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Plus: Is this the bottom or just a break before another leg down?

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GM. Crypto's as unpredictable as unpeeling an orange - sometimes a clean break, sometimes a sticky mess.

Let's see what's inside this time:

🍍 The calm before the storm?

🐛 Crypto's open source bug-out;

🍋 Zcash could chip at Bitcoin support, BlackRock says clients don't use Bitcoin for payments + more

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🍍 Market flavor today

Fear and Greed Index
Find out more about the Fear & Greed Index here.

 Crypto Market Cap: $2.94T -0.17% (24H)
  Name   Price 24H 7D
Bitcoin Bitcoin BTC $87,068.34 -0.30% -7.45%
Ethereum Ethereum ETH $2,849.49 0.77% -8.57%
XRP XRP XRP $2.10 1.43% -4.25%
BNB BNB BNB $846.10 -0.30% -7.16%
Solana Solana SOL $133.41 0.54% -2.19%
Prices as of 12:00 PM EST. Click here to see live data.

The mood of the crypto market? Dizzy. Suspicious. Mildly offensive. But somehow we still can't stop looking at the charts.

Extreme fear is still running hot. Bitcoin's still trading below $90K.

But here's the slightly better news: the worst of the price drop seems to have slowed (for now, at least).

Not reversed... just stopped bleeding for a moment.

Bitcoin price chart from BitDegree, 11-24

Source: BitDegree

Basically, we're in that awkward middle zone where everyone's trying to figure out whether this is a real bottom or just a break before another leg down.

And the answer? Honestly, it depends on who you ask.

👉 Some analysts point to rising expectations of Fed rate cuts - not immediately, but close enough for risk assets to perk up.

👉 Others point to more than $1B in recent institutional outflows and generally shaky liquidity conditions, which is usually not the recipe for a quick recovery.

Translation: part of the market sees a rebound forming, the rest sees more downside risk.

But here's the interesting part - Bitcoin's down 20% - 30%, fear is maxed, market cap is ~$3T... and yet buyers are still there.

That's not how a true cycle top usually behaves.

👉 If this were a true unwind, the panic would be harsher.

👉 If it's a mid-cycle reset, this level of fear is exactly what you tend to see right before things reverse.

So the whole question comes down to one line: do we reclaim $90K - $95K, or do we fall back into the $80K basement to scream into a pillow again?

Either way, crypto woke up dazed today - but it's back on its feet, blinking hard, trying to remember where it left its confidence.

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⏳ Tick tock… The MEXC Mission clock is judging you

11-10 Mission: MEXC

OMG WAIT - are you really about to let this one slip by?!

The MEXC Mission is near the finish line, and you've got until Nov 30 before it vanishes into the void forever 👀💨

This Mission lets you poke around MEXC's coolest features while scooping up some sweet, sweet rewards.

🎁 2,000 Bits

🎁 1,000 USDC

🎁 Up to 1,000 USDT Welcome Bonus

Not to be dramatic, but... that's kind of a lot.

Plus, (and here's the spicy part 🌶️) every extra Bit you earn boosts your share of the $15K BitDegree x Ogvio Airdrop - which ALSO ends on Nov 30.

So yeah... if there was ever a perfect "I should do this right now" moment, this is it.

Start Mission

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🥝 Memecoin harvest

These coins running faster than my WiFi during an airdrop 🏃‍♂️

Data as of 09:35 AM EST.

Check out these memecoins and plenty more here.

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🐛 Crypto's open source bug-out

There's a special kind of silence that happens right before a big problem reveals itself. The "wait... that's not supposed to be there" silence.

And you could feel this silence in crypto's software supply chain recently.

A massive breach hit NPM, the public toolbox developers use to build half the internet - including a ton of Web3 infrastructure.

If you've ever used a wallet, an ENS name, or anything remotely Web3-ish, there's a good chance some of that code came from NPM.

And this week, 400+ of those packages got infected with a malware worm called Shai Hulud.

Mom, come pick me up, I'm scared

That includes real-deal components like ENS content-hash and ensjs - the stuff that makes human-readable blockchain names actually work.

You know, the difference between sending tokens to "alex.eth" instead of "0xA93BxF...whatever."

Every time someone downloaded one of the infected packages, Shai Hulud got to work: stealing secrets, leaking private data, and spreading into any new project it touched.

According to security firm Wiz, it was adding new victims every 30 minutes.

And shoutout to Charlie Eriksen, the researcher who caught it and hit the alarm.

Source: Charlie Eriksen

Source: Charlie Eriksen

Now, if you're not a developer, it's easy to shrug this off with a "well, I don't code, so... ok? 😃"

But here's the thing: when the tools developers rely on get tampered with, everyone downstream is at risk.

Users can lose privacy, funds, or access - without ever touching a sketchy link. That's what makes supply-chain hacks so nasty: the damage happens before the app even reaches your screen.

The good news? Open source moves fast. Once the worm was spotted, patches started rolling out, and the infected packages were removed. The fire didn't burn the whole house down.

But the risk doesn't disappear just because the smoke clears. This is the reminder nobody asked for: crypto isn't only about charts, pumps, and airdrops. It's also about trusting the math, the code, and the tools underneath it all.

So yeah... maybe peek into your digital toolbox once in a while before you start building.

Because sometimes the thing that bites you isn't a market crash - it's the bug hiding in your dependencies.

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🍋 News drops you can't miss

💸 Got friends or family in Ukraine and want the cheapest, easiest way to support them? We rounded up the best options, so you don't have to dig through a dozen tabs.

🗳️ Eric Balchunas says Zcash could steal some of Bitcoin's support right when it needs it most. He compares it to a third-party candidate messing up an election.

💼 Robbie Mitchnick at BlackRock says their clients mostly don't see Bitcoin as something to use for everyday payments. The idea of Bitcoin as a global way to pay is still pretty far off.

🛠️ Cardano ran into a mini chain split because one weird delegation transaction tripped an old bug. It technically followed the rules but still caused a network headache.

💸 Crypto Dispensers is thinking about a $100M sale while its founder's got federal money laundering charges hanging over him. They've brought in advisers to see who might want to buy and what to do next.

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🍌 Juicy memes

Meme about contrasting family sentiments with a humorous twist on market frustrations.

Source: @btc_charlie

Meme about the dilemma of taking profits vs. the fear of missing out on larger gains.

Source: @dubzyxbt

Meme about late-night thoughts and questionable decisions.

Source: @BillyM2k

Gode S. Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

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