On-Chain Metric Tips Ethereum To Form Price Bottom Below $2,000 – Here’s Why

Sal Gilbertie, CEO of Teucrium, has sparked excitement in the XRP community after sharing his thoughts about Ripple’s future, the company’s expanding ecosystem, and what could truly unleash the next big XRP price surge. His message is clear: Ripple is not just another crypto company, it is building the foundation of a global financial powerhouse.

Ripple Is Quietly Building a JP Morgan Rival

According to Gilbertie, Ripple’s long-term strategy has been hiding in plain sight. He believes the company is on track to become nothing less than a modern rival to JP Morgan once it secures its banking license. With strong capitalization, disciplined leadership and a network of former Ripple employees who remain active in the broader ecosystem, Gilbertie says Ripple operates like “a machine.”

In his view, Ripple’s team is highly creative, deeply coordinated and consistently expanding the XRP ecosystem, even when individuals take different paths. That is why he feels Ripple sits “at the center of the universe” in the evolving digital asset landscape.

A future Ripple Bank, backed by clear U.S. regulations, is what he expects will unlock the next major wave of growth for XRP, not just new apps or developer tooling.

Why Ripple Has No Reason to Sell XRP

Gilbertie also addressed concerns around Ripple’s XRP holdings. He says Ripple has little motivation to sell aggressively, especially as its financial position strengthens and the value of its tokens rises. With a banking license and institutional clients, XRP becomes even more useful as a liquidity and treasury asset.

As Gilbertie put it, “Why would they want to sell XRP? They’re incredibly well capitalized.”

Ripple, in his view, is holding XRP the same way traditional banks hold capital reserves.

XRP’s Price Dip Is Normal, Not a Collapse

Despite recent volatility that sent XRP below key psychological levels, Gilbertie says the panic is exaggerated. Crypto assets have surged hundreds of percent in the past year, so a 30–50% pullback is simply “natural.” He compares recent dips to an early Black Friday sale — loud, dramatic and overhyped.

More importantly, he says volatility in major assets like Bitcoin is falling rapidly, boosted by a crypto-friendly U.S. administration and institutional entry through ETFs.

As more money flows into crypto and more supply is locked away by long-term holders, markets will stabilize. XRP, he says, is part of this maturing cycle.

Will XRP-Backed Bonds or Treasury Products Happen?

When asked whether XRP-backed municipal bonds could appear in the future, Gilbertie didn’t dismiss the idea. He said crypto-backed financial products are coming as the industry integrates with traditional finance.

Tokenized treasuries, blockchain-based bonds and collateralized digital assets are all part of this transition — and XRP’s role will grow as the ecosystem expands.

Ripple’s Real Trigger: Clarity and a Banking License

While developers continue building on many different ledgers, Gilbertie stressed that XRP’s biggest catalyst will not be a “killer app.” Instead, it will be regulatory clarity in the U.S. and Ripple’s long-anticipated banking license.These two developments, not hype, will define the next phase of XRP adoption.

Ripple’s global financial infrastructure plans, not short-term price speculation, are the engine behind XRP’s future. And once the banking side goes live, Gilbertie believes the market could react in a very big way.

Bitcoin miners are aggressively draining their reserves in a bid to shore up balance sheets against a historic collapse in revenue efficiency.

Data from CryptoQuant reveals that miners have transferred more than 30,000 Bitcoin, valued at around $2.6 billion, from their wallets since November 21.

Bitcoin Mining Faces Survival Phase as Reserves Fall to Lowest Level Ever

As a result, the exodus has pulled total miner reserves down to 1.803 million BTC, the lowest levels on record.

This sudden liquidity event signals that operators are pivoting from accumulation to survival, forced to monetize hard assets to cover operational overhead as cash flows dry up.

The catalyst for the sell-off is a brutal deterioration in mining economics.

According to Hashrate Index data, Bitcoin’s hashprice has fallen more than 50% in recent weeks to an all-time low of $34.49 per petahash per second.

Hashprice is the industry standard for tracking daily revenue per unit of computing power.

For context, even during the 2021 China mining ban and the depths of the 2022 bear market, this metric rarely dipped below $50.

