Galaxy Digital has cut its 2025 year-end Bitcoin target to $120,000 from $185,000 in a new research alert circulated on November 5 and shared via screenshots on X by Alex Thorn, the firm’s head of firmwide research. In the note titled “Bitcoin Outlook Update: Lowering 2025 YE Target to $120,000,” Thorn situates the downgrade squarely in the context of a “major, multi-week selloff,” writing that “Bitcoin is trading below $100k for the first time since late June, with other cryptos faring worse.” Thorn stresses that the shift is cyclical rather than existential, stating plainly: “While bitcoin’s structural investment case remains strong, cyclical dynamics have evolved.” The firm frames the current backdrop as a decisive turn in market microstructure: “Bitcoin has entered a new phase – what we call the ‘maturity era’ – in which institutional absorption, passive flows, and lower volatility dominate.” Related Reading: Bitcoin Price Crashes Below $99,000: Expert Breaks Down Why That regime change helps explain both the tempered year-end target and the altered cadence of price discovery that Galaxy now expects. As Thorn puts it, “If bitcoin can maintain the ~$100k level, we believe the almost three-year bull market will remain structurally intact, though the pace of future gains may be slower.” Short-term optimism is not abandoned: “Still, we think nearing prior all-time highs before year-end is a reasonable target for short-term bulls.” Reasons For The Bitcoin Downgrade The downgrade aggregates several identifiable drags, beginning with distribution patterns across the holder base and the market’s capacity to absorb them. Galaxy writes: “Significant coin transfers from old holders to ETFs and new institutional buyers signal maturity, not weakness, but have presented headwinds.” This redistribution—whales handing supply to passive and institutional channels—may strengthen long-term ownership but has, in Galaxy’s telling, blunted near-term momentum. Positioning and leverage are the second leg of the argument. Thorn flags the “significant leverage wipeout from Oct. 10” and adds that it “continues to dent market liquidity and confidence.” The October flush sits at the center of Galaxy’s cyclical reassessment: forced de-risking weakened order-book depth just as large-holder distribution accelerated, leaving price vulnerable into the latest drawdown. A third component is the rotation of capital and narrative attention into other trades. Galaxy is explicit that “Bitcoin started the year as the hottest investment narrative, but AI, hyperscalers, gold, and the Magnificent 7 have absorbed capital and attention that might otherwise flow into BTC.” That diversion extends into crypto-adjacent plumbing as well: “Rapid stablecoin growth has redirected venture and equity interest into fintech and payments infrastructure.” The net effect, according to the note, has been a drag on incremental demand for direct BTC exposure and a tougher funding environment for pure-play Bitcoin vehicles. Retail participation, which defined prior peaks, is notably absent at sustained scale, and when it surfaces it tends to be flighty. Thorn writes: “Retail never fully returned at scale post-2021; when it did, the memecoin mania fostered short-termism that is not conducive to understanding and adopting bitcoin’s long-term value proposition.” Without sustained retail sponsorship, Galaxy expects ETF and institutional flows to “define BTCUSD behavior,” adding that “Passive Flows Dominate… lowering volatility and moderating cycles.” This, again, is part of the “maturity era” thesis rather than a repudiation of Bitcoin’s core investment case. Related Reading: ‘Bitcoin $100K Break Was Emotional’ – On-Chain Data Shows No Structural Damage Policy timing features as a missing catalyst rather than a negative shock. The note observes that “Despite positive rhetoric, no government bitcoin purchases have been announced. In general, the US government has been very quiet on the Strategic Bitcoin Reserve (SBR).” Galaxy does not ascribe immediate downside to the absence, but it removes a bullish tail event that some investors had hoped would materialize this year. Corporate treasuries and listed “Bitcoin-as-reserve” plays also receive a recalibration. Galaxy argues that the next iteration will demand business fundamentals rather than balance-sheet optics alone: “BTCTC Phase 2: The next wave of bitcoin treasury companies will mostly need revenue generation and operating businesses beyond reserve accumulation to differentiate themselves and thrive.” The firm also points to “poor performance of BTC treasury companies” as part of the year’s defining headwinds. Taken together, the factors map to a post-$100k market defined less by reflexive retail surges and more by methodical institutional accumulation. Galaxy calls it the “Post-$100k Regime,” in which “Bitcoin’s ascendance above six figures earlier this year marked the transition from early-era speculation to mature, institutionalized markets.” The conclusion threads the needle between structural conviction and cyclical prudence: “As a result of this market performance, and other factors, we are revising our 2025 year-end bullish bitcoin target from $185,000 to $120,000.” At press time, BTC traded at $103,093. Featured image created with DALL.E, chart from TradingView.com
With the perpetual preferred share STRC now trading at par, Strategy may unlock a new path to acquire bitcoin through its at-the-market program.
