AI and HPC Bitcoin Miners Surge Pre Market Following Stellar NVIDIA Earnings

World App has initiated a pilot program for virtual bank accounts designed for USDC payroll deposits. This move aims to facilitate cryptocurrency transactions for payroll purposes, potentially streamlining the payment process for businesses and employees alike. The pilot is part of a broader trend towards integrating digital currencies into everyday financial practices.

As of November 20, 2025, Bitcoin is priced at $91,667, with a market capitalization of $1.82 trillion. The cryptocurrency has been experiencing fluctuations, with recent support levels identified at $89,000. Analysts are observing a potential rebound after a period of decline, but concerns remain regarding market volatility and investor confidence.

Recent Bitcoin whale activity indicates a shift in market dynamics, with significant accumulation occurring during periods of price weakness. This suggests that Bitcoin's supply is transitioning from short-term traders to long-term holders. The limitations of Bitcoin's base layer, including low throughput and high fees, are driving interest in Layer-2 solutions like Bitcoin Hyper, which utilizes SVM technology for enhanced scalability.

B. Riley has reduced its price targets for the Digital Asset Treasury Company as the cryptocurrency market continues to decline. This adjustment reflects the ongoing slump in digital asset valuations, which has negatively impacted investor sentiment and market stability.

Metaplanet has announced a new capital structure backed by Bitcoin, featuring a $150 million perpetual preferred offering. This innovative financial strategy aims to enhance the company's investment capabilities and leverage the growing interest in cryptocurrency markets.

Owen Gunden, a prominent Bitcoin investor, has sold his entire Bitcoin stack valued at $1.3 billion amid growing retail panic. This sale coincides with a significant increase in institutional ownership of Bitcoin ETFs, which has reached 40%, despite prevailing market fears.

Bitcoin's recent sell-off has raised questions about whether the market has reached a local bottom. Chris Kuiper, VP of Research at Fidelity Digital Assets, notes that on-chain and sentiment indicators are reminiscent of previous bull-market corrections. He emphasizes uncertainty in market predictions but highlights the short-term holder MVRV chart as a useful tool for assessing market conditions. Current trends show short-term holders are experiencing losses similar to past market corrections.

Nvidia's earnings report for Q3 revealed a revenue of $54.8 billion, which could influence market sentiment towards cryptocurrencies. Bitcoin's recent decline towards seven-month lows appears sentiment-driven, while a dovish macroeconomic environment may lead to a relief rally in major cryptocurrencies. The Best Wallet Token, which integrates various features for multi-chain users, is positioned to benefit from this potential shift in market dynamics.