Happy Friday!

Bitcoin has plunged to $96,000, but Michael Saylor remains undeterred: “We’re always buying Bitcoin,” he said, even as rumors to the contrary swirled.

XRP is one of the altcoins that got hit hard by this sell-off, dropping 5%. How much further will it fall?

Plus, if you’re interested in insights about how to position ahead of the wave of delayed data set to hit this week, check out this webinar.

TOP STORY

“We’re Always Buying Bitcoin” — Michael Saylor Says MSTR Is Safe Even If BTC Crashed 80%

Michael Saylor reignited market attention Friday after posting "We are buying" on X and reaffirming that Strategy Inc. remains secure even if Bitcoin drops by as much as 80%.

Saylor said Bitcoin's multi-year performance continues to exceed major asset classes, noting that the token has averaged roughly 50% annual gains across the past five years.

He pointed out that Bitcoin moved from about $55,000 to $94,000 over a 14-month span, calling the return stronger than what most investors expect.

Read the full scoop here.

SPECIAL OFFER

The Fed Minutes Setup No One’s Trading Yet

Markets are breathing a sigh of relief now that the government is reopening, but beneath the surface, volatility is building again. On Sunday, November 16, at 1 p.m. ET, Benzinga’s Chief Market Strategist Matt Maley will reveal how he’s positioning ahead of the Fed’s October meeting minutes and the wave of delayed data set to hit this week. See the trades, sectors and signals he believes could benefit most once the new numbers reset expectations.

Reserve Your Free Spot

QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin, XRP are plummeting on a red Friday as the sell-off extends for another day: here’s what’s driving markets today.

Eric Trump praised Bitcoin again, but American Bitcoin investors are not feeling it: the stock may fall to $3.50 soon.

The UAE made a big decision about crypto — and not a positive one. It’s not a Bitcoin ban, but it may be just as bad.

FINTECH FOCUS

XRP And ADA Plummet Another 5% — What's Next?

XRP and Cardano are down over 5% over the past 24 hours as sellers dragged the two large-cap altcoins back toward the critical support zones that have held the market together since early fall.

XRP trades near $2.25 after persistent selling pressure weighed on the month-long triangle structure.

ADA trades near $0.50 after losing the $0.53–$0.55 support shelf earlier this week.

Read the full scoop here.

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