Schlagwort: crypto business

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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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Tensor (TNSR), the Solana NFT marketplace token, soars 152%: here’s why

  • Tensor (TNSR) surges after major whale accumulation signalled strong buyer confidence.
  • Technical breakout and soaring open interest amplify the bullish momentum.
  • Tensor’s market speculation drives gains despite weak Solana NFT activity.

Tensor (TNSR), the governance token powering the fast-growing Solana NFT marketplace, has stunned traders after soaring more than 152% from $0.1201 to an intraday high of $0.3027.

The rally pushed TNSR to its highest level since mid-September and flipped weeks of bearish sentiment on its head, igniting renewed interest in Solana’s broader NFT ecosystem.

While the price jump has excited traders, the forces behind this surge reveal a story driven as much by speculation and technical momentum as by fundamentals.

Whale moves sparked the sudden surge

The first spark came from clear whale accumulation. A newly created wallet purchased more than $3.7 million worth of Tensor (TNSR) at roughly $0.08 per token, sweeping up over 16.5 million TNSR in a short period.

The aggressive buying triggered immediate attention, especially because the Solana NFT marketplace operates in a relatively low-liquidity environment.

With few large buyers active, a move of this size carried enough weight to tilt market sentiment almost instantly.

The wallet’s rapid accumulation acted like a signal to retail traders, and many interpreted it as a vote of confidence, even though TNSR had no major product releases or partnership updates during the period.

That lack of fundamental catalysts suggests the market was primed for a reaction.

In an ecosystem where daily NFT trading volume sits around $20,000, a concentrated buy of several million dollars can reshape the order books in minutes.

Multi-month descending channel breakout

As the whale activity set the stage, TNSR’s price broke through a multi-month descending channel, a pattern many analysts had been tracking.

The breakout aligned with rising enthusiasm across Solana, adding further fuel to the move.

Momentum indicators lit up quickly. The Relative Strength Index (RSI)shot above 90 before pulling back slightly to 86.94 at press time, showing intense buying pressure that rarely sustains for long without some form of pullback.

Tensor price analysis
Tensor price chart | Source: CoinMarketCap

The Awesome Oscillator also turned decisively green, signalling that bullish conviction was heating up as TNSR pushed through resistance levels.

At the same time, open interest in TNSR derivatives exploded nearly tenfold, jumping close to 960%.

Traders were not just buying spot tokens; they were leveraging up and betting on continued upside.

Rising open interest during a price rally often supports the trend, and it did so again here, helping TNSR hold above the key $0.17 threshold after experiencing the sharp pullback after rising above $0.30.

Speculation outruns Solana’s NFT reality

The rally stood in sharp contrast to broader signals from the Solana NFT landscape.

Activity across the Solana NFT ecosystem remains muted, with active addresses near yearly lows and marketplace fees trending downward.

Tensor, despite being a major force in Solana’s NFT sector, has not seen a major surge in platform usage to match the token’s price spike.

This disconnect suggests that Tensor’s price rally was largely speculative rather than reflective of sudden organic growth.

Nevertheless, Tensor’s position in the Solana NFT marketplace cannot be ignored.

Since launching in 2022, the platform has built a reputation as a professional-grade trading hub, offering analytics, bulk trading, AMM pools, creator tools, and even social trading through Vector.fun.

That foundation provides a narrative backdrop that traders often lean on during volatile swings like this one.

Tensor price outlook

In the end, Tensor (TNSR)’s sudden surge reflects a perfect storm of whale accumulation, a timely technical breakout, and heightened trader speculation.

Whether it can sustain this momentum will depend on how long buyers remain confident, and whether the Solana NFT marketplace begins to show signs of genuine revival rather than short-term excitement.

With TNSR now holding above the crucial Fibonacci 0.382 level, the path toward $0.35 could be possible if momentum continues.

Technical indicators such as the DMI, BBP, and ADX show buyers still holding control, though all remain in high-risk territory.

However, if volatility picks up and profit-taking accelerates, TNSR could revisit support near $0.078, a level that previously acted as a springboard for the current rally.

The post Tensor (TNSR), the Solana NFT marketplace token, soars 152%: here’s why appeared first on CoinJournal.

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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.

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Bitcoin price forecast: Is Bitcoin heading for $80k?

Key takeaways

  • BTC is down 7% in the last 24 hours and is now trading around $81k per coin.
  • The leading cryptocurrency could drop towards the $80k level if the bearish trend continues.

BTC continues to underperform

The cryptocurrency market has continued its poor performance in November. Bitcoin has lost 9.6% of its value in the last 24 hours and temporarily dropped below the $82k level.

The bearish performance comes amid a massive selloff in the market. JPMorgan analysts led by managing director Nikolaos Panigirtzoglou stated in a report earlier this week that the ongoing selloff is driven mainly by retail selling of spot bitcoin and ether ETFs rather than crypto-native traders. The analysts added that,

“While crypto native investors were responsible for the crypto market correction in October via heavy deleveraging in perpetual futures, this previous deleveraging in perpetual futures appears to have stabilised in November. Instead, it has been non-crypto investors, mostly retail investors who typically use spot bitcoin and Ethereum ETFs to invest in the crypto market, that appear to have been mostly responsible for the continuation of the crypto market correction in November.”

The selloff has also affected altcoins, with Ether, XRP, and other leading cryptocurrencies in the red. 

Bitcoin slips below $82,000

The BTC/USD daily chart is bearish and inefficient as Bitcoin has lost 10% of its value in the last 24 hours. BTC began the week bearish, extending its decline by 2% and closing below the 61.8% Fibonacci retracement level at $94,253.

The $90k support level on Wednesday failed to hold, and Bitcoin has now dumped another 10% since then.. At the time of writing on Friday, BTC is trading down around 83,400.

BTC/USD daily chart

The Relative Strength Index (RSI) on the daily chart stands at 22, indicating strong bearish momentum and oversold conditions for the leading cryptocurrency. The MACD lines are also extremely bearish at the moment. 

If the selloff continues and Bitcoin closes the daily candle below the $85k support, it could extend the decline toward the key psychological level at $80,000.

However, if the $85k support level holds in the near term, BTC could rally and hit the next key resistance at $90,000.

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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.

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