Bitcoin briefly fell below $100,000 on November 5, 2025, triggering more than $1.7 billion in liquidations across cryptocurrency exchanges. Analysts say the decline resulted from excessive leverage unwinding rather than long-term investor selling. Market observers identify the $100,000 level as critical support, with on-chain data showing holders maintaining positions.

Coinbase is in advanced negotiations to acquire BVNK, a London-based stablecoin payment infrastructure provider, in a deal valued at approximately $2 billion. The acquisition would give the U.S. exchange control over merchant payment systems connecting blockchain and traditional finance. Sources familiar with the matter say the transaction could close before the end of 2025, subject to completion of due diligence.