After Bitcoin reached a new high, it has pulled back over 30% of its gains this year in just one month. On November 18, it hit a low of $89,296, which caused related Bitcoin concept stocks that had previously thrived on Bitcoin to face a downturn. Lite-On (2465), Biostar (2399), Adata (3540), Chingis (2425), Hantion (6150), Li-Jin (3444), and QCY (5386) all turned from red to black, becoming a disaster area.

Bitcoin concept stocks refer to publicly listed companies whose businesses are related to Bitcoin, including Bitcoin mining, crypto assets trading platforms, digital payment services, and blockchain technology development. With the approval of the Bitcoin spot ETF by the U.S. SEC at the beginning of 2024, crypto assets officially enter the mainstream financial system, making stocks like Block and MicroStrategy highly followed. These types of stocks have high leverage characteristics, and when the price of Bitcoin rises, the increase may surpass that of Bitcoin itself.

XZXX is the leading BRC-20 meme token of 2025, using Bitcoin Ordinals with 500% user growth and 300% market cap increase. Exchanges like Gate support XZXX trading. This guide covers XZXX technology, buying steps, and momentum trading strategies.

Bitcoin has fallen below the starting point of Trump's second term, Ethereum has erased months of gains, and the entire crypto assets market has evaporated over 1.1 trillion dollars in market capitalization in just 41 days. Industry experts say that the current selling wave is not a simple market adjustment, but a structural collapse triggered by macroeconomic shocks, amplified by leverage effects, and exacerbated by collective selling from long-term investors.

On November 18, the price of Bitcoin briefly fell below $90,000, marking the first time since April that it has breached this critical psychological threshold. This also resulted in spot Bitcoin ETF investors collectively incurring losses for the first time since these products were launched. According to Bloomberg, the volume-weighted average cost of all Bitcoin ETF inflows is currently around $89,600, and this decline has wiped out all gains for 2025.

On November 17, YoungHoon Kim (金永勳), who is acclaimed as the smartest person in the world with an IQ of 276, predicted that Bitcoin will reach $220,000 in the next 45 days. Meanwhile, BitMine analyst Tom Lee reiterated the prediction of Bitcoin at $150,000 and Ethereum at $7,000 by the end of the year.

The Pi Network PTT debate has continued from 2020 to 2025, and after 5 years of controversy, it finally opened on February 20, revealing the truth. In 2020, PTT netizens questioned it as "scamcoin, Pyramid Scheme, air coin". In 2021, Pi supporters published "Eight Counterarguments" to refute these claims. On February 20, 2025, despite the Pi coin opening at 2U and experiencing a big dump, it still left the netizens in despair.

Belarusian President Alexander Lukashenko supports Bitcoin and crypto mining, believing that digital assets can enhance the economic autonomy of the country. In a recent energy strategy meeting, he stated that cryptocurrencies help to drop the dependence on Belarus's traditional dollar financial system. Although digital assets have Fluctuation, under geopolitical pressure and forex restrictions, the benefits of adopting Bitcoin outweigh the risks.

The 2025 report "In Gold We Trust" from the gold investment firm Incrementum has made a shocking prediction. It points out that the gold price could reach $4,800 in the base scenario and $8,900 in the inflation scenario by 2030. The current gold price surpassing $3,000 is just the prelude, with large-scale purchases by the Central Bank, the destabilization of Dollar hegemony, and structural inflation pressures forming a "big longs" market. This explains the full picture of the gold price forecast for 2030 that investors need to know now.

Cathie Wood's Ark Invest purchased $10.2 million worth of Bullish shares this week through its three exchange-traded funds, continuing to expand the company's investment in the encryption sector. Ark's latest acquisition comes as Bullish's shares fell on the New York Stock Exchange, with Bullish closing down 4.5% on Monday at $36.75.

Short video platforms such as TikTok, Reels, and YouTube Shorts have become an indispensable part of modern life. However, a systematic review and meta-analysis covering nearly 90,000 participants and a total of 71 studies shows that excessive use of short videos is moderately associated with a decrease in attention and a decline in inhibitory control and other cognitive functions.

CNBC reported in April that Trump’s eldest son Donald Trump Jr. founded a private club called Executive Branch. As unverified insider trading information about the Trump family circulated online, the club regained community attention. The membership fee for Executive Branch reaches 500,000 USD, making it one of the most expensive private clubs in North America, with typical pricing ranging from 4,000 to 10,000 USD.

