Total levered short liquidations exceeded $260 million over the past four hours, according to CoinGlass data.
Vanguard lifted its ban on crypto ETFs, and Bank of America is giving 15,000+ advisers the green light to recommend allocations of 1%–4%.
Crypto VCs explain what’s behind the crypto correction, whether a bottom is forming, and what they expect next.
TD Cowen analysts still expect Strategy (MSTR) to outperform if bitcoin recovers and maintain their $535 price target.
"Amid ongoing market uncertainty, demand for deeply liquid, regulated crypto risk management tools is accelerating," CME Group said.
Analysts say Fed easing and renewed liquidity in 2026 could be key to reversing the crypto market downturn.
Retail investors have sold about $4 billion of spot BTC and ETH ETFs in November — the main driver of the latest crypto market correction.
Bitcoin briefly revisted $93,000 after ETF inflows but analysts warn that onchain metrics signal uncertainty around price action.
Bitcoin’s recent correction appears to have run its course, according to Standard Chartered’s Geoffrey Kendrick.
Galaxy Digital says bitcoin’s “maturity era” has slowed upside momentum as whales offload and ETFs absorb supply.
CryptoQuant says bitcoin could fall to around $72,000 within one to two months if it fails to hold the $100,000 support level.
The price move came hours after President Donald Trump said he expected to get a trade deal done with China soon.
President Trump's latest tariff threats against China caused the crypto market to plummet 10% heading into the weekend.
Some $9.55 billion worth of open interest has been erased over the past 24 hours, according to CoinGlass data.
The crypto market capitalization shed at least $125 billion when Trump first threatened countermeasures earlier on Friday.
Financial markets sold off on Friday after U.S. President Donald Trump threatened a "massive" tariff hike on China.
Over 100,000 onchain traders piled into BNB memecoins during the peak, with some wallets pocketing multi-million-dollar gains.
Shares of bitcoin mining stocks like Hive, Bitfarms, and Riot Platforms closed the day with gains in the double-digits.
The leading cryptocurrency's previous all-time high was set on Aug. 14 around $124,533, according to Coinbase.
The price of bitcoin and ethereum are rising alongside stocks, which have historically gained during similar shutdowns.
CryptoQuant says bitcoin has started Q4 under conditions that appear favorable for a price rally to $160,000–$200,000.
'Good sign for the onslaught of 33 Act ETFs coming soon,' Bloomberg Senior ETF Analyst Eric Balchunas said.
Bitcoin nudged toward $114,000 after August CPI matched forecasts, pushing markets to price a 25 bps Fed cut in September.
Ether’s monthly spot volume on CEXs overtook bitcoin’s for the first time in years amid institutional demand, The Block’s data shows.
The market appears influenced by billions of dollars rotating from BTC to ETH with Bitcoin down 8% and Ethereum up 14% in the past month.
The price of ETH, Ethereum's native token, set its previous all-time high of around $4,878 in November 2021.
Markets across the board traded sharply higher on Friday following Jerome Powell's dovish speech at Jackson Hole.
Analysts and industry leaders see further upside, with Standard Chartered raising its year-end target to $7,500.
The second-largest cryptocurrency is up approximately 40% since the start of the year, trading hands above $4,500.
Open interest in CME ETH futures also experienced a 75% increase, from $2.97 billion in June to a record $5.21 billion in July.