MarketsShare this articleBy Krisztian Sandor, James Van Straten|Edited by Stephen AlpherNov 17, 2025, 6:59 p.m.Bitcoin (BTC) price on November 17 (CoinDesk)What to know:Bitcoin fell to a fresh six-month low below $93,000, erasing all its 2025 gains and now 27% off from its October record high.Stronger-than-expected economic data further diluted Fed rate cut expectations.Bitfinex analysts see a local bottom forming soon as short-term holders capitulate.Bitcoin BTC$92,457.30 slumped to a fresh six-month low on Monday, extending its multi-week retreat as crypto sentiment continued to deteriorate.After a slight rebound from overnight lows, BTC — in what's become a familiar pattern — resumed its decline in the U.S. session, falling to $92,500, down 2.4% through the past 24 hours and nearly 13% over the past week. The largest crypto now has erased all its 2025 gains and declined 27% from its record high a little more than a month ago. Ether ETH$3,204.60 hovered above $3,000, off 2% in the past 24 hours and 15% over the past week.STORY CONTINUES BELOWDon't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.The bearish sentiment spilled into crypto-related equities with Coinbase (COIN), Circle (CRCL), Gemini (GEMI) and Galaxy (GLXY) tumbling around 7%. Digital asset treasury-linked companies continued their descent: Strategy (MSTR), the largest corporate bitcoin holder, slid 4% to its lowest since October 2024, while ether treasury firms BitMine (BMNR), ETHZilla fell 8% and 14%, respectively. Solana-linked Upexi (UPXI) and Solana Company (HSDT) dropped 10% and 7%, respectively.Bitcoin miners tied to high-performance computing and AI infrastructure fared better after weeks of drawdowns. Hive Digital (HIVE) jumped 10% on news its HPC subsidiary struck an AI cloud partnership with Dell Technologies. IREN (IREN) and Hut 8 (HUT) also posted modest gains.Diminishing chance for Fed rate cutThanks to the government shutdown, there hasn't been much in the way of official economic statistics for weeks, making otherwise little-followed reports grow in importance.To wit, this morning's New York Federal Reserve’s Empire State Manufacturing Survey. That gauge unexpectedly jumped eight points to 18.7, far above analyst forecasts for a decline to 6. The upside surprise is likely to add to the growing case for the Fed to hold interest rates steady at its next meeting in December, rather than cut, as previously expected by markets.Polymarket traders are now assigning a 55% odds that the federal funds rate will remain unchanged at the December meeting, while the CME FedWatch Tool places the probability of pausing slightly higher at around 60%.CoinDesk Senior Analyst James Van Straten also pointed to a technical headwind. Bitcoin futures on the Chicago Mercantile Exchange (CME) opened at $93,840 on Sunday, leaving a gap to $91,970 from April still unfilled — a level that may attract short-term downward pressure, as bitcoin frequently revisits such gaps, he noted.Meanwhile, Bitfinex analysts noted that the pace of realized losses is starting to stabilize, suggesting bitcoin could be approaching a local low for at least for a rebound."Across multiple historical cycles, sustainable bottoms have only formed after short-term holders have capitulated into losses and not before," the analysts said in a note shared with CoinDesk. "The market appears to be approaching that threshold once again, with near-term resilience contingent on whether this capitulation phase can exhaust remaining sell-side pressure."They added that this is now the third-largest pullback since 2023, and second-largest since the U.S. spot bitcoin ETFs launched, arguing that a local bottom could form "relatively soon."Read more: Bitcoin Accumulation Amid Market Weakness? Sharp Rise in 1K BTC Holders Suggests SoBitcoin NewsMarket WrapBitfinexBreaking NewsMore For YouProtocol Research: GoPlus SecurityBy CoinDesk ResearchNov 14, 2025Commissioned byGoPlusWhat to know:As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.View Full ReportMore For YouWhat Next For Dogecoin as Bitcoin 'Death Cross' Puts Major Memecoin in CrosshairsBy Shaurya Malwa, CD Analytics11 minutes agoBitcoin's Death Cross, a bearish signal, occurred as the 50-day moving average fell below the 200-day moving average.What to know:Dogecoin rallied 4.4% to $0.156 before late-session selling erased gains.Bitcoin's Death Cross, a bearish signal, occurred as the 50-day moving average fell below the 200-day moving average.Analysts caution that Bitcoin's macro trends could pressure meme coins like DOGE, which remains sensitive to market shifts.Read full storyLatest Crypto News What Next For Dogecoin as Bitcoin 'Death Cross' Puts Major Memecoin in Crosshairs11 minutes agoXRP Slumps 5% as Bitcoin's Break Under $93,000 Leads to Bearish Outlook For Majors21 minutes agoKindly MD Delays Earnings Report Filing as Merger Losses Mount; Shares Drop46 minutes agoFigure Stock Jumps as Druckenmiller Invests $77M, Analysts Raise Price Targets1 hour agoTrump’s Maldives Hotel Will Be a Tokenized Real Estate Project1 hour agoCboe to Debut Bitcoin, Ether ‘Perpetual-Style’ Crypto Futures on Dec. 151 hour agoTop StoriesHigh-Stakes Gambler Liquidated for $168M After Shorting the Bottom of Crypto Plunge2 hours agoBitcoin Accumulation Amid Market Weakness? Sharp Rise in 1K BTC Holders Suggests So3 hours agoFigure Stock Jumps as Druckenmiller Invests $77M, Analysts Raise Price Targets1 hour agoTrump’s Maldives Hotel Will Be a Tokenized Real Estate Project1 hour agoBitMine Immersion Acquires $173M in Ether as Tom Lee Suggests Reason Behind Crypto Weakness3 hours agoStrategy Returns to Large Bitcoin Buys, Adding $835M Last Week5 hours agoIn this articleBTCBTC$95,789.16◢0.37%ETHETH$3,204.60◢0.51%