XRP price failed to stay above $2.350 and trimmed gains. The price is now consolidating and might struggle to stay above $2.150 in the near term. XRP price failed to continue higher above $2.420 and corrected lower. The price is now trading below $2.30 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2.360 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it dips below $2.150. XRP Price Dips Again XRP price started a recovery wave above $2.25 and $2.30, like Bitcoin and Ethereum. The price even attempted a move above $2.40 but failed to clear $2.42. A high was formed at $2.414 and the price started a fresh decline. There was a drop below $2.33 and $2.32 levels. The price traded below the 50% Fib retracement level of the upward move from the $2.066 swing low to the $2.414 high. Besides, there was a break below a bullish trend line with support at $2.360 on the hourly chart of the XRP/USD pair. The price is now trading below $2.30 and the 100-hourly Simple Moving Average. The bulls are now active near $2.20 and the 61.8% Fib retracement level of the upward move from the $2.066 swing low to the $2.414 high. If there is a fresh upward move, the price might face resistance near the $2.30 level. The first major resistance is near the $2.350 level, above which the price could rise and test $2.420. A clear move above the $2.420 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance. The next major hurdle for the bulls might be near $2.650. Another Decline? If XRP fails to clear the $2.30 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.20 level. The next major support is near the $2.150 level. If there is a downside break and a close below the $2.150 level, the price might continue to decline toward $2.050. The next major support sits near the $2.00 zone, below which the price could continue lower toward $1.840. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.20 and $2.150. Major Resistance Levels – $2.30 and $2.420.
Japan's FSA announced its support for a stablecoin pilot project involving the country's three major banks — Mizuho Bank, MUFG, and SMBC.
Japan's FSA backing megabanks' stablecoin project could enhance global transaction efficiency and boost digital currency adoption.
The post FSA supports three megabanks in issuing joint stablecoin project appeared first on Crypto Briefing.
Santiment says online Ether chatter turned bullish, but the Crypto Fear & Greed Index tracking wider market sentiment remains at “Extreme Fear.”
In a bold escalation of the crypto-policy debate, Senator Cynthia Lummis has publicly asserted that Bitcoin is the only solution capable of addressing the mounting national debt burden facing the United States. Her comments come amid rising tensions over monetary policy, inflation, and the role of digital assets in reshaping finance. How Bitcoin Could Reshape Treasury Markets Senator Cynthia Lummis has once again made headlines with her support for Bitcoin, stating in a recent Bloomberg interview that BTC is the only solution to America’s mounting national debt. According to a crypto news source, CryptosRus, posted on X, that Lummis expressed her pro-Bitcoin stance, mentioning that BTC is an asset that will continue to grow over time and is the key to offsetting the burgeoning national debt. Related Reading: Bitcoin In The Crosshairs: US Treasury Secretary Reveals What Senate Democrats Could Learn From BTC Lummis highlighted the concept of a strategic BTC reserve, asserting that it represents the sole viable strategy to offset the national debt. However, CryptosRus noted that her consistent advocacy makes her one of Washington’s most ardent supporters of BTC, pushing for its integration to play the core role of US fiscal strategy. Several companies are actively preparing for this move. An emerging euro-denominated Bitcoin treasury backed by Tyler and Cameron Winklevoss, Treasury_BTC, has announced the appointment of Tycho Onnasch as its new head of BTC strategy. Onnasch is widely recognized within the BTC community for his foundational work on BTC scaling solutions, insightful market analysis, and deep conviction in BTC. Onnasch’s impressive background includes founding Zest Protocol, a leading BTC yield and landing platform, which is supported by BTC heavyweights Tim Draper and Binance Founder Changpeng Zhao. Academically, Tycho holds a degree from Oxford University, with a specialization in economic history. His achievements were further acknowledged with his inclusion in Forbes’ prestigious 30 under 30 Europe list. Onnasch’s role will be instrumental in driving the company’s BTC strategy and influencing its approach to market interpretation. A Healthier Foundation For Bitcoin Next Leg Higher CryptosRus has also reported that BTC has recently experienced its most significant open interest meltdown of its current cycle since the liquidation event that occurred on October 10. The data reveals substantial drops across major platforms, with Binance’s open interest decreasing by $4 billion, Bybit by over $3 billion, and Gate by more than $2 billion. Due to this liquidation event, traders have not rushed back in with leverage. Related Reading: Bitcoin Recovery Lacks Conviction, Market Signals Another Pullback Risk Typically, leverage rebuilds quickly after a wipeout, but the slow recovery from this current scenario suggests that the market confidence is shaken. This sentiment explains the current slow and choppy price action, as the market operates with reduced leverage and fewer aggressive positions. CryptosRus pointed out that when leverage undergoes such a significant reset, the market often leads to an increase in stability. It lowers the risk of another sudden cascade of liquidations and establishes a healthier foundation for the next price movements. The expert concluded that this is a BTC reset, not a breakdown. Featured image from Pixabay, chart from Tradingview.com
The potential launch of a spot Dogecoin ETF could further legitimize crypto assets, influencing market dynamics and investor interest.
