Major cryptocurrencies showed mixed performance as the market faced heightened volatility. On November 13 at 14:13 UTC, Bitcoin fell 4.19% over 24 hours to $69,263 and posted an 8.49% decline over the past week. Ethereum decreased 2.07% in the same period to $1,963.79, marking a 12.04% loss over seven days. Meanwhile, XRP and Solana recorded modest gains of 0.29% in 24 hours, with prices at $1.03 and $81.29, respectively, but both tokens faced weekly losses.
Wider crypto sentiment and fear index
These fluctuations coincided with a reading of 20 on the Crypto Fear & Greed Index, indicating a state of Extreme Fear among market participants. Alternative.me operates this index, which summarizes investor sentiment toward cryptocurrencies on a scale from 0 (Extreme Fear) to 100 (Extreme Greed). Such a low score typically reflects investor apprehension, potentially deterring new buying activity during uncertain conditions.
| Asset | Price, USD | 24-hour change | 7-day change |
|---|---|---|---|
| Bitcoin | $69,263 | -4.19% | -8.49% |
| Ethereum | $1,963.79 | -2.07% | -12.04% |
| XRP | $1.03 | +0.29% | -13.08% |
| Solana | $81.29 | +0.29% | -9.58% |
During the same session, BNB traded at $640.77, showing a 2.05% drop over 24 hours. These figures represent market data as of the reported time for informational purposes—not predictions for future price movement.
US DOJ targets Binance hack proceeds
The US Department of Justice (DOJ), a federal agency responsible for law enforcement, has initiated proceedings to seize $1.2 billion linked to the proceeds of a significant Binance crypto hack. Reports state that more than $2.7 billion derived from the same incident has already been frozen by authorities, though no details about individuals involved or the final resolution timeline were disclosed.
In a separate development, research attributed a theft of over $400 million in crypto to a scheme called FaceStealer over an eighteen-month period. These illicit activities remain distinct events according to public sources.
Efforts by the DOJ to recover proceeds from the Binance hack have resulted in over $2.7 billion in assets being frozen, though the status of further official seizures and potential restitution for affected individuals remains unclear.
Mini dictionary: US Department of Justice (DOJ): The DOJ is the federal executive agency tasked with enforcing the laws of the United States and overseeing the nation’s justice system, including efforts to combat cybercrime and financial fraud.
Visa adopts stablecoin settlement with USDPT
Visa, a global leader in payments technology, has enabled eligible businesses to settle obligations on its VisaNet platform using USDPT, a stablecoin issued and managed by Anchorage Digital Bank. Anchorage is a federally chartered digital asset lender licensed in the US. This step allows Visa and participating entities to use USDPT for on-chain settlements, though individual consumer eligibility was not outlined and the partnership remains limited in scope.
The arrangement enables settlement of obligations between Visa and eligible partners using USDPT stablecoin, as managed by Anchorage Digital Bank.
Mini dictionary: Anchorage Digital Bank: Anchorage is a federally chartered digital asset bank and custody provider, offering secure institutional-grade storage and transaction solutions for cryptocurrencies.
Additional developments: indexes, nominations, and Ethereum security
Strategy shares dropped after index provider MSCI removed the company from its benchmarks, aligning with the day’s wider market decline. The timing and broader impact of this action were not specified. Reports also noted Bitcoin’s decline during this period, though no definitive causal connection with the index move was established.
The White House named new nominees for positions at the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), including a successor to Hester Peirce, though the candidates’ names were not disclosed.
JPMorgan increased its holding of Strategy shares by 224,545 in the third quarter, bringing its total to 11.4 million shares of BlackRock’s Bitcoin ETF. These figures provide perspective on institutional involvement in crypto-related investment products.
In the Ethereum ecosystem, developers are working towards making the blockchain quantum-resistant by 2027. Separately, BTCS, a US-listed company, sold Ethereum below its purchase price while managing $64.1 million in outstanding debt on Aave, a decentralized lending platform.
Mini dictionary: MSCI: MSCI Inc. is a financial services company providing global equity indexes used by funds and financial institutions for benchmarking and portfolio construction.
