Dogecoin jumped about 9% as buyers pushed prices through a recent downtrend, with similar gains seen in other meme coins like Pepe. The move highlights renewed speculative enthusiasm even as the broader crypto market remains choppy and mixed.
Michael Burry reiterated that Bitcoin's rally toward six-figure prices is a speculative bubble disconnected from measurable fundamentals, reviving debate over crypto valuation.
Fidelity macro director Jurien Timmer called the sell-off in speculative assets — including Bitcoin — "probably a good thing," framing the crash as a corrective event. His comment highlights a view that painful declines could remove excesses from markets even as they pressure prices.
Bitcoin dipped toward $95,000 on Nov. 14 after an internal strategy transfer at a crypto firm prompted online speculation of a possible $1 billion sell-off. Market participants flagged the move as a potential source of near-term selling pressure.