Bitcoin OG books over $160M profit from BTC and ETH shorts in 30 hours

Bitcoin's price has been fluctuating around $95,455 as of November 16, 2025, with a market capitalization of $1.90 trillion and a trading volume of $51.29 billion. Analysts are debating whether the cryptocurrency is poised for a bounce or a breakdown, as market sentiment remains cautious. The price range has been noted between $93,961 and $96,736, indicating a period of uncertainty for traders.

Eric Trump, speaking at Yahoo Finance’s Invest event, expressed his belief that Bitcoin will surpass gold as a primary store of value. He highlighted Bitcoin's capped supply of 21 million coins and increasing institutional investments as significant factors driving this shift. Trump also predicted a long-term price target of $1 million per Bitcoin, emphasizing its advantages in transferring value quickly and cheaply across borders. He referred to Bitcoin as 'digital gold' and a hedge against inflation and corruption.

Today's cryptocurrency news highlights the latest trends and events affecting Bitcoin prices, blockchain technology, decentralized finance (DeFi), non-fungible tokens (NFTs), Web3, and crypto regulation. Stay informed about the dynamic developments in the crypto market.

The crypto market has experienced a significant downturn, with the total valuation of all tokens dropping to $3.24 trillion from over $4.27 trillion in recent weeks. Major cryptocurrencies, including Ethereum (ETH) and Bitcoin (BTC), have seen consecutive price declines, raising concerns about the market's stability.

Amboss and Voltage have announced a partnership aimed at enhancing yield generation for Bitcoin and stablecoin payments. This collaboration integrates Voltage's Lightning Payments API with Amboss Rails, allowing businesses to accept these payment types and earn yield on self-custodied Bitcoin. The use of Taproot Assets facilitates in-flight exchanges, while the partnership also automates liquidity management for treasuries.

AJ Scaramucci’s family has invested over $100 million in a Bitcoin mining company associated with Donald Trump's sons. This investment was part of a larger $220 million pre-IPO financing round led by Solari Capital in July. The investment is viewed as a significant commitment to Bitcoin infrastructure rather than merely a speculative token investment. Other notable investors include the founder of Cardano and various real estate figures.

Bitcoin is currently testing the $95,000 price support level after the previous support at $100,000 failed to stabilize the market amid bearish momentum. Despite the challenges in regaining its six-figure valuation, on-chain data indicates an increasing number of bets being placed on Bitcoin, suggesting a potential shift in market sentiment.

Solari Capital, led by AJ Scaramucci, has invested over $100 million in American Bitcoin, a mining firm associated with President Trump's sons. This investment highlights the ongoing interest in cryptocurrency ventures linked to prominent political figures.