CoinDesk Podcast Network Bitcoin Down More Than 10% on the Week Amid 'Extreme Fear' Sentiment | CoinDesk Daily
Nov 17, 2025
Bitcoin has dropped to its lowest point since May, triggering extreme fear in the market with a fear index reading of 14. The show's host discusses significant developments, including the Treasury's clarification on dividend requirements and Alibaba's venture into tokenized payments with JPMorgan. Additionally, the ICIJ report reveals concerns over major exchanges potentially enabling illicit activities. The conversation highlights ongoing challenges and opportunities within the crypto landscape, making it a thought-provoking listen.
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Bitcoin Drops To May Lows
- Bitcoin briefly fell below $94,000 and hit its lowest level since May, signaling renewed downside pressure.
- Market sentiment sits in "extreme fear" with the Crypto Fear & Greed Index at 14, underscoring cautious investor behavior.
Treasury Clarifies Dividend Requires Congress
- Treasury Secretary comments deflated hopes that a $2,000 dividend could be distributed without Congress approving it.
- That clarification removed expectations of quick consumer spending and crypto inflows tied to the tariff-funded plan.
Alibaba Moves To Tokenized Bank Deposits
- Alibaba will partner with JPMorgan to use JPMD blockchain infrastructure for tokenized fiat settlement on its B2B platform.
- The initiative prioritizes bank-issued digital tokens for clarity and may consider stablecoins later.