Crypto Chaos: A Jane Austen-Style Guide to Bitcoin’s Meltdown!

Dear Reader, it is with a most lamentable countenance that I must report the cryptocurrency market has commenced the week in a state of bearish disposition, with Bitcoin (BTC), Ethereum (ETH), and other tokens exhibiting a most grievous red hue. Yet, one must observe a marginal recovery on the hourly timescale, as BTC has reclaimed $95,000 after a most deplorable dip to $92,985. However, the flagship cryptocurrency is down nearly 1% over the past 24 hours, trading around $95,155, a most egregious decline. 🐷

Meanwhile, ETH is down over 1%, trading around $3,168. The world’s second-largest cryptocurrency had fallen to an intraday low of $3,022 before rebounding. Ripple (XRP) is marginally up over the past 24 hours, while Solana (SOL) is down 1% at $139. Dogecoin (DOGE) is down 1.40% and Cardano (ADA) is down over 2%, trading around $0.161. Chainlink (LINK) is down nearly 6% at $13.94, while Stellar (XLM) is down 1.39% at $0.257. Hedera (HBAR), Litecoin (LTC), Polkadot (DOT), and Toncoin (TON) have also registered substantial declines over the past 24 hours. 🎩

Japan Preparing Major Reset Of Crypto Rules

Japan is preparing to initiate significant reforms in its crypto regulatory framework as it moves to bring digital assets on par with traditional financial products. The classification makes digital assets subject to insider trading laws and lowers the tax burden on profits. The country’s Financial Services Agency (FSA) has been tasked with drafting measures to oversee over 100 cryptocurrencies, including BTC and ETH. Under the new rules, cryptocurrency exchanges will be required to disclose details about specific assets, including the issuer, technology used, and the risk of price fluctuations. 💸

The new rules bring market conduct rules familiar to equity traders into the crypto ecosystem, and bar individuals with non-public information tied to issuers or exchanges from trading on listings, delistings, and bankruptcies before they are disclosed. 🧑‍⚖️

“Japan’s Financial Services Agency (FSA) plans to reclassify 105 cryptoassets, including BTC and ETH, as “financial products” and push for a tax overhaul in fiscal year 2026-reducing the current progressive crypto tax rate of up to 55% to a flat 20% capital gains tax. The agency is also considering new insider trading restrictions to prohibit affiliated entities from trading on undisclosed information, such as token listings or financial conditions.”

Taxation will also see a shift, with a flat 20% tax on crypto gains, the same rate that applies to stock trading. This marks a significant reduction from the current 55%. 📈

Harvard University Triples Stake In BlackRock’s IBIT

Harvard University has increased its exposure to BlackRock’s IBIT ETF by 250% in the third quarter. The university bought into the fund earlier this year. Harvard Management Company stated in a regulatory filing that it currently holds over 6.8 million shares in the iShares Bitcoin Trust ETF (IBIT), worth $442 million as of September 30. Bloomberg ETF analyst Eric Balchunas stated that it is extremely rare to “get an endowment bite on an ETF,” adding that IBIT was Harvard’s largest position in its 13F. 🏛️

“Just checked and yeah, IBIT is now Harvard’s largest position in its 13F and its biggest position increase in Q3. It’s super rare/difficult to get an endowment to bite on an ETF- especially a Harvard or Yale, it’s as good a validation as an ETF can get. That said, half a billion is a mere 1% of the total endowment.”

Harvard has also invested in major US technology companies, including Amazon, Meta, Microsoft, and Alphabet. It has also nearly doubled its exposure to gold, boosting its ownership in the gold-backed ETF, SDPR Gold Shares (GLD). 🏦

Scaramucci Family Invests Over $100M In American Bitcoin

The Scaramucci family has invested over $100 million into American Bitcoin, the Trump family-backed Bitcoin mining company. The investment was made through Solari Capital, the investment firm founded by AJ Scaramucci. The company led a $220 million round in July, just months before American Bitcoin went public through a reverse merger. The mining company had previously not disclosed its investors. Scaramucci stated that Solari Capital had contributed over $100 million, but did not disclose the exact amount. 🚀

