Bitcoin Suffers Flash Crash to As Low As $80K | CoinDesk Daily

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4.8 • 689 Ratings

🗓️ 21 November 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

How low will bitcoin go? Crypto markets plunged toward April lows on Friday as a lingering liquidity crunch amplified price swings. CoinGlass data shows that the sell-off coincides with nearly $2 billion in liquidations over the past 24 hours. Will the market recover from this? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠midnight.network/break-free⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - Need liquidity without selling your crypto? Take out a ⁠⁠⁠Figure Crypto-Backed Loan⁠⁠⁠, allowing you to borrow against your BTC, ETH, or SOL with 12-month terms and no prepayment penalties. They have the lowest rates in the industry at 8.91%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event. Unlock your crypto’s potential today at Figure! ⁠⁠⁠https://figuremarkets.co/coindesk⁠⁠⁠ - Genius Group has partnered with CoinDesk for Bitcoin Treasury Month, launching the Genius x CoinDesk Quest. Participants can join the Bitcoin Academy, complete free microcourses from experts like Natalie Brunell and Saifedean Ammous, and enter to win 1,000,000 GEMs (worth 1 BTC) promoting bitcoin education and adoption.Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠geniusgroup.ai/coindesk-bitcoin-treasury-month/⁠⁠⁠⁠⁠⁠⁠⁠⁠ - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Transcript

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0:00.0	A violent sell-off sends Bitcoin and Ether tumbling, and Kalshi closes a $1 billion funding round.
0:07.0	You're watching Coin Desk Daily. I'm your host, Jen Sanasi.
0:15.6	The overall crypto market suffered a violent sell-off on Friday, sending Bitcoin and Ether tumbling 8% in 24 hours.
0:22.7	Bitcoin has inched upwards to around $84,000 while Ether hovers around $2,700.
0:28.0	The damage was even more severe in the Alt-Coy sector, where the CoinDisc 20 index fell 10%, and several tokens suffered double-digit losses.
0:35.9	Coinglass data shows nearly $2 billion in liquidations over the past 24 hours.
0:40.7	Roughly6,000 traders were wiped out, including a single $36.7 million position in hyperliquid.
0:47.3	Utility or privacy.
0:49.0	The transparency of traditional blockchains forces a difficult choice.
0:52.6	Break free from this limitation with midnight.
0:55.6	Coin desk Bitcoin Treasury Month is brought to you by Genius Group, a Bitcoin Treasury company
0:59.6	listed on the New York Stock Exchange under the ticker, GNS. Looking for the best way to unlock
1:05.2	your crypto's liquidity, take out a crypto-backed loan with Figger Today. Prediction Market
1:10.2	CalShe has closed a massive $1 billion funding round valuing the company at $11 billion, led by Sequoia Capital and Capital G.
1:17.9	The raise positions Calci is a formidable regulated rival to the crypto-native polymarket.
1:22.8	The valuation comes just one month after a smaller raise, highlighting intense investor appetite for the sector.
1:28.3	The platform distinguishes itself by operating under CFTC oversight, offering institutional
1:33.1	and retail traders legal certainty and fiat on ramps.
1:37.4	And dozens of major crypto groups led by the Salana Policy Institute have petitioned President
1:41.9	Trump to enact immediate quick wins for the industry while Congress stalls on market structure legislation.
1:48.2	The coalition is urging the administration to use executive power to bridge the gap caused by Senate delays.
1:54.0	Key demands include tax guidance that exempts small transactions and ensures mining rewards aren't taxed until sold.
	...

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