Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Bitcoin Updates Today: Bitcoin's Turbulent Fluctuations: Lasting Rebound or Brief Pause?

Bitcoin Updates Today: Bitcoin's Turbulent Fluctuations: Lasting Rebound or Brief Pause?

Bitget-RWA2025/11/23 03:22
By:Bitget-RWA

- Bitcoin surged 1.63% to $84,000 on Nov 23, 2025, after hitting a seven-month low, amid mixed bearish and bullish signals. - A 4.53% drop on Nov 21 triggered $1.9B in liquidated leveraged positions and a $120B market cap loss in one day. - Analysts debate sustainability of recovery, citing extreme retail fear, historical bullish reversals, and retesting of key technical support. - Crypto-related stocks like Coinbase and Bitcoin ETFs rose, but institutional confidence wavered as MicroStrategy fell 5%. - Un

On November 23, 2025, Bitcoin’s price fluctuated between bearish and bullish territory, climbing 1.63% to reach $84,000 after dipping to a seven-month low of $81,629 earlier in the week. The overall cryptocurrency market, which had previously dropped below a $2.8 trillion valuation, began to show signs of steadying, though

on whether this uptick marks a lasting recovery or just a brief rally.

The downturn started on November 21, when

slid 4.53% to $82,605, pushing its monthly decline to 23%—the steepest drop since June 2022. In just four hours, over $1.9 billion in leveraged long positions were wiped out, and the crypto market’s total capitalization shrank by $120 billion in one day. , and open interest in perpetual futures contracts dropped 35% from the October high, indicating a pullback from institutional investors. At the same time, , , and BNB all suffered double-digit losses, weighed down by disappointing U.S. jobs data and diminishing expectations for Federal Reserve rate reductions .

Bitcoin Updates Today: Bitcoin's Turbulent Fluctuations: Lasting Rebound or Brief Pause? image 0
Despite the turbulence, some market watchers believe a rebound could be forming. Bitcoin has once again tested a crucial technical support within a symmetrical ascending channel that has been in place since early 2023. Data from Santiment also points to heightened retail anxiety, with the CoinMarketCap Fear and Greed Index at 15 out of 100. Historically, such extreme fear has often preceded bullish reversals, as seen after the U.S. government shutdown in 2019. Moreover, on November 19 to $92,621, along with a 2.3% rally in the broader market, suggests that short-term buyers are stepping in.

The stock market for crypto-related companies reflected Bitcoin’s mixed results.

(COIN) advanced 1.7%, while (BITF) jumped 6.2% as Bitcoin rose 1.3% to $91,735 on November 20. and iShares Bitcoin Trust ETF (IBIT) each climbed 2.6%, indicating renewed speculative activity. Still, institutional sentiment remains shaky: amid growing concerns about margin risks for leveraged investors.

Several uncertainties remain.

and upcoming macroeconomic indicators are expected to shape Bitcoin’s next move. While a crypto-friendly U.S. administration and increasing institutional involvement provide long-term hope, the market still faces immediate headwinds from major liquidations and the aftermath of October’s $19 billion leveraged bet collapse. At present, the $94,000 resistance level as a possible trigger for further upward momentum.

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin News Today: Bitcoin as Digital Gold, Ethereum as the Engine of Decentralized Finance: How Cryptocurrencies Are Carving Out Distinct Functions

- BlackRock executives highlight Bitcoin's shift toward "digital gold" as a long-term store of value, supported by institutional demand and fixed-supply models like Bitcoin Munari. - Ethereum's faster transaction velocity (3x BTC) reinforces its "digital oil" role, contrasting with Bitcoin's stable, passive accumulation strategy and macro-hedge appeal. - Regulatory clarity on stablecoins and blockchain transparency could deepen Bitcoin's institutional adoption while highlighting risks in altcoins like Aero

Bitget-RWA2025/11/23 09:28
Bitcoin News Today: Bitcoin as Digital Gold, Ethereum as the Engine of Decentralized Finance: How Cryptocurrencies Are Carving Out Distinct Functions

Stargate’s AI Strategy: Safeguarding the Nation or Raising Antitrust Concerns?

- Stargate, a $500B AI joint venture led by OpenAI, Oracle , and Nvidia , aims to consolidate computing power across seven gigawatt data centers in the U.S. and UAE. - Yale scholar Madhavi Singh warns the alliance violates antitrust laws by merging fierce competitors, risking cartel-like behavior and stifling innovation in chips and cloud services. - Critics argue Stargate eliminates competition in key AI sectors, while the Trump administration and lawmakers praise it as a strategic move to counter China,

Bitget-RWA2025/11/23 09:28
Stargate’s AI Strategy: Safeguarding the Nation or Raising Antitrust Concerns?

Bitcoin Updates Today: Bitcoin Faces a Battle: DWF Issues Buy Alert Amid Market Turbulence

- DWF Labs buys Bitcoin at $84,000 amid 30%+ drop from $126,000 peak, signaling institutional confidence despite market turbulence. - U.S. market weakness highlighted by 21-day negative Coinbase premium (-0.0989%) and $3.79B ETF outflows, including $523M from BlackRock's IBIT . - Strategic buyers like Harvard (+250% IBIT holdings) and Japan's Metaplanet (¥15B allocation) contrast with $4B in realized Bitcoin losses and 35% drop in futures open interest. - Long-term bullish factors include U.S. Strategic Bi

Bitget-RWA2025/11/23 09:28
Bitcoin Updates Today: Bitcoin Faces a Battle: DWF Issues Buy Alert Amid Market Turbulence

Bitcoin News Today: "Institutional Embrace Helps Steady Bitcoin During Market Volatility"

- Bitcoin remains stable amid market volatility, with analyst Lyn Alden dismissing crash fears due to institutional adoption and macroeconomic factors. - Stablecoin reserves hit $72B, while Circle's USDC outpaces Tether and Solana secures $1B in institutional funding, signaling growing regulated crypto confidence. - Alden predicts $100K Bitcoin by 2026, attributing stability to extended cycles driven by macro demand rather than traditional halving patterns. - Diverging analyst views highlight risks, but Al

Bitget-RWA2025/11/23 09:28
Bitcoin News Today: "Institutional Embrace Helps Steady Bitcoin During Market Volatility"