Strategy founder Michael Saylor rejected the argument that stablecoins compete with Bitcoin after ARK Invest CEO Cathie Wood revised her 2030 Bitcoin price forecast. Wood lowered her projection from $1.5 million to $1.2 million on November 6, citing stablecoin adoption in hyperinflation-affected emerging markets. Saylor countered that Bitcoin serves as digital capital while stablecoins function within transactional finance, describing them as complementary rather than competitive.

Bitcoin has declined into the $83,000–$84,000 demand zone, an area that supported recoveries in March and June. The Winklevoss twins raised $100 million through their digital asset treasury Cypherpunk to acquire up to 5% of Zcash's supply, emphasizing privacy-focused assets. Bitmain, the world's largest mining hardware producer, faces a U.S. national-security investigation examining potential risks tied to its ASIC equipment.

Solana trades near $126.50 after declining 49% from its September 17 peak, while on-chain data show rising wallet activity and new address creation. Analysts view the $125–$130 range as a historical support zone, with a reclaim of $130 seen as critical for shifting momentum.

Bitcoin exchange-traded fund holders may face their first significant pressure test as the cryptocurrency trades near key support levels. Data shows the average purchase price for U.S.-based ETF investors sits around $79,300, with the asset currently trading at approximately $84,500 after declining over 11% in the past week. Analysts warn that a breach below this cost basis could trigger panic selling among retail participants who have not experienced previous Bitcoin market cycles.

XRP has fallen below its descending channel, placing bearish momentum in focus with critical support at $1.61. The Bitwise XRP ETF debuted with $25.7 million in first-day trading volume and $107.6 million in assets under management. The launch signals strong demand for regulated exposure as technical indicators point to a decisive phase for the token.

Coinbase finalized the acquisition of Vector.fun, a Solana-native trading platform, on November 21, 2025. The deal integrates Vector's technology into Coinbase's decentralized exchange infrastructure while bringing the 13-member team onboard. Vector.fun specializes in low-cost perpetuals and spot trading on Solana, which recorded over $1 trillion in DEX volume in 2025.

No new companies have added Bitcoin to their balance sheets since September 18, when GD Culture Group became the last first-time adopter. Existing holders continue to dominate demand, with Strategy acquiring 8,665 BTC on November 17. Meanwhile, miners have adjusted their holdings amid operational pressures, with some pledging coins as collateral while others maintain steady accumulation.

Bitcoin dropped below $82,000 after long-term holder Owen Gunden sold $1.3 billion worth of BTC and spot ETFs recorded $1.2 billion in weekly net outflows—the largest since February. Marathon Digital Holdings transferred 648 BTC valued at $59 million to trading platforms. Uncertainty surrounding Federal Reserve rate policy and declining Treasury yields added pressure to market sentiment.