Bitcoin Updates: As Crypto Markets Waver, Founder’s BTC Acquisition Reflects Enduring Confidence

The cryptocurrency sector continued its downward trend for the third straight day on Nov. 14, with

(BTC) slipping beneath the crucial $100,000 psychological threshold, sparking widespread anxiety among market participants. The overall crypto market capitalization , wiping out close to $130 billion in value in just one day. Amid the volatility, the founder of Equation, a notable figure in the industry, for long-term holding, demonstrating faith in the asset’s future rebound despite prevailing bearishness.

Macroeconomic instability has intensified the market’s slide,

, which postponed vital economic reports and stalled regulatory activities essential for investor trust. More than $1 billion in liquidations, , added to the downward pressure. Bitcoin’s lowest point during the day was $97,117, representing a drop of nearly 9.1% from its Nov. 11 peak, while (ETH) tumbled 8.6% to $3,176. that the ongoing bearish phase is due to a “consolidation limbo,” with Bitcoin stuck between exhausted sellers and a dense supply zone from $106,000 to $118,000, forming a natural resistance barrier.

Even with the steep decline, the Equation founder’s decision to buy more BTC highlights a conviction in the asset’s durability over the long term. “For those looking several years ahead, this presents a buying window,” the founder commented, though specifics about the purchase were not

. The Crypto Fear and Greed Index, , stayed in the “Extreme Fear” range at 16, indicating widespread investor caution.

The bearish trend has also revived debates about institutional-level crypto offerings. The Canary XRPC ETF’s historic launch—with $58 million traded on its first day and $245 million in inflows—

in a possible BlackRock XRP ETF, especially as Ripple expands into regulated markets. At the same time, decentralized science initiatives such as Ideosphere and , using blockchain to develop prediction markets for early-stage scientific research.

Separately, Web3 gaming company Kamirai introduced its Kamirex Exchange, a high-speed decentralized exchange (DEX) aimed at solving liquidity challenges in Asian markets. The project’s token generation event (TGE) has already attracted notable interest, reflecting growing enthusiasm for crypto ventures with real-world applications.

As the market navigates this latest slump, the combined effects of global economic challenges, institutional engagement, and technological progress are expected to influence the direction of crypto assets in the near future.