Crypto Today: Bitcoin Slips, ETF Outflows Grow & AI Takes Over Mining Sites

Crypto Today: Bitcoin Slips, ETF Outflows Grow & AI Takes Over Mining Sites

1. Bitcoin Near 7-Month Low Amid Heavy ETF Outflows

BTC dipped to ~$89,300 before rebounding to the mid-$92K range.
Crypto ETFs have seen $2.59B in outflows this month — with BlackRock and Fidelity leading the wave. This marks one of the heaviest pullbacks in institutional appetite since early 2024.
📎 Source: Investors.com
https://www.investors.com/news/bitcoin-price-low-crypto-stocks-spot-bitcoin-etf-outflows-ibit-michael-saylor-strategy/?utm_source=chatgpt.com

2. Coinbase Flags a “Mini Crypto Winter”

Coinbase COO Emilie Choi warned that trading activity and retail volume are cooling, calling it a possible “mini winter.”
She also noted companies are “showing their power with their feet,” referencing Coinbase’s relocation of corporate registration from Delaware → Texas in search of friendlier regulation.
📎 Source: Axios
https://www.axios.com/2025/11/18/emilie-choi-coinbase-delaware-crypto-winter?utm_source=chatgpt.com

3. AI Boom Converts Mining Sites Into Data Centers

AI data-center demand is surging — and crypto-mining firms are cashing in.
Companies like IREN have signed multi-billion-dollar contracts to repurpose mining sites in Texas for AI compute.
This marks one of the biggest structural pivots in crypto’s industrial ecosystem.
📎 Source: Wall Street Journal
https://www.wsj.com/business/energy-oil/ai-data-centers-are-banging-on-cryptos-door-c1d300eb?utm_source=chatgpt.com

Takeaway

Today’s market paints a split picture: Bitcoin’s weakness and ETF outflows point toward caution, Coinbase sees a cooling cycle, yet mining infrastructure pivoting to AI shows the sector evolving — not shrinking. Whether this becomes a full winter or a short cooldown depends on how fast flows return and how deep the AI-crypto convergence goes.

Sources

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