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Bitcoin price drops more than 20% to $42,000. What’s going on?

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3 years ago

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With the new Covid Omicron variant, the bitcoin price drops more than 20%. Bitcoin, Ethereum, and several other cryptocurrencies face a storm of bearish catalysts. Cryptocurrency prohibitions might also be the cause.

Bitcoin price dropped drastically in the early hours of this Saturday, November 4th, falling more than 20%, coming to trade at US$ 42,000. 

The price of Ethereum plummeted, dropping more than 25%, to around $3,400, and other known cryptocurrencies have also seen their market prices going down. The total market capitalization dropped 16% to $2.2 trillion. 

Top 10 Cryptocurrency Market // Source: CoinMarketCap

On a side note, in early November, the total market capitalization of cryptocurrencies reached $3 trillion for the first time in history.

Cryptocurrencies have been in chaos since the appearance of the Omicron form of the coronavirus. 

The Bitcoin price drops more than 20% What could be the cause?

On November 26th, bitcoin dropped to a seven-week low to trade at $54,000, entering the falling territory, when in October, it passed the $68000 barrier. At the time of the writing of this article, the price recovered, and it’s trading at $47205,98.

image 13 - Crypto DeFinance
Bitcoin price // Source: CoinMarketPrice

Tech stocks also had a bad week, with the Nasdaq index closing the week down about 2.5%. Cryptocurrency and stock prices are typically not closely correlated, however, large stock sales may be causing investors to become more aware of the overall risk and exit cryptocurrency positions.

The World Health Organization (WHO) said on past Friday, November 3rd, that the variant was detected in 38 countries, compared to 23 two days ago, with initial data suggesting that the strain is more contagious than others.

In addition to fears over the omicron variant, rising yields on US Treasuries may be prompting investors to abandon riskier investments in search of safer returns.

The index fell to its lowest level in over seven weeks. The return of the “red tide” to the markets harmed the most cyclical industries, such as retail and tourism. The energy industry was also among those that suffered the most losses as a result of the reduction in the price of an oil barrel.

Fed Chairman Jerome Powell stated on Tuesday that “it is time to remove the temporary end of inflation,” bolstering the notion that interest rates may increase sooner than expected, which penalized equities on both sides of the Atlantic.

Jerome Powell further warned that this new coronavirus variant offers possible economic hazards at a time when US inflation is at its highest level since 1990.

And this could be leading the investors to liquidate their Cryptocurrency positions.

Cryptocurrency prohibitions and regulatory restrictions across the world

image 14 - Crypto DeFinance
Source: Cointelegraph Analytics

Other causes could be the potential for further regulatory restrictions to be weighing on cryptocurrency valuations. 

China has effectively banned cryptocurrency and mining transactions. The conflict between Chinese officials and miners lasted for more than six months. 

China prohibited mining activities in May of this year, forcing these business people to shift their equipment to other countries such as the United States, Kazakhstan, and Russia.

On November 16th, China resumed its war on miners, declaring that Chinese officials would work more to penalize unlawful miners.

“Virtual currency mining is high energy consumption and carbon emissions, and does not play a positive role in industrial development and technological progress.”

Said the Chinese Government.

Despite portraying itself as an ecologically correct and environmentally conscious country, China’s primary energy source is coal combustion, as seen in the quotation below.

Following the departure of miners to other nations such as the United States, bitcoin mining is already proving to be more environmentally friendly.

“The risks arising from the production and trading of virtual currency are becoming increasingly prominent. Its blind and disorderly development has a severe adverse impact on promoting high quality economic and social development, energy conservation and emission reduction.”

said Meng Wei, a spokesperson for National Development and Reform Commission in China.

India is about to introduce legislation, not to ban, but to regulate all cryptocurrencies.  According to the government announcement, the new law will allow for “limited exclusions to promote the underlying cryptocurrency technology and its purposes.”

The Indian Central Bank further stated that they raised “severe concerns regarding macroeconomic and financial stability.”

The regulation is meant to safeguard Indian consumers when a rising number of individuals, many of whom lack financial expertise or information, are making these sorts of transactions and risk losing their entire investment, treating cryptocurrencies as assets.

The United States has recently signed the US spending bill included new taxes for cryptocurrency brokers.

Among these various factors, Bitcoin, Ethereum, and several other cryptocurrencies faced a storm of bearish catalysts.

