– Bitcoin falls to $92,900 amid selling pressure from long-term holders – US White House reviews plan for IRS to tax foreign crypto accounts – Michael Saylor buys 8,178 BTC worth $835.6 million amid market downturn – Maxi Doge presale raises over $4 million, approaches funding target

Bitcoin fell to $92,900 on Nov. 17, 2025, due to selling pressure from long-term holders and political uncertainty over a US congressional vote. This drop brought BTC 35% below its recent all-time high of $126,000.

The White House is reviewing a Treasury Department proposal for the IRS to gain insight into Americans' foreign crypto holdings, aligning with the Crypto-Asset Reporting Framework (CARF). CARF aims to prevent offshore tax evasion and has been adopted by major economies. The timing coincides with market instability and political concerns.

Market Movements

On-chain data shows rapid sell-offs among long-dormant Bitcoin holders, with 4,668 BTC reintroduced to the market, impacting recovery chances.
Michael Saylor continued his Bitcoin acquisition strategy, purchasing 8,178 BTC valued at $835.6 million, increasing his company's holdings to 649,870 BTC.
Saylor's firm reports a 27.8% BTC yield year-to-date, suggesting institutional buying opportunities during price declines.

Maxi Doge Presale

Maxi Doge, a meme-based trading ecosystem, raised over $4.1 million in its presale, close to its $4.3 million target.
The project offers up to 1000x leverage without stop-loss restrictions; MAXI tokens are priced at $0.00027.