Crypto One Liners: What’s Driving the Market in a Minute - November 22

Actionable Market Insights

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MACRO / TREASURY COMPANIES / DIVERSIFIED CRYPTO / BITCOIN MINERS / CRYPTO CURRENCIES

MACRO

Bitcoin has broken key moving averages amid heavy ETF outflows, whale distribution, and leveraged liquidations, while hawkish Fed signals and weakening investor positioning continue to pressure price.

US equities have turned broadly risk-off, with tech leading the decline after Nvidia’s earnings triggered profit-taking, even as isolated retail names like Walmart and Gap showed relative strength.

The Nasdaq sell-off has been driven by sharp declines in semiconductors and AI-linked stocks, as investors reassess earnings sustainability and capital spending risks.

The dollar strengthened on stronger-than-expected labor data and a weaker yen, reinforcing risk-off dynamics in global markets.

Gold weakened as a stronger dollar, softer Asian physical demand, and hawkish Fed commentary capped any recovery attempts.