Bitcoin price plummets to $85k! Will it crash to $80k or bounce back? Find out!

Bitcoinโ€™s price dropped like a lead balloon thanks to a long squeeze, where traders holding long positions were hit with a tsunami of liquidations. According to Coinglass, a whopping $443 million worth of long positions were liquidated in just 24 hours, compared to a paltry $26 million in short positions. Those long holders were probably cursing their luck as they watched their money vanish into thin air. ๐Ÿ’ธ

๐Ÿค‘ XRP ETF: A Dash of Dash for the NYSE! ๐Ÿค‘

Bitwise Asset Management, with a flourish of their quill, has launched the Bitwise XRP ETF upon the grand stage of the New York Stock Exchange. The fund, I assure you, is now available for trading, having navigated the labyrinthine NYSE certification and SEC procedures with admirable aplomb. It is a spot exchange-traded fund, designed to offer investors direct exposure to XRP, the third-most esteemed cryptocurrency. ๐ŸŒŸ

Crypto Confab: Lisbon’s Latest ๐Ÿค”

From the fourteenth to the sixteenth of November, the Carlos Lopes Pavilion played host to this assembly of those who seek to make a living – or, at least, a passable imitation thereof – by discoursing on the marvels of digital currency. Executives, creators, and others of varying degrees of involvement populated the halls, all ostensibly engaged in pondering the shifting sands of influence and monetization. Such earnestness! ๐Ÿ™„

Aave Labsโ€™ โ‚ฌ25K Cryptocurrency Gift Makes Trinity Uni Ireland’s Cryptocurrency Guru ๐Ÿค‘๐Ÿš€

The college announced it will use the cryptocurrency royalties to bolster students from less-represented backgrounds and whisk them off towards the promising careers in business-a philanthropic gesture that now means the electrical grid at college will soon have to carry the load of cryptocurrency mining rigs and not just the coffee makers. Itโ€™s noteworthy; this is the first ever crypto donation Trinity has received, seemingly amplifying the college’s role as a crypto old hand.

๐Ÿ˜‚ Coinmasters’ Quirky Quandary: Coinbase & Ethereum Loans Hilarity

Coinbase has unveiled a delightful spectacle of financial alchemy: Ethereum (ETH)-backed loans. This new gift allows U.S. patrons, sparing New Yorkers, to borrow USDC, preserving their ETH in its untouched glory. Announced on the 20th of November, this pawn to debut their novel crypto-collateral lending service, previously the sole domain of Bitcoin (BTC).