3 reasons behind Bitcoin price’s nearly 6% weekly drop
Bitcoin price has dropped nearly $8,000 in a week as shrinking USDT supply, leveraged long liquidations and concerns about the Anthropic IPO weigh on markets.

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Olivia Stephanie covers digital assets and blockchain at crypto.news with 4+ years of experience. Former contributor to CryptoPotato, AMBCrypto, and The Crypto Basic.
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Bitcoin price has dropped nearly $8,000 in a week as shrinking USDT supply, leveraged long liquidations and concerns about the Anthropic IPO weigh on markets.
ECB official Piero Cipollone warns that EU legislative delays could push the digital euro beyond 2029, while a 12-month pilot remains planned for 2027.
FTX sold its Anthropic stake for $1.34 billion in 2024. The same shares could now be worth up to $34.7 billion at Anthropic's proposed IPO price.
President Trump remains interested in buying Bitcoin for the US Strategic Bitcoin Reserve, but former adviser Patrick Witt says legal and custody hurdles remain.
Kraken parent Payward launches over 200 UK and EU tokenized stocks, including FTSE 100 and DAX 40 companies, with trading available to eligible investors.
Deutsche Bank launches regulated crypto custody for institutional clients, supporting Bitcoin, Ethereum and stablecoins, with Asia expansion planned for 2027.
Ethereum co-founder Joseph Lubin backs ETH as a store of value, citing stablecoins, DeFi and quantum security plans as the cryptocurrency trades near $2,050.
Pi Network price rises toward $0.072 after hitting a record low, while traders watch $0.075 resistance and the November 17–19 Ecosystem Summit.
SEC enforcement actions fell nearly 24% to 348 in fiscal 2026, the lowest since 1991, as Paul Atkins defended the agency's focus on investor fraud.
Ripple's David Schwartz says he cut his XRP holdings from 26 million to 3 million as investors question his sales and his personal trading rules.
Across Protocol restores its website after a Namecheap-related domain hijack, with estimated user losses of $350,000 and a promise to reimburse victims.
The CFTC has warned Kalshi of possible charges over prediction market contract filings as regulators investigate self-certification rules and Polymarket.
Ethereum price drops to $2,062 as hot US inflation, $259M in ETH liquidations and ETF outflows weigh on the market despite buying by major holders.
Bitcoin price falls to $73,700 after hotter US inflation data, with $723M in crypto liquidations, ETF withdrawals and whale selling adding pressure.
XRP Ledger proposes ML-DSA-44 quantum-resistant keys with no higher base transaction fees, as Ripple targets a full security transition by 2028.
Initia halts its blockchain after a $615K exploit involving compromised rollup keys, while INIT rises 61% and investigators trace unauthorized transfers.
Binance warns that the worse_query iOS vulnerability could expose crypto wallet keys and recovery phrases, urging users to remove untrusted apps and update.
BlackRock reports $3.6 billion in Bitcoin-to-IBIT conversions as security concerns drive whale demand, even as its spot Bitcoin ETF records fresh outflows.
Trump Media added a net 1,510 BTC in Q3, bringing its holdings to 15,649 Bitcoin worth $1.17 billion, while reporting $409.7 million in quarterly profit.
BitGo stock rose 4.94% to $5.10 before earnings as third-quarter revenue fell 51%, while net income reached $44.1 million on digital asset treasury gains.
IMF urges Kenya to make crypto firms share customer IDs and wallet details under the Travel Rule as the country works to strengthen money laundering controls.
Coinbase, Kalshi, Payward and three trading firms back the CFTC in a federal lawsuit over whether single-stock perpetual futures fall under its authority.
NEAR AI restores its Cloud service after an SGLang vulnerability exposed account data from about 100 users, 18 legacy agents and two customer API keys.
Optimum says its mump2p protocol delivers Ethereum blocks up to 3.5 times faster using network coding, with validators adopting the service on mainnet.
Ethereum price falls to $2,123 as spot ETH ETFs record $184.51 million in outflows, while whale transactions and technical indicators draw attention.
MARA sold 13,597 BTC for $1.1 billion, repaid $750 million in Bitcoin-backed loans and reported a 35% decline in third-quarter revenue to $164.2 million.
Circle moves the fund behind USYC into longer-dated Treasury bills while retaining USDC subscriptions, redemptions and existing token arrangements.
Strategy bought 1,036 BTC for $81.9 million, repurchased $188.3 million of STRC, and reported $4.9 billion in dollar assets as Strive added 29 BTC.
The ECB, European Commission and ESMA are seeking industry members to develop common standards for tokenized securities, with applications due Nov. 27.
Formation Securities plans a Solana-based tokenized stock trading venue for early 2027, with Exodus, Forward Industries and Galaxy Digital shares.
Robinhood has launched IPO Access in the UK, allowing retail investors to request shares in eligible US public offerings at the offer price without commissions.
Zcash developers propose cutting block times from 25 to 20 seconds after NU7, citing early mining data and tests of competing blocks on the network.
Poland's parliament has passed a bill allowing the interior minister to freeze bank accounts, crypto holdings and property without prior court approval.
Crypto markets face US inflation data, Bitcoin price volatility, earnings from MARA and Gemini, token unlocks, and major governance votes this week.
Coinbase has received a full OCC national trust bank charter, bringing its institutional crypto custody business under federal oversight without retail banking.
Ankr's Ethereum bridge lost over $303,000 after five suspicious withdrawals linked to a previously redeemed Optimism deposit on November 9, 2026.
Galxe will shut down Quest, ID and Passport, ending campaigns on Dec. 5 and reward claims on Dec. 15 as it concentrates on its Gravity L1 blockchain.
Justin Sun says U.S. stock trading is live on HTX as the exchange lists 20 tokenized stocks and ETFs with USDT pairs, fees and eligibility restrictions.
Canary's INJC staked Injective ETF debuted on Nasdaq on Nov. 5 and held $16.12 million in assets by Friday, with 600,000 shares and staking built in.
Ethereum price falls toward $2,100 as leveraged long liquidations hit traders and U.S. spot ETH ETFs lose $365.2 million, with $2,200 now key resistance.
Kraken's xStocks platform surpasses $1.1 billion in assets under management following a major European expansion that adds over 200 UK…
CoreWeave shares jumped as much as 14% in premarket trading on Wednesday after the AI cloud infrastructure provider delivered a…
OKXICE will launch its blockchain-powered securities trading platform on November 23, offering 24/7 trading of over 70 tokenized assets, including…
Deutsche Bank has officially launched its cryptocurrency custody service for institutional clients across Europe, providing secure storage and transfer options…
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