The corporate Bitcoin (BTC) treasury trade that validated itself through the second quarter hit a wall in the fall. Public companies added 159,107 BTC in the second quarter, pushing total corporate holdings to roughly 847,000 BTC, approximately 4% of the capped supply, and proving that “Bitcoin on balance sheet” worked as a capital-markets play. Then […]
The post How this $100M Bitcoin-backed loan could rewrite the corporate treasury playbook appeared first on CryptoSlate.
The UK is racing to catch up with the US as global competition to regulate stablecoins has been heating up. While the US’ Genius Act has fueled massive interest for stablecoins worldwide, the UK is also working to finalize its own framework by the end of next year. UK Rushes to Match US on Stablecoin …
Accredited investors in Hong Kong have access to the U.S. dollar, Luxembourg-registered, tokenized UCITS money-market product.
While Bitcoin and Ether ETFs saw continued outflows this week, Solana ETFs bucked the trend, extending their winning streak to seven days.
The current Bitcoin price crash is being driven by major sell-offs from large whales as they offload massive early BTC holdings. In addition to this, though, there are also chart formations that suggest that the Bitcoin price crash is only in its beginning stages. This comes after the cryptocurrency closed the month of October in the red for the first time in seven years, setting a precedent for a likely bearish close to the year. Higher Low Trendline Needs To Hold The current Bitcoin price downtrend began after the cryptocurrency hit a new all-time high back in August. The rejection at $126,000 created the cascade of bearish pressure that has now plagued the market, causing major losses to altcoins as a result. But even with the price already crashing by a significant margin since then, it is likely that the decline is not yet over. Related Reading: Analyst’s Full Market Breakdown Shows Why Bitcoin Price Is Headed For $120,000 Crypto analyst TradingShot highlights the current trend as being similar to what was seen back in January-February 2025, where a fractal formed after the Bitcoin price broke below its higher lows trendline. Presently, the Bitcoin price chart is following a higher low trendline formed after the infamous October 10 flash crash. As the analyst explains, this trendline needs to hold for a recovery to take place. In the event that the trendline does break, then the Bitcoin price could be in trouble, similar to what was seen at the start of the year. A rejection from this level would inevitably lead to a double-digit crash. If the crash sticks to the same fractal seen in January-February, then the analyst predicts that a 32% decline could be in the works. This would put it on the 2.0 Fibonacci Extension level, and such a crash could mean a decline to as low as $87,000 before support is established again. What A Bearish October Means For The Bitcoin Price Interestingly, historical performance also supports the crypto analyst’s theory that a double-digit crash could be in the works for the Bitcoin price. This has to do with the performance in October and what the trend says could happen in the month of November as a result. Related Reading: Dogecoin Volume Spike To $2 Billion Might Be Bearish, Here’s Why Whenever the Bitcoin price has closed October in the red, the subsequent month of November has always ended weakly as well. The last time that Bitcoin saw a red October close was back in 2018, and what followed was a 36.4% crash in November. Given this, it is likely that the Bitcoin price does follow this trend, especially with major sell-offs from BTC whales. Naturally, a double-digit crash would mean that the Bitcoin price will crash below $100,000 for the first time in four months. Featured image from Dall.E, chart from Tradingview.com
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Bitcoin (BTC) price has entered November on a cautious note, trading around $103,000 after failing to reclaim the $112,000 mark set earlier in October. The broader crypto market is mirroring Bitcoin’s slowdown, with major altcoins showing limited movement as traders digest macro cues and ETF flow data. Moreover, the price marking an intraday low below …
Bitcoin price upside was limited as suspicions rose over the owner of a large wall of sell orders stretching to the $112,000 mark.
