Bitcoin News Today: Crypto's Selloff Deepens as Giants Expand Infrastructure Amid Regulatory Fog

The cryptocurrency market faces mounting pressures as Bitcoin and Ethereum struggle against macroeconomic headwinds, while major players like Coinbase continue to expand their foothold in blockchain ecosystems. Bitcoin (BTC) has plummeted to a six-month low of $82,000, with over $3.5 billion pulled from U.S.-listed Bitcoin ETFs in November alone, marking one of the worst months for outflows since the funds' inception. The selloff has been exacerbated by a cooling in speculative inflows, rising U.S. Treasury yields, and uncertainty around Federal Reserve policy, with rate-cut expectations slipping below 50% ahead of the December meeting.

Ethereum (ETH) has fared even worse, trading near $3,080-a 6.5% weekly drop-as leverage unwinds and liquidity tightens. Over $650 million in crypto liquidations occurred in the past 72 hours, with Ethereum long positions accounting for $130 million of that total. Analysts attribute the underperformance to a combination of hawkish Fed signals, reduced institutional demand, and profit-taking by long-term holders. Despite these challenges, Ethereum's network fundamentals remain resilient, with staked ETH surpassing 8.95 million and daily transactions hovering around 1.05 million.

Coinbase, meanwhile, continues its aggressive expansion into blockchain infrastructure, announcing the acquisition of Vector, a Solana-based decentralized exchange (DEX), to bolster its on-chain trading capabilities. The deal, Coinbase's ninth acquisition of 2025, follows high-profile buys of Echo and Deribit and underscores the exchange's strategy to dominate "onchain markets." Vector's integration is expected to enhance Solana asset support, improve order routing, and strengthen Coinbase's DEX infrastructure. The move aligns with Solana's surging popularity, as its DEX volume surpassed $1 trillion in 2025.

The broader crypto market's struggles have also spilled into corporate treasuries. BitMine Immersion Technologies, the largest corporate Ether holder, now faces a $3.7 billion unrealized loss on its holdings, highlighting the risks for firms with heavy crypto exposure. Digital asset treasuries (DATs) are under scrutiny, with the MSCI index considering excluding companies holding over 50% crypto assets. This comes as BlackRock's staked Ether ETF gains traction, potentially disrupting the DAT model according to reports.

Regulatory developments further cloud the outlook. The U.S. SEC has scheduled a December roundtable on privacy and financial surveillance, reigniting debates over privacy tokens and compliance. Meanwhile, India and Canada agreed to restart stalled trade negotiations, signaling a thaw in relations after a 2023 diplomatic dispute as reported.

Bitcoin's path forward remains uncertain. Analysts at Deutsche Bank identify five factors behind the recent selloff, including macro risk-off sentiment, Fed hawkishness, and profit-taking by early holders. If the Fed maintains rates in December, Bitcoin could drop to $60,000–$80,000 by year-end, according to CryptoQuant. However, historical patterns suggest that post-deleveraging phases often precede rebounds, particularly if macro conditions stabilize.