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Crypto Market Update: ETF Redemptions Hit Three-Week Streak, Bitcoin’s Struggle Continues

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By Ronald Tech

Here’s a quick recap of the crypto landscape for Monday (November 17) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$95,539.04, a 0.4 percent decrease in 24 hours. Its lowest valuation of the day was US$93,029.42, while its highest was US$95,903.57.

Bitcoin price performance, November 17, 2025.

Chart via TradingView

Bitcoin price performance, November 17, 2025.

Bitcoin’s slide to a weekend low of $93,029 has reset market sentiment to “extreme fear,” extending a drawdown that has erased more than US$600 billion from its market value since October’s record.

The speed of the retreat has unsettled even long-time traders, especially after Bitcoin spent much of the year buoyed by Wall Street inflows, ETF demand, and renewed political support under the Trump administration.

SchiffGold founder Peter Schiff also seized on the downturn, urging investors on X to “sell Bitcoin now and buy gold before you get mauled.”

Schiff noted that that gold had climbed back above US$4,100 in early Asian trading while Bitcoin was “struggling to hold US$93,000.”

“Bitcoin is now down 26% from its high. But in terms of gold, the bear market is far more ferocious, with Bitcoin down 39%,” he added.

Meanwhile, Ether (ETH) was priced at US$3,187.13, a 0.6 percent decrease in the last 24 hours. Its lowest valuation of the day was US$3,023.62, while its highest was US$3,215.64.

Altcoin price update

  • Solana (SOL) was priced at US$141.18, trading flat over the last 24 hours. Its lowest valuation of the day was US$135.28, while its highest was US$142.40.
  • XRP was trading for US$2.27, up by 0.4 percent over the last 24 hours. Its lowest valuation of the day was US$2.66, while its highest was US$2.28.

​Today’s crypto news to know

US Bitcoin ETFs log US$1.11 billion outflow in third straight week

US spot Bitcoin ETFs recorded a third straight week of redemptions, with investors pulling roughly US$1.11 billion from November 10 to 14.

BlackRock’s IBIT fund accounted for the largest share, shedding more than half a billion dollars in net outflows. Grayscale’s Bitcoin Mini Trust also saw heavy withdrawals as investors exercised cautious sentiment despite its large historical asset base.

The continued drawdown pushed total spot Bitcoin ETF assets to around US$125 billion, representing just under 7 percent of Bitcoin’s market capitalization.

See also  <!DOCTYPE html><html><head><title>Unraveling the Triumph of Microsoft's Azure in the Hot Cloud War</title></head><body><h2>The Cloud King's Victorious Earnings Leap</h2> <p style="text-align: justify;">Microsoft (MSFT) has done it again, dazzling investors with a stellar fourth-quarter fiscal 2024 performance that crushes all doubts. Emerging victorious, Microsoft reported earnings of $2.95 per share, a formidable 1.72% beat over expectations, showcasing a robust 9.7% improvement year over year. Revenues soared to $64.7 billion, marking a 15.2% annual surge, and exceeding the Zacks Consensus Estimate by 0.84%. Dive deeper, and you'll find earnings spike further; at constant currency, they gloriously hiked by 11% year over year.</p><h2>Commercial Triumph Amidst Sky-High Expectations</h2><p style="text-align: justify;">Commercial bookings painted a picture of triumph, surging 17% year over year (and 19% at cc), stampeding past expectations. The growth was fuelled by an uptick in mega-contracts worth $10 million and $100 million each, revolving around both Azure and Microsoft 365, all while maintaining stellar performance in core annuity sales motions.</p><h2>The Cloud Unleashed: Azure's Ascension</h2><p style="text-align: justify;">Microsoft's Cloud revenues manifested at $36.8 billion, a whopping 21% ascent year over year (up 22% at cc). Azure is akin to a formidable dragon on a gold hoard, lifting the company's overall performance and overshadowing previous expectations.</p><h2>Segmental Showdown: Numbers That Tell a Tale</h2><p style="text-align: justify;">The Productivity & Business Processes segment emerged as a formidable force, with revenues soaring 11% (up 12% at cc) year over year, led by Office commercial products and cloud services that witnessed a 12% growth rate. Teams Premium saw a meteoric rise with a nearly 400% surge in seats, a testament to the allure of advanced features.</p><p style="text-align: justify;">Meanwhile, the Intelligent Cloud segment carved its path to glory, contributing 44.1% to total revenues with a 19% annual boost. Azure and other cloud services revenue scaled a remarkable 29% growth, including an 8-point surge from AI services — demand that outstrips available capacity.</p><p style="text-align: justify;">Lastly, the More Personal Computing segment showcased resilience, raking in a 14% year-over-year revenue increase to $15.9 billion. This rise included a net impact from the Activision acquisition, demonstrating Microsoft's strategic agility in adapting to evolving market trends.</p><h2>Azure's Triumph at the Heart of the Storm</h2><p style="text-align: justify;">Azure has asserted its dominance in the cloud domain, spearheading Microsoft's remarkable saga of success. The company's fourth-quarter earnings soar high on the wings of Azure's triumph, painting a vivid picture of victory in the fiercely competitive cloud landscape. Investors are left in awe of Microsoft's relentless pursuit of excellence, as Azure reigns supreme in the clouds amidst a storm of competition, firmly establishing its reign as the Cloud King.</p></body></html><!DOCTYPE html><html lang="en"><head> <meta charset="UTF-8"> <meta http-equiv="X-UA-Compatible" content="IE=edge"> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <title>Microsoft's AI Triumph Unveiled in Fiscal Q4 Financials</title></head><body> Microsoft's AI Triumph Unveiled in Fiscal Q4 Financials

Rising political and macro uncertainty has dampened demand, particularly after concerns surrounding a potential Trump tariff plan.

CZ floats plan to reinvest any returned portion of Binance’s US$4.3 billion fine

Changpeng Zhao signaled that if the U.S. government ever refunded any part of the US$4.3 billion settlement paid by Binance, he would direct the money back into American industries.

Zhao’s remark on X followed public discussion about whether a presidential pardon affects the status of corporate financial penalties. He clarified that he has not asked for any reimbursement and acknowledged that expecting a refund would be unrealistic.

Legal analysts note that his personal pardon does not automatically void Binance’s corporate settlement, which stemmed from anti–money laundering and sanctions failures.

The pardon has also generated accusations of impropriety, including claims of hidden crypto payments to the Trump campaign.

ICIJ report flags billions in illicit crypto flows

A new investigative report from the International Consortium of Investigative Journalists (ICIJ) claims that major exchanges continued handling funds linked to organized crime even while under heightened US scrutiny.

The review of transaction records between 2023 and 2025 found that platforms such as Binance and OKX processed large volumes of transfers tied to scam networks, drug-trafficking groups, and state-backed hacking operations.

Binance allegedly received more than US$400 million from accounts connected to Huione Group, a Cambodia-based hub widely used by Chinese criminal gangs. Meanwhile, OKX was linked to over US$200 million from the same network, including flows that continued after Huione was labeled a primary money-laundering concern by US authorities.

The report also traced stolen funds from a US$1.5 billion North Korean hacking spree, identifying surges of deposits into Binance addresses routed through THORChain.

Additional cases tied some exchanges to fentanyl traffickers, cartel-linked launderers, and entities supporting North Korea’s weapons program.

Don’t forget to follow us @INN_Technology for real-time news updates!

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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