What to Know: Gemini launches XRP perpetuals for EU traders, offering up to 100x leverage and $USDC settlement on a regulated venue. The move expands derivatives liquidity and price discovery for XRP, likely tightening spreads and attracting market makers across pairs. Increased hedging and funding strategies can accelerate alt rotations, boosting on-chain activity across wallets, bridges, and DEX aggregators. As EU XRP perps spur altcoin rotations, Best Wallet Token’s $16.8M presale is a smart purchase now. Gemini just switched on XRP perpetual contracts for EU customers, letting traders go long or short with up to 100x leverage and no monthly expiry. Perps settle in $USDC and live inside Gemini’s regulated EU derivatives stack, and this combo offers access to XRP volatility while keeping operations under an institutional-style framework. The launch adds a fresh venue for XRP price discovery and funding-rate strategies, which tends to attract market makers and bring tighter spreads. Why is this important? Because it adds more derivatives liquidity to one of the largest crypto payment assets and pulls capital into alt rotations. As a result, $XRP has now recovered to above $2.3 in the last day (+3.49%), alongside many of the best altcoins on the market, including Ethereum (1.15%), Solana (+1.33%), and BNB (+0.14%). When a Tier-1 venue lights up a new perp, traders often start hunting catalysts across the rest of the board. And it’s often wallet infrastructure that sees the upside because that’s where users bridge, swap, and stake while moving between trades. That’s the setup that can funnel attention toward top altcoin with direct utility. Enter Best Wallet Token ($BEST) and Best Wallet, a non-custodial, multi-chain wallet with an integrated DEX aggregator, a curated ‘Upcoming Tokens’ presale hub, and a planned debit card. $BEST owners get fee reductions, governance, staking boosts, and access to some of the best crypto presales on the market. If XRP perps kick off risk-on rotations, a wallet token that monetizes swaps and presale activity is a clean way to play the flow without guessing single-coin winners. More perp venues usually equal more trading cycles, more bridging, and more on-chain execution. Wallets that compress those steps into one interface capture value at the ‘picks and shovels’ layer, and Best Wallet (alongside $BES) is designed to sit exactly there. ➡️ To learn more about Best Wallet Token, read our guide. Best Wallet Token ($BEST) – Multi-Chain Wallet With Built-In Presale Access Best Wallet is a non-custodial app built for daily use, not cold storage. It supports six major chains (Solana and Ethereum among them), routes same-chain and cross-chain swaps through an integrated DEX aggregator, and offers vetted ‘Upcoming Tokens’ so you can join early presales from inside the wallet. It also offers multi-wallet asset management, buying and selling within the wallet, on-ramp services, and a continuously-evolving DeFi ecosystem. Best Wallet Token ($BEST) ties it all together with trading fee reductions, governance rights, and boosted staking rewards (a staking aggregator is in the works as we speak). The roadmap shows a browser extension, NFT gallery, richer portfolio views, and a debit card to spend crypto are coming in the future. That mix turns $BEST into a utility token linked to swaps, discovery, and payments. So, when derivatives activity sends users rotating between majors and alts, $BEST’s unified flow helps capture those transactions at the point of execution as the mechanism that returns value to holders. $BEST’s presale has raised over $16.8M, with a token price of $0.025905, with the total raise at $16.85M. The token’s got substantial potential come next year – our $BEST price prediction shows a potential price point of $0.05106175 by the end of 2026 (a 97% increase from today’s price). That’s not the only way to gain from this presale, though. You can stake your $BEST tokens immediately after purchase for a dynamic 78% APY (it will drop as more users stake). ➡️ Here’s how to buy $BEST right now. All in all, Gemini’s move signals bullish times for altcoin rotations, and traders are already making moves. And Best Wallet Token can be one of the smartest investments in this period, especially if price predictions come true. Join the $BEST presale before it ends in 22 days. Authored by Elena Bistreanu, NewsBTC – https://www.newsbtc.com/news/gemini-xrp-perpetuals-live-europe-top-altcoin-best-wallet-token-soars Disclaimer: This is informational only. Presales and derivatives carry high risk. Verify contract addresses, read official docs, and never invest more than you can afford to lose.
The crypto market just faced one of its sharpest shocks in months. Bitcoin briefly fell below $100,000, erasing nearly $2 billion in market value within hours. The sudden drop sent fear rippling through the community. But according to financial analyst Shanaka Anslem Perera, this panic might be the final shakeout before Bitcoin began its bull …
The crypto market is flashing green again after yesterday’s crowd-driven sell-off, signaling a swift shift in sentiment. Bitcoin (BTC) has rebounded above $103,800, while Ethereum (ETH) is back to $3,440, marking a sharp recovery. Amid the broader rebound, XRP has emerged as one of the day’s strongest performers, rallying over 12% in the past 24 …
Whales still move prices, but ETF flows, exchange liquidity, and macro shifts now decide Bitcoin’s daily color.
