Seller Fatigue?: Crypto Daybook Americas

By Omkar Godbole (All times ET unless indicated otherwise)

The crypto market remains choppy, with the CoinDesk 20 Index (CD20) little changed on a 24-hour basis and the bitcoin BTC$91,927.30 price consolidating above $90,000. Sounds boring, right?

But this price action actually validates the oversold conditions signaled by the relative strength index (RSI) on Tuesday, when BTC first explored lows under $90,000. On the same day, CoinDesk flagged that the RSI reading needs validation from those signature doji candles — the ones with lower wicks — that tell you sellers might be losing their grip.

Guess what? Those clues showed up in the form of back-to-back daily candles with long lower wicks (Check the TA section), signaling bears’ failure to keep prices below $90,000. Coupled with the oversold RSI, it looks like the downtrend might be running out of gas.

The timing of this signal couldn’t be more interesting, because the much-delayed U.S. nonfarm payrolls data for September is scheduled for release later today.

To be sure, it’s old news. Plus, the Labor Department has said it won’t release the October report, which could deepen the divide at the Fed over interest-rate cuts. But while there is a high chance the market will disregard this figure, the crypto market right now is battered and bruised, starved for good news.

Market sentiment is crushed, fear is rampant and bitcoin’s already dropped 30% from its $126K record high. Investors are camped out on the bearish side and have scaled back expectations of a Fed rate cut to 30% from 98% a month ago.

This is precisely the set up where a piece of good news — a massively weak payroll data that boosts rate-cut bets, for example — can trigger a short squeeze and a rally. So, with all these pieces in place, don’t be surprised if we see some bullish volatility lighting up the market.

In other key news items worth noting, Ripple executives are openly discussing the possibility of introducing native staking on the XRP Ledger to expand XRP’s role in DeFi.

Base co-founder Jesse Pollak announced on X that his personal token, JESSE, will launch on the Base App, expanding the layer-2’s ecosystem.

In traditional markets, the yen continued weakening against the dollar even as domestic government bond yields surged, a sign of fiscal stress reflecting in FX markets. Traders are closely watching for signs the Bank of Japan might intervene to stop the currency’s slide. Stay alert.

Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead“.

• Crypto
  • Nov. 20: Illuvium (ILV) Staking V3 starts on Base.
• Macro
  • Nov. 20, 8:30 a.m.: Canada Oct. PPI. Headline YoY (Prev. 5.5%), MoM (Est. 0.3%.
  • Nov. 20, 8:30 a.m.: Nov. Philadelphia Fed Manufacturing Index Est. -3.1.
  • Nov. 20, 8:30 a.m.: The delayed U.S. Sept. jobs report is expected to be released.
  • Nov. 20, 10 a.m.: U.S. Oct. Existing Home Sales Est. 4.08M.
  • Nov. 20, 11 a.m.: Fed Governor Lisa D. Cook speech on “Financial Stability.” Watch live.
• Earnings (Estimates based on FactSet data)
  • Nov. 20: Webull (BULL), post-market, $ 0.02.

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead“.

• Governance votes and calls
• Unlocks
  • ZRO$1.4073 unlocks 7.29% of its circulating supply worth $25.71 million.
  • KAITO$0.7891 unlocks 2.97% of its circulating supply.
• Token Launches
  • Aster ASTER$1.3024 to list on Coinbase ASTER/USD pair.
  • APEPE$0.0₅1749 to list on Gopax.
  • Mine Blue (MB) to list on MEXC.

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead“.

• Day 2 of 2: MoneyLIVE Payments Europe (Amsterdam)
• Day 2 of 2: Fintech NerdCon 2025 (Miami)
• Nov. 20: RegTech Summit New York 2025 (New York)

• BTC is up 1.5% from 4 p.m. ET Wednesday at $91,891.98 (24hrs: +0.48%)
• ETH is up 0.69% at $3,009.62 (24hrs: -2.6%)
• CoinDesk 20 is up 1.79% at 2,950.83 (24hrs: -0.55%)
• Ether CESR Composite Staking Rate is down 9 bps at 2.86%
• BTC funding rate is at 0.0073% (8.0088% annualized) on Binance