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Sky is a seasoned cryptocurrency expert with a passion for blockchain technology and digital finance. With years of experience in the crypto industry, he has authored insightful articles on market trends, emerging technologies, and investment strategies. His work has been featured in leading crypto publications, helping both beginners and seasoned investors navigate the complex world of digital assets. Sky is dedicated to providing readers with accurate, up-to-date information to make informed decisions in the rapidly evolving crypto space.

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BlockDAG’s X1 Miner App Explosion With 3M Miners & 312K Holders Outshines Ethereum Fees & Doge Coin ETF Hype

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1 day ago

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September 16, 2025

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Ethereum continues to show resilience, but the latest Ethereum (ETH) price analysis highlights how scaling and congestion still limit growth. Meanwhile, the Doge coin (DOGE) price holds steady around $0.21, yet doubts remain on whether meme momentum alone can power another surge.

The contrast is clear when compared with BlockDAG (BDAG), which is building momentum without these weak points. With over $405M raised solely from its community and more than 3 million users mining on the X1 App, BlockDAG is proving that retail-driven growth can outpace traditional fundraising. With miners, holders, and applications already in motion, it is setting a new standard for top crypto projects.

BlockDAG’s Community-Driven Success Outpaces Venture Models

BlockDAG has redefined presale dynamics. While Filecoin raised $257M and Tezos $232M with strong VC support, BlockDAG has already secured over $405M through community participation alone.

Currently in its final presale phase, the price is fixed at $0.0013 until the Singapore Deployment Event with Coinstore. More than 26.2 billion BDAG coins have been sold, making this the largest community-backed presale in years. Unlike earlier networks that relied on private investors, BlockDAG’s success comes directly from grassroots adoption, giving everyday buyers equal access before exchange listings.

Over 312,000 holders and 3 million mobile miners on the X1 app are contributing to daily expansion, while 19,800 hardware miners have already been purchased and are now being shipped. Each unboxing video and review across social channels turns into marketing, fueling even more traction. For participants, the conclusion is straightforward: the $0.0013 entry will not last, and the growth potential is immense if adoption continues on this track.

Filecoin and Tezos relied on venture capital. BlockDAG relied on its users and still surpassed them. Missing this presale could mean stepping aside from one of the top crypto projects of this decade.

Ethereum (ETH) Price Analysis: Strong Yet Limited by Congestion

The latest Ethereum (ETH) price analysis confirms that while ETH remains a dominant network, scaling challenges and congestion continue to weigh heavily. Traders are closely watching resistance levels, with DeFi and NFTs still supporting usage. Yet, every surge in traffic reignites concerns over fees and throughput, issues not resolved even after upgrades.

For long-term holders, ETH offers stability with its established ecosystem and global adoption. However, when it comes to potential explosive upside, ETH cannot compete with newer presales like BlockDAG that combine accessibility with ecosystem growth.

Doge Coin (DOGE) Price: Holding Steady With ETF Speculation

The current Doge coin (DOGE) price stands near $0.214, with daily trading volumes between $1.2–1.4 billion and a market cap around $32 billion. Technical data shows DOGE pushing above its 50-day SMA, pointing toward a possible breakout if resistance at $0.22–0.24 is cleared. Analysts identify $0.205 as a key support, narrowing the range for traders.

Speculation over a potential Dogecoin ETF has also surfaced, driving optimism while much of its momentum still comes from meme-driven enthusiasm. Despite its roots, DOGE continues to maintain a top 10 market cap and active community engagement. Whether this translates into real catalysts will define its next move.

Final Overview

Ethereum remains influential, but the latest Ethereum (ETH) price analysis highlights scaling issues and fees that remain unresolved. The Dogecoin (DOGE) price holds steady near $0.21, backed by trading activity, though its future depends on community speculation and ETF rumors.

BlockDAG presents a different path. With over $405M raised from grassroots support, 26.2 billion coins sold, 312,000 holders, millions of mobile miners, and a presale price fixed at $0.0013, it is redefining what community-led adoption looks like. 

The BlockDAG presale is positioning itself as one of the top crypto projects of 2025, showing that true decentralization can outperform legacy fundraising. Missing this presale could mean missing a historic entry point.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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WEMIX’s Web3 MMORPG Legend of YMIR Kicks Off Pre-Registration for Global Creator Program

Published

6 days ago

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September 11, 2025

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WEMIX PLAY, the world’s leading blockchain gaming platform with over two decades of AAA game development success, has announced the start of global pre-registration for its Legend of YMIR Streamer Supporting System (SSS) program. 

