Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/">BTC</a>) is currently encountering a phase of high volatility, with the maiden <a href="https://finbold.com/cryptocurrencies/">cryptocurrency</a> <a href="https://finbold.com/bitcoin-loses-support-at-15800-what-is-the-potential-level-for-longs/" target="_blank">testing levels below $16,000</a>. The asset’s latest price movement has extended a <a href="https://finbold.com/guide/bear-market-definition/">bearish</a> stretch, with investors still looking for a possible bottom hoping Bitcoin can replicate historical trends ahead of the Thanksgiving holiday.&nbsp;

The past few days in the Bitcoin and crypto market have had a forceful impact from the bears. The prices of most of the crypto assets have been tolling to the south beyond expectation. In addition, the entire market is experiencing a decline due to the collapse of the FTX exchange.

Iris Energy – an Australian crypto mining company whose main purview is the operation of BTC mining sites in Canada running on renewable energy exclusively – has recently ceased mining in two subsidiaries.

The mainstream adoption of cryptocurrencies has brought immense potential to the fintech industry, and some of the capabilities have spilled over into the real estate market. Subsequently, the real estate sector is evolving to accommodate a new crop of investors who prefer making payments using crypto.

Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) headed higher into the Nov. 22 Wall Street open after setting another two-year low.

Core Scientific (CORZ), the world's largest publicly listed miner by computing power, ended October with $32.2 million in cash and 62 BTC ($975,000) and said it may run out of money before the end of the year.

Coinbase has partnered with WooCommerce, enabling merchants to accept payments in BTC, DOGE, and other cryptos.

As per recent reports, crypto giant <a href="https://coingape.com/glossary/binance/">Binance</a> has now become the largest Bitcoin reserve holder for the first time ever. An “<a rel="nofollow" href="https://studio.glassnode.com/dashboards/btc-exchanges">exchange reserve</a>” is an indicator that indicates the total quantity of Bitcoin that is currently stored in the wallets of a centralized exchange.

Bitcoin recovered above $16,000 in the early hours of Monday after hitting $15,600 on Sunday. With the continued trend above $16,000, it is starting to look like the digital asset is finally on a path to recovery but this is not the case. The recovery only shows a temporary stoppage in what is a continuous bleed as momentum continues to drop across the space.

Despite weathering the cascade of misadventures linked to the collapse of FTX last week, Bitcoin plunged over the weekend by over 4% to tap $15,890. This weakness was reflected in Ethereum dropping roughly 6% to $1,113, with other major cryptos diving deeply into the red.