Posted on 11/21/2025 7:13:58 AM PST by Red Badger
As we joked earlier this week about the overnight Bitcoin dump – the “Korean Krypto Kamikazes“ – the selling has continued with no clear catalyst. The largest crypto asset briefly plunged to $81,569 and is now on track for its worst month since 2022.
BTC dropped as much as 6% early Friday to $81,569, while Ether and smaller tokens plunged into the abyss as risk-off sentiment hit both crypto and equity futures (market wrap). Bitcoin is now down roughly 25% for the month.
Nearly $1 billion in positions were liquidated during the overnight flush, stoking fears that the bear market could deepen. This forced selling comes despite a pro-crypto White House and rising institutional adoption.
Testing weekly 100sma
IG Australia analyst Tony Sycamore wrote in a note that the market “may also be seeking to test Strategy’s pain threshold,” referring to Michael Saylor’s Bitcoin hoarding firm.
A JPMorgan analyst pointed out to clients the potential exclusion of MSTR from upcoming MSCI and Nasdaq reviews.
Overall, the crypto market is certaintly gripped by forced selling, thin liquidity, and extreme fear – a market environment very similar to the last crypto meltdown in June 2022.
(Excerpt) Read more at americafirstreport.com ...
They are having a sale on Bitcoin??? Nice!
I still have no idea what a bitcoin is.
Bitcoin ruination is all part of the plan to usher in Fedcoin...
It’s 1’s and 0’s in someone’s computer, but nobody knows where it is..............
https://en.wikipedia.org/wiki/Bitcoin
“I still have no idea what a bitcoin is.”
I know what it is, but still don’t understand what defines bitcoin’s value. I stay away.
I don’t understand how to value it. I read that it takes lot of energy use to “mine” a bitcoin. Sounds like a lot pollution is required to mine them. Who controls that and what if they decide they will allow bitcoins to be mined with less energy? It just seems so arbitrary.
“I still have no idea what a bitcoin is.”
A file that only the owner can access to transfer to another.
Exactly. It bothers me a lot that Trump is so very pro-crypto. To me, he is just accelerating the inevitable move to a cashless society. Big sigh.
“Who controls that and what if they decide they will allow bitcoins to be mined with less energy? “
Controlled by a code setup by some dude years ago.
As more bitcoin are mined, more computations are required to mine the remaining.
As the code resides on MANY computers, changing the code would be an enormous undertaking.
“I still have no idea what a bitcoin is.”
It is an alternate form of money the the world banking cartel doesn’t control and since there is a finite amount, it can’t be inflated into worthlessness.
“I don’t understand how to value it.”
Its value is determined only by whatever price people are willing to transfer it.
‘
I just learned that a bitcoin isn't rally a coin but rather it's 1 and 0s in a computer and/or a file that only the owner can transfer. And this is worth $80k per "coin"?
Why does bitcoin production require enormous amounts of power?
Well they rolled out Fedcoin along with the replacement for Debt card replacement called Fedach to replace the ACH Clearing House... last year...this is why Trump is killing off these Bitcoin operations as Trump wants to enable Fedcoin to replace the US Dollar so he can link Fedcoin to our Gold Supply which will wipe out the National Debt and drive kill inflation.
“Why does bitcoin production require enormous amounts of power?”
You have to guess a “number” that gives the correct hash value.
Bitcoin getting closer to its inherent value.
One of two reason I won’t touch bitcoin, or any intangible assets.
- Volatility
- You hold nothing - not even a piece of paper or IOU like a stock, bond or the dollar. It’s a vapor asset.
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