But as prices dropped, Bitmine, the largest ETH treasury company, has added to its balance sheet.

The Nasdaq-listed company said it purchased an additional 17,242 ETH worth $44.46 million on November 20.

More ETH brings BitMine’s total holdings to approximately 3.62 million ETH.

The continued buying by Bitmine, despite price declines, highlights a divergence between market sentiment and institutional strategy.

Bitmine’s move adds to the vote of confidence in Ethereum’s long-term potential.

However, crypto insights firm 10x Research said that BitMine Immersion Technologies is sitting on multi-billion-dollar paper losses following the recent market correction that has pushed ETH to multi-month lows.

According to the report, “Bitmine is now down more than $1,000 per ETH, implying about $3.7 billion in unrealized losses before even accounting for the hefty NAV premium public-market investors paid on top.”

10x Research added that treasury companies are likely to face difficulties attracting new retail investors in the current environment, as existing shareholders are already sitting on billions of dollars in losses.

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Japan stimulus shakes global markets as yen sinks and crypto demand rises

  • Japan’s 40-year bond yield rose to 3.774% on Thursday.
  • Five-year CDS spreads reached 21.73 basis points on 20 November.
  • GDP contracted in Q3 2025 and inflation reached 3% in October.

Japan’s new stimulus package is setting off sharp reactions across global markets, with the yen sliding to its weakest point against the US dollar since January 2025 and long-term bond yields rising to record levels.

The cabinet approved a 21.3 trillion yen package on Friday, the largest since the COVID-19 period, and the announcement immediately shifted expectations in currency, bond, and crypto markets.

The scale of the support and the pressure on Japan’s finances are now pushing investors to reconsider how they assess global risk, particularly as liquidity conditions evolve.

Economic reset

The package focuses on easing price pressures, supporting growth, and strengthening defence and diplomatic capacity.

Local government grants and energy subsidies form a key part of the plan, and households are expected to receive around 7,000 yen in benefits over three months.

The government also aims to lift defence spending to 2% of GDP by 2027.

The supplementary budget is expected to pass before the end of the year, although the ruling coalition currently holds only 231 of 465 Lower House seats.

The support comes during a period of weakening growth.

Japan’s GDP fell 0.4% in the third quarter of 2025, equal to a 1.8% annualised contraction.

Inflation has remained above the Bank of Japan’s 2% target for 43 months and reached 3% in October 2025.

Policymakers expect the new measures to lift real GDP by 24 trillion yen and generate a total economic impact near 265 billion dollars.

Rising market pressure

The fiscal boost has intensified concerns about long-term debt sustainability and market stress.

Five-year credit default swaps on Japanese government bonds reached 21.73 basis points on 20 November, the highest level in six months.

The country’s 40-year bond yield rose to 3.697% immediately after the announcement and climbed further to 3.774% on Thursday.

Every 100-basis-point increase in yields raises annual government financing costs by about 2.8 trillion yen, which has drawn attention to the strain on public finances over time.

Nikkei reports lingering caution about the continued use of fiscal stimulus beyond emergencies, adding another layer to investor concerns.

This debate has become more relevant as the yield curve shifts and Japan’s borrowing costs rise.

These movements are also important for the 20 trillion dollar yen-carry trade. Investors typically borrow yen at low rates and invest in higher-yielding markets overseas.

A mix of higher yields and sudden currency moves can force unwinding.

Historical data show a 0.55 correlation between yen-carry trade reversals and S&P 500 declines, which adds another source of volatility.

Yen reaction

The yen dropped sharply after the stimulus announcement, prompting speculation about future currency stability and the potential for intervention.

October exports rose 3.6% year on year, but the increase was not enough to ease concerns about broader economic pressure.

The scale of fiscal support and the persistence of inflation have become central factors in how global markets interpret Japan’s next steps.

Crypto shift

These conditions are feeding directly into crypto markets.

A weaker yen tends to drive Japanese investors toward alternative assets, including Bitcoin, especially during periods of rising liquidity.