The post Bitwise plans spot Dogecoin ETF launch in 20 days appeared first on Crypto Briefing.
Block Inc.’s third-quarter earnings missed analyst expectations on the top and bottom lines despite strong profit growth in its Cash App and Square businesses.
Ethereum price started a fresh decline from $3,480. ETH is struggling to recover and is now at risk of another decline below $3,250. Ethereum started another bearish wave after it settled below $3,450. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a new bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $3,250. Ethereum Price Dips Again Ethereum price failed to stay in a positive zone and started a fresh decline from $3,480, like Bitcoin. ETH price declined below $3,420 and $3,400. It seems like the bears defended the 50% Fib retracement level of the downward move from the $3,920 swing high to the $3,058 low. There is also a new bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD. Ethereum price is now trading below $3,350 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,350 level. The next key resistance is near the $3,380 level and the trend line. The first major resistance is near the $3,480 level. A clear move above the $3,480 resistance might send the price toward the $3,580 resistance and the 61.8% Fib retracement level of the downward move from the $3,920 swing high to the $3,058 low. An upside break above the $3,580 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,675 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,380 resistance, it could start a fresh decline. Initial support on the downside is near the $3,250 level. The first major support sits near the $3,220 zone. A clear move below the $3,220 support might push the price toward the $3,150 support. Any more losses might send the price toward the $3,050 region in the near term. The next key support sits at $3,020 and $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,250 Major Resistance Level – $3,380
Ripple’s Swell 2025 conference in New York has quickly become one of the most talked-about events in the crypto and finance world. Among the highlights was a statement from Maxwell Stein, a member of BlackRock’s digital assets team, that sent the audience into applause and resonated with enthusiasts on social media. He revealed that the global financial market is now ready for large-scale blockchain adoption, and the infrastructure being built by companies like Ripple could soon facilitate the movement of trillions of dollars on-chain. BlackRock’s Maxwell Stein Says The Crypto Market Is Ready During his session, Stein highlighted the transformation underway in global finance, noting that traditional securities are still held in legacy systems but that this separation between traditional and tokenized assets is gradually disappearing. Related Reading: Ripple Just Launched A Game-Changing Service In The US Leveraging XRP And RLUSD He explained that in the short term, proving utility is the most important thing to gaining broader adoption and that there are currently two types of users driving this shift: those already in the crypto space and a second wave of early institutional adopters. Stein emphasized the need for continued market momentum to demonstrate the practical usefulness of blockchain solutions and attract larger financial players. “We need that market momentum in order to prove the utility, to actually get the larger players to eventually come in,” he said. As noted by an XRP advocate with the name Diana on the social media platform X, Stein credited Ripple and other early builders for proving that blockchain works. Not as a concept, but as real financial infrastructure. The idea that trillions in capital could eventually move through blockchain rails represents a fundamental change in how the world’s financial systems might operate. The idea sounded like a myth back when the crypto industry was first created. What once seemed like a distant fantasy in crypto’s early days has begun to take shape as reality, and big names like traditional finance are now moving into the crypto industry every day. Nasdaq’s CEO Says Regulation Is Important Nasdaq CEO Adena Friedman also shared her perspective at the event, focusing on the need for regulatory clarity to encourage broader institutional participation in the digital asset space. She explained that major institutions want to engage but require clearly defined rules that prioritize investor protection and establish stable frameworks. Related Reading: Pundit Elaborates On Ripple/SWIFT Theory That Will Send The XRP Price To $1,000 According to her, once such clarity is achieved, these institutions can confidently enter the market knowing that they are operating under secure and transparent guidelines. Friedman added that significant progress is already happening within traditional finance, as many banks are experimenting with tokenized bonds, fixed income instruments, and the creation of stablecoins. This growing involvement is evidence that institutions are not waiting for innovation to reach them. They are actively finding ways to participate in the digital asset ecosystem while awaiting the full regulatory go-ahead. “But I think to get them really engaged in the market, there has to be regulatory clarity,” Friedman said. Featured image from Peakpx, chart from Tradingview.com
