Bitcoin News Today: Crypto Market Splits: Bearish Jitters Battle Institutional Ethereum Bets

The US stock market closed with a mixed performance on November 7, 2025, as the cryptocurrency sector experienced sharp volatility. Bitcoin (BTC) briefly dipped below $100,000 amid cascading liquidations that erased over $711.8 million in leveraged positions across derivatives markets in 24 hours, according to a Yahoo Finance report. However, major crypto-linked stocks defied the broader downturn, with BitMine Immersion Technologies (BMNR) surging 7.65% after Cathie Wood's ARK Invest purchased $9 million worth of shares, according to Coincodex. The move underscored growing institutional confidence in Ethereum-based treasuries, even as macroeconomic concerns and regulatory uncertainty weighed on the market.

Bitcoin's intraday slide triggered renewed debates about whether the pullback signals a bear market or a short-term correction. ARK Invest revised its long-term Bitcoin price target to $1.2 million by 2030, down from $1.5 million, citing the rapid rise of stablecoins, the Yahoo Finance piece said. Meanwhile, BitMine, which holds 3.4 million ETH valued at $11.2 billion, became a focal point for investors seeking exposure to Ethereum's yield-generating potential, according to Coinpedia. ARK's purchase of 240,507 BMNR shares across its ETFs marked a significant expansion of its Ethereum holdings, reflecting a strategic pivot away from Bitcoin-centric bets, Coincodex noted.

The broader crypto market, however, remained under pressure. Coinbase (COIN) and Block (SQ) both missed revenue expectations, with Block's stock sliding 9% after reporting $6.11 billion in revenue against a $6.34 billion consensus, the Yahoo Finance report added. Michael Saylor's Strategy (MSTR), which raised €620 million via a euro-denominated preferred stock offering, fell 3.78% despite its Bitcoin accumulation strategy, according to the same Yahoo Finance coverage. Robinhood (HOOD), meanwhile, saw a 3.78% drop despite a 300% year-over-year surge in crypto trading revenue, Coinpedia's live updates reported. Analysts attributed the weakness to lingering concerns over the October liquidity crisis, which wiped out $19 billion in leveraged positions, and the U.S. government shutdown's impact on liquidity, a TradingView report noted.

Regulatory developments added to the uncertainty. The UK announced plans to implement stablecoin regulations in sync with U.S. frameworks by November 10, according to Cryptopolitan, while a coalition of crypto firms—including Fireblocks, Solana, and Polygon—launched the Blockchain Payments Consortium to standardize cross-border transactions, according to Tron Weekly. These efforts aim to address fragmented blockchain systems and enhance compliance, but market participants remain cautious as Bitcoin traders brace for potential further corrections.

Despite the volatility, some investors see opportunity. BitDigital's Ethereum holdings, now valued at $590.5 million, highlight the sector's shift toward yield-bearing digital assets, according to Crypto.news. "Ethereum is no longer just a network-it's a treasury tool," one analyst noted, according to Coinpedia. With Bitcoin stabilizing near $100,500 and institutional allocations to Ethereum treasuries rising, the market remains split between bearish sentiment and long-term optimism.