• DXY is unchanged at 100.18
• Gold futures are down 0.52% at $4,061.70
• Silver futures are down 0.38% at $50.66
• Nikkei 225 closed up 2.65% at 49,823.94
• Hang Seng closed unchanged at 25,835.57
• FTSE is up 0.72% at 9,575.42
• Euro Stoxx 50 is up 0.94% at 5,594.21
• DJIA closed on Wednesday up 0.10% at 46,138.77
• S&P 500 closed up 0.38% at 6,642.16
• Nasdaq Composite closed up 0.59% at 22,564.23
• S&P/TSX Composite closed up 0.81% at 30,278.41
• S&P 40 Latin America closed unchanged at 3,070.06
• U.S. 10-Year Treasury rate is up 0.8 bps at 4.139%
• E-mini S&P 500 futures are up 1.09% at 6,734.25
• E-mini Nasdaq-100 futures are up 1.42% at 25,072.00
• E-mini Dow Jones Industrial Average Index are up 0.54% at 46,458.00

• BTC Dominance: 59.29% (+0.01%)
• Ether-bitcoin ratio: 0.03278 (-0.81%)
• Hashrate (seven-day moving average): 1,070 EH/s
• Hashprice (spot): $38.22
• Total fees: 3.33 BTC / $302,253
• CME Futures Open Interest: 133,250 BTC
• BTC priced in gold: 22.6 oz.
• BTC vs gold market cap: 6.14%

• The chart shows BTC’s daily price action in the candlestick format with the 14-day relative strength index (RSI) in the lower panel.
• Back-to-back daily candles with long tails (wicks) indicate failure by bears to keep prices below $90,000.
• This, coupled with the oversold reading on the RSI, suggests scope for a price bounce.

• Coinbase Global (COIN): closed on Wednesday at $257.29 (-1.72%), +1.83% at $261.99 in pre-market
• Circle Internet (CRCL): closed at $69.72 (-8.98%), +1.31% at $70.63
• Galaxy Digital (GLXY): closed at $25.76 (+0.7%), +3.45% at $26.65
• Bullish (BLSH): closed at $36.39 (-3.63%), +0.85% at $36.70
• MARA Holdings (MARA): closed at $11.1 (-6.57%), +3.60% at $11.50
• Riot Platforms (RIOT): closed at $13.35 (-4.23%), +3% at $13.75
• Core Scientific (CORZ): closed at $15.39 (-0.26%), +7.47% at $16.54
• CleanSpark (CLSK): closed at $10.22 (-5.46%), +4.11% at $10.64
• CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $40.4 (-3.42%)
• Exodus Movement (EXOD): closed at $14.48 (-7.48%)

Crypto Treasury Companies

• Strategy (MSTR): closed at $186.5 (-9.82%), +2.7% at $191.54
• Semler Scientific (SMLR): closed at $19.73 (-8.28%)
• SharpLink Gaming (SBET): closed at $9.87 (-6.45%), +2.84% at $10.15
• Upexi (UPXI): closed at $2.69 (-7.72%), +8.18% at $2.91
• Lite Strategy (LITS): closed at $1.78 (-7.77%)

Spot BTC ETFs

• Daily net flows: $75.4 million
• Cumulative net flows: $58.28 billion
• Total BTC holdings ~1.32 million

Spot ETH ETFs

• Daily net flows: -$37.4 million
• Cumulative net flows: $12.86 billion
• Total ETH holdings ~6.25 million

Source: Farside Investors

• BlackRock Takes First Step Toward a Staked Ether ETF (CoinDesk): A Nov. 19 Delaware filing for the iShares Staked Ethereum Trust signals BlackRock’s intent to enter the yield-bearing ether market as issuers wait for regulatory clarity on staking.
• Trump Weighs Executive Order Targeting State AI Laws (The Wall Street Journal): The U.S. president is considering withholding federal funds and deploying the Justice Department to challenge state AI laws, part of a broader push to centralize AI policy under federal control.
• Privacy-Focused Aztec Network’s Ignition Chain Lights Up on Ethereum (CoinDesk): After reaching 500 validators, Aztec’s Ignition Chain went live as a decentralized Ethereum layer 2 combining zero-knowledge proofs with base-layer security to enable private, scalable transactions.
• India’s Debt-Backed ARC Token Eyes Tentative Q1 2026 Debut, Sources Say (CoinDesk): Asset Reserve Certificate (ARC), a rupee-backed token minted only against verified cash, fixed deposits or government securities, is designed to complement the digital rupee and prevent liquidity outflow into dollar-backed stablecoins.