Happy Sunday all!
If you missed the past 24 hours in crypto and stocks, here’s your full recap:
🚨 Major Headlines & Market Moves 🚨
- $BTC is trading around $80,800, roughly flat over the past 24 hours after a volatile Saturday.
- Crypto dumped on Saturday as Bitcoin fell under $80,000, and $261M in long positions were liquidated in just 60 minutes.
- In total, 181,941 crypto traders were liquidated in 24 hours, with $318M in longs wiped out.
- BlackRock and other spot Bitcoin ETF issuers sold another $137.94M worth of Bitcoin.
- Bitcoin’s Realized Cap keeps climbing, a sign that fresh capital is flowing in, which historically has signaled the start of a new bull market.
- Cardone Capital, a $5.3B real estate firm, bought 16 Bitcoin worth $1.28M on this dip.
- CMCC Global plans to launch two tokenized Bitcoin funds, with its Liberty Bitcoin Accumulation Fund targeting an annual net return of 8 to 12% in Bitcoin.
- Peter Schiff says Bitcoin is going to crash to $75,000 and that it will be a very long weekend for Bitcoiners.
- Meta $META free cash flow turned negative for the first time as it bets billions on AI, and shares are down 8% since earnings.
- One of the biggest earnings weeks of the year is coming: $SOFI, $PYPL, $HOOD and $V on Tuesday, $GOOG, $MSFT, $NOW, $KLAC and $FTNT on Wednesday, and $AMZN, $COIN, $RDDT, $INTC, $MA and $LLY on Thursday.
- Since 1942, the S&P 500 has risen in all 21 November to June periods after a midterm election, with an average gain of 16.6%.
📊 Altcoin Market Updates 📊
- $ETH is trading around $2,365, down about 0.6% in 24 hours, after briefly dropping under $2,350 on Saturday.
- Kalshi traders now see Ethereum going as high as $3,210 this year.
- Arthur Hayes says “I dumped it all”, as his Maelstrom fund took profits on $ETH, $ENA, $UNI and other altcoins.
- $SOL briefly dropped below $100 and is now trading around $102.
- $XRP slipped under $1.30 during the selloff but recovered to around $1.31, up about 1.5% in 24 hours.
- Utexo launched a test version of bridged USDT on Bitcoin, aiming for a public launch on November 28 and Lightning support in early 2027.
- Giwamaps’ native token $GIWAS launched on Robinhood Chain, with a 1:1 migration to the GIWA mainnet expected later.
- Fomo launched Hyperliquid powered perps on the web, while its cofounder says there are already way too many tokens and denied plans for a Pump.fun rival.
- Frankdegods flipped Bonk Guy for the number one all time PnL spot on Fomo, after big gains on leveraged shorts.
- Bonk Guy shared a lesson after an eight figure loss: overtrading to win it back hurt even more, and the best move in quiet markets is often no trade at all.
If you enjoyed this daily roundup, make sure to follow me, I’ll see you tomorrow!
$BTC $SPY $QQQ $OIL $SMH
Looking to profit from altcoins? Here’s a FREE 5-day email course!
Get instant access here: https://panicdrop.kit.com/5dayaltcoincourse
Avoid the mistakes killing 97% of traders.
Master the charts & time your entries using Bitcoin’s signals.
Written by Timothy Assi, an Elite Popular Investor on eToro.
Not investment advice. eToro is a multi-asset investment platform. Your capital is at risk. For information and educational purposes only.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Connect with me on:
🟦 Linkedin: Timothy Assi
🟪 Instagram: @panic_drop
⬛ X: @timoassi
📧 timothy@panicdrop.com
🟩 Panic Drop Podcast : on your favorite streaming app