Bitcoin price is struggling below $104,200. BTC could continue to move down if it stays below the $103,500 resistance. Bitcoin started a fresh decline below the $103,500 support. The price is trading below $103,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $102,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it fails to surpass the $103,500 zone. Bitcoin Price Dips Again Bitcoin price failed to stay above the $104,000 support level and started a fresh decline. BTC dipped below $103,500 and $102,400 to enter a bearish zone. The decline was such that the price even spiked below the $101,200 support. A low was formed at $100,266 and the price is now consolidating losses. There was a move above the 23.6% Fib retracement level of the recent decline from the $104,498 swing high to the $100,266 low. Bitcoin is now trading below $103,000 and the 100 hourly Simple moving average. If the bulls attempt another recovery wave, the price could face resistance near the $102,000 level. The first key resistance is near the $102,250 level. Besides, there is a key bearish trend line forming with resistance at $102,400 on the hourly chart of the BTC/USD pair. The next resistance could be $103,500 and the 76.4% Fib retracement level of the recent decline from the $104,498 swing high to the $100,266 low. A close above the $103,500 resistance might send the price further higher. In the stated case, the price could rise and test the $104,200 resistance. Any more gains might send the price toward the $105,500 level. The next barrier for the bulls could be $106,200 and $106,500. More Losses In BTC? If Bitcoin fails to rise above the $102,400 resistance zone, it could continue to move down. Immediate support is near the $100,500 level. The first major support is near the $100,000 level. The next support is now near the $98,800 zone. Any more losses might send the price toward the $96,500 support in the near term. The main support sits at $95,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $100,500, followed by $100,000. Major Resistance Levels – $102,400 and $103,500.
Bloomberg ETF analyst Eric Balchunas said it was “shocking” to see Schwab’s findings that crypto ETF investments could be on par with those in bond ETFs.
Vice Foreign Minister Kim Ji-na says South Korea could adjust its sanctions posture if needed, citing threats from North Korean crypto theft.
On-chain metrics shows BTC entering an “extremely bearish” phase, with potential downside to $91K or even $72K if key support fails, though Glassnode sees it as a mid-cycle correction rather than full capitulation.
According to on-chain data, the XRP Ledger recorded a sharp influx of new addresses over a two-day span this week. Santiment reported 21,595 new wallets created in 48 hours — the biggest jump in eight months. The move came as XRP dropped to $2.06 before rallying back to about $2.33, a roughly 13% gain from that low. Related Reading: ‘Good News’ Finally Arrives For SHIB Army As Team Unveils New Update Surge In Wallets Draws Attention Based on reports, the spike in wallet creation has captured market attention because it breaks a recent pattern of heavy selling. Data showed long-term holders were offloading about 260 million XRP per day during last month’s sell-off. Now, fresh wallets are appearing while prices recover. That combination suggests different groups of traders may be acting at the same time — some cutting losses, others buying the dip. Community figures point out that total wallets now stand at 7.226 million and are moving toward 7.5 million, according to an XRP Rich List resource. ???? XRP’s price has bounced back, and users who bought the dip have enjoyed a nice +12% jump in the past 24 hours. Notably, XRP Ledger data indicates there were 21,595 new $XRP wallets created in a 48-hour span in the past couple days, the highest level of growth in 8 months. pic.twitter.com/vkGLwLJjrk — Santiment (@santimentfeed) November 5, 2025 A similar but milder burst of network growth was followed by a climb to a yearly high of $3.66. That historical link is being watched. Still, new wallet creation is a signal rather than proof of sustained buying. Some of the incoming addresses can belong to exchanges, custodians, or automated services. So the makeup of new wallets matters as much as the number. ETF Timetable Could Add Fuel Reports have disclosed that an XRP spot ETF might get a US launch date of November 13. ETF talk has a history of drawing institutional interest into crypto markets, and rumors alone can move prices. In this case, analysts in the XRP community are tying the wallet growth to expectations surrounding the ETF. One community analyst, Egrag Crypto, has outlined bullish targets, calling one level “Macro Wick 1” at $10 and another, much higher, “Macro Wick 2” at $50. Those are his technical scenarios, offered as possibilities rather than certainties. Market Volatility Still Present The wider crypto market showed how fast things can swing between November 3 and 4, when the total market cap fell by nearly $350 billion and XRP slid about 13.16% to around $2.20. That pullback is fresh in traders’ minds. Short-term gains can be steep. For example, a $10,000 buy placed two days ago would already have gained about $1,300 after the rebound. Yet big moves work both ways in turbulent markets. Related Reading: Bitcoin’s Grip Holds — But Signs Of Weakness Are Piling Up: Analyst For now, the picture is mixed. New wallets and a 13% bounce are encouraging signs of renewed interest. Historical precedents and analyst forecasts add to bullish narratives. But wallet growth alone does not guarantee sustained price rises. Investors should watch where the new wallets are concentrated, monitor daily sell volumes, and pay attention to confirmed news about an ETF. Featured image from Unsplash, chart from TradingView
