Traditional media sharply critiques Bitcoin's big dump: the encryption industry is rapidly declining, which may trigger a broader economic recession.

The Economist points out that Crypto Assets have transformed from being “objects of ridicule” to a class of assets that is “widely accepted and even encouraged”. However, the big dump in Bitcoin prices indicates that the industry is rapidly declining. “The lack of new bullish sentiment to support further rises in the price of a speculative asset — an asset that generates no income and relies entirely on future capital gain expectations — is undoubtedly a challenge.” The article also notes that the increasingly close ties between Crypto Assets and the TradFi sector could trigger a broader economic recession — if stablecoins face dumping, it could shake the bond market or lead to a plunge in tech stocks.

In addition, Bloomberg published an article re-examining the financial situation of Donald Trump, his family, and associates, noting that since the beginning of Trump's second term in January this year, their wealth has significantly increased due to Crypto Assets and digital assets. The losses on the books of World Liberty Financial alone have exceeded $3 billion — but the president's son Eric remains defiant, stating, “This is a fantastic buying opportunity. Those who buy the dip and embrace volatility will ultimately be the winners. I have never been more optimistic about the future of encryption and the modernization of the financial system.”

The Economist believes that some people in Trump's inner circle may see strategic Bitcoin reserves—this policy has not yet been fully implemented—as an opportunity to turn the situation around. The report suggests that the bill proposed by Cynthia Lummis—which calls for the U.S. to purchase 1 million Bitcoins within five years—may receive more consideration. Of course, if a major economy were to buy up this digital asset in large quantities, it would be unprecedented and undoubtedly positive news. The media added, “The likelihood of government intervention seems low. But the possibility of surprises cannot be ruled out, whether in the realm of Crypto Assets or politics.”

On the other hand, USA Today described November as “a terrible month” and quoted an expert saying there are signs that the dumping wave has just begun. The report also added that the big dump in Bitcoin prices means that this digital asset is heading towards its first annual loss since 2022.

The Wall Street Journal points out that against the backdrop of a Bitcoin-supporting president, growing institutional demand, and a changing regulatory environment, 2025 was originally considered the golden year for Crypto Assets. However, the article argues that the emergence of ETFs has ultimately reduced Bitcoin's volatility - “The overly high expectations for the golden age have been shattered”: “Crypto Assets are still struggling to shed their reputation as Wall Street's crazy, vulgar little brother; its volatility makes it hard to trust, yet it is too eye-catching to look away from.”

At the same time, the British Guardian published a scathing editorial, pointing out that cryptocurrencies “neither generate income, nor possess production capacity, nor pay dividends,” and stated that the rise of digital assets reflects a “one-time society” in which “millions are seizing any opportunity, no matter how illusory, to try to escape” an economic system dominated by high housing prices and stagnant wages.

The editorial further links the success of the Crypto Assets industry to the Trump administration, asserting that cryptocurrency “is nothing more than the latest means for the strong to profit from the weak.” “In many ways, it is the clearest symbol of an economic system on the verge of collapse: a free commitment built on an asset class, the status of which depends on decisions made in Washington.” (Cryptonews)