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Bitcoin News Update: Positive On-Chain Signals Stand Out Amid Crypto Price Drops and Regulatory Challenges

Bitcoin News Update: Positive On-Chain Signals Stand Out Amid Crypto Price Drops and Regulatory Challenges

Bitget-RWA2025/11/23 19:14
By:Bitget-RWA

- Bitcoin's price drops below key levels, while XRP shows increased on-chain activity amid market uncertainty. - Bitwise XRP ETF sees $107M inflow, but XRP remains below $2 during prolonged correction. - Global regulators intensify scrutiny, with UK tracing crypto-linked drug funds and US pushing for bitcoin ETF approval. - DeFi faces $12B liquidity crisis and security threats, highlighting systemic vulnerabilities.

Uncertainty Surrounds Bitcoin and Altcoin Price Trends

Bitcoin has recently lost all of its gains for 2025, now trading beneath key resistance points as doubts about the overall stability of the crypto market intensify. At the same time, altcoins such as

are displaying a mix of signals; on-chain data points to a possible rebound even as prices continue to fall, .

As of November 21, XRP—the third-largest digital asset by market cap—has seen a 33.9% jump in on-chain transactions, measured by the number of XRP tokens burned as transaction fees. This figure climbed from 604 tokens on November 20 to 808.8 the following day, signaling heightened network activity and fueling investor optimism.

to rising institutional interest following the debut of the , which attracted over $107 million on its first day. Nevertheless, XRP’s price remains under $2, entering what traders call the year’s lengthiest correction period.

XRP’s uptick in network usage stands in contrast to Bitcoin’s recent struggles, which have been largely shaped by global economic pressures.

as worries about U.S. fiscal policy and the strength of the dollar persist. These challenges highlight the crypto market’s vulnerability, with regulatory ambiguity and geopolitical tensions continuing to dampen investor confidence.

Regulatory oversight is ramping up worldwide.

that a billion-dollar criminal operation used cryptocurrencies to transfer drug money to Russia, with blockchain transparency playing a key role in the investigation. The NCA noted that public blockchains, often thought to be anonymous, are now essential for tracking illegal transactions. Meanwhile, U.S. regulators are under increasing pressure as lawmakers advocate for the approval of spot bitcoin ETF options, .

XRP’s on-chain activity has also risen, prompting speculation about its future price direction.

Bitcoin News Update: Positive On-Chain Signals Stand Out Amid Crypto Price Drops and Regulatory Challenges image 0
Still, analysts remain wary due to the market’s volatility and the ongoing correction.

Decentralized finance (DeFi) platforms are also facing challenges,

even though 95% of available capital is idle. This so-called “liquidity crisis” highlights inefficiencies in DeFi protocols, which are struggling to attract active participants. by security incidents, such as a recent front-end exploit on Aerodrome Finance, a decentralized exchange operating on Coinbase’s Base network.

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The crypto industry’s difficulties also extend to its infrastructure.

a $100 million sale after its CEO faced criminal charges, while cities like Stillwater, Minnesota, and Spokane, Washington, have either banned or restricted crypto ATMs due to concerns about scams. These actions reflect increasing regulatory caution regarding crypto’s role in protecting consumers.

As the market contends with these obstacles, investors are staying vigilant. While XRP’s robust on-chain activity and the Bitwise ETF’s positive debut offer some optimism, widespread adoption of crypto will depend on resolving issues related to regulation, security, and liquidity. For now, price trends remain uncertain, and analysts caution that volatility is expected to continue until there is greater macroeconomic stability.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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