Bloomberg analyst Mike McGlone says Bitcoin hitting $100,000 is “a speed bump” to $56,000, but other analysts say Bitcoin has bottomed out.
The head of Australia’s market regulator, Joe Longo, is looking to embrace tokenization in Australia’s capital markets, fearing the country will fall behind if it doesn’t act.
Colossal Bioscience has cloned former NFL star Tom Brady's dog, drawing the ire from some who are calling for a moratorium on pet cloning.
The cryptocurrency market is currently facing significant bearish pressure, with Bitcoin (BTC) struggling to reclaim previously crucial support levels. Recent data from CoinGecko indicates that Bitcoin has retraced nearly 6% over the past week, a decline that has impacted other major cryptocurrencies, including Ethereum (ETH), XRP, Binance Coin (BNB), and Solana (SOL), all of which have experienced double-digit losses during the same period. Galaxy Digital Lowers Bitcoin Price Target This downturn marks a stark contrast to the bullish sentiment observed earlier in October, when Bitcoin surged to record its current record high slightly above the $126,000 mark due to a wave of margin buying. However, the euphoria was short-lived, as approximately $20 billion in leveraged positions across the crypto market were abruptly liquidated just days later on October 10, contributing to the ongoing lack of confidence among investors. Michael Novogratz’s Galaxy Digital recently revised its year-end Bitcoin price target down to $120,000, a significant cut from the previous estimate of $185,000, attributing this adjustment to the “significant leverage wipeout.” Related Reading: Weakness In Major Cryptos: What Key Technical Metrics Indicate For Bitcoin, Ethereum, And Solana Market analytics firm CryptoQuant has pointed out that Bitcoin’s drop below its 365-day moving average near $102,000 could signal a deeper retreat. This moving average has historically acted as a critical support level during this bull cycle, and its failure to hold could lead to a more substantial correction in Bitcoin’s price. In their analysis, CryptoQuant experts elaborated on the conditions necessary for Bitcoin to reverse its current trajectory and potentially reach new all-time highs. They observed that Bitcoin led a global risk-off movement, testing the critical $100,000 support level. This decline was influenced by a stronger dollar and ongoing uncertainties regarding Federal Reserve (Fed) policy, which have dampened broader risk appetites across various asset classes. Notably, there have been four consecutive sessions of approximately $1.3 billion in net outflows from US spot BTC ETFs, reversing what had been one of the strongest tailwinds for the market in 2025. This diminished demand in the spot market has coincided with forced deleveraging, resulting in over $1 billion in long liquidations at recent lows, which briefly breached intraday support before dip buyers stepped in. Stabilization Of ETF Flows Crucial The options market has further intensified volatility, as dealers remain net short gamma around the $100,000 strike, leading to increased hedging activity near this critical level. The $100,000 mark now stands as a psychological barrier, and any stabilization in ETF flows could shift market sentiment, provided no new macroeconomic shocks occur. On the macroeconomic front, the analysts assert that the current environment remains supportive, albeit clouded by the ongoing government shutdown in Washington. However, policy clarity remains elusive. Related Reading: Ethereum Price Needs To Reclaim This Key Level To Prevent Drop To $1,700 The Federal Reserve’s recent 25 basis point cut in October, which included some dissenting opinions, was accompanied by a cautious tone that pushed back against expectations for another cut in December. Markets are currently pricing in a 60-65% chance of a follow-up move, but as the Fed’s blackout period continues, policymakers may become more comfortable with the idea of pausing, which would help maintain a firm dollar and tight credit conditions. For Bitcoin to break higher sustainably, CryptoQuant’s analysis suggests that a reversal in exchange-traded fund outflows and renewed confidence in risk assets will likely be necessary. Featured image from DALL-E, chart from TradingView.com
Block’s bitcoin revenue accounted for about $1.97 billion of its total revenue, down from $2.4 billion during the same quarter last year.
