Crypto Market Faces Turbulence Amid Major Developments

News Flash 2025-11-17 10:30

Michael Saylor has refuted claims that his company, Strategy, is offloading Bitcoin, asserting that they continued purchasing even as Bitcoin's price fell below $95,000 during recent market volatility. Meanwhile, the cryptocurrency market has shed $1.1 trillion over 41 days, now 10% below the record liquidation levels seen on October 10th, with Bitcoin temporarily erasing all gains made in 2025. In other news, Peter Schiff has labeled Strategy's business model as "fraudulent" and has challenged Saylor to a debate at the upcoming Binance Blockchain Week in Dubai this December. Additionally, Cathie Wood's ARK has acquired $46 million worth of Circle stock as its price dipped below $90, marking their first purchase since selling 1.7 million shares in June. The XRP ETF launched with a record-breaking $250 million in inflows and $58 million in trading volume, surpassing all other crypto and traditional ETF launches in 2025. However, Bitcoin ETFs experienced a significant outflow of $866 million, marking the second-worst day on record amid concerns over a potential government shutdown, though analysts remain optimistic about the long-term outlook.

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