Combining an epic saga based on Norse mythology with blockchain technology, the Web3 version of the highly-anticipated title is a fantasy MMORPG for mobile and PC (on WEMIX PLAY), while the SSS is a program designed to drive streaming content creation and foster positive synergy between streamers, players, and games. 

Riding on the success of the SSS of another celebrated title within the WEMIX PLAY ecosystem, Night Crows, this iteration aims to boost community engagement and strengthen the game ecosystem by incorporating stricter streamer qualifications and enhanced rewards for user generated content.

Another key enhancement is the expansion to TikTok, in addition to existing applicable platforms like YouTube, Twitch, and Facebook. This move is intended to attract a wider range of creators and lower the barrier to entry for new players by way of accessible, short-form content such as gameplay highlights and guides.

Legend of YMIR’s SSS is slated to go live at the same time as the game’s official launch. Streamers who complete a pre-registration mission will also receive pre-registration benefits. To qualify for the SSS program, streamers must:

  • Meet the new minimum requirements of 1,000 subscribers on YouTube/Facebook/TikTok or 2,000 followers on Twitch
  • Among those who pre-register, streamers must complete the pre-registration mission (on WEMIX PLAY) to claim benefits:
    • Access the SSS pre-registration site, enter their email, and complete the pre-registration process
    • Create a video related to Legend of YMIR or the Valhalla Trials event, and submit it at the time of the formal SSS application
    • Note: Even without completing the pre-registration, streamers who meet the eligibility requirements at the time of the formal application can still participate as SSS streamers
  • Upload one recorded video (between 3–20 minutes, excluding live content) or at least three short-form videos (between 30–60 seconds, including Shorts or TikTok) to YouTube, Twitch, Facebook, or TikTok before the official launch of Legend of YMIR
  • Include mention of Legend of YMIR pre-registration events (e.g. pre-launch WEMIX staking) in the video content, and the pre-registration link for Legend of YMIR in the video description 

Once streamers have been selected, they will receive a sponsorship code which can be used within their content. At the same time, players who make in-game purchases receive “Seeds”, which can then be used to sponsor their favorite streamers. Streamers in turn receive settlement payments based on their ranking, which is determined by their cumulative supporter (70%) and Seed (30%) counts. There will also be seasonal selection and voting for top-performing streamers, and winners will receive premium in-game rewards. This creates a structure where streamers are incentivized to produce quality content and players are encouraged to build a community.

By completing the SSS pre-registration and participating in the SSS Weekly Mission, participants can earn additional Valhalla Points as part of the pre-launch Valhalla Trials, and be rewarded with YMIR in-game tokens.

With the SSS program, WEMIX aims to build community integrity, engagement, and content quality, where in-game spending directly contributes to the growth of content creators — who in turn drive user engagement and game popularity. The SSS fund — a sponsorship pool representing the total amount available to creators and funded via player participation and in-game spending — is updated on a public dashboard every hour, and is also a testament to this commitment.

For more information and to join the global #WEMIX community, please visit the following sites:

About WEMADE:

WEMADE is the only company combining over two decades of AAA game development success with a fully operational, game-proven blockchain ecosystem—built entirely on its proprietary Layer-1 mainnet, WEMIX3.0. Known for global hits such as The Legend of Mir, MIR4, NIGHT CROWS and Legend of YMIR, WEMADE is leading the industry in seamlessly integrating gameplay, tokenomics, NFTs, stablecoin payments, and blockchain infrastructure. Through WEMIX PLAY, WEMADE delivers a unified digital economy where players, creators, and investors can own, trade, and benefit from digital assets—powering the next generation of interactive entertainment and driving the evolution of Web3 gaming.

For more information, please visit https://wemade.com/. 

About WEMIX PLAY:

WEMIX PLAY is the world’s leading blockchain gaming platform, offering one of the most diverse portfolios of blockchain-powered games globally, with more than 35 titles. The platform integrates NFTs, tokenomics, payment systems, webshops, an NFT marketplace, and community features—creating a unified ecosystem where players can truly own, trade, and benefit from digital assets. As the flagship of the WEMIX ecosystem, WEMIX PLAY delivers a seamless, immersive gaming experience—empowering players, creators, and investors to participate in decentralized digital economies and shaping the future of interactive entertainment.

For more information, please visit https://wemixplay.com/.

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BlockDAG Pulls $8M in Whale Buys, Pepenode Gamifies Mining, Bitcoin Hyper Targets BTC Scaling! Which Presale Should You Join Now?

