Crypto markets fall after Trump’s tariff threat: BTC falls below $117k

A Canadian Bitcoin-native company has issued its first Bitcoin-backed loan, marking a significant shift in Bitcoin's role from passive holding to active financial deployment. This development broadens access to Bitcoin and reinforces its monetary function, allowing institutions to utilize idle Bitcoin for lending. The emergence of Bitcoin loans signals a transition towards a more utility-driven market, potentially increasing demand and liquidity for Bitcoin.

A recent report from China's CVERC has unveiled details of a significant Bitcoin hack from December 2020, involving the theft of 127,271 BTC from the LuBian mining pool. This incident highlights a potential power struggle between China and the US over $15 billion in Bitcoin, as both nations accuse each other of involvement. The stolen Bitcoin remained untouched for four years, raising questions about the nature of the operation, with some analysts suggesting US government involvement.

The cryptocurrency market is experiencing a downturn, with total market capitalization falling back to $3.42 trillion as Bitcoin struggles to surpass $105,000. This decline has led to a cautious trading environment, prompting investors to seek out promising presales like Bitcoin Hyper and Maxi Doge, which offer unique features and potential for growth despite the market's challenges.

Bitcoin's price has stabilized above $104,000 after a brief surge past $106,000 earlier this week. Despite this, the cryptocurrency experienced a nearly 3% drop following its peak, reflecting ongoing volatility in the market. The absence of a significant price rally, often referred to as 'Moonvember,' raises concerns among investors about future trends.

ARK Invest, led by Cathie Wood, has acquired an additional 157,731 shares of Alibaba, reflecting a strong belief in the recovery of China's tech sector and the significance of AI innovation. This move underscores the growing confidence in Alibaba's potential amidst a shifting market landscape. The acquisition, announced on November 12, 2025, highlights ARK Invest's strategic focus on companies that are poised for growth in the technology space, particularly in artificial intelligence.