1inch stunned the market with a sharp 19.46% price jump in just 24 hours, building on a steady 4% gain from last week. What sparked this move? A strategic inflow of 5 million USDC into Binance stirred a near 29% intraday price surge. Coupled with a security upgrade featuring AI-powered threat detection, the token gained …
Despite a slight recovery in cryptocurrency prices on Wednesday, experts remain divided on the future direction of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The market is at a crossroads, with some analysts anticipating a deeper correction, while others see the potential for a renewed recovery. iShares Bitcoin Trust ETF Hits 52-Week Low According to a report from Barron’s, all three cryptocurrencies have attracted attention from major exchange-traded fund (ETF) issuers and President Trump’s administration, spurring hopes that increased institutional adoption could help stabilize volatility. Related Reading: Bitcoin Price Falls Under $100,000: Elliott Wave Analysis Forecasts Decline To $70,000 The iShares Bitcoin Trust ETF is currently trading more than 20% below its recent 52-week high, which was reached less than a month ago. This peak coincided with the formation of a bearish evening star pattern, and the ETF experienced a notable decline of 3% on October 7. The drop below the $70 mark has added to the bearish sentiment, with the ETF declining in three of the last four weeks, closing within the lower half of its trading range. This week alone has seen an 8% drop, and the ETF recently undercut its 200-day simple moving average, marking a steep 5.5% decline—the largest single-day drop since April 7. For investors to regain confidence, analysts assert that it is crucial for the ETF to hold near current levels and reclaim the 21-day exponential moving average (EMA), a key indicator of bullish momentum. Historically, recoveries have taken about six sessions, as seen back in April. Ethereum ETF Faces 17% Weekly Decline Ethereum, represented through the Grayscale Ethereum Trust ETF, has experienced a more pronounced decline, now down 34% from its annual peak and showing a negative year-to-date performance of 5%. This week alone, the ETF has dropped 17%, roughly double the decline seen in the Bitcoin Trust ETF. However, the sharp pullback follows a significant increase of over 220% from early April to late August, making the current retreat appear both prudent and necessary. Notably, the fund has not yet pierced its 200-day simple moving average, having touched it recently while retesting a breakout above a bullish inverse head-and-shoulders pattern. The behavior of the ETF around this critical moving average in the coming week will be crucial; if stability can be achieved, it may present an attractive buying opportunity. After facing resistance at the $40 level on August 22, recent price action could be forming a double-bottom base, provided that the recent lows hold. Heightened Concerns For Solana Solana’s performance has been the most concerning, with its ETF plummeting 41% from its most recent 52-week high set in September. This heightened volatility may reflect the asset’s relative newness, as it began trading only in April. Related Reading: Ethereum Price Needs To Reclaim This Key Level To Prevent Drop To $1,700 The Solana ETF peaked on September 18 and has since formed a bearish island reversal pattern. Over the past seven weeks, it has fallen in five of those, with three weeks recording double-digit declines. This week alone, the ETF has dropped another 19% through just two trading sessions. On the daily chart, a break below the bearish head-and-shoulders pivot at $19 raises concerns of a potential measured move down to $12. Ultimately, the report suggests that a potential recovery for the trio would imply further inflows into these exchange-traded funds. This would also indicate a new wave of bullish sentiment returning to the market. At the time of writing, Bitcoin is trading at $104,190, marking a 3% surge over the past 24 hours. During the same time frame, ETH and SOL also recorded gains of 5% and 4%, respectively. Featured image from DALL-E, chart from TradingView.com
Ripple just made one of its biggest moves yet in bringing blockchain to everyday finance. On November 5, during Ripple Swell 2025 in New York, the blockchain giant announced a partnership with Mastercard, WebBank, and Gemini to enable stablecoin settlement using Ripple USD (RLUSD) on the XRP Ledger (XRPL). The move could reshape how fiat …
Internet Computer price just delivered a remarkable performance that has grabbed the market’s attention. Within the past day, the ICP price surged by 13.1% to $5.79, nearly doubling over the past week with an outstanding 93.13% rally. Amid a spike in market cap to $3.12 billion and $678.4 million in 24-hour trading volume, ICP blasted …
November 6, 2025 06:46:18 UTC SBI Digital Markets Partners with Chainlink to Power Tokenized Asset Platform SBI Digital Markets (SBIDM), the digital asset arm of Japan’s SBI Group (¥10T AUM), has adopted Chainlink as its exclusive infrastructure provider. Through Chainlink’s CCIP, SBIDM will enable secure transfers of tokenized assets across public and private blockchains while …
November 6, 2025 06:20:15 UTC Ripple Secures $500M Investment at $40B Valuation as Swell 2025 Momentum Soars Ripple has closed a $500 million strategic investment round at a $40 billion valuation, led by Fortress Investment Group and Citadel Securities. The company revealed over $95 billion in payment volume, a $1 billion RLUSD stablecoin market cap, …
Chainlink has partnered with SBI Digital Markets, the digital asset division of Japan’s SBI Group, to create secure and compliant cross-chain digital asset solutions. Using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the collaboration enables seamless and private transfer of tokenized assets across multiple blockchains. This partnership supports SBI’s plan to evolve from token issuance to a …
Jan3 founder Samson Mow also argued that fears of Bitcoin OGs selling are overblown and traders should focus on the next bull run, rather than “self-owning themselves.”