Microsoft built a simulated economy with hundreds of AI agents acting as buyers and sellers, then watched them fail at basic tasks.
A day after another billion-dollar liquidation cascade, veteran crypto analyst Trader Mayne says his core thesis is unchanged: the bull cycle’s top is “not in,” and the market is in the process of printing a weekly cycle low that could set up one more leg higher into year-end. “I’ve been banging on the drum about the high not being in,” he said in a November 5 video, adding that he remains “a BTC maxi from the spot perspective,” despite tactical longs and shorts that have been hit-and-miss during the recent volatility. Is The Bitcoin Bottom In? Mayne framed the selloff—coming less than a month after an almost $20 billion wipeout on October 10—as a feature, not a bug, of late-cycle price discovery. He argued that speculative leverage rapidly re-accumulated in altcoins and that majors still offer sufficient volatility with clearer structure. “People were right back on with the leverage… You really can’t teach an old dog new tricks,” he said, while emphasizing he now “primarily focus[es] on the majors” and holds a core spot stack he hasn’t sold. His near-term timing anchor is cycle theory. Drawing on the four-year template popularized by Bob Loukas, Mayne said he expects the broader crypto top to land between late 2025 and early 2026, but he stressed the immediate setup is about nailing a weekly low within a narrow window that “extends until about mid next week, November 10.” Related Reading: Analyst Predicts Bitcoin Price Crash To $87,000 If This Happens He wants to see “time and space away from this low” and a reclaim of the monthly open around $110,000–$112,000 to confirm that the decline has been exhausted. If that structure forms, he intends to treat $98,000 as the operative bull-market invalidation on a weekly-closing basis: “That will confirm to me that this is our bull market invalidation… at least in the worst case you have a cut point at like $100k Bitcoin.” Mayne supplemented the timing view with a cross-asset read that he says has been reliable in prior impulses: gold tends to rally first, with Bitcoin following “about 60 to 90 days later.” He cited chart work showing gold’s advance now roughly 80–90 days old, which, if the relationship holds, would “line up very well with Bitcoin being ready to make its next move.” He also expects the BTC-versus-gold cross to bounce, implying outperformance of Bitcoin over the precious metal through year-end: “I’m pretty confident this chart is due for a big bounce and we’re going to see gold underperform Bitcoin for the remainder of the year.” A more subjective—but, in his telling, telling—input is the absence of a true “blow-off” in Bitcoin versus the vertical arcs seen in AI-heavy equities and gold. With megacaps like Nvidia running hard since the spring and gold printing a sharp leg higher, he argued that “it just doesn’t sit right… that Bitcoin hasn’t had [its blow-off],” suggesting latent upside energy remains to be released if the weekly low locks in. On market microstructure and seasonality, Mayne pointed to early-month dynamics. In many green months, he said, the low forms in the first third of the month, analogous to how Monday’s range often frames the week for intraday traders. If November is destined to close higher, an early-month low coupled with a monthly-open reclaim would be consistent with his cycle read. “If we’re bullish for November… I want to be a bull above the monthly open,” he said. The scenario analysis was not one-sided. Mayne repeatedly acknowledged bear signals that have emerged on higher timeframes, including a weekly structure break, prior sweeps on the weekly and monthly, and building momentum divergences. Related Reading: Galaxy Digital Slashes Bitcoin EOY Price Target To $120,000 He warned of the possibility that the recent range resolves as distribution—“maybe the banks literally came in… and they’ve just been distributing on us here”—and laid out a lower-high path in which a rally fizzles beneath or just above the prior peak before breaking down. “There’s a world where we make an all-time high, but it’s just a weak one… you’re going to have the biggest bear div of all bear divs up here,” he said, cautioning that a marginal new high followed by a swift rejection would flip his posture. In the medium-term, he remains open to two competing macro arcs. In