Still Hope for Bulls: Crypto Daybook Americas

Your day-ahead look for Nov. 17, 2025 Nov 17, 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 Whether a decline in ZEC heralds a bounce in BTC and ETH in continuation of diverging trends with majors remains to be seen. Hot analysts’ takes about how we are still early in terms of institutional adoption, and how incoming inflows could lift valuations sky-high, continued to do the rounds, offering hope to battered BTC bulls. In other development, Arca’s CIO Jeff Dorman dismissed speculation about Strategy (MSTR) Executive Chairman Michael Saylor liquidating his BTC holdings, noting that Saylor’s financial position would likely shield him from selling unless bitcoin’s value collapsed precipitously. Ryan Lee, the chief analyst at Bitget urged traders to monitor U. S. regulatory developments, particularly around exchange-traded funds (ETFs), stablecoin payment frameworks and exchange oversight. These could swiftly shift investor sentiment back to a risk-on stance, Lee said. In traditional markets, Japanese longer-dated government bond yields surged in response to reports that Prime Minister Sanae Takaichi’s first stimulus package may include spending worth roughly 17 trillion yen ($110 billion). With the country’s debt-to-GDP ratio already among the highest globally at 240%, such a move could flood the market with bonds and push yields higher, bolstering the risk of a fiscal crisis. For crypto traders, rising Japanese yields may pressure Treasury bonds, pushing yields higher, and weigh on risk assets like tech stocks and digital currencies. Stay alert! Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today What to Watch For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”. Crypto Nov. 17: Zilliqa (ZIL) 0. 19. 0 mainnet upgrade. Macro Nov. 17, 8: 30 a. m.: Canada Oct. Inflation Rate. Headline YoY (Prev. 2. 4%), MoM (Prev. 0. 1%). Core YoY (Prev. 2. 8%), MoM (Prev. 0. 2%). Nov. 17, 8: 30 a. m.: Federal Reserve Bank of New York’s Nov. NY Empire State Manufacturing Index Est. 6. 1. Nov. 17: 9: 30 a. m.: Fed Vice Chair Philip N. Jefferson speech on “Economic Outlook and Monetary Policy.” Nov. 17, 3: 35 p. m.: Fed Governor Christopher J. Waller speech on “Economic Outlook.” Watch live. Earnings (Estimates based on FactSet data) Nothing scheduled. Token Events For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”. Governance votes and calls Render (RENDER) community is voting on whether to expand its compute program to include enterprise-grade GPUs (like H100/H200). Voting closes on Nov. 18. Unlocks APE$ 0. 3490 to unlock 1. 66% of its circulating supply worth $5. 46 million. MELANIA$ 0. 1399 to unlock 5. 04% of its circulating supply worth $3. 63 million. Token Launches Ycash (YEC) lists on BitMart at with YEC/USDT pair. Conferences For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”. Day 1 of 2: Banking Transformation Summit (Charlotte, North Carolina) Market Movements BTC is up 0. 63% from 4 p. m. ET Friday at $95,734. 44 (24hrs: +0. 03%) ETH is up 0. 96% at $3, 201. 10 (24hrs: +1. 15%) CoinDesk 20 is up 0. 57% at 3, 086. 17 (24hrs: +0. 39%) Ether CESR Composite Staking Rate is down 15 bps at 2. 83% BTC funding rate is at 0. 0057% (6. 213% annualized) on Binance DXY is unchanged at 99. 36 Gold futures are unchanged at $4,090. 50 Silver futures are up 0. 49% at $50. 94 Nikkei 225 closed down 0. 1% at 50, 323. 91 Hang Seng closed down 0. 71% at 26, 384. 