Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee and brace yourself because Bitcoin’s October sell-off is showing signs of reversal. With buying pressure returning and institutional support strengthening, the market may be positioning for a major rebound in 2025.
Bitcoin’s dramatic October drawdown appears to be over, according to crypto pioneer Max Keiser. The sell-off, triggered by a stablecoin misprint rather than macro events, ETFs, or exchange failures, has given way to a surge in buying interest.
“There was a misprint on one of the stablecoins that triggered a selling cascade. Now we see the market adjusting upward to cover ground lost to the price error,” Max Keiser told BeInCrypto.
Reviewing volume charts, Keiser noted clear signs of seller exhaustion, citing a decline in distribution that is giving way to a surge of buying interest.
This insight aligns with market data showing a sharp rebound in BTC volume after the October 10 crash, suggesting retail and institutional buyers are re-entering the market.
A little-noticed MSCI consultation note exacerbated the October crash. The proposal suggested that companies with over 50% of assets in digital holdings and operating like a digital treasury could be excluded from MSCI global indices.
MicroStrategy, often viewed as a leveraged Bitcoin proxy, was at risk of forced selling by index funds.
Analyst Bull Theory said MSCI’s announcement added structural fear to an already fragile market, which was facing high leverage, weak Nasdaq performance, and geopolitical tensions.
“The result was one of the biggest liquidation waves in crypto history,” the analyst stated.
Three days later, JPMorgan published a bearish note highlighting the same MSCI risks, amplifying panic in thin liquidity conditions.
Max Keiser emphasized that institutional timing was strategic rather than manipulative, allowing large players to accumulate assets while retail sold under stress. MicroStrategy CEO Michael Saylor publicly clarified the company’s position.
Saylor highlighted $7.7 billion in digital credit instruments issued this year, as well as the novel BTC-backed Stretch (STRC) product, reinforcing confidence in the long-term fundamentals.
Saylor’s posts highlight the rise of Bitcoin as premier collateral. Weekly volumes for Strategy’s BTC-backed credit instruments surged from $1.2 million in mid-September to over $13 billion by late November, a growth of more than 1,000%. This highlights the market’s growing reliance on BTC in structured finance, outpacing traditional fiat-backed options.
“There is no reason a new ATH in 2025 shouldn’t happen. The demand for BTC is at an all-time high,” Max Keiser concluded.
While the MSCI decision is set for January 15, 2026, the October crash is now widely viewed as a technical panic rather than a fundamental breakdown.
Analysts expect continued institutional accumulation, stabilization of ETF flows, and a renewed cycle of liquidity. The current market presents an opportunity to capitalize on structural clarity and rising demand, with BTC positioned for a potential 2025 rally.
Here’s a summary of more US crypto news to follow today:
| Company | At the Close of November 21 | Pre-Market Overview |
| Strategy (MSTR) | $170.50 | $172.73 (+1.31%) |
| Coinbase (COIN) | $240.41 | $245.31 (+2.045) |
| Galaxy Digital Holdings (GLXY) | $23.42 | $23.97 (+2.35%) |
| MARA Holdings (MARA) | $10.07 | $10.34 (+2.68%) |
| Riot Platforms (RIOT) | $12.71 | $12.95 (+1.89%) |
| Core Scientific (CORZ) | $14.73 | $14.89 (+1.09%) |