Bitcoin
1.42%
Bitcoin
BTC
Price
$91,850.45
1.42% /24h
Volume in 24h
$76.47B
Price 7d
Learn more
plunged to an overnight low of $92,800, marking a 26% drawdown from October’s $126,000 all-time high. Price is now sitting exactly on the lower boundary of the 2025 bullish channel. A daily close below $91,000 would break this year-long structure and likely trigger another leg down toward $84,000–$87,000, the zone of the 200-day EMA and July breakout level. Funding rates are deeply negative, open interest has collapsed by $4.8 billion in 48 hours, and spot Bitcoin ETFs recorded another $390 million outflow yesterday — pushing November’s total redemptions above $2.7 billion, the worst monthly figure on record. But is everything red? Not really: some altcoins like UNI and ASTER are shining as the best crypto to buy right now despite the broader market plunge.
(Source: Coingecko)
Ethereum followed suit, dropping under $3,100, Solana rejected $150 and now trades at $141, while XRP clings to $2.22. More than $1.1 billion in positions were wiped out in the past 24 hours, with 83% hitting over-leveraged longs. Long-term holders continue distributing at the fastest daily rate since the 2022 capitulation phase.
Spot Bitcoin ETFs recorded another $390 million in net outflows on November 16, bringing the monthly total to $2.73 billion — the worst month since the products launched in 2024 and the second-largest monthly redemption ever. BlackRock’s IBIT alone saw $218 million leave yesterday, while Fidelity’s FBTC and ARK’s ARKB contributed $94 million and $61 million respectively. Grayscale’s GBTC continues to bleed, with $112 million out in the latest session.
From November 10 to 14 (ET), U.S. spot Bitcoin ETFs recorded a weekly net outflow of $1.11 billion, marking the third consecutive week of outflows. Spot Ethereum ETFs saw a weekly net outflow of $729 million, the third largest on record, with all nine ETFs posting no net inflows.… pic.twitter.com/0eZZ30EtfP
— Wu Blockchain (@WuBlockchain) November 17, 2025
Ethereum ETFs aren’t faring better: $107 million in outflows over the weekend pushed the weekly total to $508 million. Year-to-date, Bitcoin ETFs are still net positive by roughly $28 billion, but the pace of inflows has completely reversed since mid-October.
The sudden shift coincides with rising U.S. Treasury yields and reduced expectations for aggressive Fed rate cuts in 2026.
EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now
Not everything is bleeding.
Uniswap
2.23%
Uniswap
UNI
Price
$7.38
2.23% /24h
Volume in 24h
$834.98M
Price 7d
Learn more
is up 8% today to $8.02 as the long-awaited fee-switch governance vote officially starts. Passage would redirect a portion of the protocol’s $400M+ annual revenue directly to UNI buybacks and burns, a fundamental catalyst traders have waited years for. Whales scooped an additional 1.2 million tokens this week alone.
Aster
0.67%
Aster
ASTER
Price
$1.18
0.67% /24h
Volume in 24h
$734.66M
Price 7d
Learn more
leads the gainers with a 13% surge to $1.32, fueled by record $12.4 billion in 24-hour perpetuals volume and token unlocks postponed until 2026. Extreme fear levels (Fear & Greed Index at 12), flushed leverage, and slowing old-whale selling have repeatedly marked major turning points in past cycles.
When sentiment is this negative and a handful of projects still show independent strength, history suggests the best crypto to buy is often right in front of you.
MicroStrategy (now “Strategy”) has bought another 8,178 BTC for approximately $835.6 million, according to its recent SEC filing. The average purchase price was about $102,171 per BTC. This brings Strategy’s total Bitcoin holdings to 649,870 BTC, acquired for a total of around $48.37 billion, or ~$74,433 per coin. The buy was primarily funded through the firm’s preferred stock issuances. This latest accumulation underscores Strategy’s continued conviction in Bitcoin as a long-term treasury asset. Japan is all set to classify cryptocurrencies as financial products under the Financial Instruments and Exchange Act (FIEA). Further to this, it also plans to introduce a new taxation regime for this sector as part of its crypto reform process. According to an article published by a local media, Japan’s Financial Services Agency (FSA) wants to reclassify 105 cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), under the FIEA, effectively putting crypto under the same umbrella as stocks and bonds. This expansion of the regulatory umbrella onto crypto aims to ensure that the sector falls under investor protection rules and is held up to a higher standard. JUST IN: — Whale Insider (@WhaleInsider) November 17, 2025 As per the proposed rules, cryptocurrencies like BTC and ETH, listed on domestic exchanges, will need to follow strict protocols regarding disclosure agreements. Exchanges in Japan must clearly disclose each token’s issuer, blockchain infrastructure, and historical price volatility. EXPLORE: Top 20 Crypto to Buy in 2025 Read The Full Article Here The hunt for the “next crypto to explode” usually circles back to the paradox of choice: there are too many cryptos! Yet, right now, Pi Network, Aster, and a new crypto presale, Pepenode, are stacking their claims to be breakout stars. Capital hasn’t just trickled into Aster but has been pouring in. The rotation is obvious, fast, and bigger than anything else moving in the market right now. (Besides maybe Zcash) Here’s what to know about Aster, Pi Network, and Pepenode: DISCOVER: 20+ Next Crypto to Explode in 2025 Read The Full Article Here According to Tokenomist, more than $297 million in token unlocks are set to hit the market this week. Notable one-time unlocks above $5 million include ZRO, SOON, YZY, ZK, MBG, KAITO, and APE. At the same time, significant daily linear unlocks of over $1 million per day will impact major assets such as SOL, TRUMP, WLD, DOGE, ASTER, AVAX, TAO, ZEC, and ETHFI. Is the bear market off? Starknet’s STRK, Dash, and Telcoin are breaking higher even as wider crypto trades in deep fear – Best altcoin to buy now? Three mid-cap tokens, Starknet’s STRK, Dash (DASH), and Telcoin (TEL) posted sharp gains over the past 24 hours. They moved ahead of Bitcoin and Ethereum on November 16, as traders shifted into smaller assets with fresh triggers. That contrast has prompted traders to question whether these pockets of strength signal a genuine trend or if they are merely brief bursts driven by thin liquidity. Most major tokens showed little movement during the same period. Global market value hovered between $3.25 trillion and $3.27 trillion, down about -0.2% to -0.6% on the day. Trading volumes also cooled while the Crypto Fear & Greed Index printed 9 out of 100, a level that signals heavy caution. Despite the cautious mood in the wider market, a few mid-cap tokens broke away from the trend. DISCOVER: Top 20 Crypto to Buy in 2025 Read the Full Article HereMicroStrategy Boosts Treasury With 8,178 BTC Acquisition
Japan’s FSA Proposes 20% Flat Crypto Tax, Doing Away With The 55% “Miscellaneous Income” Category
Japan’s FSA plans to classify crypto as financial products, and cut the tax rate from 55% to a flat 20%. pic.twitter.com/MRUfrjLMYIPi Network Rotation Into ASTER Will Be Studied: Is Pepenode Next Crypto to Explode?
$297M in Token Unlocks Set for This Week
What Bear Market? STRK, DASH, TEL Erupt: Best Altcoin to Buy Now
The post Crypto News Today, November 17 – Has the Crash Run Its Course? Bitcoin Dips Below $93K, ETH Nears $3K, While Uniswap UNI Holds Green – Best Crypto to Buy Right Now? appeared first on 99Bitcoins.