Published

7 days ago

on

September 11, 2025

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Two fast-moving launches might be making noise, but another project is quietly building serious dominance. Pepenode (PEPENODE) is pushing its gamified mining idea and has pulled in over $700K. Bitcoin Hyper (HYPER) is racing ahead with a $13M+ presale and a plan to scale Bitcoin using SVM Layer‑2 tech. Both are making headlines among presale watchers, but the real question is which project is actually delivering.

Enter BlockDAG. This isn’t about buzzwords, it’s about milestones. With the price rolled back to $0.0013 and over 3 million users already mining via the X1 app, BDAG is stacking achievements faster than either rival. While others focus on speculation, BlockDAG is out there building. And in this market, real traction beats early noise every time.

Whales Go Big on BlockDAG at $0.0013!

BlockDAG just witnessed two massive transactions, one worth $4.4 million and another at $3.6 million, both coming in at the rolled-back price of $0.0013. That’s $8 million dropped in one shot by whale wallets that clearly see something bigger forming. Moves like this don’t happen by accident. They reflect a strong belief in a project that’s not just riding hype, it’s showing real traction.

The current batch price is $0.03, but BlockDAG is offering a limited-time entry at $0.0013, creating a major upside gap. Those who got in during Batch 1 are already sitting on a 2,900% gain. With the launch price confirmed at $0.05, early buyers could be looking at serious returns once BDAG hits exchanges.

So far, $403 million has been raised, and 26.1 billion coins have been sold. The numbers speak for themselves. On top of that, 19,000 mining rigs are already out in the wild, and over 3 million users are mining daily through the X1 mobile app. That kind of early activity, before even hitting the open market, is rare.

312,000+ holders have already locked in their positions. And the whales jumping in now are effectively setting a price floor. 

The roadmap now points to Singapore, where BlockDAG’s upcoming Deployment Event will highlight its next phase of growth. For anyone still on the fence, this could be the clearest signal yet: BlockDAG isn’t waiting around, and neither are those backing it with serious capital.

Pepenode’s Burn Model Gains Steam

Pepenode (PEPENODE) is making its mark by blending meme culture with virtual mining and interactive rewards. Instead of standard mining rigs, users upgrade digital nodes to earn meme coins like PEPENODE, PEPE, and FARTCOIN. A major twist? The system burns 70% of coins used for upgrades, cutting supply and pushing long-term value potential.

That unique model has stirred excitement, reflected in the growing presale. Just days after crossing $524K, the total now exceeds $700K. Prices range between $0.0010366–$0.0010407, and more hikes are coming with each batch sold. Add in features like leaderboards, referrals, and NFTs, and the community stays engaged and active.

Analysts are already calling it one of the busiest meme launches this season. While it hasn’t launched yet, its burn mechanics and gamified setup are keeping eyes glued to what’s coming next.

Bitcoin Hyper: Scaling Bitcoin with SVM Layer‑2

Bitcoin Hyper (HYPER) is building momentum with a bold mission, bringing scalability to Bitcoin through an SVM-powered Layer‑2 chain. The goal? Enable faster processing, cheaper fees, and smart contracts, while still settling on the main Bitcoin network.

That vision is catching fire. Over $13 million has already flowed in, with daily funding still climbing. Behind the scenes, rumors swirl that exchanges like Kraken might list the project, which could take things even further.

But it’s not just about tech. The presale’s strong numbers and community buzz have turned HYPER into a hot contender in this cycle. Analysts say it could unlock Bitcoin-based DeFi, NFT support, and more, without needing a separate chain. It’s aggressive, it’s fast-moving, and if those listings land, HYPER could be in for a huge run.

Looking Ahead

Pepenode (PEPENODE) has carved out attention with its virtual mining and supply-burning mechanics, crossing $700K in early-stage traction. Bitcoin Hyper (HYPER) has pushed further with $13 million raised, aiming to make Bitcoin scalable with smart contracts and SVM tech. Both are gaining steam, but which one offers the biggest upside right now?

That’s where BlockDAG breaks away from the pack. With $8 million pouring in from whales at $0.0013, the level of confidence shown is undeniable. And retail buyers aren’t priced out; they’re still getting access at that same level.

With $403 million already raised and 26.1 billion coins sold, BlockDAG isn’t just building momentum; it’s leading it. Between the high-speed mining ecosystem, 3 million X1 users, and aggressive presale mechanics, BDAG is locking in real demand long before its official launch. If there’s one presale right now where action and results are perfectly aligned, it’s BlockDAG.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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