Inflationary Pressure and Institutional Losses Shape Crypto Market
Three key takeaways
Bitcoin reacted sensitively to US inflation data, which makes a potential Fed interest rate hike in December seem more likely.
Bitmine Immersion Technologies reported an annual loss exceeding $6.3 billion, primarily due to unrealized losses on Ether holdings.
Ripple's David Schwartz significantly reduced his XRP, Bitcoin, and Ethereum holdings to minimize personal risk.
The crypto market reacts to macroeconomic data and internal developments.
Read daily context
Daily context
In this issue, the crypto market is influenced by macroeconomic factors and specific corporate developments. Bitcoin faced selling pressure following the release of higher-than-expected US inflation data, which reinforced expectations of a more restrictive Federal Reserve monetary policy. Concurrently, Bitmine Immersion Technologies reported a substantial annual loss exceeding $6.3 billion, primarily driven by the decline in Ether's price. These events underscore the crypto market's ongoing sensitivity to external economic signals and the volatility of digital assets. Reactions range from strategic portfolio reductions by prominent figures to the cessation of operations by smaller platforms, highlighting the necessity for careful risk assessment among all market participants.
Why this matters for this issue
Current market movements indicate that macroeconomic data and the financial health of major players remain significant influencing factors. Note that even prominent figures strategically reduce their crypto holdings to manage risk. Your own risk tolerance and a clear strategy are crucial in this volatile environment.
Market pulse
BTC
$74.8K
+1.15% 24h / -2.62% 7d
ETH
$2.1K
+1.57% 24h / -5.81% 7d
Total Market Cap
$2.5T
-0.95% 24h
24h Volume
$68.8B
Global crypto volume
BTC Dominance
59.61%
Rotation filter
Fear & Greed
32
Fear
Stories
What matters in this issue
Every item now opens its own story page with summary, context, market data, and sources in one place.
Bitcoin Faces Selling Pressure Following US Inflation Data
Bitcoin experienced selling pressure after the US October Consumer Price Index (CPI) data showed a 0.4% monthly increase, exceeding market expectations. This reinforced predictions of a potential Federal Reserve interest rate hike in December, with the probability of a 50 basis point increase rising to 14.7%.
- US October CPI rose 0.4% monthly, exceeding expectations of 0.3%.
- The probability of a 50 basis point Fed rate hike in December increased to 14.7%.
- Bitcoin briefly dropped below $74,000, nearing an 11-week low.
Bitmine Reports Over $6.3 Billion Annual Loss Due to Ether Price Decline
Bitmine Immersion Technologies reported a net loss exceeding $6.3 billion for the fiscal year ending August 31, 2026. Approximately $6.23 billion of this loss was attributed to unrealized fair-value losses on digital assets, primarily due to an approximate 44% decline in Ether's price during the fiscal year.
Open storyRipple's David Schwartz Significantly Reduces XRP, Bitcoin, and Ethereum Holdings
David Schwartz, former Chief Technology Officer of Ripple, has dramatically reduced his cryptocurrency portfolio, including XRP, Bitcoin, and Ethereum. He sold 23 million XRP, 1,499 BTC, and 39,994 ETH as part of a personal risk management strategy guided by a formal written sales plan.
Open storyXRP Investment Potential Questioned Amid Price Decline and Market Skepticism
XRP's investment potential is being questioned due to its price decline and ongoing market skepticism. Despite a rise in average daily transactions on the XRP Ledger, this has not translated into stronger demand or value for XRP.
Open storyTrader AguilaTrades Incurs $547,000 in Bitcoin Losses, Opens New 40x Long
Trader AguilaTrades recorded a mere 33% win rate across 18 Bitcoin trades over the past week, accumulating $547,000 in losses. Despite these setbacks, he opened a new 40x leveraged long position on 340.45 BTC, valued at approximately $25.16 million, with a liquidation price of $73,009.
Open storyRunes Trading Platform radFi Ceases Operations and Restricts Withdrawals
The Runes trading and liquidity platform radFi has announced it will gradually cease operations, as its team can no longer allocate sufficient resources for long-term development. Effective immediately, limits have been imposed on liquidity pool-related transactions and withdrawals, and the platform will be fully shut down by February 2027.
Open storyMason Versluis Holds XRP Until $5 as Price Falls 70% From Peak
Crypto commentator Mason Versluis has revealed his strategy for XRP holdings, stating he will not sell any XRP until the token reaches $5. This declaration comes after XRP's price has fallen approximately 70% from its all-time high of $3.65.
Open storyData anchor
Only the market data that explains this issue
The brief shows only the data context behind this issue's stories. The full live overview stays in Markets.
Open marketsBitcoin
$74,772
1h
-0.3%
24h
+1.15%
7d
-2.62%
Market cap: $1.5T
24h volume: $26.1B
Ethereum
$2,121
1h
-0.43%
24h
+1.57%
7d
-5.81%
Market cap: $259.2B
24h volume: $10.8B
Global market
Total Market Cap
$2.5T
-0.95% 24h
24h Volume
$68.8B
Global crypto volume
BTC Dominance
59.61%
Rotation filter
ETH Dominance
10.27%
Altcoin participation
Sentiment & flows
Fear & Greed
32
Fear
Derivatives, leverage & liquidations
BTC Funding
+0.0081%
20 perp markets · Open Interest $38.6B
BTC Open Interest
$38.6B
24h volume $84B · basis +0.018%
ETH Funding
+0.0040%
20 perp markets · Open Interest $21.5B
BTC Aggregate OI
$46.4B
CoinGecko aggregate · funding +0.0082%
ETH Aggregate OI
$25.5B
CoinGecko aggregate · funding +0.0037%
Data notes
- Market data includes spot prices, market cap, volume, global dominance, trending coins, and category data.
- CoinGecko aggregate perpetual snapshots enrich funding and open-interest context; account positioning stays unavailable.
- Fear & Greed appears from Alternative.me.
- Date-verified ETF flow data was unavailable for this run.
- Liquidation context is omitted while no approved aggregate source is available.
Newsletter cut
Biturai Daily: Inflationary Pressure, Institutional Losses, and Market Uncertainty
Bitcoin under pressure, Bitmine reports billion-dollar loss, and prominent figures reduce crypto holdings. Learn more about current developments.
In this issue, we examine the latest developments impacting the crypto market. From macroeconomic data to specific corporate reports, volatility remains a central theme. Here are the key insights for you.
Sources
Source desk
The key evidence behind this issue.
This Market Brief is information and market analysis, not financial advice, investment advice, or a return promise.
Archive
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