A US appeals court says the FBI isn’t at fault for wiping a drive containing over 3,400 Bitcoin, as its convicted owner never informed the government that he owned the tokens.
An analyst has pointed out how Cardano is retesting a level that has helped the asset’s price rebound multiple times during the past year. Cardano Is Retesting The Support Level Of A Parallel Channel In a new post on X, analyst Ali Martinez has shared a pattern forming in the daily price of Cardano. The pattern in question is a Parallel Channel, a type of consolidation channel from technical analysis (TA). Related Reading: Bitcoin & Ethereum Social Sentiment Collapses, But XRP Just Sees Disinterest A Parallel Channel forms whenever an asset’s price trades between two parallel trendlines. If the channel has a positive slope relative to the graph axes, the pattern is called an Ascending Channel. Similarly, the trendlines pointing down create a Descending Channel. In the context of the current discussion, the simplest case of the Parallel Channel is of interest: a channel with a slope exactly equal to zero. This type of pattern corresponds to a phase of true sideways movement in the asset’s price. Just like other consolidation patterns in TA, the upper line of this pattern is also likely to be a source of resistance, while lower one that of support. If the price manages to break past one of these bounds, it may experience a continuation of trend in that direction. This means that a breakout above the channel can be a bullish signal, while a fall under it a bearish one. Now, here is the chart shared by Martinez that shows the Parallel Channel that the 1-day price of Cardano has been trading inside for the past year: As displayed in the above graph, Cardano has witnessed a plummet toward the Parallel Channel’s lower level situated at $0.52 with the recent downturn in the cryptocurrency sector. Since ADA started trading inside the channel back in November 2024, its price has rebounded at this line several times. Given this pattern, it’s possible that the asset may find support at the mark once more. It only remains to be seen, however, whether the Parallel Channel will continue to hold or if a breakdown is coming next. Related Reading: Altcoin Winter Here? Ethereum, Solana Activity Plunges Speaking of Parallel Channels, Ethereum, the cryptocurrency ranked second by market cap, is also trading inside this type of pattern, as the analyst has pointed out in another X post. Unlike ADA’s channel, this pattern in the 3-day Ethereum price is a long-term one, beginning way back in 2021. ETH found rejection at the resistance of this Parallel Channel earlier in the year and has since been on the way down. “The worst-case scenario: Ethereum $ETH fails to reclaim $4,000, breaks through $3,800 support, and drops to $2,400 or $1,700,” said the analyst. ADA Price At the time of writing, Cardano is floating around $0.547, down over 16% in the last seven days. Featured image from Dall-E, charts from TradingView.com
The crypto exchange said the Treasury should ensure that non-financial software is not captured by its requirements.
Major DeFi protocols on Ethereum have banded together to counter the so-called “outsized influence” of centralized crypto firms on US policymaking.
The token defended its ascending channel structure despite distribution pressure at the upper boundary, keeping short-term bias neutral-to-bullish above $0.16.
The move marked the token’s strongest daily gain in a week and outperformance against a declining broader market, with traders now eyeing a clean push toward $2.50.
The USDC policy reversal on firearm purchases suggests that “stablecoins are at the whims of politicians,” an industry expert told Decrypt.
At Miami’s America Business Forum, he said his orders ended a “war on crypto,” said crypto helps the dollar and warned China could gain if Washington stumbles.