the base case, the classic four-year rhythm holds, the late-2025 window marks the cycle top, and 2026 skews bearish, though he expects drawdowns on Bitcoin to be “truncated” relative to prior 80% collapses given deeper institutional participation. In the alternative, the market “right-translates”—an atypical extension in which a new all-time high could print as late as Q1 2026—forcing a reassessment of the four-year template. Either way, he said, his plan is to sell strength on the next leg and reassess if the market presents higher-low continuation after a new high: “If the market appears to still be bullish, guess what? I can get back on the bull train.” Mayne also flagged the US dollar as a 2026 risk pivot, arguing the DXY is carving a “serious low” on multi-month and yearly structures that could precede a “deflationary rally.” While not a one-to-one driver, he said a strong dollar tends to pressure crypto and other risk assets. That macro overlay, combined with what he views as froth in AI-linked equities, underpins his caution beyond the next advance. At press time, Bitcoin traded at $103,412. Featured image created with DALL.E, chart from TradingView.com
New research shows AI models can develop genuine gambling addiction, with some going broke 48% of the time—and the prompts traders use make it dramatically worse.
Bitcoin fell to a five-month low before staging a modest recovery, testing a crucial support line that traders say could decide the short-term fate of the bull market. Related Reading: Bitcoin’s Grip Holds — But Signs Of Weakness Are Piling Up: Analyst According to Crypto Onchain, Bitcoin hit an intraday low of $98,900 before buyers pushed the price back above $101,000 and later to $103,400 at the time of writing. The top coin’s year-to-date gain sits at close to 10% after peaking at an all-time high of $126,300 in October. Bears Break $107,000 Fortress Based on analysis from Crypto Onchain and on-chain data provider CryptoQuant, Bitcoin lost the $107,000 support after roughly 130 days of trading in a band between that level and $123,000. The move sparked heavy liquidations in the futures market. About $640 million in long positions were wiped out over a 24-hour stretch. That figure, market watchers say, is the second-largest daily long liquidation event since June 2021. The October 10 event remains the largest on record for comparison. The $101,000 level has taken on extra meaning. Traders point out that bulls stepped in near $98,000 and pushed the market back toward the lower trendline of a long-term ascending channel that has held since October 2023. Reports have disclosed that defending this channel bottom would be read as a bullish sign, while a close below it could signal deeper losses and a break in the market structure that has supported the rally. CME Gap Could Pull Price Lower A nearby gap on the CME futures chart sits between $92,000 and $93,000, roughly 10% from current prices, and some analysts are watching that area closely. Historically, Bitcoin has often filled such gaps before resuming its next leg up, and the gap is now a possible target if bearish pressure continues. At the same time, strong buying interest around the $101,000 zone could halt any slide and force prices back up. Liquidations And Market Mood The cascade of liquidations amplified selling pressure, particularly among highly leveraged traders. Futures positions were forcefully closed, and this intensified the intraday drop. Yet buyers were quick to take advantage of the lower levels, and the rebound to $103,000 level showed a degree of demand at current prices. Volume and near-term momentum will be key in determining whether that demand is durable. Related Reading: XRP’s Low Price Isn’t A Problem—It’s Actually A ‘Blessing’, Finance Expert Says Market participants say the most important signal will be a daily close relative to the ascending channel’s lower trendline around $101,000. A sustained close above that mark would likely be read as a buying chance, while a decisive break and continued selling could open the path toward the CME gap near $92,000–$93,000. Broader moves in US equities and large trader activity are also being monitored, since they helped trigger the recent pullback. Featured image from Unsplash, chart from TradingView
XRP saw record wallet growth and easing whale outflows, hinting at a potential market bottom despite the recent price weakness.
