Bitcoin is trading around $95,900 after falling 3.5% in 24 hours and 5.5% over the past week. The Fear & Greed Index has declined to 22, entering "Fear" territory and reflecting growing investor anxiety. Some analysts are identifying a potential Wyckoff Distribution pattern, with a measured downside target of $86,000.

The U.S. Securities and Exchange Commission has released updated guidelines to help crypto ETF issuers accelerate their filing processes following a backlog from the recent government shutdown. Under the new guidance, registration statements filed without delaying amendments will become effective automatically after 20 days under Section 8(a) of the Securities Act. Bloomberg ETF analyst Eric Balchunas noted that Bitwise's XRP ETF may be among the next funds positioned to advance under the new framework.

XRP declined 5% following the November 13 debut of Canary Capital's ETF, which attracted $245 million in day-one inflows and surpassed Bitwise's Solana ETF as 2025's largest launch. The token traded near support levels between $2.25 and $2.40 as analysts maintained bullish targets above $4 contingent on market recovery.

Bitcoin fell to $97,031 on November 14, breaking below the $100,000 support level with a 2.59% decline. The drop triggered $448.48 million in leveraged long liquidations across major exchanges. The cryptocurrency has declined 23% from its October peak of $126,000.

Binance has integrated BlackRock's USD Institutional Digital Liquidity Fund as collateral for off-exchange trading operations. The tokenized fund expanded to BNB Chain on Friday, bringing its total operational networks to eight. Institutional traders can now deploy capital while maintaining exposure to tokenized Treasury assets.

Federal Reserve Governor Stephen I. Miran warned that expanding dollar-backed stablecoins could pressure the neutral interest rate downward by increasing U.S. Treasury purchases. The CFTC is preparing to authorize leveraged spot cryptocurrency trading on regulated exchanges as early as next month, Acting Chair Caroline Pham confirmed. Senate lawmakers released a bipartisan draft bill that would grant the CFTC jurisdiction over spot digital commodities including Bitcoin and Ether.

Hyperliquid's liquidity provider system absorbed approximately $5 million in losses following coordinated POPCAT token manipulation on November 12. The attack involved leveraged positions across multiple wallets that artificially inflated prices before triggering mass liquidations. HYPE token currently trades at $38.09, below key moving averages, while futures Open Interest has declined to $1.56 billion.

Price manipulation attacks resulted in $42 million in losses across 51 separate incidents during 2025, according to CertiK Alert. The November 12 incident involving Popcat on Hyperliquid demonstrated coordinated manipulation tactics, triggering $63 million in liquidations through artificial buy walls and sudden order withdrawals. CertiK recorded 19 incidents in Q4 alone, approaching Q2's peak of 20 cases.