Experts have noted that Japan’s decision adds to a global environment that already includes potential US Federal Reserve easing, Treasury cash movements, and continued liquidity support from China.

Together, these factors are creating conditions that could lift crypto demand into 2026.

At the same time, higher long-term yields pose a risk.

If yen-carry trades unwind quickly, institutions may be forced to sell assets, including Bitcoin, to meet liquidity needs.

The post Japan stimulus shakes global markets as yen sinks and crypto demand rises appeared first on CoinJournal.

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Record Financial brings instant royalty payouts onchain via Avalanche

  • Avalanche is set to power a new era of royalty payments on-chain.
  • The blockchain platform is partnering with Record Financial, a pioneering technology firm in the music industry.
  • Collaboration will allow Record to harness the power of blockchain to deliver instant, verifiable payouts.

The Avalanche team announced its collaboration with Record on Thursday, a move that could accelerate payments as well as empower creators amid blockchain adoption across creative economies.

AVAX, the native token of Avalanche, has gained slightly as bulls try to hold onto key support levels.

Record Financial and Avalanche partner to boost royalty payouts

Payments across the music industry are getting a digital innovation makeover, with a new ecosystem designed to remove the delays, opaque accounting, and uncertainty.

These issues continue to plague the industry.

Record Financial is positioning its platform at the centre of a structural shift in how royalties are tracked and paid.

Built natively on Avalanche, the system is designed to aggregate and standardise royalty data drawn from multiple sources.

Traditional royalty workflows rely on publishers and distributors, all of which process earnings from streams, downloads and live performances through slow, manual and cross-border channels.

Those delays — often stretching for months — can materially reduce earnings and opportunities for creators.

Record aims to leverage its growing traction and Avalanche’s on-chain capabilities to overhaul the process, creating a unified, verifiable ledger that reconciles data in real time.

The platform is structured to support payouts in stablecoins such as USDC, delivered directly to creators’ digital wallets.

Travis Garrett, chief executive officer of Record Financial, said:

“Blockchain offers the music industry an opportunity to rebuild its financial foundation on transparency. By combining our data infrastructure with Avalanche’s speed and scalability, we are solving issues that have constrained the industry for generations like delayed payments, missing checks, and the lack of ownership clarity.”

Collaboration builds on Record’s footprint, which already includes major players such as Armani White, Lil Tjay, and A$AP Ferg.

Morgan Krupetsky, vice president of onchain finance at Ava Labs, added:

“Record is a powerful example of how blockchain can modernize legacy industries. Music royalties represent a market of more than forty billion dollars annually, and bringing that infrastructure onchain creates fairness, efficiency, and new economic possibilities for creators worldwide.”

AVAX price outlook amid blockchain adoption

The Avalanche ecosystem’s native token, AVAX, plays a crucial role in powering transactions and securing the network.

Its market performance is thus a key indicator of the platform’s momentum.

As of November 20, 2025, the token traded near $13,58, down 2% in the past 24 hours.

The token is down 19% over the past month.

Spot exchange-traded funds buzz, treasury allocations and regulatory developments have previously helped AVAX.

However, the latest downturn comes amid macroeconomic headwinds that have also driven Bitcoin to lows of $88,000.

The AVAX price may mirror the declines and drop to $10 before bouncing back to above $20 as cryptocurrencies recover.

The post Record Financial brings instant royalty payouts onchain via Avalanche appeared first on CoinJournal.

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VerifiedX taps Crypto.com to provide institutional-grade custody and liquidity support

  • Crypto.com will provide VerifiedX with $1.5B in institutional-grade custody and liquidity support.
  • Partnership enables institutions using VerifiedX to securely store and transact assets via Crypto.com Custody.
  • Integration builds on earlier collaboration linking Crypto.com Pay and on-ramps to Switchblade Wallets.

