  The latest moves in crypto markets, in context Edited by Omkar Godbole November 16, 2021 Sponsored by  (Price data as of November 16 @ 12:50 UTC) If you were forwarded this newsletter and would like to receive it, sign up here.
Good morning, and welcome to First Mover. Here's what's happening this morning:
And check out the CoinDesk TV show "First Mover," hosted by Christine Lee, Emily Parker and Lawrence Lewitinn at 9:00 a.m. U.S. Eastern time.
– Omkar
Biggest Movers These are the biggest movers in the CoinDesk 20 over the past 24 hours:
Top Gainers:
Top Losers: The CoinDesk 20 are 20 digital assets filtered from the larger universe of thousands of cryptocurrencies and constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges.
A Message from Bybit  Bybit is one of the fastest growing cryptocurrency exchanges, with more than 2 million registered users.
You can buy and sell crypto instantly, or trade popular coins across different contract types as you'd like.
Market Moves by Omkar Godbole Major cryptocurrencies ran into sell orders early Tuesday after Wall Street Journal quoted Twitter's CFO Ned Segal saying that investing cash holdings into crypto assets like bitcoin "doesn't make sense" right now.
While there was never any expectation of Twitter announcing crypto investments, Segal's comments likely provided a reason for traders to take some risk off the table in the wake of the rising dollar and controversial crypto tax reporting requirement introduced by the $1 trillion bipartisan infrastructure bill signed by the U.S. President Joe Biden on Monday.
Bitcoin fell to its 50-day moving average (MA) support under $60,000 and ether dived out fo a narrowing price range, hitting lows near $4,100 for the first time in two weeks.
The meme cryptocurrency shiba inu (SHIB) also suffered losses as macro weakness overshadowed AMC Theatres' decision to accept the self-proclaimed dogecoin killer as a payments alternative.
The U.S. retail sales scheduled for release at 13:30 GMT are likely to show consumer spending in the world's largest economy rose 0.7% month-on-month in October.
Atlanta Fed President Raphael Bostic, Richmond Fed President Thomas Barkin, Philadelphia Fed President Patrick Harker, and San Francisco President Mary Daly are scheduled to speak during U.S. hours. Blockchain Data Leans Bullish  Bitcoin's price and the 90-day moving average of net exchange inflows (Source: Glassnode) Bitcoin is down but not out. The 90-day moving average of the daily net exchange flows remains entrenched in the negative territory. In plain English, the broader trend of coins leaving exchanges remains intact, indicating persistent holding sentiment. Read the full story here: Bitcoin, Ether Lose Ground as Twitter CFO Rules Out Crypto Investment, Dollar Index Hits 16-Month High
Technician's Take by Omkar Godbole  Bitcoin Eyes Support at $57,600  Bitcoin's daily chart with the MACD histogram (Source: TradingView) Bitcoin looks south after several failed breakouts above the April high of $64,899. The MACD histogram shows the downward momentum is gathering strength. Read the full story here: Bitcoin Below $60K in a 'Funding Reset' Move, Tests Key Support: Experts
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YuzuSwap, the first DEX built on Oasis will launch soon with major benefits. Stay tuned to learn more here
BOLO Be on the lookout for the following events today:
ICYMI In case you missed it, here are the most recent episodes of "First Mover" on CoinDesk TV:
"First Mover" hosts get an insider analysis from CoinDesk Managing Editor for Technology Christie Harkin as Bitcoin's taproot upgrade is now officially activated. Could this upgrade improve the blockchain's privacy, scalability, and security? Bitcoin's move suggests more upside. Gritt Trakulhoon, an analyst for Titan, gives his market analysis. Plus, Hong Kong-based prominent NFT investor Animoca Brands joins forces with a K-pop agency to launch NFTs featuring artists. Animoca Brands CEO Robby Yung shares more details.
A Message from CoinDesk  Consensus 2022, the must-attend crypto and blockchain experience of the year, is heading to Austin, Texas, from June 9-12, 2022. This is the only festival showcasing and celebrating all sides of the blockchain and crypto ecosystems, and their wide-reaching effect on commerce, culture and communities. Register now for the lowest price.
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Disclaimer: The information presented in this message is intended as a news item that provides a brief summary of various events and developments that affect, or that might in the future affect, the value of one or more of the cryptocurrencies described above. The information contained in this message, and any information liked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments.
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