Crypto Market Experiences Across-the-Board Plunge, Total Market Cap Falls Below $2.4 Trillion

On November 14th, according to the data of Antpool, based on the current Bitcoin mining difficulty and an electricity cost of $0.08 per kWh, miners including the Antminer S19 series and the WhatsMiner M60 series (WhatsMiner M53S++, WhatsMiner M56S++) have reached the shutdown coin price. Meanwhile, the WhatsMiner M60 and WhatsMiner M66 miners are approaching the shutdown coin price of $93,000. In addition, high-hashrate miners such as the Antminer U3S23H and the Antminer S23 Hyd have a shutdown coin price above $44,000.

On November 14th, Binance declared that the PLANCKUSDT U coin-margined perpetual contract, which was originally scheduled to be launched at 16:00 (GMT+8) on November 14, 2025, will be postponed. The new launch time will be announced separately.

November 14th: Hunter Horsley, who is the CEO of the crypto asset management platform Bitwise, put up a post on social media and said, "We frequently discuss the four-year cycle - yet the truth is that this model is established based on the past periods of the crypto market. Since the Bitcoin ETF was launched and Trump assumed office, we have stepped into an entirely new market structure: there are new participants, new market dynamics, and new factors for people to buy and sell crypto assets." "I think it is highly probable that we have already been in a bear market for nearly 6 months, and we are approaching the end. The current configuration of the crypto market is stronger than it has ever been before."

On November 14th, according to the monitoring of LookOnChain, the "Whale That Once Shorted 66,000 ETH" has once again withdrawn 16,937 ETH from Binance (with a value of $53.91 million).

November 14th: The main candidate vying for the chairmanship of the Federal Reserve under US President Trump is converging towards a policy that appears to be at odds with Trump's style. While Trump desires low interest rates, the Federal Reserve chair candidates favored by him advocate restricting the central bank's core tool for attaining low rates—quantitative easing. This political paradox is evolving into a sharp contradiction in the race for the next Federal Reserve chair. Trump continues to vehemently criticize the current Federal Reserve Chair Powell, with his true intention being to be able to appoint a new central bank head next year who is more in line with his own ideology. However, in this succession race, a significant portion of the discussion is centered around an issue that seems to contradict Trump's advocacy: limiting the size of the Federal Reserve's financial asset holdings. The current key issue is how the situation will unfold in the coming months as Chairman P

On November 14th, as per an official announcement, Bybit is going to list Pieverse (PIEVERSE) for spot trading.