The current levels imply that, for all but the most efficient operators, the cost of generating a new Bitcoin now exceeds the asset’s market price.

Compounding the pain is a stubborn disconnect between price and network difficulty. While Bitcoin has corrected 22% over the past month to trade near $86,075, the network’s total computing power has refused to budge.

The global hashrate remains elevated at over one zettahash, suggesting a high-stakes game is playing out across the sector.

This implies that well-capitalized public miners are keeping next-generation fleets online despite negative margins. They are effectively subsidizing production with equity issuance or cash reserves.

The strategy is designed to squeeze out smaller, private competitors who lack access to capital markets.

Considering this, industry analysts warn that if Bitcoin prices do not quickly reclaim their uptrend, the sector could face a prolonged wave of capitulation.

In that scenario, distressed miners may be forced to liquidate not only their Bitcoin holdings but their physical infrastructure as well.

In the last seven days, a total of over 46 million SHIB have been burned without causing an impact in burn rate, rather the SHIB burn rate took a decline.

According to Shibburn, a total of 46,597,909 SHIB were burned in the past seven days, with the weekly burn rate dropping 94.35%.

Contributing to the low amount burned weekly is a drop in the amount burned on a 24-hour basis, which stayed slightly above 1 million SHIB. In the last 24 hours, a total of 1,345,602 SHIB were burned, resulting in a drop in daily burn rate by 33.48%.

Despite the low amount of SHIB burned, it still contributed to a reduction in Shiba Inu's total supply, suggesting it is not utterly useless. According to Shibburn data, the Shiba Inu total supply now stands at 

589,246,313,129,194 SHIB, a drop from the initial 1 quadrillion token supply at inception.

The drop in Shiba Inu burns across daily and weekly time frames follows lackluster action in the broader crypto markets, with Shiba Inu falling to lows last seen in October 2023.

The drop also coincided with the appearance of the first ever death cross on Shiba Inu's weekly chart.

Shiba Inu gets December surprise

Major crypto exchange Coinbase has recently announced it would be launching new U.S. perpetual-style futures for Shiba Inu, giving retail traders access to one of the most widely used derivatives products in crypto within a regulated environment. Shiba Inu also stands to benefit from the upcoming launch of 24/7 trading for altcoin monthly futures.

Beginning Dec. 5, 24/7 trading will go live for all altcoin monthly futures from Coinbase Derivatives, while on Dec. 12, U.S. perpetual-style futures for Shiba Inu will go live in the U.S.

In a recent listing, Gemini crypto exchange launched perpetual contracts for Shiba Inu, allowing users to take long or short positions with up to 100x leverage.

Grayscale has said that Chainlink will be at the center of the next major phase of blockchain adoption, referring to the project as the “critical connective tissue” that links crypto to traditional finance.

In a recent research report, the asset manager argued that Chainlink (LINK)’s growing suite of software tools is emerging as essential infrastructure for tokenization, crosschain settlement and the broader shift toward real-world assets on blockchain rails.

“A more accurate description of Chainlink today would be modular middleware that lets on-chain applications safely use off-chain data, interact across blockchains, and meet enterprise-grade compliance needs,” Grayscale wrote.

The company added that this expanding footprint has helped turn LINK into the largest non–layer 1 crypto asset by market cap (excluding stablecoins), giving investors exposure to multiple ecosystems rather than a single chain.

Related: Asset manager Grayscale Investments files for US IPO

Chainlink will orchestrate tokenization boom

According to Grayscale, tokenization is the clearest pathway where Chainlink’s value becomes obvious. Today, nearly all financial assets, from securities to real estate, are still recorded on off-chain ledgers. For these assets to gain the efficiency and programmability of blockchains, they must be tokenized, verified and connected to external data sources.

“We expect Chainlink to play a central role orchestrating the process of tokenization, and it has announced a variety of partnerships, including with S&P Global and FTSE/Russel, that should help it do so,” the asset manager wrote.

The tokenized asset market has grown from $5 billion to more than $35.6 billion since early 2023, according to RWA.xyz.

Bitcoin evangelist Peter McCormack has slammed gold bug Peter Schiff as a "nasty" human in his social media post. 

"The thing that I despise most about Schiff is that he is a nasty human. So many people have worked so hard to save money and invest in their future and the future of their family," McCormack said following Schiff's most recent attack against Bitcoin.