Bitcoin (BTC) Price Analysis

Bitcoin (BTC) has started the week in positive territory despite facing further downside over the weekend. The flagship cryptocurrency plunged over 5% on Friday, dropping to a low of $93,951 before settling at $94,503. It recovered on Saturday, rising 1.10% to reclaim $95,000, but lost momentum on Sunday, dropping 1.42% to end the weekend at $94,183, but not before falling to a low of $92,943. BTC has recovered during the ongoing session, up 1% at $95,134. 📉

BTC’s plunge to a low of $92,943 over the weekend led to the flagship cryptocurrency briefly losing all its gains this year. Markets remained in the red despite the US government reopening on Thursday after a record shutdown. Market analysts expected 2025 to be a strong year for crypto following President Trump’s inauguration on January 20. The Trump administration has been the most pro-crypto administration to date, and has largely followed through on most of its promises. The momentum has been further buoyed by regulatory clarity and the emergence of Bitcoin treasury companies, and rising inflows into Bitcoin ETFs. 🏁

However, the uncertainty around tariffs and the government shutdown, which ended after a record 43 days, has led to several substantial BTC price pullbacks. OG Bitcoin whales selling their holdings have further hindered a recovery and pushed prices lower despite positive regulatory and macroeconomic developments. However, Glassnode analysts argue that the “OG Bitcoin whales dumping” narrative isn’t as strong as it is being made out to be, explaining that it is “routine bull market behavior,” particularly during the late stages of a bull run. 🧠

“This steady rise reflects increasing distribution pressure from older investor cohorts – a pattern typical of late-cycle profit-taking, not a sudden exodus of whales.”

Analysts are also divided about whether the four-year cycle remains in effect, despite markets having significantly more institutional and regulatory backing compared to previous market cycles. Bitwise CIO Matt Hougan believes BTC will see a substantial rally due to the “debasement trade” thesis playing out. Hougan stated, 📊

“I think the underlying fundamentals are just so sound. I just think those are too big to keep down. So I think 2026 will be a good year.”

BTC ended the previous weekend in positive territory, rising over 2% and settling at $104,694. The price continued pushing higher on Monday, rising 1.23% to cross $105,000 and settle at $105,979. BTC reached an intraday high of $107,482 on Tuesday. However, it lost momentum as bear market conditions set in. As a result, it fell nearly 3% and settled at $103,009. Sellers retained control on Wednesday as the price fell 1.33% to $101,639.

BTC faced substantial selling pressure and volatility on Thursday. As a result, it slipped below the crucial $100,000 mark, falling to a low of $97,870 before settling at $99,614. Selling pressure intensified on Friday as the price plunged over 5%, falling to a low of $93,951 before settling at $94,503. Despite the overwhelming selling pressure, BTC recovered on Saturday, rising 1.10% to reclaim $95,000 and settling at $95,544. Selling pressure returned on Sunday as BTC fell to a low of $92,943 before settling at $94,183, ultimately dropping 1.42%. BTC is up almost 1% during the ongoing session, trading around $94,890. 📈

Ethereum (ETH) Price Analysis

Ethereum (ETH) bounced back on Monday after substantial volatility and selling pressure on Sunday. The world’s second-largest cryptocurrency registered a sharp drop on Friday and settled at $3,111. It recovered on Saturday, rising nearly 2% to $3,167. Selling pressure and volatility returned on Sunday as ETH fell to a low of $3,009 before settling at $3,097. The altcoin is up almost 3% during the ongoing session, trading around $3,188. 📉

ETH’s drop to $3,009 puts the token’s value down 35% from its highest level earlier this year as bear market conditions tighten their grip on the market. The altcoin slumped as investors continued to exit their positions. According to data from SoSoValue, spot Ethereum assets have registered substantial outflows over the past few weeks. The ETFs have seen outflows for the past six days, bringing the total cumulative outflows to around $13 billion. 💸

ETH’s ongoing decline can be attributed to the ongoing downtrend in its futures open interest. On-chain data shows that interest has dropped over 50% since October as demand wanes. However, data from CoinGlass reveals that the number of ETH tokens held on centralized exchanges has seen a substantial drop. Centralized exchanges currently hold 11.96 million ETH tokens, down from a high of 16.36 million in July. Falling exchange balances are often interpreted as a bullish sign as they indicate investors are moving their assets into self-custody. It also means a drop in selling pressure. 🧭

Analysts believe ETH must reclaim the $3,600 level to flip the current bearish structure. 📈

ETH ended the previous weekend in positive territory, rising over 5% and settling at $3,583. It faced selling pressure and volatility on Monday before registering a marginal decline and settling at $3,567. Bearish sentiment intensified on Tuesday as the price fell over 4%, slipping below $3,500 to $3,417. ETH reached an intraday high of $3,586 on Wednesday. However, it lost momentum after reaching this level and settled at $3,414, ultimately registering a marginal decline.

