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Bitcoin and other cryptocurrencies have shed over $1 trillion in value since the market top in early October — here’s how that happened.

Tom Lee said Strategy can become one of the biggest companies in the world — just before MSTR published another $800 million purchase.

Plus, if you’re interested in learning more about how to spot and safely trade stocks ready to break down during the next wave of volatility, check out this webinar.

TOP STORY

Bitcoin, Ethereum, XRP Have Wiped Out $1.1 Trillion Since BTC Hit $126,000

Bitcoin is down 30% from its all-time high, but the nature of the decline points to a structural, mechanical breakdown rather than a deterioration in fundamentals.

In a detailed X post, market commentator The Kobeissi Letter noted that the crypto market has erased roughly $1.1 trillion in value over the last 41 days, averaging a staggering –$27 billion per day. Prices now sit 10% below the levels seen during the historic Oct. 10 liquidation flush.

The slide began with heavy institutional outflows in late October, followed by another $1.2 billion in crypto fund redemptions in early November.

Read the full scoop here.

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QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin, XRP are trying to bottom after a rough week: here’s what’s driving markets today.

Cardano is down 20% in a week, but its co-founder Charles Hoskinson is calling for a ‘gigachad bullrun’ — how does that make sense?

Japan is unleashing a 12-figure fiscal bezooka that could also boost Bitcoin — only the chart says it’s not time for that yet.

FINTECH FOCUS

Tom Lee Says MSTR Could Become 'One Of the Largest Companies' As Strategy Adds $800M In Bitcoin

Strategy Inc. disclosed an $835.6 million Bitcoin purchase for the week ending Nov. 16 as Tom Lee said the company "could end up being one of the largest" in the market.

Lee said Michael Saylor is "changing the reality of the stock market," arguing that MSTR could become one of the biggest companies in the world if Bitcoin reaches seven figures.

Speaking in an interview, Lee said Saylor "will end up being the largest, potentially the largest company in the stock market, especially if Bitcoin goes to a million."

Read the full scoop here.

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