Earlier this week, Bitcoin experienced a dramatic price drop, briefly nose-diving below the $81,000

Schiff's schadenfreude was glaringly obvious during the crash, with the gold bug not even trying to hide his glee on social media. 

The financial commentator is busy reveling in Bitcoin's downfall, predicting that the leading cryptocurrency will manage to log a new record high only if there is a US government bailout. 

In his most recent social media post, which has prompted McCormack's response, Schiff now claims that the political incentive to back Bitcoin will not erode following the most recent price crash. 

"As the price drops, the whales will have less money to donate, and voters will be looking for someone to blame for their losses. Once political support is gone, the bubble will deflate even faster," Schiff said. 

Schiff has also predicted that Bitcoin's future sell-off will be even bigger, given that a significant portion of Bitcoin's supply is moving from strong hands to weak hands.

More backlash 

Schiff is now facing more backlash following his anti-Bitcoin comments. 

"He has cost gold people who listened to him millions of dollars of lost profit. He shows zero shame for this," investment manager Lawrence Lepard said. 

Even though gold has vastly outperformed Bitcoin this year, it is still lagging behind the leading cryptocurrency on higher time frames. 

Victoria, Seychelles, November 23rd, 2025, Chainwire

Bitget, the world’s largest Universal Exchange (UEX), has announced the commencement of the Bitget x GAIB Carnival, a comprehensive promotional event offering a total of 2,090,000 GAIB tokens. The campaign, active until November 27, 2025, introduces three distinct activities designed to enhance user participation through token distribution, asset locking, and yield-boosting opportunities.

CandyBomb: Trading Activity Offering 1,190,000 GAIB

Running from November 20 at 10:00 to November 27 at 10:00 (UTC), the CandyBomb campaign distributes 1,190,000 GAIB across two user categories. A dedicated pool of 490,000 GAIB is allocated to new users, while 700,000 GAIB is made available to all participants. Eligible users may join via the designated CandyBomb page. Trading volumes are calculated after successful registration, with transactions executed under zero-fee conditions excluded from the final tally.

PoolX: BTC Locking for a Share in 900,000 GAIB

The second activity invites users to lock BTC between November 20 and November 25 for a chance to receive airdropped GAIB tokens. The airdrop pool totals 900,000 GAIB, to be distributed proportionally based on each participant’s locked BTC relative to the overall pool. Locking thresholds range from a minimum of 0.1 BTC to a maximum of 20 BTC per user.

PoolX APR Boost: BTC Earn Bonus for Eligible Depositors

Participants in the PoolX GAIB event who maintain a net positive BTC deposit between November 20 at 9:00 and November 23 at 9:00 (UTC) will qualify for a 5% BTC Earn APR voucher. The boost is valid for up to three days and subject to deposit-based tiers. APR vouchers will be issued within two working days after the campaign concludes and must be activated within seven days. Redemption prior to maturity will render the voucher void.

Eligibility across all activities is subject to completion of identity verification. Institutional participants, market makers, and sub-accounts are excluded from participation. Incentives are subject to review, with Bitget reserving the right to disqualify any participant involved in fraudulent or non-compliant behavior. Final interpretation of the campaign terms remains at the sole discretion of Bitget.

The GAIB Carnival initiative reflects continued efforts to drive engagement within the digital asset ecosystem by combining product features with competitive incentives, promoting broader interaction with Bitget’s trading and yield-generating platforms.

Users can learn more on Bitget’s website.

About Bitget

Established in 2018, Bitget is the world's largest Universal Exchange (UEX), serving over 120 million users with access to millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets, while offering real-time access to Bitcoin price, Ethereum price, XRP price and other cryptocurrency prices, all on a single platform. The ecosystem is committed to helping users trade smarter with its AI-powered trading tools, interoperability across tokens on Bitcoin, Ethereum, Solana, and BNB Chain, and wider access to real-world assets. On the decentralized side, Bitget Wallet runs as the leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built-in the platform. 

Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP, one of the world’s most thrilling championships.

For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, users can contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, users can refer to the Terms of Use.

Contact

Simran Alphonso

media@bitget.com