Bearish sentiment intensified on Thursday as ETH fell 5.34% to $3,231. Sellers retained control on Friday as the price fell nearly 4% and settled at $3,111. ETH recovered on Saturday despite the overwhelming selling pressure, rising 1.78% to $3,167. Price action returned to bearish territory on Sunday as ETH fell 2.20% to a low of $3,009 before settling at $3,097. The altcoin has recovered during the ongoing session, up over 3% at $3,197. 📈

Solana (SOL) Price Analysis

Solana (SOL) is up over 3% during the ongoing session and has reclaimed $140. The altcoin registered a sharp drop on Friday before posting a marginal recovery on Saturday and settling at 139. However, selling pressure returned on Sunday as the price fell 1.66% and settled at $137. The price has risen over 3% during the ongoing session, trading around $141. 📉

Active addresses on Solana registered a sharp drop, falling to a 12-month low as user behavior shifted drastically. However, Solana bulls remain optimistic of a recovery and a move to $200. Active addresses at the beginning of the year stood at 9 million, with the latest figures reflecting a 63% drop. Analysts attribute the decline to waning interest in memecoins. On-chain data reveals concentrated activity in specific metrics despite falling user metrics. Solana users spiked in 2024, thanks to a memecoin frenzy. The surge in users had a drastic impact on overall network metrics. 🧠

SOL ended the previous weekend in positive territory, rising over 4% to $164. Buyers retained control on Monday as the price rose 1.66% and settled at $167. However, selling pressure returned on Tuesday as SOL plunged nearly 8% to $154. Sellers retained control on Wednesday as the price fell 0.78% and settled at $153. Buyers attempted a recovery on Thursday as SOL reached an intraday high of $157 before losing momentum and settling at $144, ultimately dropping 5.67%. 📉

SOL’s downtrend continued on Friday as it fell 4% and settled at $138. Price action was mixed over the weekend as SOL registered a marginal increase on Saturday before dropping 1.66% on Sunday and settling at $137. The price has recovered during the ongoing session, up 3.53% at $142. 📈

Polkadot (DOT) Price Analysis

Polkadot (DOT) started the previous weekend in positive territory, rising nearly 22% and settling at $3.24. Price action returned to bearish over the weekend as DOT registered a marginal decline. DOT rose almost 1% on Monday before dropping over 6% on Tuesday and settling at $3.05. Sellers retained control on Wednesday as the price fell 4.26% to $2.92. Selling pressure persisted on Thursday as DOT fell 2.40% and settled at $2.85. 📉

DOT’s downtrend continued on Friday as the price fell 1.40% to $2.81. Price action was mixed over the weekend as DOT rose nearly 1% on Saturday before dropping 1.41% on Sunday and settling at $2.79. DOT is up 0.72% during the ongoing session, trading around $2.81. 📈

Aptos (APT) Price Analysis

Aptos (APT) started the previous weekend on a bullish note, rising over 15% and settling at $3.161. The price dropped 2.41% on Saturday before rising over 5% on Sunday to end the weekend at $3.239. Buyers retained control on Monday as APT rose nearly 2% and settled at $3.295. However, selling pressure returned on Tuesday as the price fell by over 6% to $3.092. Sellers retained control on Wednesday as APT fell 1.87% and settled at $3.034. 📉

Price action remained bearish on Thursday with APT falling 1.73% to $2.982. The price faced volatility on Friday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price fell 2.11% to $2.919. Price action was mixed over the weekend as APT registered a marginal increase on Saturday before dropping over 3% on Sunday to settle at $2.831. APT is up over 2% during the ongoing session, trading around $2.892. 📈

2025-11-17 17:29