28 FTSE is down 0. 10% at 9, 688. 36 Euro Stoxx 50 is down 0. 5% at 5, 665. 22 DJIA closed on Friday down 0. 65% at 47, 147. 48 S&P 500 closed unchanged at 6, 734. 11 Nasdaq Composite closed up 0. 13% at 22, 900. 59 S&P/TSX Composite closed up 0. 24% at 30, 326. 46 S&P 40 Latin America closed up 0. 27% at 3, 111. 85 U. S. 10-Year Treasury rate is down 2. 1 bps at 4. 127% E-mini S&P 500 futures are up 0. 36% at 6, 779. 25 E-mini Nasdaq-100 futures are up 0. 62% at 25, 249. 25 E-mini Dow Jones Industrial Average Index are unchanged at 47, 245. 00 Bitcoin Stats BTC Dominance: 59. 43% (-0. 12%) Ether-bitcoin ratio: 0. 03341 (1. 74%) Hashrate (seven-day moving average): 1, 123 EH/s Hashprice (spot): $39. 80 Total fees: 2. 61 BTC / $248,303 CME Futures Open Interest: 139,. 475 BTC BTC priced in gold: 23. 5 oz. BTC vs gold market cap: 6. 4% Technical Analysis Zcash’s ZEC$ 688. 57 bounce from under $500 has stalled at the early November highs above $700. That has raised the risk of a potential formation of a double top pattern, with the neckline support at $423, shown by the horizontal line. Should prices turn lower from here, it would mean a steady market leadership change from bulls to bears. Crypto Equities Coinbase Global (COIN): closed on Friday at $284 (+0. 3%), +0. 85% at $286. 40 in pre-market Circle Internet (CRCL): closed at $81. 89 (-0. 55%), +2. 06% at $83. 58 Galaxy Digital (GLXY): closed at $26. 34 (-3. 3%), +2. 24% at $26. 93 Bullish (BLSH): closed at $38. 48 (-6. 19%), +1. 01% at $38. 87 MARA Holdings (MARA): closed at $11. 99 (-6. 18%), +1. 17% at $12. 13 Riot Platforms (RIOT): closed at $13. 95 (+0. 5%), +0. 93% at $14. 08 Core Scientific (CORZ): closed at $14. 93 (-1. 52%), +1. 27% at $15. 12 CleanSpark (CLSK): closed at $10. 96 (-8. 51%), +1. 28% at $11. 10 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $40. 54 (-3. 41%) Exodus Movement (EXOD): closed at $17. 3 (-4. 68%) Crypto Treasury Companies Strategy (MSTR): closed at $199. 75 (-4. 22%), +1. 26% at $202. 26 Semler Scientific (SMLR): closed at $21. 82 (-5. 13%) SharpLink Gaming (SBET): closed at $10. 89 (-0. 91%), +1. 01% at $11. 00 Upexi (UPXI): closed at $2. 99 (-7. 14%) Lite Strategy (LITS): closed at $2. 02 (+6. 32%), -1. 49% at $1. 99 ETF Flows Spot BTC ETFs Daily net flows: -$492. 1 million Cumulative net flows: $58. 83 billion Total BTC holdings ~1. 32 million Spot ETH ETFs Daily net flows: -$177. 9 million Cumulative net flows: $13. 15 billion Total ETH holdings ~6. Gold Falls for Third Day as Expectations Fade for U. S. Rate Cut (Bloomberg): Delayed U. S. economic data is clouding the Fed’s interest-rate path, lowering the probability of a December cut and curbing the appetite for gold after a record-breaking rally earlier this year. A Run on Stablecoins Could Force ECB to Rethink Interest Rates, Warns Top Policymaker (Financial Times): The Dutch central bank governor said instability in dollar-backed stablecoins could trigger mass sell-offs of U. S. assets backing them, potentially disrupting the EU economy and inflation. Investigative Reporter Group ICIJ Exposes ‘Coin Laundry,’ Crypto’s Criminal Financial System (CoinDesk): A series of reports by the International Consortium of Investigative Journalists reveal how billions in illicit crypto flowed through top exchanges, fueling a shadow financial system that evades regulatory oversight. 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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