Bitcoin News Today: Bitcoin's 30% Drop Clashes with Silver's Record High and Rallying Stocks

Wall Street's major indices edged closer to a fifth consecutive day of gains on Friday, as investors navigated a volatile mix of crypto market corrections, corporate earnings surprises, and geopolitical shifts. Bitcoin (BTC-USD) continued its sharp decline, trading at $87,080-a 30% drop from its October peak-amid a $3.5 billion in ETF outflows for November, the largest since February. The selloff, exacerbated by leveraged liquidations and declining stablecoin liquidity, has left the market requiring $1 billion in weekly inflows to regain momentum, a threshold currently unmet. Meanwhile, silver prices surged to record highs at $55 per ounce, reflecting safe-haven demand amid broader market uncertainty.

The crypto downturn contrasted with corporate earnings highlights. Strategy (MSTR), the largest corporate holder of Bitcoin, reported a third-quarter EPS of $8.42, driven by a 7% rise in Bitcoin's price during the quarter. Despite Bitcoin's subsequent decline, the firm's holdings expanded to 640,808 BTC by October, underscoring its aggressive accumulation strategy. In a related development, XRP surged 7%, marking its largest single-day gain in weeks, as inflows of $180 million into the asset highlighted growing institutional interest.

Equity markets saw mixed signals. Herbalife (HLF) received a bullish upgrade from Mizuho, which raised its price target to $11 from $10, citing improved corporate governance under new CEO Stephan Gratziani and a stronger financial health score. The stock traded at $11.83, up 32% in the past week. Conversely, INVO Fertility announced a 1:8 reverse stock split effective November 28, aiming to bolster its Nasdaq listing and streamline operations as part of operational improvements.

Macro trends also influenced market sentiment. Baidu's AI chip division emerged as a key player in China, with JPMorgan forecasting a sixfold increase in revenue to $1.1 billion by 2026 as demand for domestic semiconductors intensifies. Meanwhile, Bitcoin mining activity in China showed signs of recovery, driven by low-cost energy and data-center expansions in regions like Xinjiang.

The week's developments underscored the interplay between traditional and digital assets. While Bitcoin's liquidity challenges and ETF outflows signaled caution, corporate strategies and sector-specific innovations-such as BI DeFi's renewable-energy-backed platform-highlighted alternative avenues for capital deployment. Analysts remain divided on the near-term trajectory of crypto markets, with some pointing to mid-tier Bitcoin whale accumulation as a potential stabilizing factor.