The crypto market is stuck in a bruising drawdown, and the short answer to why 
it’s happening is this: everyone has a theory — and annoyingly, many are 
outright foolish and more than one of them might be right. Crypto Market Pain 
Explained: From DAT Fears to Oracle Bugs The past several weeks have turned 
[…]

Why the Crypto Market Is Crashing: The Theories Fueling Today’s Fear

Ethereum price is breaking through major support levels, falling below key 
high-time-frame zones and signalling increasing downside pressure that may 
mark the early stages of a deeper bearish cycle. Ethereum’s (ETH) price action 
has entered a decisive phase as the…

Ethereum price unravels as downside pressure mounts, early stages of a bear market?

The cryptocurrency market has experienced sustained downward pressure since 
Oct. 10, with analysts attributing the decline to liquidity constraints among 
trading firms and a technical malfunction at a major exchange, says Tom Lee. 
Tom Lee of BitMine told CNBC that…

Tom Lee warns of liquidity crunch after Oct. 10 crash

With short-term holders driving Bitcoin’s sell-off, realized losses are 
hitting historic levels, leaving investors to wonder where the bottom might 
be.

Bitcoin realized losses rise to FTX crash levels: Where is the bottom?

A surprise appearance by US Treasury Secretary Scott Bessent at the opening of 
a Bitcoin-themed bar in Washington, DC, has drawn sharp attention from both 
crypto supporters and cautious observers. Related Reading: Trump’s WLFI Moves 
To Contain Wallet Breach While Federal Inquiry Looms According to reports, 
Bessent stopped by Pubkey during its launch event, a move that many in the 
Bitcoin community read as a visible sign of warmer relations between parts of 
government and the crypto sector. Pubkey Visit Raises Eyebrows And Cheers 
Pubkey, a venue that bills itself as Bitcoin-friendly, has grown from a New 
York outpost into a small chain. Reports have disclosed that the New York 
location once hosted US President Donald Trump, who reportedly paid in Bitcoin 
during a previous visit. The Washington opening, where Bessent appeared 
unannounced, triggered a flurry of online reaction. Some community figures 
called the moment historic. Others urged caution, saying public appearances do 
not automatically translate into policy shifts. Had to do a second buy today 
using my “it was so obvious” framework. Having the Secretary of the Treasury 
at the Pubkey DC launch seems like a moment I could easily look back on and 
say “wow, it was all so obvious”. Stack Sats and chill. 
https://t.co/8uPWEqLJ9y pic.twitter.com/Dew1A4gkFZ — Ben Werkman (@BenWerkman) 
November 21, 2025 Policy Signals And Concrete Talk Based on reports, Bessent 
has been public about ideas that place Bitcoin on the government agenda. He 
has spoken about the GENIUS Act and has discussed ways the Treasury could use 
seized Bitcoin to seed a Strategic Bitcoin Reserve in a budget-neutral manner. 
In an interview dated March 7, 2025, he suggested the Treasury was exploring 
options that would avoid immediate sales of seized crypto and instead look for 
ways to keep BTC on the books. That shift in tone is being watched closely by 
traders and policy watchers alike. Community Reaction Was Fast Ben Werkman, a 
crypto fund CIO, said the event felt like a “moment” for the industry. Another 
industry figure, Steven Lubka, called it the sign many had been waiting for. 
At the same time, analysts warned about reading too much into a single photo 
op. One trader noted that market moves are driven by many forces, and that 
symbolic gestures often take time to matter for prices. Short-term traders may 
ignore signals like this, while longer-term holders may file them away. What 
This Means For Markets And Lawmakers If the Treasury takes steps to pause 
sales of seized BTC and to test ways of holding coins, the move could change 
how institutional players view the asset class. But reports also remind 
readers that policy ideas meet legal and budget tests before they become real. 
Lawmakers and regulators will have to weigh the proposal. The public nature of 
Bessent’s visit, though, makes the discussion harder to treat as private or 
theoretical. Related Reading: XRP Supply Shock Ahead? ETFs Could Consume It 
All, Analyst Predicts A Moment, Not A Promise The image of a cabinet official 
mingling at a Bitcoin bar is powerful. It gives the community talking points. 
Yet, officials and experts say more formal steps are required before the visit 
becomes policy. For now, the appearance stands as a public sign of interest, 
backed by statements and proposals that are still in play. Bitcoin’s 
supporters will note the visibility. Critics will watch for the paperwork. 
Photo illustration by Slate. Photos by vvelda@ymail.com/Flickr and 
Wavebreakmedia/iStock/Getty Images Plus, chart from TradingView

Cryptocurrency price in CLP