With the recent price pump of privacy coins like Zcash, the privacy zone has once again become the focus of market attention. The privacy blockchain project Seismic announced the completion of a new round of $10 million financing, marking the second time a16z crypto has led the investment in this project this year, bringing the total financing amount to $17 million.

The White House in the United States initiated a review process for a Treasury proposal in November 2025, which would authorize the IRS to track and tax American citizens' overseas Crypto Assets holdings. This move marks a key step for the United States towards adopting the Crypto Assets Reporting Framework (CARF), which was established by the OECD in 2022 to enable the automatic exchange of information on cross-border Crypto Accounts.
If the proposal is approved, the United States will join countries such as the United Kingdom, France, and Japan in requesting foreign custodians to report information on American citizens' Crypto Assets to the IRS. The global implementation plan is expected to be fully launched by 2027.

Blockstream CEO Adam Back publicly stated in November 2025 that Bitcoin's SHA-256 encryption algorithm will not face a real threat from Quantum Computing in the next 20-40 years. This cryptographer, who is cited in the Bitcoin White Paper, pointed out that current Quantum Computers only possess 6,100 physical qubits, far below the required threshold of 8,000 stable qubits needed to break encryption.
The National Institute of Standards and Technology (NIST) has approved post-quantum encryption standards, and the Bitcoin community is advancing quantum-resistant signature upgrades through proposals like BIP 360 to ensure a secure transition of the network before the arrival of the quantum era.

Glassnode data shows that the average cost basis for Bitcoin ETF investors is around $89,600, a key level that was breached on November 18, 2025, marking an overall loss status for institutions and retail investors entering the Bitcoin market through the ETF channel.
The data is calculated based on the volume-weighted average price of all capital inflows since the launch of the ETF. When Bitcoin trades below this line, the holdings of this group show an unrealized loss. While early investors who bought in the range of $40,000 to $70,000 still maintain profits, this milestone event highlights the rapid decline in optimistic sentiment in the cryptocurrency market.

At the Devconnect conference held in Argentina in November 2025, Ethereum co-founder Vitalik Buterin sharply contrasted Ethereum with the bankrupt exchange FTX, emphasizing that the former is based on the core principles of Decentralization, "cannot be evil," and community-driven, standing in 180-degree opposition to the latter.
Vitalik Buterin criticized FTX founder Sam Bankman-Fried's remarks about "doing good through cryptocurrency," pointing out that centralized structures inevitably require users to trust blindly, while Ethereum achieves "trustworthy neutrality" through open and transparent community governance. Although the price of Ethereum has fallen 39% from nearly $5,000 in August to below $3,000, Buterin believes that technical principles are more important than short-term price performance.

GAIB (GPU·AI·Blockchain) is the world's first economic layer for AI infrastructure, transforming real-world AI assets—GPUs, Bots, and AI energy systems—into tradable and rewarding on-chain tools. The protocol establishes a unified framework for the tokenization, verification, and financialization of productive artificial intelligence assets, converting their operational metrics into verifiable on-chain rewards.

Bitcoin Technical Analysis shows that a bearish ABCD pattern is forming, with a price target pointing to the 83,800 USD support area. This pattern is similar to historical market top structures, suggesting that selling pressure may not be over yet.
Meanwhile, the Singapore Exchange (SGX) announced that it will launch Bitcoin and Ethereum perpetual futures on November 24, providing regulated crypto derivatives channels for institutional investors. Cryptocurrency ETPs faced a $2 billion outflow in a single week, the largest scale since February, and market sentiment continues to deteriorate. Technical indicators show that Bitcoin has formed a death cross and has closed below the 50-week moving average for the first time, with a short-term recovery requiring the reclaiming of the $105,000 key resistance.

In a research report published by TD Cowen in November 2025, it was pointed out that the accumulation model of Bitcoin by Strategy remains intact amid recent market fluctuations, and the preferred stock issuance activities enhance its continuous acquisition capacity. The company used the net proceeds of $703.9 million raised from its euro-denominated preferred stock IPO to acquire approximately 6,890 Bitcoins, and the issuance of variable-rate preferred stock unexpectedly increased during the sharp decline in Bitcoin prices.
Analysts maintain a "buy" rating and a target price of $535 for Strategy stock (MSTR), emphasizing that its Bitcoin per share content continues to rise, even as the net asset value premium narrows to 1.2 times.