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Quick Take Bitcoin is trading near $84,000, recovering after plunging to new local lows of approximately $80,500 earlier on Friday, triggered by stronger-than-expected U.S. jobs data. JPMorgan analysts said the latest crypto correction is being driven mainly by retail outflows from spot Bitcoin and Ethereum ETFs, with about $4 billion pulled from the funds so far in November.
Quick Take The Bitcoin treasury pioneer is included in key benchmark indices such as the Nasdaq-100, MSCI USA, and MSCI World. “Funds and trusts passively hold assets. Holding companies sit on investments. We create, structure, issue, and operate,” Saylor said Friday.
Quick Take The launch lands amid steep drawdowns in bitcoin and ether, adding risk around timing for highly leveraged ETPs. Retail flows continue to favor equity ETFs even as crypto-focused funds see sharp outflows.
Quick Take Nearly $2 billion in leveraged crypto positions were liquidated in the past 24 hours, CoinGlass data shows. Bitcoin fell to $82,000, its lowest level since April, before rebounding marginally. Analysts say short-term holder capitulation and thinning liquidity remain the dominant drivers.
Federal investigators are reviewing whether Bitmain’s Bitcoin mining equipment could allow China to conduct surveillance or disrupt US infrastructure.
Arkham Exchange has integrated MoonPay’s fiat-to-crypto services, enabling KYC-verified users to deposit funds using credit cards, bank transfers, and digital wallets.