The Buenos Aires government and Binance are working together to get Argentinians using digital assets safely. The country's president is the subject of an ongoing criminal probe.
Ethereum (ETH) traders have quickly pivoted to extreme bullishness after the recent crypto market crash. According to market data analysis from Santiment, Ethereum traders have been expecting a strong rebound in the coming days following a series of deleveraging. Source: Santiment However, Santiment cautioned Ethereum traders for turning extremely bullish as history has proven that …
MyPrize has inked a deal with Crypto.com to bring prediction markets to the app's self-reported 1 million global users.
Despite a dip in active wallets and DeFi losses, blockchain gaming and decentralized finance continued to drive most Web3 activity last month.
Elixir says it processed redemptions for 80% of deUSD holders, and has snapshotted the remaining balances for future USDC redemptions.
Ethereum is attempting to regain stability after the sharp selloff on Tuesday that sent its price plunging below $3,100. The drop triggered widespread liquidations across the crypto market, with ETH briefly touching multi-week lows before finding support. As of today, bulls are trying to reclaim the $3,350 level, a short-term resistance zone that could determine whether the asset stages a broader recovery or faces another leg down. Related Reading: ‘Bitcoin $100K Break Was Emotional’ – On-Chain Data Shows No Structural Damage Despite the volatility, on-chain data reveals a different story beneath the surface. Large investors — often referred to as whales — have continued to accumulate ETH, signaling long-term confidence in the network’s fundamentals. Their steady buying activity stands in stark contrast to the broader market’s fear-driven behavior, suggesting that major holders view the recent correction as a buying opportunity rather than a reversal. Historically, whale accumulation during deep pullbacks has often preceded strong rebounds, as institutional and long-term capital step in while retail sentiment weakens. The challenge now lies in whether Ethereum can maintain momentum above key technical levels, especially as overall market confidence remains fragile. If buying pressure continues to build, ETH could find the foundation for a sustained recovery heading into mid-November. Whales Accumulate ETH, Hinting at Impulsive Move Ahead According to Lookonchain, Ethereum whales have collectively accumulated 394,682 ETH, worth approximately $1.37 billion, over the past three days. This wave of large-scale buying comes as prices consolidate below $3,400, signaling that deep-pocketed investors are positioning ahead of a potential market rebound. Such aggressive accumulation often indicates smart money confidence in future upside potential. Historically, when whales buy during periods of widespread fear and weak price action, it suggests they are anticipating an impulsive phase — a sharp move driven by renewed liquidity and market sentiment recovery. The scale and speed of this accumulation reinforce the idea that these entities expect Ethereum to outperform once selling pressure fades. This trend also aligns with broader market behavior seen after major liquidations, where institutional players tend to absorb supply from shaken-out traders. If ETH holds above its key support around $3,100, the combination of whale accumulation, improving on-chain inflows, and reduced leverage could act as the catalyst for a breakout toward the $3,600–$3,800 range. Related Reading: Anti-CZ Whale Flips Bullish: Now Long $109M In Ethereum While Holding Massive Meme Shorts ETH Finds Support at 200-Day MA Ethereum’s daily chart shows that the asset has found temporary relief after Tuesday’s sharp selloff, which dragged prices below $3,100 for the first time in weeks. The decline brought ETH down to test its 200-day moving average (red line) — a key long-term dynamic support that historically acts as a springboard during corrective phases. Currently, Ethereum is trading around $3,380, showing signs of a modest rebound. However, bulls face immediate resistance near the $3,500–$3,600 range, where the 50-day (blue) and 100-day (green) moving averages converge. This area has repeatedly rejected upward moves since late October and will likely define short-term direction. Related Reading: Balancer Hacker Now Converting Loot to Ethereum: Stolen Funds Surge To $116.6M A decisive break above these averages could shift momentum back in favor of the bulls, opening the door for a recovery toward $3,800. On the downside, a failure to hold above the 200-day MA may trigger further weakness toward $3,000 or even $2,850, where previous demand zones exist. Featured image from ChatGPT, chart from TradingView.com