Crypto.com and the VerifiedX (VFX) Network (VerifiedX.io), a global leader in self-custody and Web3 wallet infrastructure, have announced a partnership under which Crypto.com will provide secure, institutional-grade custody and liquidity support for $1.5 billion in assets, along with OTC trading capabilities.

The collaboration enables eligible institutions using VerifiedX to safely store, manage, and transact digital assets through Crypto.com’s regulated custody platform.

The service features multi-user permissions, customizable governance workflows, and insured storage solutions, addressing the rising demand for scalable, cost-efficient, and compliant blockchain infrastructure.

“Crypto.com Custody is specifically designed with expectations of institutional-grade clients,” said Eric Anziani, President and COO of Crypto.com.

“We are pleased to be selected by VerifiedX, a leader in self-custody and digital asset wallet capabilities, to further enhance an established custody offering for all client needs.”

This marks the latest collaboration between Crypto.com and VerifiedX, building on their earlier partnership to integrate Crypto.com Pay and on-ramp services directly into VerifiedX’s Switchblade Wallets, creating a seamless, secure, and scalable experience for both everyday users and developers.

“As the people’s network, the mission is clear – to make custody seamless, secure, and globally accessible. Partnering with Crypto.com significantly elevates that very ethos with best in-class custody and liquidity infrastructure,” said The VerifiedX Foundation.

Crypto.com Custody provides eligible institutions and high-net-worth clients with a comprehensive, end-to-end custody solution designed with security and operational robustness at its foundation.

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AfCFTA’s digital trade pilot launches; what does it mean for IOTA price?

  • IOTA Foundation and African trade project partner to boost digital trade architecture.
  • Per an announcement, the integration eyes blockchain technology adoption in Africa’s trade landscape.
  • The development could help bolster IOTA’s price performance.

IOTA has secured a significant lift on the adoption front following the African Continental Free Trade Area’s launch of the Africa Digital Trade Access and Public Infrastructure Initiative.

With the program now underway, IOTA co-founder Dominik Schiener said the development could mark the start of a major turning point for the decentralized network.

On Thursday, November 20, 2025, the IOTA price traded at $0.12, a slight increase in the past 24 hours as the broader market battles continued downward pressure.

IOTA to power Africa’s digital trade architecture

This week, the AfCFTA launched the ADAPT program, which it says is set to transform Africa’s trade landscape.

Notably, the project seeks to establish a unified digital backbone for identity, data, and financial transactions.

IOTA’s blockchain platform will power this pilot.

According to AfCFTA, IOTA will play a pivotal role, with the ADAPT program set to tap into decentralized ledger technology to provide the foundation for seamless, interoperable cross-border payments and digitised trade documents.

AfCFTA Secretary-General Wamkele Mene said:

“This is Africa’s blueprint for the digitisation and modernisation of trade: a system that replaces fragmentation with integration, friction with trust, and inefficiency with scale.”

Initially, the target is programs across Kenya and Ghana, before expanding to the whole continent by 2035.

This ambitious rollout is expected to integrate stablecoin-based settlements and tokenized assets, all powered by IOTA.

According to IOTA Foundation chair Dominik Schiener, the partnership is a big move for real-world assets for IOTA.

Commenting via X, Schiener noted:

“Being selected as a partner for ADAPT means that we are bringing our original vision to reality. It is an incredible opportunity to be part of creating the digital infrastructure that will connect an entire continent.”

Schiener added that the ADAPT initiative validates IOTA’s long-term strategy, with upcoming use cases including cross-border payments, tokenized critical minerals, and digital identities.

The comments highlight IOTA’s potential, with growth allowing for traction amid global adoption.

IOTA price outlook

The IOTA token has been in a downtrend since May 2021, when the token fell from highs of $2.10.

However, despite recent price fluctuations, the altcoin remains above the all-time lows below $0.10 reached in March 2020.

Over the past month, IOTA has experienced a 24% decline, and it’s down 14% in the past week.

While short-term price movements remain uncertain, the long-term implications for IOTA’s adoption and valuation are largely positive.

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