The Canary in the Coalmine: Crypto Daybook Americas Your day-ahead look for Nov. 21, 2025 Nov 21, 2025, 12: 15 p. m. What to know : You are viewing Crypto Daybook Americas, your morning briefing on what happened in the crypto markets overnight and what’s expected during the coming day. Crypto Daybook Americas will kickstart your morning with comprehensive insights. If you’re not already subscribed to the email, click here. You won’t want to start your day without it. By Omkar Godbole Nov. 21: Bitmine Immersion Technologies (BMNR), pre-market. Token Events For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”. Governance votes and calls River (RIVER) is hosting an ask-me-anything on X at 8 a. m. to discuss upcoming changes. Unlocks None Token Launches Capybobo (PYBOBO) to list on Gate with PYBOBO/USDT pair. SAPIEN$ 0. 1367 to list on Bitmart with SAPIEN/USDT pair. Conferences For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”. Day 1 of 3: BITFEST 2025 (Manchester, U. K.) Market Movements BTC is down 4. 5% from 4 p. m. ET Thursday at $91,891. 98 (24hrs: -9. 71%) ETH is down 5. 42% at $2, 720. 57 (24hrs: -10. 18%) CoinDesk 20 is down -6. 38% at 2, 950. 83 (24hrs: -10. 42%) Ether CESR Composite Staking Rate is up 7 bps at 2. 93% BTC funding rate is at 0. 0072% (7. 446% annualized) on Binance DXY is unchanged at 100. 22 Gold futures are down 0. 70% at $4,031. 70 Silver futures are down 4. 14% at $48. 22 Nikkei 225 closed down 2. 40% at 48, 625. 88 Hang Seng closed down 2. 38% at 25, 220. 02 FTSE is down 0. 49% at 9, 480. 78 Euro Stoxx 50 is down 1. 26% at 5, 499. 73 DJIA closed on down 0. 84% at 45, 752. 26 S&P 500 closed down 1. 56% at 6, 538. 76 Nasdaq Composite closed down 2. 15% at 22, 078. 05 S&P/TSX Composite closed down 1. 23% at 29, 906. 55 S&P 40 Latin America closed down 1. 32% at 3, 029. 45 U. S. 10-Year Treasury rate is down 4. 3 bps at 4. 061% E-mini S&P 500 futures are down 0. 08% at 6, 552. 50 E-mini Nasdaq-100 futures are down 0. 34% at 24, 048. 75 E-mini Dow Jones Industrial Average Index are up 0. 26% at 45, 944. 00 Bitcoin Stats BTC Dominance: 58. 83% (-0. 14%) Ether-bitcoin ratio: 0. 03261 (-0. 3%) Hashrate (seven-day moving average): 1, 048 EH/s Hashprice (spot): $34. 10 Total fees: 3. 17 BTC / $285, 386 CME Futures Open Interest: 134, 245 BTC BTC priced in gold: 20. 5 oz. BTC vs gold market cap: 5. 55% Technical Analysis With a drop to nearly $81,000, BTC has retraced 80% of the rally from $75,000 in April to over $126,000 in early October. Prices have dipped below the 0. 786 Fibonacci retracement. The next support is seen at around $75,000. Crypto Equities Coinbase Global (COIN): closed on Thursday at $238. 16 (-7. 44%), -2. 71% at $231. 71 in pre-market Circle Internet (CRCL): closed at $66. 93 (-4%), -2. 66% at $65. 15 Galaxy Digital (GLXY): closed at $24. 03 (-6. 72%), -5. 58% at $22. 69 Bullish (BLSH): closed at $36. 50 (0. 3%), -3. 01% at $35. 40 MARA Holdings (MARA): closed at $10. 24 (-7. 75%), -4% at $9. 83 Riot Platforms (RIOT): closed at $12. 78 (-4. 27%), -4. 85% at $12. 16 Core Scientific (CORZ): closed at $15. 16 (-1. 49%), -2. 37% at $14. 80 CleanSpark (CLSK): closed at $9. 78 (-4. 31%), -3. 99% at $9. 39 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $38. 76 (-4. 06%) Exodus Movement (EXOD): closed at $14. 19 (-2%) Crypto Treasury Companies Strategy (MSTR): closed at $177. 13 (-5. 02%), -5. 41% at $167. 55 Semler Scientific (SMLR): closed at $18. 47 (-6. 39%) SharpLink Gaming (SBET): closed at $9. 30 (-5. 78%), -5. 38% at $8. 80 Upexi (UPXI): closed at $2. 47 (-8. 18%), -3. 24%at $2. 39 Lite Strategy (LITS): closed at $1. 70 (-4. 49%), -4. 12% at $1. 63 ETF Flows Spot BTC ETFs Daily net flows: -$903. 2 million Cumulative net flows: $57. 38 billion Total BTC holdings ~1. 32 million Spot ETH ETFs Daily net flows: -$261. 6 million Cumulative net flows: $12. 6 billion Total ETH holdings ~6. Exactly One Year After Strategy’s All Time High, the Bitcoin-Linked Slide Intensifies (CoinDesk): Strategy has dropped 68% from its record high of $543 last November, while bitcoin has fallen from October’s all-time high of more than $126,000 to as low as $81,000. Yen Slump Is Bullish for BTC and Risk Assets. Or Is It? (CoinDesk): Rising yields in Japan are no longer lifting the yen as mounting debt fears and monetary policy constraints undermine investor confidence and cloud its usefulness as a signal for crypto markets. Bitcoin Heading for Worst Month Since Crypto Collapse of 2022 (Bloomberg): Bitcoin has shed about 23% this month, analysts say, as massive liquidations, spot ETF outflows and weak institutional demand deepen a correction in what could become the worst month since June 2022. Japan Approves $135 Billion Stimulus Shot to Help Households, Economy (The Wall Street Journal): The liquidity injection signals a pivot to aggressive fiscal policy, lifting growth expectations but stoking fears of debt strain, further yen depreciation and reduced monetary policy flexibility. More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned byGoPlus What 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 PS 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.
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