Here’s what happened in crypto today

Institutions worldwide are increasingly adopting cryptocurrency and investing in blockchain technology, despite the recent decline in Bitcoin prices. This trend indicates a growing confidence in the long-term potential of digital currencies, as organizations seek to diversify their portfolios and enhance their service offerings. The shift reflects a broader acceptance of cryptocurrency as a legitimate asset class, even amid market volatility.

The latest updates in the cryptocurrency sector reveal significant trends and events impacting Bitcoin prices, blockchain technology, decentralized finance (DeFi), non-fungible tokens (NFTs), Web3, and crypto regulation. Investors and enthusiasts are advised to stay informed about these developments as they shape the market landscape.

The cryptocurrency market has seen significant developments today, with updates on Bitcoin prices, blockchain technology, decentralized finance (DeFi), non-fungible tokens (NFTs), Web3, and crypto regulation. These trends are crucial for investors and enthusiasts looking to navigate the evolving landscape of digital currencies.

The latest updates in the cryptocurrency sector highlight significant trends and events impacting Bitcoin prices, blockchain technology, decentralized finance (DeFi), non-fungible tokens (NFTs), Web3, and crypto regulation. These developments are crucial for investors and enthusiasts seeking to navigate the evolving landscape of digital currencies and their associated technologies.

Bitcoin has experienced a significant pullback, dropping below the key $100,000 price mark last week. Currently, the cryptocurrency is trading between $95,000 and $95,100. Despite this decline, the current drawdown remains milder than previous major corrections, indicating a less severe market reaction compared to past fluctuations.

US President Donald Trump has expressed support for a Senate proposal that would allow the imposition of tariffs up to 500% on imports from countries that continue to purchase Russian energy. The proposed tariffs would apply to oil, natural gas, petroleum products, and uranium, targeting major buyers like India and China. This measure aims to reduce Russia's export revenues, although it remains a proposal and has not yet become law. The announcement has caused significant volatility in the cryptocurrency market.

The Crypto Fear and Greed Index has fallen back to its lowest levels since 2022, reflecting a significant downturn in the cryptocurrency market. On November 17, Bitcoin's price dropped to $93,000, contributing to increased liquidation pressure across major assets. This decline in the index indicates heightened fear among investors, suggesting a bearish sentiment in the market as prices tumble.

Harvard University's endowment has significantly increased its investment in Bitcoin by making a spot Bitcoin ETF its largest reported US equity holding. This move indicates a growing institutional confidence in Bitcoin as a viable asset. Additionally, the Bitcoin Hyper presale is approaching $28 million, aiming to enhance Bitcoin's transaction speed and reduce fees, which could further support its adoption in decentralized finance (DeFi) and other blockchain activities.