Bitcoin Updates: Crypto Market Divides as Pessimism Clashes with Institutional Confidence in Ethereum
- US stocks closed mixed on Nov 7, 2025, as Bitcoin fell below $100,000 amid $711.8M in crypto liquidations. - ARK Invest boosted Ethereum exposure by buying $9M of BitMine shares, signaling institutional confidence in ETH treasuries. - UK aligns stablecoin rules with US by Nov 10, while crypto firms form consortium to standardize cross-border payments. - Coinbase and Block underperformed revenue forecasts, with Block down 9% despite $6.11B revenue. - Market remains divided between Bitcoin bearishness and
On November 7, 2025, the US stock market ended the day with mixed results, while the cryptocurrency market saw significant turbulence.
Bitcoin’s sharp drop during the day reignited discussions about whether the decline marks the start of a bear market or is merely a temporary pullback. ARK Invest lowered its long-term price forecast for Bitcoin to $1.2 million by 2030, down from $1.5 million, citing the swift growth of stablecoins. Meanwhile, BitMine, which owns 3.4 million ETH worth $11.2 billion, has attracted investors looking to benefit from Ethereum’s yield opportunities,
The overall cryptocurrency sector, however, continued to face downward pressure. Both Coinbase (COIN) and Block (SQ) failed to meet revenue projections, with Block’s shares dropping 9% after posting $6.11 billion in revenue, missing the $6.34 billion consensus. Michael Saylor’s Strategy (MSTR), which secured €620 million through a euro-denominated preferred stock sale, declined 3.78% despite its ongoing Bitcoin accumulation. Robinhood (HOOD) also slipped 3.78%, even though its crypto trading revenue soared 300% year-over-year,
Regulatory shifts further contributed to the uncertainty. The UK revealed plans to introduce stablecoin regulations aligned with US standards by November 10,
Despite the ongoing volatility, some see new prospects emerging. BitDigital’s Ethereum reserves, now worth $590.5 million, underscore the market’s pivot toward yield-generating digital assets,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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